Invest KOREA

Korean parts manufacturers are growing into global companies in line with their production volume, and many well-known overseas companies are operating base factories in Korea. The list of the world's top 100 auto parts makers in 2021 (based on sales) showed that nine Korean parts makers were listed. The sales of these nine companies amounted to USD 55.2 billion, accounting for 7.4% of the top 100 parts makers' sales. One more company was added to the list, up from eight companies in 2020. Yura, a supplier of electronic modules and wiring systems, grew significantly during the period of the transition to electric vehicles, and reached 78th place in 2021.

Kia Motors and GM Korea have finished car factories located in the metropolitan area, and there are also research centers and factories, including Hyundai-Kia's Namyang Research Center, as well as a test city for autonomous vehicles (K-City). In the Chungcheong region, 124 primary suppliers are concentrated in Cheonan, Asan, and Dangjin. In the southeast region, major domestic automakers, such as Hyundai Motor Company, Renault-Samsung Motors, and GM Korea, and 337 primary parts makers form a cluster.