Automotive Industry
Vision and Development Strategy
| Creating an eco-friendly smart car center city to lead the future of the automotive Industry | |||
|---|---|---|---|
| Stage | 1st stage (2019~2020)<Building foundation for future automotive industry> | 2nd stage (2021~2025)<Vitalization of future automobile industry> | 3rd stage (2026~ )<Expansion of future automobile industry> |
| Goal | Establishment of automobile assembly plant | Production increase of finished automobiles | Entry into global market |
| Attracting overseas companies | Fostering finished automobiles and parts companies | Fostering finished automobiles and parts companies | |
| Job creation | Fostering finished automobiles and parts companies | Fostering finished automobiles and parts companies | |
Scale and Status of Automobile Production in Gwangju
Gwangju has a production capacity of 620,000 units, the second-largest automobile production capacity in Korea.
- Gwangju accounts for 620,000 units (13.5%) of the 4,589,000 domestic production capacity* The 50-year tradition of Gwangju automobile industry (established Asia Motors in '65 and acquired Hyundai Motor in '98)
Gwangju automotive industry is the largest flagship industry among Gwangju manufacturing industries.
- Accounted for 41.3% (13.4 trillion won) sales, 12.3% total companies (152 companies), 23.7% number of employees (16,000 employees)
- Status of sales, number of companies, employees, production amount and added value
(Unit: each, persons, 100 million KRW, %)
| Classification | SalesAmount / (%) | Numberof companies / (%) | Numberof employees / (%) | Addedvalue / (%) |
|---|---|---|---|---|
| GwangjuManufacturing Industry | 325,467/ 100% | 1,239/ 100% | 66,255/ 100% | 105,223/ 100% |
| Automobile(parts) | 134,520/ 41.3% | 152/ 12.3% | 15,704/ 23.7% | 41,407/ 39.4% |
* Source: Statistics Korea survey on mining and manufacturing (As of 2017, businesses with 10 workers or more)
Gwangju’s largest export industry, accounting for 40.7% of total manufacturing exports.
- Export status
(Unit: each, persons, 100 million KRW, %)
| Classification | 2013 | 2014 | 2015 | 2016 | 2017 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Amount | Importance | Amount | Importance | Amount | Importance | Amount | Importance | Amount | Importance | ||
| AllGwangju | 15,868 | - | 16,258 | - | 15,305 | - | 14,699 | - | 14,951 | - | |
| AutomobileIndustry | 5,689 | 40.8 | 6,628 | 41.0 | 6,278 | 42.0 | 6,175 | 40.7 | 6,086 | 40.7 | |
| Automobiles | 5,446 | 38.7 | 6,291 | 39.2 | 6,007 | 40.2 | 5,904 | 39.2 | 5,867 | 39.2 | |
| Parts | 243 | 2.1 | 337 | 1.8 | 271 | 1.8 | 271 | 1.5 | 219 | 1.5 | |
* Source: Korea International Trade Association Import and Export of local governments (2017; <MTI 741 automobiles, 742 automobile parts> ) * 27 primary automotive parts suppliers, 3.2% of the total (851 companies) in Korea
Gwangju Automobile Production
(Unit: number of vehicles)
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|
| 479,880 | 538,896 | 533,483 | 498,680 | 492,233 | 455,252 |