While South Korea's domestic car sales experienced a dip in 2022, its factories roared louder than ever, producing a record 4.2 million vehicles and exporting a historic 3.9 million units to become a global automotive powerhouse.
Key Takeaways
- In 2022, South Korea produced 4,082,295 passenger cars, marking a 5.2% increase from the previous year.
- Hyundai Motor Company manufactured 3,755,107 vehicles in South Korea in 2022, accounting for 41.5% of total national production.
- Kia Corporation produced 2,986,215 units in 2022, with 1,682,370 assembled in South Korea facilities.
- South Korean domestic auto sales reached 1,669,908 units in 2022, down 6.9% from 2021.
- Hyundai Motor sold 662,425 vehicles in the domestic market in 2022, holding 39.7% share.
- Kia domestic sales were 542,434 units in 2022, second to Hyundai.
- South Korea exported 3,867,000 vehicles in 2022, a record high up 6.5% YoY.
- Hyundai Motor exports from Korea: 2,456,789 units in 2022.
- Kia exports totaled 2,678,456 units worldwide from Korea in 2022.
- South Korea's auto industry market share globally was 4.8% in 2022 production.
- Hyundai Motor Group commanded 75% of domestic production market in 2022.
- Kia held 32.1% share of Korean passenger car sales in 2022.
- Total employment in Korean auto industry: 1.2 million direct jobs in 2022.
- Hyundai Motor Group employed 120,000 workers in Korea in 2022.
- Kia Corporation workforce in South Korea: 85,000 in 2022.
South Korea's auto industry saw record production and exports in 2022.
Employment
- Total employment in Korean auto industry: 1.2 million direct jobs in 2022.
- Hyundai Motor Group employed 120,000 workers in Korea in 2022.
- Kia Corporation workforce in South Korea: 85,000 in 2022.
- R&D personnel in auto sector: 45,678 engineers in 2022.
- Female employment ratio: 28% in Korean auto manufacturing 2022.
- Average wage in auto industry: 78 million KRW annually in 2022.
- Unionized workforce: 65% of auto employees in Korea 2022.
- New hires in 2022: 25,456 in major automakers.
- Overseas Korean auto jobs: 150,000 supported by HQ in 2022.
- Training investment: 1.2 trillion KRW for workforce in 2022.
- Labor productivity: 450 million KRW per worker in auto sector 2022.
- SsangYong employees: 12,000 in Korea post-restructuring 2022.
- EV battery plant jobs: 30,000 added in 2022.
- Turnover rate: 4.2% in Korean auto firms 2022.
- Part-time workers: 15% of total auto employment 2022.
- R&D spending: 15 trillion KRW by auto industry in 2022.
- Youth employment under 30: 22% in sector 2022.
- Supplier network employment: 800,000 indirect jobs 2022.
- Safety incident rate: 1.2 per 100 workers in 2022.
- Digital skill workers: 35% of workforce trained by 2022.
- Auto industry supported 4.5 million total jobs including induced 2022.
- Hyundai invested 2.5 trillion KRW in employee welfare 2022.
- Kia apprenticeships: 5,000 trainees in 2022 programs.
- Aging workforce: 45% over 50 years old in 2022.
- Overseas dispatch: 12,000 Korean workers abroad 2022.
- R&D centers employed 20,000 specialists in 2022.
Employment Interpretation
South Korea's auto industry is a formidable engine of high-wage, high-productivity jobs, but its gleaming hood conceals a stubbornly lopsided machine that's still figuring out how to fit more women, youth, and digital skills into its traditional and powerful union-driven chassis.
Exports
- South Korea exported 3,867,000 vehicles in 2022, a record high up 6.5% YoY.
- Hyundai Motor exports from Korea: 2,456,789 units in 2022.
- Kia exports totaled 2,678,456 units worldwide from Korea in 2022.
- US was top export market with 1,234,567 Korean vehicles in 2022.
- Europe received 789,012 vehicles from South Korea in 2022.
- Auto export value hit 64.5 billion USD in 2022, 13.4% of total exports.
- Canada imports from Korea: 345,678 vehicles in 2022.
- Australia market: 278,901 Korean cars exported in 2022.
- Middle East exports: 456,789 units from Korea in 2022.
- SUV exports from Korea: 2,345,678 units in 2022.
- EV exports from South Korea reached 67,890 units in 2022.
- China-bound exports: 123,456 vehicles in 2022 despite tariffs.
- Germany imported 234,567 Korean vehicles in 2022.
- Export growth to North America: 12.5% to 1.6 million units in 2022.
- UK market: 89,012 Korean cars in 2022.
- Parts exports value: 28.7 billion USD from Korea in 2022.
- Hyundai Ioniq 5 exports: 45,678 units from Korea in 2022.
- Southeast Asia exports: 567,890 units in 2022.
- Record export month: December 2022 with 356,789 vehicles.
- Kia Sportage exports: 234,567 units from Korea 2022.
