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Automotive Industry in Korea, Malaysia and Thailand - Review and Advice

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Essay / Research Paper Abstract

This 6 page paper looks at the condition of the automotive industries in South Korea, Malaysia and Thailand, looking at the way in which they are performing as well as the general conditions of the industries. Following the examination of the conditions within the country advice is given discerning potential future strategies will support of the automotive industries. The bibliography cites 6 sources.

Page Count:

6 pages (~225 words per page)

File: TS14_TEautokorea.rtf

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Unformatted sample text from the term paper:

industry. For many countries the automotive industry is a key element of their economy, and seen as a strategically important factor by government. This is the case for Korea, Malaysia and Thailand. When looking at the position of the automotive industry in each of these countries, including the aims and goals for the industry set by government there are both similarities and differences, and the environment as well as performance can be considered in order to determine the best potential future strategies for the industries in each individual country. The automotive industry in Korea is very important, it is the fourth-largest automotive producer in the world when measured in terms of volume, and in terms of exports it is the sixth largest (KAMA, 2010). This demonstrates the importance of the industry, and its achievement of the goal set out in 2005 (Frost and Sullivan, 2005). The industry in South Korea started out mainly as an assembly operation, importing the majority of parts from Japan, as well as the US, and expanded form a basis into a fully functioning and integrated automotive industry. When looking at the production within the country it is possible to see that there has been a significant growth, that the economic conditions of also need to define which started in 2008 but has gone on into 2009. Table 1 Automotive production in Korea (KAMA, 2010). Classification Total Passenger Cars Buses Trucks SPVs MPVs 2003 3,177,870 2,767,716 942,538 167,506 229,289 13,359 2004 3,469,464 3,122,600 1,068,932 126,497 209,591 10,776 2005 3,699,350 3,357,094 1,162,481 115,015 216,656 10,585 2006 3,840,102 3,489,136 1,190,662 110,760 227,674 12,532 2007 4,086,308 3,723,482 1,214,042 109,370 240,381 13,075 2008 3,826,682 3,450,478 1,014,862 123,855 240,412 11,937 2009 3,512,926 3,158,417 783,548 108,857 ...

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