Annual Report. Korean Automobile Industry

Transcription

1 Annual Report Korean Automobile Industry

2 Korea Automobile Manufacturers Association (KAMA) is an organization representing the major automakers in Korea. KAMA is established to foster and develop Korean auto industry and thereby contribute to sustainable growth of the national economy. KAMA concentrates its efforts in the following areas: 1. Developing plans and measures for sustainable growth of the auto industry in Korea. 2. Expanding international trade and cooperation. 3. Promoting public relations activities for the interests of member companies. 4. Promoting joint R&D efforts and technical collaboration. 5. Organizing activities to promote autorelated culture.

3 Contents Korean Automobile Industry Annual Report Overview Automobile production surpassed 4 million at home, 1 million abroad Production Hit a historic record of 4,086 thousand units Domestic Sales Set on a recovering pace mainly by surge of mini cars Exports Recorded a whopping growth in emerging markets across Eastern Europe, Latin America and Middle East Imports Surpassed a 5% share in Korean market Offshore Production Posted a steep growth to 1.2 million units Taxation Automobile Safety Enhanced auto safety under global harmonization Environmental Requirements Stricter emission regulations implemented Statistics Member Companies 2009 Seoul Motor Show

4 Overview Automobile production surpassed 4 million at home, 1 million abroad Korean automobile industry, leading Korean economic growth, posted the record of 4 million domestic production and 1 million offshore production in There were some negative factors in the global scope including deteriorated international competitiveness caused by strong won & weak yen and market depression in the Western Europe and US as well as domestic factors covering rising price of oil and raw materials, contracted consumer sentiment by sluggish domestic economy and unstable employment. Nevertheless, introduction of numerous new models, elevated brand image thanks to improved quality & performance and determined expansion of overseas production along with wider penetration into emerging markets especially BRICs, worked together to set the new record in production, export and offshore production. Vehicle production in 2007 increased by 6.4% to 4,086 thousand units, surpassing 4,000 thousand mark for the first time, supported by recovering domestic sales and expanding exports to the emerging markets. Although lingering negative factors such as economic slowdown, unstable employment, growing maintenance cost by high oil price, were not notably improved, domestic sales in 2007 reached to 1,219 thousand units with a 4.7% rise from a year earlier, riding on increasing replacement demand by aging cars and new model release effect. In spite of unfavorable price competitiveness affected by strong won & weak yen and enlargement of overseas production, automobile exports in 2007 hit a record of 2,847 thousand units, up 7.5% from 2006, which are mostly attributable to improved quality and brand image of Korean cars, consolidation of sales networks and advantageous use of global player networks, market diversification to emerging markets, etc. 04

5 export value of vehicles including auto parts reached U$49.7 billion, occupying 13.4% of gross national export. Prompted by import dealers active marketing activities such as diversified model release at low to midlevel price band, pricecutting of imported cars owing to appreciation of won, expanded outlets and A/S centers and consolidated advertisement, vehicle imports in 2007 soared as much as 32.5% from the former year registrating at 73,227 units. In the meantime, as global competition is getting tougher, Korean auto makers are actively expanding its overseas plants. Mainly driven by and, offshore production posted 1,162 thousand units in 2007 in the areas of US, China, India, Slovakia and Turkey. Trends of Automobile Production, Domestic Sales and Exports Production Exports Domestic Sales (Thousand units) 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Production Domestic Sales Exports Imports Note : (Thousand units) ,115 2,946 3,148 3,178 3,469 3,699 3,840 4,086 1,430 1,451 1,622 1,318 1,094 1,143 1,164 1,219 1,676 1,501 1,510 1,815 2,380 2,586 2,648 2, Domestic sales are only of Korean vehicles. 2. Exports and Imports are based on customs clearance. 05

6 The Status of Korean Auto Industry Auto industry ranked at the first place in employment, production and addedvalue among manufacturing industries. (Persons, 000 billion won) Employment Production Shipment Added Value Auto Industry 264, Share in Manufacturing Industry 9.1% 11.8% 11.8% 11.0% Source : Korea National Statistical Office (as of 2006) Export value of automobiles recorded U$49.7 billion in 2007 accounting for 13.4% of total national exports. It is an exportoriented industry with 70% of the total production shipped abroad. (Million U$) Auto Exports 32,502 37,959 43,152 49,740 Share in National Exports 12.8% 13.3% 13.3% 13.4% Source : Korea Customs Service Auto industry leads the structural advancement of the future industry. As automobiles are getting more environmentfriendly, high safetyconcerned, intellectualizing, the share of electronic components in automobiles are expected to enlarge 20% to 40% by As the importance of telematics industry, propelled by IT and communication technologies, gets more prominent, auto industry comes to lead cuttingedge information industry such as wireless communication, contents generation and display industry. Automobile is the biggest jobcreating industry and contributes to vitalizing provincial economy. Autorelated employees, directly (250 thousand persons) or indirectly (1,320 thousand persons), number 1,570 thousand persons. It encourages regional economy to progress, widely locating in metropolitan area (Incheon and Gyeonggi province), southeastern region (Ulsan, Busan, Changwon and Daegu) and southwestern region (Gunsan, Jeonju and Gwangju) in Korea. Automobile can be represented as an integrated machinery industry, assembled by about 20,000 parts and components. 06

7 Production Hit a historic record of 4,086 thousand units Automobile production in 2007 totaled 4,086 thousand units with a 6.4% yearonyear rise due to increasing domestic sales and exports, renewing the record for six consecutive years. It outnumbered 3,000 thousand units in 2002 and in five years it surpassed 4,000 thousand units. In the global ranking by production, Korea ranked the 5th for three consecutive years following Japan, US, China and German. Automobile production capacity in 2007 stood at 4.7 million units with a 87.3% operation rate, up 4.4%p from the former year. Equipment investment on auto industry in 2007 amounted 2,632 billion won, focusing primarily on new product development and investments on automation, environment and safety rather than equipment expansion. Regarding production by vehicle type, passenger cars gained 6.7% at 3.7 million units owing to consistent new model release and ballooning overseas shipment, while commercial vehicles recorded 3.4% more units than 2006 to 363 thousand units led by upbeat sales of trucks with revitalization of construction industry. By maker,, the biggest maker, produced 1,707 thousand units with a 5.5% rise and decreased 2.7% to 1,119 thousand units due to slight reduction of exports. had the highest growth rate of 20.9% producing 943 thousand units and Ssangyong and Renault Samsung also rose by 4.9% and 10.1% respectively. 07

8 Production by Vehicle Type Vehicle Type Commercial Vehicles Buses Trucks SPVs SPVs : Special Purpose Vehicles Share 3,840,102 3,489, , , ,674 12, ,086,308 3,723, , , ,381 13,075 Share (Units, %) % Chg Production by Maker (Units, %) Maker Share Share % Chg. 3,840, ,086, ,618, ,706, ,150, ,118, , , Ssangyong 117, , Renault Samsung 161, , Others 13, , Global Top 5 countries in vehicle production (Units, %) Ranking Country Production Share Country Production Share Japan USA China German Korea 11,484,233 11,260,277 7,279,726 5,819,614 3,840, Japan USA China German Korea 11,596,327 10,751,149 8,882,456 6,195,661 4,086, Global 69,507, Global 73,072,

9 Domestic Sales Set on a recovering pace mainly by surge of mini cars Despite increasing maintenance cost by oil price hike, domestic sales in 2007 saw a moderate recovery with a 4.7% rise totaling 1.2 million units, driven by increased replacement demand by aging cars and new model release effect by s i30, s New Lotze and Renault Samsung s QM5, on the ground of 4.2% steady growth of private consumption and expenditure. By vehicle type, passenger cars posted relatively large growth of 5.4% with 986 thousand units, triggered by new model release effect and increasing replacement demand. Commercial vehicles remained at 233 thousand units with only a 1.9% increase with a sluggish bus demand by small and mediumsized enterprises in spite of a slight growth of 1ton trucks. Within passenger car segments, mini, small and mediumsized cars were on the increase in sales whereas largesized cars saw declining pace. While minicars rose remarkably by 38.0% led by beneficial maintenance cost amid oil price hike along with s active sales promotion, smallsized cars also increased by 8.3% as high fuel efficiency is appealing to get more attractiveness on such models as s Morning, Pride and s i30. 09

10 By maker, and Ssangyong posted relatively high performance., the biggest producer, sold 625 thousand vehicles, up 7.6% and increased its market share to 51.3%, which are attributable to buoyant sales of Avante HD, NF Sonata and Grandeur TG alongside new models introduction of i30 and Grand Starex. and saw a slight increase staying at its previous share. Ssangyong climbed 8.1% fuelled by the debut of RextonⅡ EURO and robust sales of Actyon Sports and Kyron. In Top 10 Bestselling Cars in 2007, held five models(sonata, Avante HD, Grandeur TG, Santa Fe and Tucson) and had three models(lotze, New Sportage and New Carens). Domestic Sales by Type (Units, %) Category Share Share % Chg. 1,164, ,219, , , Mini 59, , Small 203, , Medium 409, , Large 263, , Commercial Vehicles 228, , Buses 74, , Trucks 143, , SPVs 11, , SPVs : Special Purpose Vehicles 10

11 Domestic Sales by Maker (Units, %) Maker Ssangyong Renault Samsung Others 2006 Share ,164, ,219, , , , , , ,542 56, , , ,204 9, ,368 Share % Chg Top 10 Bestselling Cars in 2007 (Units) SONATA AVANTE HD GRANDEUR TG SM5 New MATIZ SANTA FE (CM) LOTZE New SPORTAGE New CARENS TUCSON 0 30,000 60,000 90, ,000 11

