Extra! Korea

May 8, 2009

Are some of Korea’s automakers destined to die off?

Filed under: economics — extrakorea @ 12:21 pm

According to this article, experts believe that only five or six of the world’s top automakers are destined to survive.

Experts say it is impossible for all of Korea’s five carmakers to stay alive. Apart from Hyundai-Kia, the other carmakers face uncertainties over the long term in terms of their capacity to develop new models and maintain sales volume. As a result, experts are starting to forecast the eventual reorganization of the Korean car industry into Hyundai-Kia and one other firm.

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