Rus News Journal

Plans of South Korean motor-car manufacturers

Samsung it is ready to let out cars

According to newspaper Handelsblatt, South Korean motor-car manufacturers at the expense of substantial growth of volumes of output are going to undertake large-scale approach in the internal and world markets. Thanks to considerable investments (nearby DM15,5 mlrd) and to sharp increase in capacities by 2000 volumes of South Korean manufacture of cars should increase in 2 times and make about 5 million cars a year.

In the near future concern Samsung making mainly electronics, and also cargo and specialised cars, will start release of automobile models. Such decision is not casual - according to experts Korea Development Bank, within the next three years the annual increase in sales volumes of cars in the country will make 9 %, and growth of export deliveries - 12 %. By 2000 Hyundai concern plans to make 2 million cars a year (in 1993 - 1,2 million). Two new factories on manufacture of cars (in 1997 - capacity of 300 thousand cars in a year, in 2000 - 500 thousand) will be for this purpose constructed And one - on release of trucks (in 1995, 70 thousand cars). Kia concern/ Asia for the same period plans to increase manufacture from 0,9 million to 1,8 million cars year, and Daewoo concern - from 500 thousand to 1 million pieces a year. Besides, company Sangyong, the South Korean partner of concern Mercedes - Bånz, intend to construct by 1997 factory in Dajsune on manufacture automobile and lorries with annual production rate in 30 thousand pieces.
however the Korean automobile concerns should solve a number of problems on improvement of quality of the models and perfection of a technological level of production. In 1993 South Korean motor-car manufacturers invested in scientifically - technological projects about 2,2 % of profit. During the current year for these purposes should be spent nearby DM1,3 mlrd that will make 4 % from expected profit.
besides, autoconcerns will give particular attention to development of cooperation with the Korean manufacturers of accessories for assemblage of cars. In 1993 manufacturers of accessories have increased deliveries of production to home market to 15 % (to $11,5 mlrd). Export of a South Korean complete set has grown on 7 % in comparison with 1992. At the same time import of automobile accessories to South Korea has increased by 13 % (to $1,6 mlrd). About 70 % of deliveries it was necessary on a share of Japan. The Korean automobile industry needs more progressive assembly technologies as labour productivity on the Korean car factories makes only 50 % in comparison with similar Japanese indicators.