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  • Annual Production of 4 Million Cars Lays a Strong Foundation for the Automotive Parts Industry Close
    Annual Production of 4 Million Cars Lays a Strong Foundation for the Automotive Parts Industry
    The auto industry ecosystem that has been created based upon Korea’s experience of manufacturing over four million cars annually works as a foundation for continuous growth of the automotive parts industry.
    As an IT powerhouse, Korea has capabilities to respond to making smart cars, which leads to high expectation for continuous growth in the future.
    Eight Korean companies were included in the 2019 Top 100 Automotive Parts Companies Ranking list (based on sales).
    The total sales of those eight companies was USD 57 billion, accounting for 6.8% of all 100 automotive parts companies.
    "Korean Companies’ Ranking on Top 100 Automotive Parts Companies Ranking"
    (Unit : USD million)
    Please refer to the information below
    Korean Companies’ Ranking on Top 100 Automotive Parts Companies Ranking year(2010,2015,2019) Name of Company, Delivery Price
    2010 2015 2019
    Name of Company Delivery Price Name of Company Delivery Price Name of Company Delivery Price
    현대모비스(9위) 14,433 현대모비스(6위) 26,262 현대모비스(7위) 26,155
    현대위아(45위) 4,115 현대위아(29위) 7,480 현대트랜시스(36위) 7,374
    만도(53위) 3,827 만도(45위) 5,560 현대위아(37위) 6,979
    현대다이모스(92위) 1,338 현대파워텍(50위) 4,554 한온시스템(42위) 6,137
    현대다이모스(71) 3,200 만도(50위) 4,893
    현대케피코(88위) 1,898
    SL(89위) 1,883
    서연이화(94위) 1,695
    Large view of images
    ※ material : Automotive News
  • Export-led Growth Trend Continues Open
    Export-led Growth Trend Continues
    The sales of the Korean automotive parts industry in 2019 reached USD 65.4 billion (KRW 76.1 trillion), up 6.5% YoY.
    Thanks to the growth of front industries, the sales of the automotive parts industry has grown continuously by 2.9% every
    year on average, starting from USD 51.8 billion (KRW 58.8 trillion) in 2010.
    OEM accounts for the highest proportion at 66.5%, followed by exports at 28.8%, and AS parts at 4.7%.
    The proportion of automotive parts out of all exports in 2019 reached 4.2%, and the surplus in balance of trade was also as
    high as USD 17.1 billion, Export items include other automotive parts, transmissions, frame parts, and brake parts.
    ※ Source: Statistics Korea, Korea International Trade Association
    Auto Industrial Trends category, year
    ※ Source: Statistics Korea, Korea International Trade Association
    ※ Footnote: *Production and domestic demand: Completed cars
    ※ * Amount of exports and imports: MTI741, MTI742 add up
  • Global Automotive Parts Companies Entered Korea in Large Numbers Open
    Global Automotive Parts Companies Entered Korea in Large Numbers
    Most of the top ten automotive parts companies have entered Korea, and they supply core parts that require high levels of technology.
    Those leading automotive parts companies utilize Korea as an important axis in their global networks and are investing in electric vehicles and autonomous vehicles to secure future markets.
    한국 진출 글로벌 자동차부품 기업들:캐다나 - MAGNA/미국 - FEDERAL MOGUL, BorgWarner, Cooper Standard/프랑스 - Faurecia, Valeo/독일 - MAHLE, Continental, MANN HUMMEL, BOSCH, ZF/일본 - Calsonic Kansel,DENSO, Yasunaga Large view of images
  • Accelerated Conversion to Future Automobiles Open
    Accelerated Conversion to Future Automobiles
    The Korean government announced the Future Automobile Industrial Development Strategies to propose achieving a 10%
    market share in the global eco-friendly car market by 2030 and becoming the first country to commercialize fully autonomous cars (level 4) by 2027. The private sector plans to create a fund of USD 51.6 billion (KRW 60 trillion) by 2030 along with securing technologies and building the infrastructure required to commercialize autonomous vehicles.
    In order to ensure the advancement of autonomous driving technology, Korea will cooperate with Intel, NVIDIA,
    and Baidu, etc. to acquire start-ups, so that fully autonomous vehicles (level 4), which enable safe autonomous driving
    technology even when drivers cannot return to manual operation, can be commercialized by 2022.
    Please refer to the information below
    Government technology/R&D Support for electric vehicles
    (Electric vehicles) Together with improving mileage (400km → 600km) and reducing charging time (200kW → 400kW), core parts technologies will be improved (feasibility studies worth USD 450 million under way)
    Core parts: Battery cells, battery modules, battery management systems (BMS), on board chargers (OBC)
    Localization of IT-based autonomous vehicle and parts manufacturing
    Convergence technologies will be developed among automotive parts companies and electric, telecommunication, and IT companies (convergence sensors [cameras, radar, lidar], AI-based driving control technology, etc.) and demonstration of mobility services will be supported (USD 900 million; feasibility studies under way).
    Core parts: Front and side image sensor modules, 77/79 GHz dual band radar, low-price lidar sensors, accident data recorders (ADR), V2X communication, digital maps, lower-end hybrid positioning, driver-vehicle interfaces (HVI module), integrated domain control units (DCU)
    Large view of images
  • Nationwide Location of the Automotive Industry Open
    Nationwide Location of the Automotive Industry
    The Korean automotive industry is scattered across the country. Its clusters are categorized into the west sea area,
    including Seoul metropolitan area, the southeast with Ulsan at the center, and the Honam area with Gwangju and Gunsan.
    Kia and GM Korea’s completed vehicle factories, Hyundai-Kia Namyang R&D Center and other R&D centers and factories,
    and the K-City (an exclusive test city for autonomous driving) are located in the metropolitan area. In the Chungcheong area,
    124 primary partner companies are located in Cheonan, Asan, and Dangjin. In the southeast area, major complete car companies, such as Hyundai, Renault Samsung, and GM Korea, and 337 primary partners for automotive parts have formed clusters.
    Location of Complete Car Factories and Primary Partners
    Please refer to the information below
    Location of Complete Car Factories and Primary Partners
    • Seoul:37 parts companies
    • Gangwon:4 parts companies
    • Incheon – 50 parts companies
      • Incheon: GM Daewoo 44만대
    • Gyeonggi :117 parts companies
      • Sohari:Kia 32만대
      • Hwaseong:Kia 56.3만대
      • Pyeongtaek:SsangYong 15.3만대
    • Chungcheongnam-do:78 parts companies
      • Seosan:Donghee Auto (Kia) 15만대
      • Asan:Hyundai 30만대
    • Daejeon :8 parts companies
    • Chungcheongbuk-do:21 parts companies
    • Jeollabuk-do:72 parts companies
      • Gunsan:Tata Daewoo 2만대
      • Jeonju :Hyundai 10.3만대
    • Gyeongsangbuk-do:68 parts companies
    • Daegu:47 parts companies
    • Jeollanam-do:8 parts companies
    • Gwangju:28 parts companies
      • Gwangju:Kia 60만대
    • Ulsan:33 parts companies
      • Ulsan:Daewoo Bus 0.5만대
      • Ulsan:Hyundai 141만대
    • Gyeongsangnam-do:118 parts companies
      • Changwon : GM Daewoo : 21만대
    • Busan:67 parts companies
      • Busan:Renault Samsung 30만대
    Large view of images
    ※ Source: Korea Auto Industries Corporation Association (KAICA)
    ※ Source: Korea Institute for Industrial Economics and Trade
    ※ Footnote: 2019 Output
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