12 Exports Recorded a whopping growth in emerging markets across Eastern Europe, Latin America and Middle East Despite some unfavorable conditions for exports, i. e. weakening price competitiveness due to declining foreign exchange rate of won, expanding offshore production, improved price competitiveness of Japanese competitors by increasing production of smallsized cars and weakening yen, exports in 2007 gained 7.5% at 2,847 thousand units spurred by improved quality and image of Korean vehicles, diversification of export market and expansion of sales networks. Favorable settlement between labor and management minimized the production drawback in 2007 and utilization of the global sales networks in GM and Nissan by GM Daewoo and Renault Samsung respectively, had a significant impact on export increase. By region, the US(3.6%) and Western Europe(20.2%) posted downward pace in exports affected by overall stagnation in demand and growing production in transplants, whereas Eastern Europe(50.0%), Latin America(44.3%), Middle East(21.1%) and Africa(22.4%) got a whopping growth riding on expanding demands boosted by economic growth and Korean makers active inroads to the emerging markets. Therefore, in North America and Western Europe, the share of total exports declined to 29.3% and 19.3% respectively. By maker,, the biggest maker, exported 1,076 thousand units with a 4.3% rise from a year ago. posted 26.1% more shipment than the previous year to 808 thousand units prompted by exportoriented models(lacetti, Gentra, Matiz and Winstorm) via GM global salesnetworks across Eastern Europe, Latin America and Middle East. Renault Samsung recorded the sharpest growth rate of 33.0% exporting 54,971 units mainly fuelled by increasing SM3 shipment to Russia through Nissan salesnetworks. 12

13 Exports by Maker (Units, %) Maker Share Share % Chg. Ssangyong Renault Samsung Others 2,648,220 1,032, , ,539 60,035 41,320 3, ,847,138 1,076, , ,729 64,073 54,971 3, Exports by Region (Units, %) Region Share Share % Chg. North America USA Western Europe Eastern Europe Latin America Middle East Africa Pacific Asia 2,648, , , , , , , , ,247 82, ,847, , , , , , , , ,367 89, Top 10 Exportmodels in 2007 (Units) LACETTI TUCSON GENTRA AVANTE HD CLICK CERATO New MATIZ VERNA (MC) WINSTORM MORNING 0 50, , , , ,000 13

14 Imports Surpassed a 5% share in Korean market Steep growing pace of imported cars continued in Automobile imports soared 32.5% to 73,227 units, renewing the historic record, spurred by pricediscounting strategy benefited from declining won/dollar exchange rate, launching of a wide range of new models including mid to lowprice cars and expanding A/S centers, etc. In terms of imported car type, passenger cars leaped 33.9% to 63,883 units, special purpose vehicles increased 14.9% at 6,446 units, trucks gained 54.5% at 2,720, while buses diminished by 11.9% to 178 units. Imported car sales registered 53,390 units in 2007 with a 31.8% rise and its share grew to 5.1% in domestic car market. By nation of origin, all of the countries saw upward pace and particularly Japanese, US and French cars posted a prominent growth. German cars maintained its leading position in the import market, climbing 17.4% to 22,282 units and Japan ranked second with a 44.5% hike at 17,663 units. US stood at third recording 6,235 units, followed by UK(58.7% increase with 2,136 units) and France(81.3% increase with 2,712 units). With respect to engine displacement, cars less than 2,000cc soared by 37.2% to 12,931 units, 2,000 to 3,000cc cars gained 34.4% to 21,916 units and cars over 3,000cc increased 25.0% to 18,543 unit. To sum up, lower enginesized import cars enjoyed higher growth in Korea. In terms of salesvalue meanwhile, the share of imported cars rose to 14.6%. Especially, in the car segment over 3,000cc, its share occupied 34.9% and 53.8% based on salesunits and value respectively, thus occupying more than half of luxury car market. Imports of Foreign Vehicles (Units) 100,000 80,000 60,000 40,000 20,000 0 (Based on Customs Clearance) 14

15 Import Car Sales by Origin ( ) 55,000 50,000 45,000 40,000 35,000 30,000 EU 25,000 20,000 Japan 15,000 10,000 5,000 USA (Source : KAIDA) Market Share of Imported Cars 944 (Thousand units, %) Share Share Share , Korean Import

16 Offshore Production Posted a steep growth to 1.2 million units Production in transplants has been expanding, from Turkey and India in late 1990s to China in 2002, US in 2005 and Slovakia in As a result, offshore production, less than 100 thousand units in 2001, has seen bullish growth every year and recorded 1.2 million units in Regarding overseas production by maker, registered 911 thousand units and totaled 251 thousand units, accounting for 78.4% and 21.6% ratio respectively. On the basis of production, the biggest one is s India factory with 339 thousand units, followed by Alabama and Beijing recording 251 and 232 thousand units respectively. In 2008, offshore production is projected to reach 1.6 million units as Alabama plant in US diversifies its production lines, China and India plants increase its production capacity and Slovakia plant starts fullscale operation. Meanwhile, KD(KnockDown kits) exports leaped 18.4% to 1,263 thousand kits shipped to China, Uzbekistan, Russia, Poland and Ukraine. Remarkable growth of KD exports can be explained by the fact that increased considerably the volume for assembling via GM Group s global plants. 16

17 Worldwide Production Bases (in 2007) (Thousand Units, Capacity) Czech Nosovice (300) CBU Turkey Istanbul (100) KD China Yenchung (430) CBU USA Alabama (300) CBU Slovakia Zilina (300) CBU China Beijing (300) CBU USA Georgia (300) CBU India Chennai (600) CBU Vietnam Hanoi (15) KD Georgia and Nosovice plants are under costruction Production in Transplants by Maker & Region Country USA China India Slovakia Turkey , , , ,078 90,070 1,161,614 (Units, %) % Chg % Chg. 236, , , , , , , , , ,078 18,545 90, , , , ,

18 Taxation Twelve types of taxes including public bond are levied to car owners in Korea along with fuel tax. Vehicle Taxation Division Status (As of March 2008) Special Excise Tax below 1000cc : exempted 1001 ~ 2000cc : 5% of exfactory price over 2000cc : 10% of exfactory price Purchase Stage Education Tax VAT Registration Tax 30% of special excise tax 10% of retail price Private : 5%, Commercial : 3% of Retail Price Acquisition Tax 2% of Retail Price Bond 0 ~ 20% of Retail Price 800cc below : \80/cc 801 ~ 1000cc : \100/cc Possession Automobile Tax 1001~1600cc : \140/cc Stage 1601~2000cc : \200/cc over 2000cc : \220/cc Education Tax 30% of Vehicle Tax Transportation Unlead (l) \472/l Fuel Energy Excise Environment Tax Diesel (l) \335/l Tax LPG (kg) \252/kg Fuel Tax Education Tax 15% of Fuel Excise Tax Motor Fuel Tax 27.0% of Transportation Energy Environment Tax VAT 10% of Fuel Retail Price Mini cars below 1,000cc are exempted from special excise tax, education, registration, and acquisition tax 18

19 Automobile Safety Enhanced auto safety under global harmonization As 38%(about 2,400 persons) of total deaths(6,327 persons in 2006) by car accidents in Korea was caused by the collision between vehicles and pedestrians, auto safety standards for pedestrian protection is adopted in 2008 in an effort to lessen the accident. Thus, as the standard is stabilized after 2012, the number of carsrelated casualties are expected to be considerably reduced, coupled with various existing road safety measures regarding road safety education and public campaigns, road infrastructure, vehicle safety and automotive insurance system. In line with the measures of the government, the automotive industry is introducing varied new technologies covering ESC, ACC, AFLS and etc. and adopting safety designs over impact. As a result, a number of Korean cars have been selected as the safest ones in major vehicles safety tests in the US and EU. KATRI, an organization under the Ministry of Land, Transport and Maritime Affairs, has designed a total of 6 tests for vehicles. For passenger cars, MPVs, and commercial vehicles weighing 4.5 tons or less, safety test(ncap) is currently carried out on frontal and side impact, brake performance, rollover, head restraint and pedestrian safety(head). From 2007 pedestrian safety test was added to passenger cars and the test was expanded to small trucks of less than 4.5 tons. As of 2008, 8 tests are to be implemented by adding two more items of pedestrian safety(legs) and dynamic assessment of car seat. Meanwhile, in order to enhance the global harmonization of safety standards, Korean government and the automotive industry are continuously participating in international vehicle safety and regulationrelated meetings organized by UNECE WP29, APEC TPT VSHG, JASIC G/I and etc. In particular, from 2003 Korea has been chairing the APEC TPT VSHG and became the first country to adopt GTR No.1(Door Locks and Door Retention Components) into the Korean regulations. Korean government together with car manufacturers, endeavor to work towards the goal of harmonizing 4 5 safety standards with international standards every year. Until 2007, four items have been harmonized with global safety standards, which are Braking of (R13H), Front Fog Lamps (R19), Rear Underrun Protective Devices (R58) and Door Locks and Door Retention Components(GTR No.1). 19

