Description
The South Korean Automotive Industry is faced with mixed business conditions.Key policy challenges that the automotive industry participants are expected to faced with are–energy security and its implications on the automotive industry, policy initiatives to up the public transport commuting,Kyoto Protocol commitments, and the new proposed ELV law.Policy drivers for the industry are-financial incentives for higher R&D expenditure,incentives for operating in auto clusters,FTZs and FEZs,and government’s drive for greater trade liberalization.This Country Industry Forecast service gives an in-depth analysis of the key political,policy and regulatory changes having an impact on the growth prospects of the South Korean Automotive Industry.
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