Korea Local Production in Automotive Parts Industry

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In 2003, Korea manufactured 3.2 million units of automotive vehicles which accounted for 5.5% of the global automotive production volume, while ranked 6th largest following the U.S., Japan, Germany, China and France. The production volume is forecast to reach 3.4 million in 2004, up 7%, mostly stimulated by recovering domestic demand and aggressive export plan of Korean automotive OEMs.

 

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