본문으로 바로가기

World Economy Brief

PUBLISH

To list

Driving Forward: Strategies for Korea-South Africa Cooperation in the Automotive Industry

  • Author Seoni HAN
  • Series24-33
  • Date2024-09-25

This study examines strategies to enhance economic cooperation between Korea and Africa in the value chains of the automotive industry with a focus on South Africa, the most advanced economy in the sub-Saharan Africa. South Africa has the largest automobile market in Africa, and its automotive industry has become the country’s largest manufacturing sector, contributing 4.9% to GDP and 21.7% to the manufacturing output.


Korea, the world’s fifth largest car producer, can strengthen ties with South Africa by supporting development of regional value chains of the automotive industry with policy advice and technical support. Cooperation can also focus on expanding Korean automobile companies’ production capacity to increase brand awareness and market share in South Africa and neighboring sub-Saharan countries, improving productivity and efficiency to boost the competitiveness of South Africa’s automotive industry, and strengthening the local production value chains in a more environmentally friendly way.

File

Prev Next List

공공누리 OPEN / 공공저작물 자유이용허락 - 출처표시, 상업용금지, 변경금지 공공저작물 자유이용허락 표시기준 (공공누리, KOGL) 제4유형

대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조