Alex Greenbaum and Ulrika Swanson on the Korean Auto Sector.
Of the many success stories of post-WWII industrialization, the creation of the South Korean (hereafter the Korean) automotive industry is perhaps the most remarkable. It is all the more so when one considers that the industry was created from almost nothing. However, contrary to popular belief in Korea, foreign auto firms and access to foreign markets played key roles in establishing the industry and, today, continue to maintain an ever-increasing role in ensuring its survival.
This study examines the history and growth of the Korean automotive industry. More
importantly, it examines the extensive partnerships in Korea that have been forged between the domestic and foreign automotive industries. These collaborations have helped maintain Korea's success, and have been paramount to the development of its automotive sector.
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