| | Newsletter [No.5] Korean Automotive Industries | Current Issues in Korean Automotive Industry |
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1. Imported cars have been increasingly extended in Korean automotive market share
| | Increasing the demand of imported cars in Korea, it is forecast to increase the demand of auto parts for the imported cars. | | -
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| Price competitiveness
Since there is no big difference in the price between Korean cars and imported car, the demand of imported car is increasing among the young because of the rarity as well.
Popular diesel car
Interested in more fuel-efficient vehicle according to increasingly high oil prices. Last year, sales of imported diesel vehicle have been increased 35% since 2005. |
| | 2. Development of eco-friendly and electric vehicle | | The automotive group, which holds units like Hyundai Motor, Kia Motors and Hyundai Mobis, said its investment target for this year comes to 14.1 trillion won, up 15.6 percent from its 2011 investment. Its investment in the R&D sector will mostly be focused on development of futuristic cars, such as eco-friendly hybrids and electric vehicles. Following the sales of Hyundai’s Sonata hybrid and Kia’s K5 hybrid in 2011, the group is aiming to launch a variety of hybrid models over the next few years. |
| | 3. Statistics of Korean Automobile Industry | | Classification | 2011 | 2012 | %Ch.g | Production |
| 4,400 | 4,700 | 6.8 | Passenger Cars | 3,992 | 4,272 | 7.0 | Commercial | 408 | 428 | 4.9 | Domestic Sales |
| 1,550 | 1,500 | -3.2 | Passenger Cars | 1,250 | 1,238 | -1.0 | Commercial | 250 | 262 | 4.8 | Exports |
| 2,900 | 3,200 | 10.3 | Passenger Cars | 2,730 | 3,034 | 11.1 | Commercial | 170 | 166 | -2.4 | Exports Amount (100Mil.U$) | 0 | 0 | 0.0 |
| | Note) %Chg. Represents the variation rate over the previous year. |
| Korea Automotive Industries Exhibition [KOAASHOW & K.EVSHOW] 2012 |
| | | Date: Nov. 14th-16th, 2012
Venue: KINTEX, Korea
Website: www.koaashow.com
Main Product Groups: Auto parts (OEM& Aftermarket) and materials | | | Electric vehicles, electronics, and IT convergent products
Repair & maintenance, tool, and machines
Accessories, tuning, and car care products
Testing & inspection equipment and software
Machinery & facilities
Tires & wheels
Reconditioned parts |
| | | 1. Now available for the KOAASHOW application as an exhibitor! (☞ Click) |
| | 2. Supplier Spotlight…more (☞ Click)
Check out listings and information on leading suppliers. |
| | GAHBIN CORPORATION | * Exhibit : Air/Oil/Fuel Filters, Brake Pad/Shoe, Spark Plug Cable, Gasket, Oil/Water Pumps and etc | | Autovox Korea co., ltd. | * Exhibit : Premium Plastic Snow chain (Passenger and Truck), OEM Hyundai Air cleaner | | WOOYOUNG-IND | * Exhibit : DOOR FRAME, DOOR BELT OTR MLD'G, DOOR FRAME MLD'G, ROOF GARNISH MLD'G, W/S GLASS &
SIDE MLD'G | | NAM YUNG LIGHTING CO., LTD | * Exhibit : Automotive Halogen Bulb & HID | | Central DTS | * Exhibit : Propeller Shaft | | SANGSIN BRAKE | * Exhibit : Brake pads, Brake shoe, Brake lining | | Bullsone | * Exhibit : Fuel System Cleaner etc. | | Global Battery Co., Ltd | * Exhibit : Automotive Battery (Lead Acid Battery, AGM Battery, ELF Battery) & Industrial Battery | | Hankook Delcam | * Exhibit : 3D Portable Scanning System. 3D Portable CMM System | | Dongil Rubber Belt Co., Ltd. | * Exhibit : Exhibit : Transmission Gear, Differential Gear, Hypoid Gear, Synchronizer, Heavy Equipment Drive
Train, Shaft | | SAMGONG GEAR IND.CO., LTD. | * Exhibit : Transmission Gear, Differential Gear, Hypoid Gear, Synchronizer, Heavy Equipment Drive Train, Shaft | | ILJIN ELCTRIC | * Exhibit : EV motor(IPM, HSM), Rapid Charger for EV | | OSUNG MIDAS, Co., Ltd | * Exhibit : Tool pick-up | | Samhong Engineering | * Exhibit : Wheel alignment |
| | * We will upload all exhibitors’ information in June. | | Click here to pre-register as a visitor now! (☞ Click) |
| | | We are very welcoming you to visit KOAASHOW in Korea from Nov. 14 to 16. Every year, over 30,000 professionals in automotive industry and buyers from over 40 countries have packed the event for the 3 day duration. You can preview all innovative and early adopted exhibits in the automotive industry. E-ticket for free admission will be sent you by email. |
| | | | | See us at automotive exhibitions all around the world and get more information about KOAASHOW & K.EVSHOW. You can visit the Korean pavilion at the following exhibitions. |
| Exhibition | Date | Venue | GACS
(Global Automotive Components and Suppliers Expo) | 2012.06.12-14 | New Messe Stuttgart
Germany/ Stuttgart | MIMS
(Moscow International Motor Show) | 2012. 08.27-30 | Expocentre fairgrounds
Moscow/ Russia | Frankfurt Automechanika | 2012. 09.11-16 | Messe Frankfurt
Frankfurt/ Germany | CIAPE
(China international Auto Parts Expo) | 2012. 10.26-28 | China International Exhibition Center
Beijing/ China | AAPEX
(Automotive Aftermarket Products Expo) | 2012.10.30-11.01 | Sands Expo Center
Las Vegas/ U.S.A. |
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