20 Environmental Requirements Stricter emission regulations implemented Automobile manufacturers in Korea, in line with Laws on Conservation of Atmospheric Environment, are required to meet the regulations of permissible level of vehicle exhaust emissions according to the criteria provided by Ministry of Environment. In accordance with the above law, share of gasoline passenger cars which meet Californian LEV IIULEV standard must reach 25% in 2006, 50% in 2007, 75% in 2008 and 100% in 2009, respectively. From January 2006, diesel passenger cars and small and mediumsized diesel trucks had to comply with EURO4 emission standards while the same applied to large diesel buses and trucks from October In an effort to improve the air quality in the metropolitan area (Seoul, Incheon and Gyeonggido), the government enacted in 2003 A Special Law to Improve the Air Quality of the Capital Area, which came into force in Auto makers are required to produce and sell low polluting vehicles as specified below until Accordingly 34,000, 47,000 and 75,000 low polluting vehicles were sold in 2005, 2006 and 2007 respectively. Year Rate % for Bus (%) In addition, certain diesel vehicles in metropolitan area are subject to mandatory emissions inspection based on stricter standards. In case a vehicle should not satisfy the required emission levels, it should either equip with DPF or DOC, or convert to an LPG engine. 20

21 1. Emission Regulation A) Gasoline or GasFueled Vehicles Made After January 1, 2006 Classification CO NOx Hydrogen Carbonate Tailpipe Gas Blow by Gas Evaporation Gas Formaldehyde Test Mode Mini Vehicles 1.06g/km or less 0.031g/km or less 0.025g/km or less 0g/cycle 1g/test or less 0.005g/km or less Passenger Cars & Light Trucks (below 2tons) A B 1.06g/km or less 1.31g/km or less 0.031g/km or less 0.044g/km or less 0.025g/km or less 0.034g/km or less 0g/cycle 0g/cycle 1g/test or less 1g/test or less 0.005g/km or less 0.007g/km or less CVS75 Mode Mini Buses & Light Trucks (2~3.5tons) A B 1.06g/km or less 1.31g/km or less 0.031g/km or less 0.044g/km or less 0.025g/km or less 0.034g/km or less 0g/cycle 0g/cycle 1g/test or less 1g/test or less 0.005g/km or less 0.007g/km or less Buses & Heavy Trucks 1.5(0.4)g/kWH or less 4.0g/kWH or less 3.5g/kWH or less 3.5g/kWH or less 0.46(0.2)g/kWH or less 0.55g/kWH or less 0g/cycle 0g/cycle ND13 Mode ETC Mode Note : 1. Gasoline or gasfueled vehicles include vehicles fueled with mixtures of alcohol or gas, and electric vehicles utilizing gasoline and alcohol as a secondary power source. 2. In the low temperature (6.7 ) startup of that fueled with gasoline, maximum permissible exhaust emission for CO is 6.3g/km or less. 3. Tailpipe gas for Buses and Heavy Trucks will be measured by NMHC, and for other vehicles by NMOG. 4. The standards in parentheses apply to gasfueled vehicles. 5. The previous standards apply to vehicles made before the implementation of new standards and shipped within 90days after the implementation. 6. The previous standards apply to all vehicles, except, that are certified before Dec. 31, 2005 and shipped from Jan. 1, 2006 to Dec. 31, 2006, and fueled by gas that are certified before Dec. 31, 2005 and shipped from Jan. 1, 2006 to June 30, The standards of permissible exhaust emission for fueled by gasoline will apply from Jan.1, 2006, and yearly application rate is as in the following table. Whenever the shipment exceeds the rate, excess shipment will be regarded as shipment of the following year. When the shipment is less than the rate, two times the quantity difference shall be added for the next year's shipment. If the automobile manufacturer meets the standards voluntarily before Dec. 31, 2005, its shipment will be regarded as shipment of Year Shipment (%) over 25% over 50% over 75% 100% Column As of, Mini Buses, and Light Trucks apply to the vehicles driven for 5 years or less (or 80,000km or less) for production, certification, and defect test. Column Bs apply to those driven for more than 5 years or 80,000km. The following table will apply to defect testing of that are meeting the requirements of the above table and shipped from Jan.1, 2006 to Dec. 31, Application Period From Jan.1, 2006 to Dec. 31, 2008 A B CO 1.06g/km or less 1.31g/km or less NOx 0.07g/km or less 0.10/km or less Hydrogen carbonate Tailpipe Gas Blow by Gas 0.025g/km or less 0.034g/km or less 0g/cycle 0g/cycle Evaporation Gas 1g/test or less 1g/test or less Test Mode CVS75 Mode 9. For paragraph 8 above, standards under A will apply to cars driven for 5 years or less, or 80,000 km or less, and under B driven for more than 5 years or 80,000 km. 21

22 B) DieselFueled Vehicles Made After January 1, 2006 Classification CO NOx HC PM Smoke Test Mode Mini Vehicles & 0.50g/km or less 0.25g/km or less 0.30g/km or less 0.025g/km or less 10% or less Mini Buses & Light Trucks RW 1,305kg 1,305kg < RW 1,760kg RW > 1,760kg 0.50g/km or less 0.63g/km or less 0.74g/km or less 0.25g/km or less 0.33g/km or less 0.39g/km or less 0.30g/km or less 0.39g/km or less 0.46g/km or less 0.05g/km or less 0.04/km or less 0.06/km or less 10% or less 10% or less 10% or less ECE15 or EUDC Mode Buses & Heavy Trucks 1.50g/km or less 4.0g/km or less 3.5g/km or less 3.5g/km or less 0.46g/km or less 0.55g/km or less 0.02/km or less 0.03/km or less 10% or less K=0.5m 1 ND13 Mode ETC Mode Note : 1. Dieselfueled vehicles include vehicles fueled with mixtures of diesel and other fuel. Hydrogen carbonate is tested by NMHC. 2. The standards for Mini Buses and Light Trucks apply to with over 2.5tons of GVW. 3. RW(Reference Weight) is a test weight, which is unloaded vehicle weight plus additional l00kg. 4. The permissible level of blowby gas shall be 0g/cyle. 5. Emission test is based on the standards at the time of shipment and on unloaded free acceleration method. The manufacturing standards apply to absorption coefficients of Buses and Heavy Trucks, and checked under the ELR method for engine running condition. 6. The previous standards apply to the, Mini Buses, Light Trucks, exceeding over 2.5tons of GVW, that are certified by Dec. 31, 2006 and shipped from Jan.1, 2007 to Dec. 31, 2007, and Buses and Heavy Trucks that are certified by Sep. 30, 2006, and shipped from 7. Oct. 1, 2006 to Dec. 31, HC & NOx emission standards apply to Buses and Heavy Trucks based on the figures of Hydrogen Carbonate. Previous standards apply to the vehicles that made before the implementation of new standards and shipped within 90days(180days for 9. Heavy Trucks) after the implementation. The following emission standards apply to the test at steady speeds over the fullload curve. Normal Flow G (l/sec) Absorption coefficient (m 1 ) Normal Flow G (l/sec) Absorption coefficient (m 1 ) Normal Flow G (l/sec) Absorption coefficient (m 1 )

23 2. Permissible Noise Criteria (Vehicles made after January 1, 2006) Classification Type of Noise Accelerated Running Noise db(a) A B Tailpipe Noise db(a) Horn Noise db(c) Mini Vehicles A B 74 or less 76 or less 75 or less 77 or less 100 or less 110 or less or less 76 or less 75 or less 77 or less 100 or less 110 or less Passenger Cars 3 77 or less 78 or less 100 or less Passenger Cars 4 less than 195 hp over 195 hp 78 or less 80 or less 78 or less 80 or less 103 or less 105 or less 112 or less Heavy Duty Vehicles Cargo Trucks 3 Cargo Trucks 1 Cargo Trucks 2 less than 97.5 hp over 97.5 hp less than 195 hp 76 or less 77 or less 77 or less 78 or less 77 or less 78 or less 77 or less 78 or less 100 or less 103 or less 103 or less 110 or less 112 or less Over 195 hp 80 or less 80 or less 105 or less Note : 1. Paragraph A under Mini Cars applies to automobile designed mainly for passenger transportation. 2. Paragraph B under Mini Cars applies to vehicles with other purpose. 3. Column B under Accelerated Running Noise applies to automobiles with Direct Injection(DI) Diesel engine. 4. Column A under Accelerated Running Noise applies to automobiles other than in Note 3 above. 5. In case of accelerated running noise for passenger cars with gross vehicle weight of more than 2 tons and engine power of less than 195 hp, which were designated as offroad type automobiles by Environment Minister, one db must be added. Two db must be added for engines with more than 195 hp. 6. Accelerated noise means the standards for the automobile accelerated running noise measurement method of International Standard Organization(ISO). 23

24 Statistics Automobile Production 11. Production Overview 12. Production by Maker 13. Production by Type & Size 14. Production and Sales by Maker, Type and Model Automobile Sales 21. Domestic Sales of Automobiles 211. Domestic Sales Overview 212. Domestic Sales by Maker 213. Domestic Sales by Type & Size 22. Automobile Exports 221. Exports Overview 222. Exports by Maker 223. Exports by Type & Size 224. Exports by Region and Country 3. Automobile Imports 4. Automobile Registration 5. Automobile Sales in US and in Western Europe 51. Light Vehicle Sales in US by Origin 52. Passenger Car Sales by Maker in Western Europe 6. Licensed Drivers 7. Roads

