Manufacturers of South Korea are
one of the most potential competitors in the world. South Korea is one of
the largest manufacturing countries in the world. South Korean manufacturers
are the global leaders in manufacturing of LCDs, memory chips and smart phones.
Manufacturers of South Korea are the world’s largest shipbuilders and they are
the largest automobile manufacturers. South Korean manufacturers largely
exports finished products such as electronics, semiconductors, LCD panels,
mobile phones, computers, accessories, television sets and motor vehicles. South
Korean manufacturers have strong manufacturing foundation.
South Korea has many advantages
in manufacturing industry. Their average manufacturing wages is less than half
of United States. Manufacturers of South Korea have well-educated and skilled
workforce with less cost to company. South Korean manufacturers deliver higher
productivity because of reduction in labour costs. Japanese auto makers started
importing more South Korean products because of its better quality and cheaper
than China. South Korean manufacturers are one among the innovation leaders in
the world. The government offers manufactures the favorable industrial policy
and growth in free trade agreements.
Manufacturers of South Korea
have few complexities in registration, notification, licensing and approval
requirements. South Korean manufacturers depend on exports for their growth. Since
they rely on exports, global economic crisis will affect their growth. South
Korea’s regulatory environment is the most significant disadvantage of
manufacturers. And they suffer by scarcity of natural resources and
overpopulation. Though having some disadvantages South Korean manufacturers are
still successful in global market. In Bizbilla.com business people can get full
list of manufacturers from South Korea.