Article
An analysis of the South Korean automotive, shipbuilding and steel industries
Introduction
In addition to the outstanding success of the Japanese industry, a number of other Asian countries are emerging as the new power-houses of manufacturing. Over the past ten years the South Korean industry has developed as a major exporter of manufactured goods and has become the second most productive manufacturing nation in Asia after Japan. In a number of markets the South
Koreans have threatened the Japanese, using labour-cost advantage to become the cost leader[1].