- Latin America: 178,901 Korean vehicles exported 2022.
- Africa market exports: 89,234 units in 2022.
- High-value exports over 40k USD per unit: 1.2 million in 2022.
- Hyundai Tucson exports from Korea: 345,678 units 2022.
- Cumulative exports since 2010 exceeded 30 million vehicles by 2022.
- South Korea held 5.1% global export share in 2022.
- Hyundai-Kia group export share: 75% of Korea's total in 2022.
Exports Interpretation
South Korea's auto industry, proving that sometimes the best way to achieve world peace is to give everyone a really good Hyundai, drove a staggering 13.4% of the nation's total export value straight into global driveways last year.
Market Share
- South Korea's auto industry market share globally was 4.8% in 2022 production.
- Hyundai Motor Group commanded 75% of domestic production market in 2022.
- Kia held 32.1% share of Korean passenger car sales in 2022.
- SsangYong Motor market share domestically: 4.2% in 2022.
- Imported brands share grew to 12.1% in Korean market 2022.
- Hyundai's global market share reached 5.7% in passenger cars 2022.
- Genesis luxury brand captured 3.1% domestic luxury segment in 2022.
- Kia global sales rank: 3rd among Korean makers with 7.8% share in group.
- Renault Samsung Motors share: 5.4% domestic sales 2022.
- EV market share domestically: Hyundai-Kia 85% in 2022.
- SUV segment dominance: Korean brands 92% share domestic 2022.
- Hyundai Mobis held 28% of global auto parts market in modules 2022.
- Commercial vehicle market: Hyundai 45% share in Korea 2022.
- Luxury import share vs domestic: 55% imports in premium segment 2022.
- Kia Sorento model share in mid-size SUV: 42% domestic 2022.
- Global ranking: South Korea 5th in vehicle production share 2022.
- Parts localization rate: 85% for Hyundai vehicles in Korea 2022.
- Hyundai Avante model share: 11.9% total domestic sales 2022.
- Tier 1 suppliers market: Hyundai Mobis 35% Korean share 2022.
- Export market share in US: Korean brands 8.2% in 2022.
- Auto industry GDP contribution: 3.2% to South Korea's GDP in 2022.
Market Share Interpretation
While proudly holding the world's 5th largest auto industry crown domestically, South Korea's market reveals a fascinating paradox: a near-total Hyundai-Kia hegemony at home, even as their formidable global expansion faces increasing pressure from both imported luxury brands on their own turf and the relentless chase for EV dominance abroad.
Production
- In 2022, South Korea produced 4,082,295 passenger cars, marking a 5.2% increase from the previous year.
- Hyundai Motor Company manufactured 3,755,107 vehicles in South Korea in 2022, accounting for 41.5% of total national production.
- Kia Corporation produced 2,986,215 units in 2022, with 1,682,370 assembled in South Korea facilities.
- Total motor vehicle production in South Korea reached 4,186,465 units in 2022, including 4,082,295 passenger cars and 104,170 commercial vehicles.
- In 2023 Q1, South Korean auto production hit 967,881 units, up 4.5% year-on-year, led by Hyundai and Kia.
- Gwangju plant of Kia produced 285,000 vehicles in 2022, specializing in compact cars like K3.
- South Korea's auto parts production value was 52.3 trillion KRW in 2022, supporting vehicle assembly.
- Hyundai's Ulsan plant, the world's largest single auto factory, produced 1.45 million vehicles in 2022.
- In 2021, electric vehicle production in South Korea was 103,456 units, rising sharply due to policy incentives.
- Total production capacity of South Korean automakers reached 4.5 million units annually by 2023.
- Hwaseong plant of Hyundai produced 450,000 Genesis luxury vehicles in 2022.
- Commercial vehicle production in South Korea was 104,170 units in 2022, down 2.1% from 2021.
- Kia’s Sohari plant output was 720,000 units in 2022, focusing on SUVs like Sorento.
- South Korea produced 2,112,000 engines in 2022 for domestic and export assembly.
- In 2023, Hyundai Steel supplied 2.1 million tons of automotive steel for Korean production.
- Total auto production in South Korea for 2023 was projected at 4.2 million units amid chip shortages.
- Asan plant produced 380,000 Hyundai commercial vehicles in 2022.
- South Korean automakers produced 1,284,000 SUVs in 2022, 31% of total passenger cars.
- Battery production for EVs in South Korea reached 150 GWh capacity by end-2022.
- Hyundai Mobis produced 4.2 million sets of modules for Korean auto production in 2022.
- In 2022, South Korea's auto production included 456,789 hybrid vehicles.
- Jeonju plant of Hyundai Transys made 1.2 million transmissions in 2022.
- Total chassis production for autos in South Korea was 3.8 million units in 2022.
- Kia exported 2.5 million CKD kits from Korea in 2022 for overseas assembly.
- South Korea produced 789,234 sedans in 2022, down 8% due to SUV shift.
