ihs automotive - sae international2013 edition 4 © 2013 ihsihs automotive supplierbusiness | the...
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SupplierBusiness
The South Korea Automotive Supplier Report
2013 edition supplierbusiness.com
Regional Report
IHS Automotive
FINANCIAL ADVISORS WITH DEEP AUTOMOTIVE INSIGHTS
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2013 edition 3 © 2013 IHS
IHS Automotive SupplierBusiness | The South Korea Automotive Supplier Report
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ContentsOverview of Macro Economic Situation ...................................................................................................................... 6Planned Investment in Infrastructure Development Projects ................................................................................... 7National Automotive Policy & Plans ............................................................................................................................. 8
Tax Structure ................................................................................................................................................................ 9Non-Tariff Barriers ..................................................................................................................................................... 12
Regulations: Emissions & Safety ................................................................................................................................ 12Manufacturing Advantage ........................................................................................................................................... 13Overview of Automotive Industry & Supply Chain .................................................................................................... 14
Structure of Automotive Industry ............................................................................................................................ 14Production in 2012 & Forecasts ............................................................................................................................... 17Export Destinations & Trends .................................................................................................................................. 18Manufacturing Presence of OEMs & Production Bases ....................................................................................... 20Investments by OEMS ............................................................................................................................................... 22
Overview of Vehicle Component Industry ................................................................................................................. 23Investments by Vehicle Component Suppliers ...................................................................................................... 24
List of Joint-ventures and Mergers & Acquisitions in 2012/2013 ............................................................................ 25OEM Supplier Relationship ......................................................................................................................................... 25
Involvement of Automakers in Supplier Development .......................................................................................... 26Technology Trends .................................................................................................................................................... 26Cluster Development ................................................................................................................................................. 26R&D Capabilities ........................................................................................................................................................ 28
Opportunities, Challenges & Future Outlook ............................................................................................................ 29Supplier Profiles ............................................................................................................................................................ 31
ACS .............................................................................................................................................................................. 31Atlas BX ....................................................................................................................................................................... 33Austem ........................................................................................................................................................................ 36Autoliv Korea .............................................................................................................................................................. 39Central Corporation .................................................................................................................................................. 41Continental Automotive Electronics ....................................................................................................................... 43Daehan Solution ......................................................................................................................................................... 46Daesung Electric ........................................................................................................................................................ 48Daesung Eltec ............................................................................................................................................................ 50Daewon Kang Up ....................................................................................................................................................... 52DAS .............................................................................................................................................................................. 55Dayou A-Tech ............................................................................................................................................................. 58DBI ............................................................................................................................................................................... 60Denso PS..................................................................................................................................................................... 62DIC ............................................................................................................................................................................... 64Dongah Tire & Rubber ............................................................................................................................................... 67Dongbo Industrial ...................................................................................................................................................... 69Dongyang Mechatronics ........................................................................................................................................... 71DRB Holding ............................................................................................................................................................... 74Duck Il Industry .......................................................................................................................................................... 76
2013 edition 4 © 2013 IHS
IHS Automotive SupplierBusiness | The South Korea Automotive Supplier Report
FiguresFigure 1: South Korea GDP Growth (1997–2013E) ....................................................................................................... 6Figure 2: South Korea - Automotive Imports by Area (unit: US$1,000) .................................................................. 10Figure 3: Market Share among Imported Brands in South Korea (2012) ............................................................... 11Figure 4: South Korean Vehicle Production by Maker (units) .................................................................................. 15Figure 5: South Korea Automotive Parts Sales (2012) .............................................................................................. 16Figure 6: South Korean Vehicle Production, Sales & Export (units) ....................................................................... 17Figure 7: Market Share of Top 10 Best-selling Vehicles in South Korea (2012) ..................................................... 18Figure 8: South Korea’s Top Ten Export Markets (2012) .......................................................................................... 18Figure 9: South Korea Vehicle Export by Carmaker (units) ..................................................................................... 19Figure 10: Automotive Parts Exports (2011)............................................................................................................... 19Figure 11: Kia Sales Breakdown by Region ............................................................................................................... 20Figure 12: Hyundai Vehicle Exports by Destination .................................................................................................. 20Figure 13: Domestic Market Share by Sales (2012) .................................................................................................. 21Figure 14: Breakdown of South Korean Vehicle Production (2011)......................................................................... 22
