Although South Korea has very few natural resources, the global demand for Korean manufactured goods has been increasing. So what are the most important export products of Made In South Korea?
vehicle
According to the unit output of automobiles, South Korea’s automobile industry is the fifth largest in the world, and according to the volume of automobile exports, South Korea is the fifth largest. Although South Korea’s initial business was to assemble components imported from foreign manufacturers, it is now one of the world’s most progressive car manufacturers.
Auto manufacturers such as Hyundai and Kia account for 12.6% of their total exports, not only demonstrating the country’s capabilities in design, performance, and technology, but also suggesting future development.
Mechanics
In just a few decades, Korean electronics companies have occupied an important share in the global electronics market, rapidly expanding in terms of the size and capacity of facilities, technical expertise and maturity, and their impact on the world market.
Korean companies such as Samsung and LG have established and will continue to establish independent capabilities in a wide range of electronic technology fields, including DRAM (Dynamic Random Access Memory) – South Korea is one of the world’s leading suppliers – SRAM (Static Random Access Memory) and ASIC design methods; Electronic materials and packaging; And the development of key new information technology products such as displays.
Ships and vessels
In the 1970s and 1980s, South Korea became one of the top ship producers, including supertankers and oil drilling platforms. By 2008, the country had become the world’s leading shipbuilder, accounting for 50.6% of the global shipbuilding market.
Famous Korean shipbuilders include Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding and Offshore Engineering Corporation, and the now bankrupt STX Ocean and Shipbuilding Corporation.
pop culture
Although not as influential as some of the other export products on this list in terms of profits, it would be wrong not to consider Korean pop culture, which has been the main driving force of its global economy and fast moving consumer goods industry.
In fact, the success of many Korean products, from fashion to food, largely depends on the so-called “Korean Wave”, a term that refers to the growing global interest in the country’s celebrities, music, television programs, and movies. This cultural phenomenon is also the reason for the significant improvement in South Korea’s national image, which has further affected the number of South Korean exports in the past few years.
Cosmetics
In recent years, Korean cosmetics have become popular all over the world. Driven by the aforementioned Korean wave, women and men worldwide have turned their interests and preferences to Korean skin care and makeup products.