Korean Automotive FDI in Europe: Patterns, Motivations and Characteristics

Jae Hoon Hyun

Chapter 5 in Korean Automotive Foreign Direct Investment in Europe, 2003, pp 87-118 from Palgrave Macmillan

Abstract: Abstract The accumulation of Korean automotive FDI in Europe is insignificant compared to other established VMs from US and Japan. However, present market involvement by means of export and the growth of the Korean automobile industry in Europe have been remarkable. The share of Korean vehicle exports to Europe rose around five times over the period between 1990 and 1997.1 As a part of its diversification and globalisation processes, the accumulated technology of the European automobile industry and the huge scale of the European motorcar markets have been attractive factors for the Korean VMs. Together with rapidly increased market share in Europe, local production has been considered to be a pending task for the Korean VMs.

Keywords: Korean Company; Automobile Industry; Economic Integration; Trade Flow; Trade Barrier (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51094-4_5

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DOI: 10.1057/9780230510944_5

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