South Korea is today among the most advanced automobile-producing countries in the world. Korean car brands have been gaining popularity around the world in recent years, thanks to their focus on quality, reliability, and innovation. Some of the most well-known Korean car brands include Hyundai, Kia, and Genesis.
One of the key factors driving the growth of the Korean auto industry is the government's support for the sector. The Korean government has been providing incentives and support for the development of electric and hybrid vehicles, as well as for the expansion of the industry in general. This has helped to attract foreign investment and expand the global reach of Korean car brands.
Another factor contributing to the success of the Korean auto industry is the strong supply chain and infrastructure in the country. Korea has a well-developed network of suppliers and manufacturers, with many of the components and parts for Korean cars produced locally. This has helped to keep costs down and ensure a reliable supply chain for the industry.
Hyundai Motor Group, South Korea's largest car manufacturer, The group was formed through the purchase of 51% of South Korea's second largest car company, Kia Motors, by Hyundai Motor Company in 1998.
Let's take a look, Which car brands are on the list.
Luxury Car Brands
Genesis is the luxury vehicle division of the Hyundai Motor Group. It was initially launched as a standalone brand in 2015, and since then, it has been offering premium luxury vehicles that aim to compete with other luxury car brands such as Mercedes-Benz, BMW, and Audi.
As a relatively new luxury car brand, Genesis has a relatively small market share compared to other established luxury car brands. However, the brand has been growing steadily and has been expanding its presence in various markets around the world.
Mass Market Brands
Hyundai and Kia are both popular car brands in the mass market, and they are known for producing reliable, high-quality vehicles at affordable prices.
In the United States, for example, Hyundai and Kia sold a combined total of over 1.45 million vehicles in 2021, which represents a 9.7% increase compared to the previous year.
- 11967-PresentHyundaiMass-Market Cars
- 21944-PresentKiaMass-Market Cars
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