25 Production 1. Automobile Production 11. Production Overview (Units) Year MPVs Buses Trucks SPVs %Chg. %Chg. %Chg. %Chg. %Chg. %Chg ,723, ,214, , , , ,086, ,489, ,190, , , , ,840, ,357, ,162, , , , ,699, ,122, ,068, , , , ,469, ,767, , , , , ,177, ,651, , , , , ,147, ,471, , , , , ,946, ,602, , , , , ,114, ,361, , , , , ,843, ,625, , , , , ,954, Note : % Chg. represents the variation rate over the previous year. MPVs : Multi Purpose Vehicles SPVs : Special Purpose Vehicles 25

26 Production by Maker Grand Sub Buses Trucks SPVs Sub Buses Trucks SPVs Sub Buses Trucks SPVs Sub Buses Sub Sub Buses Sub Trucks SPVs Sub SPVs GM Daewoo Ssangyong Renault Samsung Daewoo Bus Tata Daewoo Jindo 3,177,870 1,646,385 1,409,828 89, ,809 2, , ,335 55,446 78,097 9, , ,790 9,816 2, , ,134 8, , ,629 4,541 4,541 4,721 3,411 1, ,469,464 1,673,728 1,473,022 70, ,343 1,920 1,019, ,302 40,932 73,791 7, , ,587 10,795 3, , ,783 80,906 80,906 4,327 4,327 4,792 3,696 1, ,699,350 1,683,760 1,469,757 76, , ,105,170 1,000,140 23,492 72,962 8, , ,858 10,760 3, , , , ,438 4,626 4,626 4,657 3,299 1, ,840,102 1,618,268 1,386,904 85, , ,150,289 1,066,461 2,186 71,625 10, , ,227 17,396 5, , , , ,421 5,900 5,900 7,471 5,922 1, ,086,308 1,706,727 1,446,652 99, ,237 1,428 1,118,714 1,035,683 1,991 70,930 10, , ,548 1, , , , ,742 6,288 6,288 11,175 9,638 1, Maker Type Year (Units) Production

27 Production 13. Production by Type & Size Type Passenger Cars Size Maker Grand Sub Year ,177,870 2,767, ,735 3,469,464 3,122, ,738 3,699,350 3,357, ,261 3,840,102 3,489, ,840 (Units) ,086,308 3,723, ,666 Under 41,720 1,000cc 114, , , , , , , , , , ,394 1,028,515 1,165,948 1,401,299 1,001cc 1,600cc 423, , , , , , , , , , , , , , ,525 Renault Samsung 32,631 19,481 30,081 71,826 82, , , , , , , , , , ,996 1,601cc 164, , , , ,973 2,000cc 105, , , , ,123 Ssangyong 19,884 64,629 70,150 Renault Samsung 75,986 51,482 63,272 71,738 80, ,689 1,096,344 1,099, , , , , , , ,446 2,001cc 375, , , , ,689 3,000cc 17,066 14,094 6,991 13,628 31,053 Ssangyong 136, , ,496 46,938 47,059 Renault Samsung 9,012 8,978 18,265 14,241 12,236 48,953 79, , , ,859 28,813 36,943 61,368 79,435 57,336 Over 13,019 34,656 49, , ,555 3,001cc 5,565 25,011 Ssangyong 7,121 6,579 7,521 5,556 5,648 Renault Samsung 965 6,820 3,616 2,309 27

28 Production (Units) Type Trucks Size Maker Sub Year , , , , , , , , , ,505 Under 5.0 Tons 138,511 78,097 2, ,740 73,791 3, ,999 72,962 3, ,289 71,625 5, ,773 70, Tata Daewoo 566 4,226 2,080 2,451 2,474 4,390 1, ,482 1,585 1,385 1,527 1,024 Tons Tata Daewoo ,089 2, ,629 7,848 6,051 6,797 11,264 Over 4,816 5,018 3,841 4,304 6, Tons Tata Daewoo 2,813 2,830 2,210 2,493 4,824 Buses Sub 167, , , , , , ,947 96,592 92,446 85,781 Under 15 Persons 79,437 53,337 9,816 60,263 38,889 10,795 64,502 21,330 10,760 75,050 17,396 84,100 1,681 Ssangyong 8,562 7,371 6,363 6,853 7,120 9, Persons 6,289 5,891 6,757 6,086 8,464 Daewoo Bus 1, , ,983 10,187 11,570 11,194 14,400 Over 36 Persons 3,415 2,109 4,289 2,043 4,878 2,162 4,142 2,186 6,846 1,991 Daewoo Bus 3,459 3,855 4,530 4,866 5,563 SPVs Sub 13,359 10,776 10,585 12,532 13,075 28

29 Production 14. Production and Sales by Maker, Type and Model 2007 Maker Type Model Production Grand Sub CLICK 5DR 1.4 CLICK 5DR 1.5 DSL CLICK 5DR 1.6 CLICK EXPORT VERNA(MC) 1.4 VERNA(MC) 1.5 DSL VERNA(MC) 1.6 VERNA(MC) EXPORT AVANTE HD 1.6 DSL AVANTE HD 4DR 1.6 AVANTE HD 4DR 2.0 AVANTE HD EXPORT i30 5DR 1.6 i30 5DR 1.6 DSL i30 5DR 2.0 i30 EXPORT TUSCANI 2.0 TUSCANI 2.7 TUSCANI EXPORT SONATA 2.0 SONATA 2.0 DSL SONATA 2.0 LPG SONATA 2.4 SONATA 3.3 SONATA EXPORT GENESIS 3.3 GENESIS 3.8 GENESIS EXPORT GRANDEUR TG 2.4 GRANDEUR TG 2.7 GRANDEUR TG 2.7 LPG GRANDEUR TG 3.3 GRANDEUR TG 3.8 GRANDEUR TG EXPORT EQUUS 3.3 EQUUS 3.8 EQUUS 3.8 LIMOUSINE EQUUS 4.5 EQUUS 4.5 LIMOUSINE EQUUS EXPORT 4,086,308 1,706, ,671 5, ,579 5, ,159 5, , ,922 10,070 1, ,165 2, ,403 61,152 1,613 58, , ,896 56,051 20,498 5, ,599 6,135 4, Domestic Sales 1,219, , ,448 5, , ,073 6, , ,886 1, , ,066 1,561 57, ,729 55,146 20,154 4, ,499 4, Sales Exports 2,847,138 1,076, , , , ,861 60,259 31,550 45, , (Units) 4,066,473 1,701, ,107 5, ,246 5, , ,189 6, , ,861 9,886 1, ,259 2, ,550 59,066 1,561 57, , ,729 55,146 20,154 4, ,227 6,499 4,

30 Production Maker Type Model Production Domestic Sales Sales Exports (SUV) (CDV) Buses Trucks Sub TUCSON 2.0 DSL TUCSON 2.0 GSL TUCSON EXPORT SANTAFE 2.0 DSL SANTAFE 2.2 DSL SANTAFE EXPORT TERRACAN 2.9 DSL VERACRUZ 3.0 DSL VERACRUZ 3.8 GSL VERACRUZ EXPORT Sub LAVITA 1.6 LAVITA EXPORT TRAJET XG 2.0 DSL TRAJET XG 2.0 GSL TARJET XG EXPORT Sub GRAND STAREX GRAND STAREX EXPORT STAREX DSL STAREX EXPORT SUPER A/C UNIVERSE COUNTY COUNTY EXPORT GLOBAL900 AERO EXPORT AERO SPACE LD AERO SPACE LS AEROTOWN AEROTOWN EXPORT Sub LIBERO DSL LIBERO EXPORT MIGHTY MIGHTY EXPORT PORTER DSL PORTER EXPORT 3.5T 3.5T EXPORT 4.5T 5T 455,503 27, ,373 16,893 34, ,682 16, ,520 10,478 4,692 3,346 2,440 99,410 34,185 12,701 19,491 17,723 2,040 2,460 3,706 3, , ,237 5,256 1,047 6,841 6,372 75,058 37,299 4,155 6,671 3,054 4,484 97,334 29, ,010 33, , , , ,680 28,608 22,784 1,975 2,286 3, ,249 5,370 6,851 74,743 4,182 3,029 4, , , ,502 38,489 7,246 4,716 2,530 35,605 12,211 17, ,623 1,393 54,429 1,045 12,716 37, ,172 29, ,847 17,010 33, , ,983 38,489 11, ,716 4, ,530 96,285 28,608 12,211 22,784 17,804 1,975 2,860 3,669 3, , ,678 5,370 1,045 6,851 12,716 74,743 37,285 4, ,029 4,511 (Units) 30

31 Production (Units) Maker Type Model Production Trucks SPVs 5T EXPORT 7T 8.5T CARGO 8T CARGO 8T DUMP 9.5T CARGO 11.5T CARGO 14T CARGO 15T CARGO 15T DUMP 16T CARGO 19T CARGO 20T CARGO 22T CARGO 24T DUMP 25T CARGO HEAVY TRUCK EXPORT Sub Sub MORNING 1.0 VAN MORNING 1.0 5DR MORNING EXPORT PRIDE 1.4 4DOR HEV PRIDE 1.4 4DR PRIDE 1.4 5DR PRIDE 1.5 4DR DSL PRIDE 1.5 5DR DSL PRIDE 1.6 4DR PRIDE 1.6 5DR PRIDE EXPORT CERATO 1.6 4DR CERATO 1.6 4DR DSL CERATO 1.6 5DR CERATO 2.0 CERATO 2.0 5DR CERATO EXPORT LOTZE 1.8 LOTZE 2.0 LOTZE 2.0 DSL LOTZE 2.0 LPG LOTZE 2.4 LOTZE EXPORT 1, ,298 1,105 2,000 1,428 1,118, ,246 1,592 28, , , ,308 2,423 11,006 2, ,590 14, ,129 1,381 13, , ,414 Domestic Sales ,334 1,123 1, , ,852 1,665 26, , ,245 2,375 10,455 2,524 14,204 1, ,202 11, , Sales Exports 1,542 1, , , , , ,224 62,961 1, ,334 1,123 1,664 1,708 1,113, ,609 1,665 26, , , ,245 2,375 10,455 2, ,074 14,204 1, ,224 1,202 11, , ,961 31

