South Korea Autos Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
South Korea Autos Report

The South Korea Automotives Report

The South Korea Automotives Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

Business Monitor International's Korean Automotives Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Korean automotives market.

Key Benefits of Report

Coverage

Executive Summary & Swot Analysis

Summary of BMI's key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local automotives market, economy and business environment.

Regional Overview

Cross-border analysis on the structure, size and value of the automotives sector, including comparative historical data and forecasts on the region’s sales and production figures.

Business Environment Rankings

Comparative guide to the region's business environment, ranking of the regional markets by CBU Output Growth, Vehicle Penetration Potential, Regulation, Market Competition, Economics Risk and Politics Risk. The rankings table provides BMI's view on the competitiveness of the regional markets.

Market Overview

Outlook of local market, commenting on its structure, size and value.

BMI 5-Year Industry Forecast

Historic data series and 5-year forecasts to end- for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including: Total production value (US$bn); total production of units; production by vehicle-type, including cars, commercial vehicles, trucks and buses; total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.

BMI 5-Year Macroeconomic Forecast

BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape

Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.

Company Profiles & SWOTS

Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats)analyses, fully researched senior executives and full contact details, business activity, leading products and services.

South Korea Autos Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Table of Contents

Chapter - Executive Summary

SWOT Analysis
South Korea Auto Industry SWOT
South Korea Political SWOT
South Korea Economic SWOT
South Korea Business Environment SWOT

Chapter - Regional Overview: Recession Reality vs. BMI Scenario

Table: Scenario Model – Cumulative Difference In Vehicle Sales (US$bn) In US Recession Scenario By Market

Chapter - Business Environment Ranking

Table: Business Environment Ratings – Autos Industry Asia Pacific
Production and Sales
Table: South Korea Autos Sector – Historical Data And Forecasts
Trade
Table: South Korea Autos Sector – Historical Data And Forecasts
Economic Contribution
Table: South Korea Autos Sector – Historical Data And Forecasts

Chapter - Macroeconomic Forecast Scenario

Table: South Korea – Economic Activity

Chapter - Competitive Landscape

Market Overview
Domestic Manufacturers
Table: Sales By Domestic Manufacturers 2008*
Dealing With Rising Costs And Falling Sales
Imported Brands
Table: South Korea Imported Vehicle Sales – Top 10 Brands
Table: South Korea Imported Luxury Vehicle Sales
General Motors Asia Pacific Regional Overview
GM Investments In Asia Pacific

Chapter - Company Profiles

Hyundai Motor Corp
Kia
GM Daewoo
Ssangyong Motor
Renault Samsung

Chapter - Country Snapshot: South Korea Demographic Data

Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Wages, 2000-2012

Chapter - BMI Forecast Modelling

How We Generate Our Industry Forecasts
South Korea Autos Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Executive Summary

South Korean vehicle manufacturers became reliant on overseas markets to achieve growth in 2008, as domestic sales fell by 5.1% to 1.15mn units. According to BMI’s recently published South Korea Automotives Report, a 13% drop in sales in December alone suggested that government tax breaks and year-end sales incentives had little impact on spending decisions. The global nature of the automotive industry slowdown was reflected in a 5.7% decline in exports to 2.69mn units. South Korea’s Ministry of Knowledge Economy is forecasting a further 4.1% decline in exports in 2009, while BMI expects a similar sustained downturn for domestic sales, particularly if the economy suffers further from reduced export demand. We expect local sales to fall to around 1.06mn units in 2009.

The country’s largest manufacturer, Hyundai, relied on emerging markets for its growth in 2008. Its Eastern Europe, Middle East and Latin America sales were up by 19.5%, while in China and India, sales rose by 27.1% and 49.6%, respectively. For smaller carmakers unable to diversify away from the domestic slump, the picture was bleaker. Ssangyong Motor has filed for bankruptcy status, despite receiving a handout of US$45mn from Chinese parent Shanghai Automotive Industry Corp (SAIC). The company’s sales fell by 30% year-on-year (y-o-y) in 2008.

Despite the market contraction and the risk to exports from the global slowdown, South Korea retains its third place in BMI’s Business Environment Ratings for the automotive industry in Asia Pacific on 64.2 of a possible 100. Historically poor labour relations weigh on the country’s overall rating, although longterm political and economic stability reduce the risk to returns. Free trade agreements add to South Korea’s sound regulatory environment, although there is room for improvement if a deal with the US can be ratified and negotiations with the EU prove fruitful.

While domestic manufacturers look overseas for growth, imported brands continue to perform well in South Korea. The German and Japanese dominance of the imported vehicle market continues. However, there has been a change in leadership of the imported brands, with Honda coming through from third in 2007 to take the lead in 2008 with a sales increase of almost 74% y-o-y. However, German manufacturers still account for three of the top five companies, as BMW, Mercedes-Benz and Volkswagen (which overtook its premium subsidiary Audi in 2008) claim a 33.68% share between them. Lexus dropped to fourth on the back of a 19.35% decline in sales. The results still show a continued focus on the luxury segment for overseas manufacturers, with three out of the top five brands competing in the premium segment.

List of Ranked Companies

Rankings and Competitive Landscapes by production and sales; market share and change on previous year; number of employees, ownership structure and year established. Also includes analysis of company expansion, export and investment strategies.

* Astra International
* Audi
* BMW
* Daihatsu
* Ford
* Honda
* Hyundai
* Kia
* Maruti Udyog
  * Mazda
* Mercedes
* Michelin
* Nissan
* Perodua
* Proton
* Tata Motors
* Toyota
* Volkswagen
List of Sources

BMI's Asian Automotives Reports are based on an extensive network of multilateral organisations, government departments, automotive industry associations, chambers of commerce and company reports. Information sources include:

* ASEAN Auto Parts Portal
*
Automotive News
*
Business Monitor International, London
*
China Association of Automobile Manufacturers
*
Department of Trade & Industry, Philippines
* Financial Times
* Hong Kong Auto Parts Industry Association
* International Organisation of Motor Vehicle Manufacturers (OICA)
* Japan Automobile Manufacturers Association
* Korea Automobile Manufacturers Association
  * Malaysian Automotive Association
* Ministry of Transportation & Communications, Taiwan
* Motor Traders Association of Singapore
* Murad Ali Baig Associates, India
*
Pakistan Automotive Manufacturers Association
* Society of Indian Automobile Manufacturers
* Taiwan Transporation Vehicle Manufacturers Association
* TDC Trade, Hong Kong
* Vietnam Automobile Manufacturers' Association - VAMA
*
Vietnam Ministry of Investment
South Korea Autos Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Read about our other Autos Reports

Africa

Egypt, Nigeria and South Africa

Asia

Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, Taiwan, Thailand and Vietnam

Europe

Bulgaria, Croatia, Czech Republic, Estonia, France, Germany, Greece, Hungary, Italy, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Spain, Tajikistan, Turkmenistan, Ukraine, United Kingdom and Uzbekistan

Latin America

Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela

Middle East

Bahrain, Iran, Israel, Kuwait, Saudi Arabia, Turkey and United Arab Emirates

North America

Canada and United States
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