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Assembly line at Hyundai Motor Company car factory in Ulsan, South Korea
The automotive industry in South Korea is the fifth-largest in the world as measured by automobile unit production and also the sixth-largest by automobile export volume.
While its initial operations were merely the assembling of parts imported from foreign companies, South Korea is today among the most advanced automobile-producing countries in the world. Annual domestic output first exceeded one million units in 1988. In the 1990s, the industry manufactured numerous in-house models, demonstrating not only its capabilities in terms of design, performance, and technology, but also signalling its coming of age.
Major South Korean automobile manufacturers include GM Korea, Hyundai Motor Group and its affiliate Kia Corporation, along with Renault Korea.
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