32 Production (Units) Maker Type Model Production (SUV) (CDV) Buses Trucks SPVs OPIRUS 2.7 OPIRUS 2.7 LPG OPIRUS 3.0 OPIRUS 3.3 OPIRUS 3.8 OPIRUS EXPORT Sub SPORTAGE 2.0 DSL SPORTAGE 2.0 GSL SPORTAGE EXPORT SORENTO 2.5 DSL SORENTO EXPORT MOHAVE 3.0 DSL Sub NEW CARENS 2.0 DSL NEW CARENS 2.0 LPG NEW CARENS EXPORT EP ( s OEM model) NEW CARNIVAL 2.7 LPG NEW CARNIVAL 2.9 DSL GRAND CARNIVAL 2.7 LPG GRAND CARNIVAL 2.9 DSL GRAND CARNIVAL EXPORT Sub SD I 948 SD II 949 Sub BONGO 1T BONGO 1.4T Sub Sub NEW MATIZ NEW MATIZ VAN GENTRA 3DR GENTRA 4DR 1.2 DOHC GENTRA 4DR 1.2 SOCH GENTRA 4DR 1.5 SOHC GENTRA 4DR 1.6 DOHC GENTRA 5DR 1.2 DOHC GENTRA 5DR 1.4 DOHC 7,822 4,589 11, , ,076 35, ,210 10,006 85,595 1, , ,703 81,240 12, ,009 1,490 13,487 67,513 1, , ,930 58,122 12,808 10, , , ,029 1, ,638 34,490 64, Domestic Sales 7,361 4, , ,526 31, ,963 52, , ,079 1,391 14,657 1, , ,946 30,686 7,260 9, ,542 95,851 51,966 1, ,584 Sales Exports 10, , ,014 85, ,988 80,748 12,267 67, ,173 32, , , ,780 7,361 4, , , ,120 31, ,963 85, , ,588 80,748 12, ,079 1,391 14,657 67,973 1, , ,119 62,859 7,260 9, , , ,746 1, ,584 32

33 Production Maker Type Model Production Domestic Sales Sales Exports (SUV) (CDV) Buses GENRTA 4DR 1.4 DOHC GENTRA EXPORT GENTRA X 1.2 DOHC GENTRA X 1.4 DOHC GENTRA X 1.6 DOHC KALOS 3DR 1.6DOHC KALOS 5DR 1.2 SOHC KALOS 5DR 1.5 SOHC KALOS 5DR 1.6 DOHC KALOS EXPORT LACETTI 4DR 1.6 DOHC LACETTI 4DR 2.0 DSL LACETTI 5DR 1.6 DOHC LACETTI 5DR 2.0 DSL LACETTI WAGON 2.0 LACETTI EXPORT MAGNUS 2.0 DOHC G2X 2.0 DOHC STATESMAN 2.8 DOHC STATESMAN 3.6 DOHC TOSCA 1.8 DOHC TOSCA 2.0 DOHC TOSCA 2.0 DSL TOSCA 2.0 LPG TOSCA 2.5 DOHC TOSCA EXPORT Sub WINSTORM 2.0 WINSTORM 2.4 DOHC WINSTORM 3.2 DOHC WINSTORM/C100 EXPORT C C C Sub REZZO 1.6 GSL REZZO 2.0 GSL REZZO 2.0 LPG REZZO Export Sub DAMAS COACH GSL DAMAS COACH LPG DAMAS VAN GSL 54,009 1, ,131 8, ,649 59,135 72,456 2,080 17,606 4,993 1, , ,657 7,068 10,487 12, ,774 73,289 14,505 21,844 34,534 4,435 3,167 19,682 11,374 6,516 1,792 1, ,435 1, , , , , ,738 28,738 2,335 2,335 3,112 1, , , ,202 37, , ,610 18,240 18,240 1, ,969 11, , , , , , ,348 28, ,610 20,575 18,240 4,827 1,829 (Units) 33

34 Production (Units) Ssangyong Renault Samsung Maker Type Model Production Buses Trucks (SUV) (CDV) (SUV) DAMAS VAN LPG DAMAS Export Sub LABO GSL LABO LPG LABO Export Sub CHAIRMAN 2.8 CHAIRMAN 3.2 CHAIRMAN 3.6 CHAIRMAN LIMOUSINE 3.6 Sub ACTYON 2.0 DSL ACTYON 2.3 GSL ACTYON SPORTS 2.0 ACTYON EXPORT KYRON 2.0 DSL KYRON 2.7 DSL KYRON 3.2 GSL KYRON EXPORT REXTON 270 DSL REXTON 290 DSL REXTON 320 GSL REXTON EXPORT Sub RODIUS 2.7 DSL RODIUS 3.2 DSL RODIUS EXPORT Sub SM3 1.5 SM3 1.6 NEW SM5 2.0 NEW SM5 2.0 LPG SM7 2.3 SM7 3.5 Sub QM5 2WD QM5 4WD ,857 9,571 5,891 2, ,942 17,382 3,767 23,434 29,334 4,881 1,036 23, ,344 9, , , ,659 54,448 21,603 12,236 2,309 4,882 4, Domestic Sales 1, ,616 9,689 5,957 2, ,206 10,039 15,463 13,157 1,303 8, ,721 2, , ,686 27,492 51,004 22,053 11,916 2,221 2,518 1, Sales Exports 1, , ,299 19,586 21,970 15,743 6,719 6,719 54,971 54, , ,283 1,715 1, ,689 9,744 5,957 2, ,505 10,039 15,463 19,586 13,157 1,303 21,970 8, ,743 9,440 2,721 6, , , ,429 51,278 22,053 2,241 2,518 1,

35 Production (Units) Maker Type Model Production Daewoo Bus Tata Daewoo Buses Trucks SPVs BC211M BH090 BH115E BH116 BH117 BH119 BH120 BS090 BS106 BS110CN BS120CN BX212 FX 120 FX 212 FX115 FX116 ROYAL CITY EXPORT ROYAL EXPORT Sub 4.5 CARGO 5T CARGO 7T CARGO 8T CARGO 8.5T CARGO 8T DUMP 9.5T CARGO 11.5T CARGO 14T CARGO 15.5T CARGO 15T DUMP 16.5T CARGO 16T CARGO 17T CARGO 19.5T CARGO 19T CARGO 22.5T CARGO 24T CARGO 24T DUMP 25.5T DUMP 25T CARGO Sub 6, , , ,175 9,638 2,927 1, , ,460 1,537 Domestic Sales 4, , ,918 8,309 3,044 1, , Sales Exports 1,613 1, ,846 1, , , ,764 9,422 3,044 1, ,458 1,342 35

36 36 3,728,650 1,142,562 2,586,088 3,370, ,550 2,456, ,424 76,346 43, , ,699 85,054 11,398 9,967 1,431 Domestic Sales Exports Domestic Sales Exports Domestic Sales Exports Domestic Sales Exports Domestic Sales Exports TOTAL Passenger Cars Buses Trucks SPVs ,812,474 1,164,254 2,648,220 3,465, ,681 2,530, ,575 74,077 31, , ,392 85,799 11,847 11, ,066,473 1,219,335 2,847,138 3,704, ,416 2,718, ,157 70,192 38, , ,010 88,307 13,035 11,717 1, ,473,215 1,093,652 2,379,563 3,134, ,977 2,276, ,221 91,024 40, , ,628 62,082 10,731 10, ,133,250 1,318,312 1,814,938 2,721,998 1,001,874 1,720, , ,517 46, , ,546 47,705 13,930 13, Type Description Year (Units) 2. Automobile Sales Sales

37 Domestic Sales 21. Domestic Sales of Automobiles 211. Domestic Sales Overview (Units) Year Buses Trucks SPVs %Chg. %Chg. %Chg. %Chg. %Chg , , , , ,219, , , , , ,164, , , , , ,142, , , , , ,093, ,001, , , , ,318, ,225, , , , ,622, ,065, , , , ,451, ,057, , , , ,430, , , , , ,273, , , , , , Note : %Chg. represents the variation rate over the previous year. 37

38 38 Grand 1,142, , ,337 54, , , ,603 7,794 36,554 8, ,583 93,658 10,451 3,474 75,527 75, , ,425 3,665 3,665 3,019 2, Sub Buses Trucks SPVs Sub Buses Trucks SPVs Sub Buses Trucks SPVs Sub Buses Sub Sub Buses Sub Trucks SPVs Sub SPVs Ssangyong Renault Samsung Daewoo Bus Tata Daewoo Jindo ,164, , ,488 55,493 97, , ,949 1,984 37,874 9, , ,088 12,099 4,145 56,068 56, , ,088 4,501 4,501 4,576 4, ,219, , ,945 60, ,249 1, , ,727 1,950 37,946 9, , ,924 3, ,616 60, , ,204 4,450 4,450 8,918 8, ,093, , ,779 62,220 95,612 1, , ,128 14,659 32,346 7, ,457 89,999 10,777 3,681 97,851 97,851 82,220 82,220 3,368 3,368 3,763 2, ,318, , ,861 84, ,753 2, , ,539 12,845 65,075 9, , ,049 8,877 2, , ,176 3, , ,249 3,472 3,472 3,877 2, Maker Year Type (Units) 212. Domestic Sales by Maker Domestic Sales

