Automobile Industry
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Automobile Industry
Around 700 auto-related companies located in Ulsan produce more than USD 72.5 billion including the world’s largest automobile plant of Hyundai Motors, which produces 1.5 million cars a year. Ulsan accounts for more than 25 percent of the nation’s car production and exports USD 27 billion yearly, becoming a global leader in the automotive industry.
With the start of mass production at Hyundai Motor’s dedicated EV plant in 2026, Ulsan is solidifying its position as a global hub for the future automotive industry. Building on this momentum, the city is actively pursuing various initiatives to innovate future mobility, including supporting the transition of automotive parts suppliers and establishing a foundation for the commercialization of K-UAM.
With the start of mass production at Hyundai Motor’s dedicated EV plant in 2026, Ulsan is solidifying its position as a global hub for the future automotive industry. Building on this momentum, the city is actively pursuing various initiatives to innovate future mobility, including supporting the transition of automotive parts suppliers and establishing a foundation for the commercialization of K-UAM.
Status of Ulsan’s Automobile Industries (1st in Korea as of 2024)
Output(24.2%) - Ulsan: KRW 71,384.8 billion, Korea: KRW 294,588.5 billion
Added-Value(22.2%) - Ulsan: KRW 19,720.1 billion, Korea: KRW 89,005.5 billion
Number of Businesses(6.6%) - Ulsan: 322, Korea: 4,899
Number of Workers(16.0%) - Ulsan: 54,956, Korea: 343,179