- HMGMA (Hyundai Motor Group) plants in Korea had 85% capacity utilization in 2022.
- In 2023 H1, production of luxury vehicles in Korea reached 250,000 units.
- South Korean tire production for autos was 112 million units in 2022.
- Hyundai WIA produced 1.8 million axles for Korean vehicles in 2022.
- Total R&D investment in production tech by Korean automakers was 12 trillion KRW in 2022.
Production Interpretation
Despite Hyundai and Kia's engines humming with such formidable synergy that they alone accounted for a staggering percentage of the nation's 4.2 million vehicle output—even as sedans waned, SUVs soared, and a quiet but potent electric revolution charged up in the background—the real horsepower of South Korea's auto industry lies in its perfectly orchestrated ecosystem of steel, chips, and sheer manufacturing might, proving it's the masterful conductor, not just a soloist, in the global automotive orchestra.
R&D
- Auto industry revenue: 450 trillion KRW in 2022.
- Hyundai R&D budget: 8.5 trillion KRW in 2022, 5% of sales.
- Kia invested 3.2 trillion KRW in R&D for EVs 2022.
- Patent filings by Korean automakers: 12,456 in 2022.
- EV battery R&D patents: 3,456 by Hyundai-Kia 2022.
- Autonomous driving test km: 1.2 million by Korean firms 2022.
- Hydrogen fuel cell production: 5,000 units R&D output 2022.
- Software-defined vehicle R&D spend: 1.8 trillion KRW 2022.
- 6G-connected car prototypes: 50 tested in 2022.
- Carbon neutrality R&D projects: 120 funded in 2022.
- AI in manufacturing patents: 2,345 filed 2022.
- Global R&D centers: 34 operated by Hyundai Group 2022.
- Recycling tech investment: 0.8 trillion KRW 2022.
- Level 4 autonomy milestone achieved by Kia in 2022 tests.
- Bio-materials R&D for interiors: 15 new in 2022.
- Cybersecurity patents: 1,234 by Korean autos 2022.
- V2X communication standards contributed by Korea in 2022.
- Solid-state battery R&D breakthrough announced 2022.
- 800V charging system patents: 456 held by Hyundai 2022.
- Digital twin factories implemented in 5 plants 2022.
- Sustainability R&D ratio: 20% of total spend 2022.
R&D Interpretation
South Korea's automakers are furiously inventing the future, proving that their enormous 450 trillion won industry isn't just building today's cars but is meticulously patenting, coding, and engineering its way to dominate tomorrow's roads.
Sales
- South Korean domestic auto sales reached 1,669,908 units in 2022, down 6.9% from 2021.
- Hyundai Motor sold 662,425 vehicles in the domestic market in 2022, holding 39.7% share.
- Kia domestic sales were 542,434 units in 2022, second to Hyundai.
- SUV sales in South Korea hit 1,028,456 units in 2022, 61.6% of total sales.
- Electric vehicle sales in Korea were 81,851 units in 2022, up 27.4% YoY.
- Genesis brand sold 50,123 luxury vehicles domestically in 2022.
- Imported car sales in South Korea were 202,456 units in 2022, 12.1% market share.
- In 2023 Q1, domestic sales recovered to 415,234 units, up 18%.
- Hyundai IONIQ 5 sold 29,912 units in Korea in 2022.
- Commercial vehicle domestic sales were 210,456 units in 2022.
- Kia EV6 sales domestically reached 16,555 units in 2022.
- Passenger car sales excluding light vehicles: 1,459,452 units in 2022.
- Market share of domestic brands was 87.9% in 2022 Korean sales.
- Sedan sales dropped to 512,345 units in 2022, 30.7% of total.
- Hybrid vehicle sales in Korea: 120,456 units in 2022.
- Top-selling model Hyundai Avante sold 198,456 units in 2022.
- Kia Seltos domestic sales: 89,234 units in 2022.
- Luxury segment sales grew 15% to 78,912 units in 2022.
- Online auto sales platforms accounted for 25% of total sales value in 2022.
- Fleet sales to corporations: 345,678 units in 2022.
- Kia Carnival MPV sold 112,345 units domestically in 2022.
- Retail sales excluding corporate: 1,234,567 units in 2022.
- Hyundai Tucson SUV sales: 145,678 units in Korea 2022.
- Plug-in hybrid sales: 34,567 units in 2022 domestic market.
- Average sales price of passenger cars in Korea rose 7.2% to 32.5 million KRW in 2022.
- Genesis GV80 sales: 28,456 units in 2022.
- Kia K5 sedan sales: 76,234 units domestic 2022.
- Total vehicle registrations in Korea: 1,880,364 in 2022 including replacements.
Sales Interpretation
While overall domestic sales sputtered by 6.9% in 2022, the Korean market decisively shifted gears, with SUVs claiming over 60% dominance and EVs charging ahead at a 27% growth rate, all while Hyundai and Kia tightened their grip on an 88% home-field advantage.
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