39 Domestic Sales 213. Domestic Sales by Type & Size Type Size Maker Year 2003 Passenger Grand Sub 1,318,312 1,001,874 Cars 42, ,093, ,977 65,265 (Units) ,142, ,550 63,053 1,164, ,681 59,576 1,219, ,416 82,197 Under 1,000cc 8,218 20,371 16,404 20,346 28,404 34,128 44,894 46,649 39,230 53, , , , , ,075 1,001cc 1,600cc 117,823 26,547 46,697 89,981 23,636 25, ,199 38,777 26, ,531 44,445 20, ,052 41,760 15,771 Renault Samsung 29,878 20,170 27,816 29,795 27, , , , , , , , , , ,939 1,601cc 73,428 75, ,987 95,826 97,101 2,000cc 34,844 19,047 19,240 51,197 57,155 Ssangyong 8,157 30,223 38,659 Renault Samsung 72,150 52,830 61,753 71,920 75, , , , , ,079 77,354 57,480 77, , ,340 2,001cc 115,651 77,260 53,232 52,592 44,435 3,000cc , Ssangyong 119,842 92,693 62,082 21,835 18,185 Renault Samsung 8,221 8,405 19,105 13,917 11,916 16,927 16,201 41,617 39,220 34,636 9,898 9,884 28,813 23,805 17,614 Over 1, ,740 11,027 3,001cc Ssangyong 5,334 5,158 5,288 4,010 3,772 Renault Samsung 815 6,751 3,456 2,221 39

40 40 Sub Sub Sub 76,346 63,536 47,168 5,917 10,451 3,738 3, ,072 3,618 1,877 3, , ,377 95,349 36,554 3,474 2,738 1,486 1,252 4,584 3,256 1,328 9,967 74,077 60,874 48,775 12,099 4,611 3,586 1,025 8,592 3,132 1,984 3, , , ,529 6,436 4, ,130 1,689 2,441 4,643 3,354 1,289 11,104 70,192 54,504 51,392 3,112 5,384 4, ,304 4,638 1,950 3, , ,515 98,686 37, ,377 1,470 1, ,025 4,521 3,504 11,717 Ssangyong Daewoo Bus Daewoo Bus Tata Daewoo Tata Daewoo Tata Daewoo Under 15 Persons 1635 Persons Over 36 Persons Under 5.0 Tons Tons Over 12.0 Tons Buses Trucks SPVs ,024 79,380 55,575 13,028 10,777 3,851 3, ,793 3,223 1,631 2, , ,294 90,267 32,346 3,681 2,564 1,420 1,144 5,770 3,925 1,845 10, , ,876 78,296 11,801 8,877 3,902 4,411 3, ,230 2,564 1,044 2, , , ,164 65,075 2,833 2,268 1, ,206 4,215 1,991 13, Type Size (Units) Maker Year Domestic Sales

41 Export 22. Automobile Exports 221. Exports Overview (Units) Year MPVs Buses Trucks SPVs %Chg. %Chg. %Chg. %Chg. %Chg. %Chg ,718, , , , , ,847, ,530, , , , ,648, ,456, , , , , ,586, ,276, , , , ,379, ,720, , , , ,814, ,413, , , , ,509, ,397, , , , ,501, ,544, , , , ,676, ,390, , , , , ,509, ,228, , , , , ,362, Note : %Chg. represents the variation rate over the previous year. 41

42 Exports by Maker Grand 2,586,088 1,131,211 1,063,777 24,768 42, , ,089 16,341 42, , , , ,610 3,610 1,016 1,016 1,408 1,408 Sub Buses Trucks SPVs Sub Buses Trucks SPVs Sub Buses Trucks SPVs Sub Buses Sub Sub Buses Sub Trucks SPVs Ssangyong Renault Samsung Daewoo Bus Tata Daewoo ,648,220 1,032, ,178 27,718 49, , , , , ,938 2, ,035 60,035 41,320 41,320 1,363 1,363 1,678 1, ,847,138 1,076, ,743 35,605 54, , , , , ,422 1, ,073 64,073 54,971 54,971 1,613 1,613 1,846 1, ,379,563 1,124,207 1,083,386 12,545 28, , ,591 33, , ,639 32,533 32, ,878 2,878 1,025 1, ,814,938 1,012, ,338 18,327 23, , ,513 22,776 24, , , ,406 11,001 4,405 1,127 1,127 1,045 1, Maker Type Year (Units) Exports

43 Export 223. Exports by Type & Size (Units) Type Size Maker Year Grand 1,814,938 2,379,563 2,586,088 2,648,220 2,847,138 Passenger Cars Sub 1,720,124 97,131 2,276, ,310 2,456, ,797 2,530, ,445 2,718, ,268 Under 31, ,000cc 95, , , ,488 65,234 71, , , , , , , ,075 1,081,214 1,001cc 1,600cc 305, , , , , , , , , , , , , , ,791 Renault Samsung 533 1,795 2,460 40,813 54, , , , , , , , , ,250 4,716 1,601cc 86,615 28,916 32, , ,709 2,000cc 79, , , , ,241 Ssangyong 3 13,679 19,586 Renault Samsung , , , , , , , , , ,039 2,001cc 257, , , , ,594 3,000cc 26,643 20,697 39, ,610 Ssangyong 10,538 31,870 65,099 46,118 44,432 Renault Samsung ,529 62,231 84, , ,784 Over 3,001cc Ssangyong 18,794 9, ,412 34, ,660 48, , , ,459 90, Renault Samsung

44 44 Sub Sub Sub 43,078 37,668 20,673 16, ,105 3,105 2, ,016 85,054 84,336 41,948 42, ,431 31,498 26,339 24,124 2,215 2,261 2,261 2,898 1, ,363 85,799 83,618 48,052 35, ,122 1,104 1, ,965 31,730 30,015 1,715 3,623 3,623 3,612 1, ,613 88,307 85,530 52,765 32, ,650 1, ,318 Ssangyong Daewoo Bus Daewoo Bus Tata Daewoo Tata Daewoo Under 15 Persons 1635 Persons Over 36 Persons Under 5.0 Tons Tons Over 12.0 Tons Buses Trucks SPVs ,197 36,543 10,319 26, ,684 1, , ,082 61,707 27,864 33, ,554 41,809 15,715 21, ,405 2,061 1, , , ,705 47,204 22,914 24, Type Size (Units) Maker Year Exports

45 Exports by Region and Country Grand 2,648, , , ,425 47, , , , ,211 73,318 48,671 52,871 21,479 30,664 1,140 1,661 12,394 28,758 14,848 7,097 16,941 14,990 1,878 6, , , ,751 4,409 12,894 36,068 14,320 3,103 1,921 2,800 17,458 17,011 7,932 U.S.A Canada Mexico Italy Germany Spain UK Netherland France Greece Belgium Malta Cyprus Sweden Austria Ireland Portugal Finland Switerland Iceland Norway Gibraltar Others Western Europe Sub Russia Croatia Bulgaria Ukraine Rumania Kazakhstan Azerbaijan Uzbekistan Hungary Czech Slovenia North America Europe ,040 5,187 5,187 15,441 1, , ,280 4, CVs 2,530, , , ,425 42, , , , ,352 73,318 48,634 52,046 21,478 30,570 1,140 1,661 12,381 28,298 14,848 6,703 16,941 14,561 1,814 5, , , ,281 4,125 12,506 35,416 14,024 2,516 1,791 2,685 16,909 16,679 7,896 Cars 2,586, , , ,702 23, , , , , ,243 46,941 66,235 34,200 28,205 1,548 2,047 15,441 23,512 14,633 10,127 12,770 16,660 8,062 2, , ,187 1,259 78,523 5,822 23,907 35,825 1,836 6,597 2,904 21,405 11,890 5, , ,924 1, , , , CVs 2,456, , , ,702 23, , , , , ,243 46,550 65,236 34,200 28,028 1,548 2,047 15,410 22,605 14,633 9,310 12,770 16,073 7,561 2, , ,380 1,137 75,992 5,550 23,564 35,238 1,372 6,369 2,898 20,782 11,497 5,210 Cars 2,847, , , ,554 60, ,997 81, ,678 89,716 62,479 28,056 42,779 18,463 26,911 1,089 1,779 11,344 12,779 14,353 6,580 8,758 10,326 1,635 5, , , ,063 3,506 6,526 68,737 14,210 5,641 5,446 2,928 35,626 12,982 6, ,590 7,746 7,746 12, ,156 5, CVs 2,718, , , ,554 52, ,012 81, ,195 88,822 62,476 27,599 42,030 18,463 26,760 1,089 1,779 11,344 12,740 14,194 6,319 8,698 10,148 1,635 5, , , ,753 3,222 6,259 68,059 13,844 4,762 4,891 2,900 35,626 12,935 6,530 Cars Region & Country (Units) Exports

