From a humble beginning as a maker of bicycles in Korea, Kia automobiles today prides itself in being one of the best automotive manufacturers in the world. It has achieved remarkable success as a maker of high-quality and affordable automobiles. Besides, Kia parts have proved their mettle as a dependable player in the aftermarket for replacement and maintenance.
The Korean automobile industry, as also Korean automakers, has achieved unusual success, even though the industry has been sandwiched between high-profile, high-priced Japan and newly emerging low-priced China.
Great Prospects In The Horizon For Korean Auto Parts Industry
Boom time is round the corner for the likes of Kia parts. used auto parts Nearly 70 percent of U.S. buyers have shown their willingness to increase their purchases of South Korean once the Korean-US free trade agreement will come into effect. The free trade agreement once ratified by the legislature of both countries will almost completely eliminate tariff barriers and offer protection to multinational financial sectors and firms like Kia parts. The key reason cited by U.S. automakers is the price competitiveness of the parts and uncompromising strict quality requirements. Under the Free Trade Agreement signed in November 2010, the United States will immediately lift all tariff barriers from South Korean auto and gradually phase out tariff on South Korean automobiles. The makers of Kia parts are upbeat, as this agreement is expected to markedly improve sales to the United States in the coming years.
Why This Beeline to the Korean Industry?
To understand why America is making a beeline to Korea, you firstly need to have a glance at South Korea’s automotive and auto industry. The Korean auto industry today is the fifth largest in the world in terms of production and sixth largest in terms of exports volume. Almost all makers, including Kia parts, are benefitting from this unprecedented surge in growth.
What Is The Reason?
We all know once Korean auto products were considered to be unreliable because they were mundane, cheap, and devoid of quality, but not anymore. Although considered to be inferior in the past, Korea has now shrugged off that second-rate image and has caught up with the best manufacturing standards in the world. This was a great leap forward for the Korean automobile industry. As the exports of makers like Kia automobiles surged ahead, so did the volumes of car parts. Not surprising, because companies like Kia parts were quick to adapt themselves to the changing conditions in the automobile industry. For example, Korean parts makers realized the singular advantage of being in close interaction with the automakers, which gave them a lead time of being quick in upgrading their products in terms of both quality and innovation.