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Automobile Industry

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Automobile Industry

Around 300 auto-related companies located in Ulsan produce more than USD 38 billion including the world’s largest automobile plant of Hyundai Motors, which produces 1.4 million cars a year. Ulsan accounts for more than 23 percent of the nation’s car production and exports USD 23 billion yearly, becoming a global leader in the automotive industry.

When Hyundai's EV-only plant begins mass-production in earnest from the second half of 2025, optimal investment environment will be created for the future car industry. Ulsan has been carrying out various products such as providing support for transition of auto parts companies and fostering companies in the UAM industry to become a business friendly city, in response to the future mobility era.

Status of Ulsan’s Automobile Industries (2nd in Korea as of 2021) 

Output(20.1%) - Ulsan: KRW 39,530,400 million, Korea: KRW 197,044,800 million Added-Value(18.0%) - Ulsan: KRW 10,177,200 million, Korea: KRW 56,533,600 million Number of Businesses(6.2%) - Ulsan: KRW 29.1 billion, Korea: KRW 466.6 billion Number of Workers(14.2%) - Ulsan: KRW 5,044,500 million, Korea: KRW 35,450,400 million
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