46 46 30,061 1, ,737 4, , ,591 82,403 22,195 19,074 22,090 41,824 3,154 19,177 3,497 8,523 6,732 5,911 26,454 4,450 1,636 4, ,516 51,954 28,294 6,747 20,462 28,621 3,093 12,108 4,204 4,689 9,120 7,728 2,380 Poland Estonia Lithuania Latvia Slovakia Others Eastern Europe Sub Saudi Arabia Syria Israel U.A.E Turkey Lebanon Oman Iraq Kuwait Qatar Jordan Egypt Barein Yeman Iran Palestain Chile Columbia Puerto Rico Ecuador Venezuela Dominican Rep. Brazil Costa Rica El Salvador Guatemala Panama Martinique Europe Middle East Central & South America ,161 32,744 4,243 7, ,782 10, , ,778 1, ,917 9,808 3, ,353 1, , ,613 2, CVs 29,083 1, ,638 3, , ,847 78,160 14,368 18,752 20,308 31,385 3,145 18,273 1,438 7,671 5,980 4,133 25,303 4,218 1,258 4, ,599 42,146 25,206 6,701 19,109 27,522 2,419 9,785 3,459 2,076 6,820 7,022 2,208 Cars 11, ,262 1, , ,658 70,123 17,277 34,917 20,491 63,034 2,909 13,785 1,818 5,985 3,660 5,672 20,832 2,003 1,286 1, ,067 44,158 26,343 9,609 18,085 5,277 2,973 5,560 3,224 4,579 7,812 4,680 2, , ,117 38,690 5,756 6, ,617 15, ,103 1, , ,743 9,735 2, , , ,604 2, CVs 10, ,179 1, , ,968 64,367 10,610 34,545 17,874 47,167 2,766 12, ,197 2,765 4,127 20,228 1, , ,324 34,423 23,756 9,527 16,144 4,981 2,451 2,865 2,643 1,975 5,525 4,175 2,115 Cars 19,478 1, ,459 6, , ,030 96,513 27,132 29,886 26,010 34,944 4,745 20,226 6,002 12,510 6,504 7,693 31,666 6,128 1,688 17, ,919 73,850 45,629 4,597 13,943 48,113 4,065 40,830 5,274 5,569 5,592 10,770 1, ,829 29,835 4,103 5, ,276 10, , , ,861 12,304 3, , , ,422 2, CVs 19,293 1, ,459 6, , ,195 92,410 21,223 29,876 23,734 24,418 4,711 19,687 3,594 12,239 6,036 5,518 31,340 5,896 1,133 17, ,058 61,546 42,298 4,547 13,396 45,663 3,321 35,062 4,366 2,147 3,435 10,303 1,853 Cars Region & Country (Units) Exports

47 47 2,299 5,175 21, ,247 87,512 9,549 2, ,928 33,469 10,732 17,066 4,105 8,939 1,000 1,248 1, , , ,797 60,935 26,635 6,739 5,548 9,094 1,497 22,694 3,943 1,516 6,196 Trinidad & Tobago Peru Others Australia New zealand New Caledonia Tahiti Guam Polynesia Others China Malaysia Singapore Taiwan Philippines Japan Indonesia Vietnam Thailand Brunei Hongkong Pakistan India Others South Africa Algeria Nigeria Canary Islands Morocco Reunion Libya Angola Sudan Others Pacific & Oceania Asia Africa ,872 4,462 2,155 1, , ,539 2, , ,365 11,851 5, , ,361 CVs 1,643 3,303 17, ,092 86,266 9,489 1, ,697 33,280 10,731 16,766 2,566 6, , , ,432 49,084 21,526 6,303 5,050 8,194 1,218 20,662 3,239 1,321 4,835 Cars 2,278 4,000 18,086 99,096 86,866 7,658 2, , ,366 32,947 19,780 23,346 10,998 7,118 4,174 11,526 1,342 3,433 3,922 1,114 2,342 1,384 1, , ,171 3,708 5,970 5,615 1,945 8,046 2,085 49,526 6, ,394 4,234 5,212 3, , ,494 2, ,993 1,278 2, ,050 7, , , ,750 1,721 CVs 1,286 2,606 13,852 93,884 83,031 7,053 1, ,822 32,719 19,148 22,493 8,504 4,658 4,161 9, ,810 1,092 2,260 1,195 1,658 84, ,120 3,295 5,158 4,303 1,612 6,860 1,613 36,776 4,819 Cars 2,809 8,751 29, , ,462 8,784 2, ,107 1,872 89,728 43,622 7,365 9, , ,517 5, , , ,190 59,645 50,029 10,857 4,264 17,860 1,127 19,922 5,627 1,151 6, ,643 5,360 1, , , ,427 2, ,941 12,772 7, , ,013 CVs 2,175 5,108 23, , ,615 8,668 2, ,699 81,426 43,518 7,218 9, , ,090 3, , , ,249 46,873 42,199 10,451 4,047 15,773 1,087 19,247 4,851 1,026 5,695 Cars Region & Country (Units) Exports

48 Imports & Registration 3. Automobile Imports Region Country North Sub America U.S.A Mexico Canada Sub Germany Italy Europe Sweden U.K. Belgium France Others Japan Others Grand 6,357 4, ,445 17, , ,060 1,273 10,770 3,760 45, Passenger cars 5,208 3, ,990 16, , , ,765 2,612 39,575 5,748 4, ,570 23, , ,166 1,691 2,648 14,701 2,250 55, Passenger cars 4,328 3, ,404 22, ,166 1,675 2,267 13, ,696 9,751 8,172 1, ,918 28, ,198 1,762 1,237 2,839 3,229 21, ,227 (Units) 2007 Passenger cars 8,072 6,502 1, ,121 26, ,274 1,563 1,237 2,780 2,316 19, ,883 Source : Korea Customs Service 4. Automobile Registration Buses Trucks SPVs Year %Chg. %Chg. %Chg. %Chg. %Chg. (Units) ,099, ,104, ,171, , ,428, ,606, ,105, ,133, , ,895, ,122, ,124, ,102, , ,397, ,620, ,204, ,062, , ,934, ,278, ,247, ,016, , ,587, ,737, ,275, ,894, , ,949, ,889, ,257, ,728, , ,914, ,084, ,427, ,511, , ,059, ,837, , ,298, , ,164, ,580, , ,104, , ,469, Note : 1. % Chg. represents the variation rate over the previous year. 2. Figures include imported vehicles. Source : The Ministry of Land, Transport and Maritime Affairs 48

49 Sales in US & Western Europe 5. Automobile Sales in US and in Western Europe 51. Light Vehicle Sales in US by Origin (Units) ,639,053 16,866,920 16,947,754 16,502,696 16,089,222 US Manufactured 13,328,822 13,471,603 13,545,906 12,811,289 12,336,074 Big3 9,991,817 9,779,429 9,516,788 8,742,314 8,105,884 Japanese T/P 3,070,699 3,483,396 3,735,394 3,627,515 3,743,624 Korean T/P 65, , ,989 European T/P 266, , , , ,577 Import Cars 3,310,231 3,395,317 3,401,848 3,691,407 3,753,148 European 647, , , , ,261 Japanese 701,525 1,639,461 1,692,295 2,095,281 2,222,903 Korean 1,678, , , , ,493 Big3 283, , , , ,491 Note : 1. T/P : Transplant in US 2. Light Vehicle Figures include cars and light trucks Source : Wards Auto 52. Passenger Car Sales by Maker in Western Europe (Units) VW Group PSA Group Ford Group GM Group Renault Group Fiat Group Daimler BMW Group Japan Korea Others Chrysler Toyota Nissan Honda Mazda Others Others 14,212,669 2,585,521 2,105,068 1,563,542 1,389,632 1,505,158 1,055, ,139 92, ,085 1,806, , , , , , , , , , ,642 14,524,450 2,624,341 2,036,522 1,626,560 1,427,022 1,489,285 1,058, ,442 88, ,770 1,911, , , , , , , , , , ,058 14,504,759 2,745,494 1,985,717 1,579,738 1,530,843 1,420, , ,807 84, ,069 1,964, , , , , , , , ,004 27, ,577 14,763,013 2,922,756 1,943,369 1,578,825 1,503,309 1,265,187 1,120, , , ,193 2,098, , , , , , , , ,349 33,234 70,537 14,792,143 2,883,404 1,942,809 1,612,795 1,509,620 1,195,385 1,194, , , ,377 2,115, , , , , , , , ,374 25,922 63,337 Source : ACEA 49

50 Licensed Drivers 6. Licensed Drivers (Persons) Type 1 Type 2 Year % shr. Large Size Ordinary Small Size Special Sub Ordinary Small Size Two Wheeler Sub ,088, ,569,687 13,289, ,342 14,862,784 8,752,021 8, ,481 9,225, ,497, ,497,985 12,474, ,470 13,976,106 9,030,307 8, ,625 9,521, ,735, ,405,017 11,715, ,267 13,124,097 9,107,720 8, ,135 9,610, ,062, ,325,825 11,102, ,268 12,431,838 9,109,779 7, ,028 9,630, ,223, ,270,504 10,400, ,404 11,674,426 9,001,680 8, ,815 9,548, ,884, ,203,106 9,476, ,079 10,682,956 8,634,346 7, ,132 9,201, ,697, ,141,159 8,677, ,982 9,821,825 8,285,863 7, ,023 8,875, ,728, ,069,658 8,788, ,477 10,073,113 8,695, ,309 1,831,831 10,655, ,549, ,002,990 8,155, ,039 9,348,570 8,259, ,588 1,829,323 10,200, ,532, ,927 7,661, ,523 8,775,627 7,838,875 93,123 1,824,547 9,756,545 Note : % shr. means the share of licensed drivers among total population. Source : National Police Office 50

