Korean Auto Parts Take Over The World

If you are feeling strange when you hear “Korean auto parts”, be very impressed that Hyundai or Daewoo that you simply are driving originated in the same place. The Korean automobile companies are thriving consistently and it supplies automobiles and auto parts to almost all well-known countries around the globe. Besides, they rank sixth in automobile production – no minor feat. Automobiles like Hyundai, Kia, and Daewoo have South Korea as their birthplace and so are thriving companies that have factories, outlets, and resellers all around the globe.

The Korean Automobile Industry

The Korean automobile industry is told to have marked its beginning from the invention in the “Sibal” car around 2015. However, it was only in the early 1960s how the government announced its support for your promotion on this industry with the “Automobile Industry Promotion Policy”. According to the policy, foreign companies could work with Korea only in … Continue reading >>>

Auto Parts In The Forefront Of The Korean Auto Boom Wave

From a humble beginning being a maker of bicycles in Korea, Kia automobiles today prides itself on becoming among the best automotive manufacturers on earth. It has achieved remarkable success as being a maker of high-quality and affordable automobiles. Besides, Kia parts have proved their mettle as a dependable player in the aftermarket for replacement and maintenance.

The Korean automobile industry, as also Korean automakers, has achieved unusual success, although the industry may be sandwiched between high-profile, high-priced Japan and newly emerging low-priced China.

Great Prospects In The Horizon For Korean Auto Parts Industry

Boom time is across the corner for the likes of Kia parts. Nearly 70 percent of U.S. buyers have shown their willingness to boost their purchases of South Korean after the Korean-US free trade agreement arrives into effect. The free trade agreement once ratified by the legislature of both countries will almost eliminate tariff barriers and … Continue reading >>>