‘Flattish’ growth in 2018 the most optimistic outlook for Korean auto industry

With uncertainty around changing trade policies and a saturated light vehicle market, South Korean manufacturers are exploring new options to secure growth in 2018. Freddie Holmes talks to JunHong Park, Director, Corporate Ratings, Asia Pacific at S&P Global

With both domestic sales and exports of light vehicles declining at the end of 2017, stakeholders in South Korea’s automotive industry will be looking for recovery as opposed to more of the same in 2018. Unfortunately, there are a number of hurdles to ensuring positive growth returns, and domestic brands Hyundai and Kia may suffer.

JunHong Park, Director, Corporate Ratings, Asia Pacific at S&P Global, speaks to Automotive World about this in greater detail….

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