Automotive Industry in South Korea

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.

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    The reason American cars don’t sell anymore is that they have forgotten how to design the American Dream. What does it matter if you buy a car today or six months from now, because cars are not beautiful. That’s why the American auto industry is in trouble: no design, no desire.
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    Biography is a very definite region bounded on the north by history, on the south by fiction, on the east by obituary, and on the west by tedium.
    Philip Guedalla (1889–1944)