1、 _ 2024/SOM2/AD/014 Agenda Item:3.8 Updates on the Korean Automobile Industry Purpose:Information Submitted by:Korea 39th Automotive Dialogue Arequipa,Peru 9-10 May 2024 UPDATES ON THEUPDATES ON THEKOREAN AUTOMOBILE INDUSTRYKOREAN AUTOMOBILE INDUSTRYJeehan Lee,DirectorKorea Automobile&Mobility Assoc
2、iation(KAMA)Status of the Korean Automobile Market Status of the Korean Automobile Market-Contribution to the Korean Economy-2023 Results and 2024 Forecast(Production,Domestic Sales and Exports)Auto Industrys Contribution to the Korean EconomyAuto Industrys Contribution to the Korean Economy The Kor
3、ean auto industry:12.1%of manufacturing production 11.3%of manufacturing jobs in 202214.8%of total exports in 2023 Supported 1.9 million jobs directly/indirectly=7.1%of total employment(in 2021)Production(12.1%)Manufacturing IndustryU$2,074 BillionU$250 BillionEmployment(11.3%)336 thousand jobsManuf
4、acturing Industry3 million jobsU$94 BillionTotal ExportsU$632 BillionExports(14.8%)2023 Auto Industry Overview2023 Auto Industry Overview Production:rose by 13.0%to 4.2 mil.units with fast recovery from the chip shortage Domestic sales:increased by 3.9%to 1.7 million units thanks to pent-up demand E
5、xports:soared by 20.3%to 2.8 million units,propelled by upbeat sales of SUV and Eco-cars to the U.S.and EU markets202120222023YoY(%)YoY(%)YoY(%)Production3,462-1.33,7578.54,24413.0Domestic Sales1,735-91,684-2.91,7403.9LocallyProduced1,425-11.11,372-3.71,4535.9Imported3091.93110.6296-4.7Export2,0418.
6、22,30012.72,76620.3(unit:thousand)3,950,614 3,506,774 3,462,499 3,757,049 4,243,597 1,795,134 1,905,972 1,734,581 1,684,113 1,739,249 2,401,382 1,886,683 2,040,572 2,300,333 2,766,271 0500,0001,000,0001,500,0002,000,0002,500,0003,000,0003,500,0004,000,0004,500,00020192020202120222023ProductionDomest