According to the Korea Automobile Manufacturers Association (KAMA), vehicle sales in 2013 contracted 1.9%, to 1,383,358 units. This was in line with our bearish outlook on the market, given that we too were forecasting sales to contract 1.2%, to 1.39mn units.

BMI Industry View 7

SWOT 8

Political 10

Economic 11

Business Environment 12

Industry Forecast 13

Production, Sales And Trade 13

      Table: South Korea Auto Sales, 2012-2018 16

      Table: South Korea Auto Production, 2012-2018 16

      Table: Trade, 2012-2018 17

Macroeconomic Forecasts 20

Strong Downside Pressures in 2014 21

Expenditure Breakdown 23

Private Consumption 23

Government Consumption 23

Investment 23

Net Exports 23

      Table: South Korea - Economic Activity 24

Industry Risk Reward Ratings 25

Asia Pacific - Risk/Reward Ratings 25

      Table: Asia Pacific Autos Risk/Reward Ratings 28

Competitive Landscape 29

      Table: Ranking Of World Tyre Manufacturers (2012 Sales) 32

Company Profile 35

Company Monitor 35

Hyundai Motor 38

Kia Motors 41

Ssangyong Motor 43

Renault Samsung Motors 44

Regional Overview 45

      Table: Vehicle Sales 2013 (CBUS) 45

Global Industry Overview 50

      Table: Passenger Car Sales November 2013 (CBUs) 50

Europe On Road To Recovery 50

Tax Hike Skews Japan's Outlook; US Hits Sweet 16 52

China Is BRIC Bright Spot 54

Demographic Forecast 57

Demographic Outlook 57

      Table: South Korea's Population By Age Group, 1990-2020 ('000) 58

      Table: South Korea's Population By Age Group, 1990-2020 (% of total) 59

      Table: South Korea's Key Population Ratios, 1990-2020 60

      Table: South Korea's Rural And Urban Population, 1990-2020 60

Methodology 61

Industry Forecasts 61

Sector-Specific Methodology 62

Sources 62

Risk/Reward Ratings Methodology 63

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 64

冶金工业信息标准研究院