Automotive Market Korea’s automotive industry and future prospects

Korea’s automotive industry status Automobile Market [3×100] Korea’s auto industry has the world’s fifth largest scale And the production of finished cars is about 2.5 million units by 2023.Automobile exports recorded about 100 trillion won in 2023, and Korea in Korea. It is becoming one of the main export items. The strengths are as follows. […]

Korea’s automotive industry status

Automobile
Market

[3×100]

Korea’s auto industry has the world’s fifth largest scale
And the production of finished cars is about 2.5 million units by 2023.Automobile exports recorded about 100 trillion won in 2023, and Korea in Korea.
It is becoming one of the main export items.

The strengths are as follows.
It has a global competitiveness in the automobile manufacturing sector.
[3X1023]

Korea’s automotive industry future
Outlook

The Korean automobile industry is accelerating the transition to future cars such as electric and autonomous vehicles.Accordingly
Korean automakers are expanding their investment in the future.
The company aims to achieve 12%market share.To this end, the company plans to increase the production of electric cars to 3.23 million by 2030.

Kia Motors aims to sell 1.2 million electric cars by 2027.To this end, electric car production capacity by 2027
The company plans to increase more than twice.The government
By 2026, we announced plans to invest 95 trillion won to foster the future car industry to third place.

Korea automobile industry
It is regarded as an industry with great growth potential due to the transition to future cars.If the government’s support and companies’ efforts are combined, the Korean auto industry is a global future car.
It is expected to become a powerful country.

In order for the Korean auto industry to become a leap forward in the future era, the following tasks will have to be solved.

• Strengthening the technology competitiveness of future cars: Korean automakers are more technical competitiveness in future cars such as electric and autonomous vehicles.
• Strengthening the competitiveness of the parts industry: The competitiveness of the Korean automotive industry depends on the competitiveness of the parts industry.Korea is
  We must try to strengthen the competitiveness of the parts industry.
  It must be positive.The government and companies should work together to foster talent.

The Korean automobile industry
If you solve the tasks, you will be able to develop further in the future era.