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:
“Bankers, nepotists, contracts and talkies: on four fingers one may count the leeches which have sucked a young and vigorous industry into paresis.”
—Dalton Trumbo (1905–1976)
“A friend and I flew south with our children. During the week we spent together I took off my shoes, let down my hair, took apart my psyche, cleaned the pieces, and put them together again in much improved condition. I feel like a car that’s just had a tune-up. Only another woman could have acted as the mechanic.”
—Anna Quindlen (20th century)