HOME > INFOCENTER > News
News
Korea Automotive Market Oppotunity!! | |||
---|---|---|---|
Date | 2015-08-20 | Count | 16759 |
File | |||
With regard to the Korean automotive market,
Korea has a car manufacturer ranked in the top 5 in the world. In addition, Korea has a reputation as a global sourcing country with high technical skills and a major manufacturer of automobile components. For instance, Germany’s Daimler AG (Mercedes Benz) plans to participate in KOAASHOW 2015 as a large booth, organizing a large-scale procurement team, to secure sourcing of Korean suppliers of automobile components. Moreover, Hyundai/Kia Automobile departed from the established/existing structure of exclusive supplier relationship with regard to automobile components. Hyundai/Kia Automobile supported entrance into new international markets by their suppliers of automobile components. Its HQs also expanded global sourcing to automobile components manufactured by competitive foreign suppliers. As a consequence, many Chinese suppliers of automobile components, which are equipped with the technical skills, as well as competitive prices, are expected to enter into the Korean market very soon. |
Prev | Mercedez-Benz participates in KOAASHOW 2015 |
---|---|
Next | Are you looking for suppliers in the Korean autoparts & auto-related Suppliers? |