Duckyang Industry .................................................................................................................................................... 78Ecoplastic ................................................................................................................................................................... 80Frixa ............................................................................................................................................................................. 83Halla Visteon Climate Control .................................................................................................................................. 85Hanil E-Hwa ................................................................................................................................................................ 89Hanil Precision ........................................................................................................................................................... 93Hankook Tire .............................................................................................................................................................. 95Heesung Catalysts ................................................................................................................................................... 100Hwashin .................................................................................................................................................................... 102Hyosung Corporation .............................................................................................................................................. 105Iljin Global ................................................................................................................................................................. 109INFAC Corporation ...................................................................................................................................................111Inzi Controls ..............................................................................................................................................................114Jico .............................................................................................................................................................................117Kiswire .......................................................................................................................................................................119KM&I .......................................................................................................................................................................... 122KOMOS ...................................................................................................................................................................... 124Korea Flange ............................................................................................................................................................ 126Kumho Tire ............................................................................................................................................................... 129Kyung Chang Industrial........................................................................................................................................... 132Kyung Chang Wiper ................................................................................................................................................. 134Kyungshin Corporation ........................................................................................................................................... 136Leehan Corporation ................................................................................................................................................ 139LG Chem ................................................................................................................................................................... 141Mando Corporation ................................................................................................................................................. 144Nexen Tire ................................................................................................................................................................. 150Pyeong Hwa Automotive ......................................................................................................................................... 153Robert Bosch Korea ................................................................................................................................................ 157Shinhan Valve Industrial ......................................................................................................................................... 159Sungwoo Automotive .............................................................................................................................................. 161Sungwoo Hitech ....................................................................................................................................................... 163THN Corporation ...................................................................................................................................................... 167Unick Corporation ................................................................................................................................................... 169Wooshin Corporation .............................................................................................................................................. 171Yoosung Enterprise ................................................................................................................................................. 173Yura Corporation ..................................................................................................................................................... 176
2013 edition 5 © 2013 IHS
IHS Automotive SupplierBusiness | The South Korea Automotive Supplier Report
Figure 15: Automotive Parts Clusters in South Korea .............................................................................................. 27Figure 16: South Korea Vehicle Production Forecast 2013–2016 ........................................................................... 30
TablesTable 1: Special Excise Tax Rates and Other Vehicle Taxes ...................................................................................... 9Table 2: Annual Automotive Tax Rates for Personal Use Vehicles ......................................................................... 10Table 3: Automotive Import Duties ............................................................................................................................. 11Table 4: Top Ten Import Vehicle Sales by Model in South Korea (2011) ................................................................. 12Table 5: Fuel-Efficiency Grades .................................................................................................................................. 13Table 6: Comparison of Key Manufacturing Indicators ........................................................................................... 14Table 7: Shareholdings in Carmakers in South Korea .............................................................................................. 15Table 8: Size of Tier-one Automotive Suppliers in South Korea: ............................................................................ 16Table 9: Carmakers’ Plants in South Korea & Production Capacities .................................................................... 20Table 10: Carmakers in South Korea and Number of Suppliers: ............................................................................ 21Table 11: Planned New Car Models in South Korea .................................................................................................. 23Table 12: Top 10 Automotive Lithium Ion Battery Makers (ranked by strategy and execution): ......................... 26Table 13: Carmaker’s Plant Locations ........................................................................................................................ 26Table 14: Who Supplies Whom .................................................................................................................................... 28