The automotive industry in South Korea is the fifth-largest in the world measured by automobile unit production and the sixth-largest by automobile export volume.
While its initial operations were merely the assembling of parts imported from Japan and the United States, Korea is today among the most advanced automobile-producing countries in the world. Annual domestic output first exceeded one million units in 1988. In the 1990s, the industry manufactured numerous in-house models, demonstrating not only its capabilities in terms of design, performance, and technology, but also signalling its coming of age.
Famous quotes containing the words industry and/or south:
“Your representative owes you, not his industry only, but his judgement; and he betrays instead of serving you if he sacrifices it to your opinion.”
—Edmund Burke (1729–1797)
“The cloud was so dark that it needed all the bright lights that could be turned upon it. But for four years there was a contagion of nobility in the land, and the best blood North and South poured itself out a libation to propitiate the deities of Truth and Justice. The great sin of slavery was washed out, but at what a cost!”
—M. E. W. Sherwood (1826–1903)