The Korean auto industry is one of the largest in the world. Today, it holds the fifth spot in terms of volume of production and the sixth spot in terms of volume of export. While it was originally engaged merely in assembling of parts, which were imported from Japan as well as the United States, Korea is currently one of the most advanced automobile producing nations in the world. The industry produces several in-house models, displaying not just its capabilities in regard to design, performance, as well as technology.
The Korean automobile industry was started in 1955, when Choi Mu-seong, along with his three brothers, set up an engine in a modified US Jeep and came up with the first Korean car, called the "Sibal", which means new start.
Then in 1960, Sinjin Automobiles came up with Sinjin Publica, which was manufactured under a licensing agreement with Toyota. For the development of the Korean automobile industry, the government of Korea declared the "Automobile Industry Promotion Policy". As a result, foreign automakers were stopped from operating in the Korean nation, except in case of joint ventures with the local business enterprises. The efforts led to companies, which were involved with other businesses enter the automobile industry. This led to the formation of three major companies in 1962, ie Kyeongseong Precision Industry, Ha Dong-hwan Automobile Industry Co. and Saenara Automobile. As it is, Saenara Automobile was the first automobile maker in Korea, which was equipped with the latest assembly facilities.
Later on Kyeongseong Precision Industry was changed to "Kia Industry", whereas Ha Dong-hwan Automobile Industry Co. SsangYong Motor Company. In 1965 Asia Motors Company was set up and Hyundai Motor Company was formed in 1968 in technical cooperation of Ford Motor Company. However, during this period, these companies were merely engaged in automotive assembling, importing parts from their overseas partners. Then, in 1972, Shinjin and General Motors had a joint venture General Motors Korea was formed, which was later on renamed as Saehan Motors in the year 1976.
In 1975 Hyundai Pony, the first automobile developed in Korea was made. Hyundai Motors did this after engaging as vice-president, George Henry Turnbull who previously worked for British Leyland Motor Corporation. This car comprised of design from Italdesign, machine press from France, transmission & engine from Mitsubishi, moldings from Ogihara Mold Company, technology transfer from Perkinson and Funds from Barclays and France Suez.
Hyundai struck another first with the export of the Pony to Republic of Ecuador in the year 1976, and made Hyundai became the first Korean car to be exported. Then in 1982, Saehan Motors was acquired by the Daewoo Group and it was later renamed to Daewoo Motors.
Energy crisis in 1979 brought about a bad patch for the Korean car industry. The Korean government tried to address this situation, with is "Automobile Industry Rationalization Policy." The government also postponed the import liberalization of automobiles. All these steps helped the Korean auto industry in a big way and helped it to recover the losses accrued due to the recessive condition of that time.
By the 1980's, several new developments took place and Korean auto industry was now focusing primarily on the development of mass production systems, keeping in view the exports aspect. In 1986, Hyundai motors entered the market in United States with Excel, which became extremely popular. As a matter of fact, it set up a record of selling the largest number of automobiles in the first year of business.
As it is, Hyundai motors is by far the most popular Korean brands. Apart from the various cars that it manufactures, it also supplies various auto parts and accessories. Some of the most popular auto parts of the company include:
1. Hyundai Camshaft Seal Kit
This high quality camshaft front seal set is designed as a direct fit replacement for the stock camshaft front seals. Priced at $ 34.23, this is an amazing option for your car. Its immense popularity has been a major reason that has led to its mass production.
2. Hyundai Nitrous System
Officially known as Nitrous Express, this Nitrous System is accompanied with a number of attractive features, such as stage one EFI, gains of 35-150 horsepower on the wheels, fuel line adapters, shark nozzle, extra long stainless steel supply along with several other components for complete installation. The systems do not need any engine modification, work on a stock fuel pump, and need no timing retards. They offer the best horsepower on demand value and amazing increase in power as well as acceleration. It is extremely durable and reliable. Available at a price of $ 710.22, this wonderful kit is definitely a nice buy.
3. Hyundai Distributor Cap
This distributor cap is an original equipment replacement. It installs as well as operates like your original. Available at a price of $ 18.38, this distributor cap is definitely a steal.
As it is, the Korean car industry offers you the best products and so it is definitely a good idea, to make use of it.