The automotive industry in South Korea is the fifth-largest in the world measured by automobile unit production and the sixth-largest by automobile export volume.
While its initial operations were merely the assembling of parts imported from Japan and the United States, Korea is today among the most advanced automobile-producing countries in the world. Annual domestic output first exceeded one million units in 1988. In the 1990s, the industry manufactured numerous in-house models, demonstrating not only its capabilities in terms of design, performance, and technology, but also signalling its coming of age.
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... He is the founder of the sports car companies Noble Automotive Ltd in 1999 and Fenix Automotive in 2009 ... Noble started Noble Automotive after he finished his involvement with Ascari, a manufacturer of supercars with a commensurately high price and small market ... closer to everyman price levels, so Noble Automotive set out to build a relatively affordable but still really fast car ...
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Famous quotes containing the words south and/or industry:
“The cloud was so dark that it needed all the bright lights that could be turned upon it. But for four years there was a contagion of nobility in the land, and the best blood North and South poured itself out a libation to propitiate the deities of Truth and Justice. The great sin of slavery was washed out, but at what a cost!”
—M. E. W. Sherwood (18261903)
“No delusion is greater than the notion that method and industry can make up for lack of mother-wit, either in science or in practical life.”
—Thomas Henry Huxley (182595)