Manufacturing in South Korea

[9] Hyundai Merchant Marine remains eighth in the world with a 3.1% share in the global container market.

The total export of Korean drugs sold in 188 countries in 2016 was $3.12 billion, an increase of 6% compared to 2015.

South Korea is a global biopharmaceutical powerhouse with human resources and infrastructure equipped with clinical research capabilities and IT platforms.

[11] President Yoon Suk Yeol announced goal to raise the production volume of the bio industry to 200 trillion won by 2035.

[13] South Korean petrochemical companies raised their forecast for Ethylene production capacity in 2018 to 14.03 million tons by 2023 through a series of investment plans based on their positive performance in recent years to maintain their competitiveness in the global market.

In addition to automobile production, parts, materials, sales, repair, and service utilization play a pivotal role in the South Korean economy.

Currently, South Korea has developed a three-stage Korean rocket (Nuri) and launched a 1.5-ton application satellite at an altitude of about 600-800 kilometers into solar synchronous orbit.

In addition, South Korea is pushing to expand its foundry market share based on ultra-fine processing technology.