51 Roads 7. Roads (Km) Year Length of Roads Paved Highways National Roads Special City Roads Local Roads City/County Roads % % % % % ,061 79, ,103 14, , , , ,293 78, ,968 14, , , , ,278 76, ,923 14, , , , ,252 74, ,778 14, , , , ,037 73, ,778 14, , , , ,396 70, ,637 14, , , , ,775 67, ,131 12, , , , ,534 65, ,041 12, , , , ,990 64, ,996 12, , , , ,968 62, ,889 12, , , , Source : The Ministry of Land, Transport and Maritime Affairs 51

52 Member Companies

53 Member Companies Motor Company Genesis HEAD OFFICE : 231, Yangjaedong, Seochogu, Seoul , Korea Tel : Fax : Motor Company, South Korea s leading automaker, is growing into a truly global company in terms of not only size, but quality and brand recognition. The company currently has an annual production capacity of 3,390,000 units, of which about 1,790,000 units are manufactured at s Ulsan, Asan and Jeonju factories in Korea. The other 1,600,000 units are made in overseas factories, as part of Motor Company s global policy aimed at localization. Employing over 75,000 people worldwide, Motor is operating local comprehensive production facilities inclusive of parts production in nations with strong market potential such as India, China and Turkey. In each of these markets, the company has been posting positive growth and sales. Motor also has two more plants under construction in the Czech Republic and Russia. Motor began construction of a 1.1 billion euro manufacturing plant in Nosovice, Czech Republic in April 2007 with the aim of completion in March Motor Manufacturing Czech (HMMC), a fullyowned subsidiary of Seoulbased HMC, will have the capacity to build 300,000 vehicles annually. In the second phase, an additional 100,000 units per annum of capacity will be added by Furthermore, Motor selected St. Petersburg as the site of its first manufacturing operation in Russia. Construction will begin in the first half of 2008 and the plant will have an annual capacity of 100,000 units. Motor has promoted complete localization of its activities from vehicle design to test and evaluation by linking local R&D centersand test bases around the world, including the California Design Center, the American Technical Center Inc., the Mojave Proving Ground (U.S), Motor Europe Technical Center (Germany) and the Motor Japan R&D Center (Japan). As a result, the company is able to produce vehicles suited to the tastes and needs of local customers and is thereby poised to expand its sales. As a result of its global management system, Motor was recognized as one of the Global Top 100 brands for three consecutive years, achieving an official brand value of U$4.5 billion. Motor is the first and only Korean automaker to achieve such recognition. The company has been doing its best to improve overall product quality and this year, its efforts were recognized. Two vehicles made by Motor, the Elantra SE and the Santa Fe,made the Consumer Reports Top Picks list for 2008, marking the first time a Korean automaker was included in the list. The Elantra SE was named best small sedan, while the Santa Fe was named best midsized sport utility vehicle. Consumer Reports is one of the most trusted sources for information and advice on consumer products and services. HMC, which has a 51 percent market share in Korea and over two dozen autorelated subsidiaries and affiliates, sells its vehicles in 193 countries through some 6,000 dealerships and showrooms. Motor stresses both quantitative growth and quality innovation, and through these efforts, will be able to increase production and sales, as well as raise its brand competitiveness, quality, and research and development capabilities to the highest level. Main Products i10, Atos/Santro, Getz/Click, Accent/Verna, Elantra/Avante, i30, Sonata, Azera/Grandeur, Tiburon (Coupe), Genesis, Centennial/Equus Recreational Vehicles Matrix, Tucson, Santa Fe, Veracruz, Entourage Commercial Vehicles H1, H100, Porter, HD series of medium and heavyduty trucks buses and special purpose vehicles Present Status Employees : 55, Sales : 30,489 KRW bil Capital : 1,487 KRW bil. Company Motto Diligence, Frugality, Love Foundation Day December 29,

54 Member Companies Motors Corporation Mohave HEAD OFFICE : 231, Yangjaedong, Seochogu, Seoul , Korea Tel : Fax : Motors Corporation( was founded in 1944 and is Korea s oldest manufacturer of motor vehicles. In1999, it has become a member of the Automotive Group. today has 40,000 employees around the world and annual revenues of almost US$17 billion. More than 1.4 million vehicles are sold annually and serviced through a network of distributors and dealers covering 165 countries. In March 2005 reached the milestone of exporting 5 million vehicles. has three production centers in Korea Hwasung, which boasts annual production of 390,000 units; Sohari, which manufactures 240,000 units a year; and Kwangju, which produces 350,000 vehicles annually. is constantly upgrading and expanding its overseas production facilities. The Slovakia plant (KMS: Motors Slovakia), which is s first manufacturing facility in Europe, started to produce from the end of In 2007, opened its second production plant in China and its firstever North American factory is currently being built in Geogia, USA. is the major sponsor of the Australian Tennis Open and an official worldwide sponsor of the Davis Cup. Also it is an official automotive partner of FIFA the governing body of the FIFA World Cup as well as a EUROTOP partner of UEFA. Motors Corporation s brand slogan The Power to Surprise represents the company s global commitment to surpassing customer expectations through continuous automotive innovation. Main Products Morning (Picanto), Pride(Rio) Cerato(Spectra) Lotze(Optima/Magentis) Opirus(Amanti) Recreational Vehicles New Carens(Rondo) Grand Carnival(Sedona) New Sportage Sorento Commercial Vehicles: Largesized Buses Smallsized Trucks Special Purpose & Military Vehicles Present Status Employees : 32, Sales : 15,949 KRW bil Capital : 1,849 KRW bil. Company Motto Diligence, Frugality, Love Foundation Day December 11,

55 Member Companies Auto & Technology Company Winstorm HEAD OFFICE : 199, Chongcheondong, Bupyeonggu, Incheon , Korea Tel : Fax : Auto & Technology () was established on October 17, With headquarters in Incheon, Korea, it manufactures a family of vehicles and powertrains for the Korean and global market. employs about 16,000 people worldwide in its core automotive business. operates five manufacturing facilities in the Korean cities of Gunsan, Changwon and Incheon, and a powertrain plant that builds transmissions in Boryung. It also hasan assembly facility in Hanoi, Vietnam, called Vietnam Auto & Technology (VIDAMCO). In addition, provides market and brandspecific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela. The Design Center and Technical Center in Bupyung are developing the next generation of products. The Center for Manufacturing is overseeing research in production technology. is the home of GM s global small and minicar architectural development teams, which are developing the next generation of products for the GM Group. s product lineup includes the Matiz, Gentra, Gentra X, Lacetti, Tosca passenger cars and Winstorm SUV, Damas and Labo mini commercial vehicles as well as gasoline and diesel engines, transmissions. produces vehicles and kits for Chevrolet, Buick, Opel, Vauxhall, Pontiac, Holden and Suzuki that are offered in more than 150 markets on six continents. Main Products Tosca(Epica), Lacetti(Optra) Gentra (Aveo 4 Doors), GentraX (Aveo 5 Doors), Matiz(Spark) Recreational Vehicles Winstorm(Captiva) Mini Commercial Vehicles Damas, Labo Roadster G2X Present Status Employees : 16, Sales : 12,514 KRW bil Capital : 101 KRW bil. Company Vision A Global Leader in Automotive Design, Quality and Customer Value Foundation Day October 17, 2002 In 2007, sold in Korea and exported more than 1,880,000 vehicles. Further information about can be found at 55

56 Member Companies Ssangyong Motor Company Chairman W HEAD OFFICE : 1503, Chilgoedong, Pyungtaek, Gyonggido, Korea Tel : Fax : SsangYong Motor started manufacturing buses in 1954, becoming the first to do so in the domestic automobile industry, which was no different from a barren land in terms of automobiles. Since then, the company has been making efforts to create the world s leading automobiles, including the Rexton II and the Chairman W, which offer the world s topnotch performance, quality, reputation, and class. SsangYong Motor developed the Korando Family in 1988, and the Musso (standard SUV), Korando (SUV for youths), and the Chairman (leading topclass large passenger vehicle) in the 1990s. Based on such experience, the company developed the Rexton (premium SUV), Musso SUT (Korea s first sports pickup), Kyron and Actyon (small to midsized SUV), Rexton II (environmentalfriendly vehicle), and Chairman W (Korea s flagship sedan) in the 2000s. SsangYong Motor has always been performing a pioneering role in the history of automobiles. SsangYong Motor is also enjoying a leadership position in the domestic diesel engine field. The company succeeded in the independent development of the XDi270 XVT (2,700cc) and XDi200 XVT (2,000cc) engines, which are thirdgeneration common rail Direct Injection diesel engines, which are outstanding in all aspects output, performance, quality, durability, and environmentalfriendliness. By so doing, the company showcased its cuttingedge technologies at home and abroad once again. Main Products SUV Rexton II, Kyron, Actyon Actyon Sports Passenger Car Chairman W, Chairman H RV Rodius(Stavic) Present Status Employees : 7, Sales : 3,119 KRW bil Capital : 604 KRW bil. Company Vision The Global Automotive Company Creating a High Value Life Style Foundation Day January 1954 SsangYong Motor became a member of SAIC Motor Co., Ltd., the largest automobile group in China, in In March 2007, the company announced its mid to longterm development strategy, which is to achieve a sales volume of morethan 6 trillion won by selling 330 thousand units of vehicles a year and building a full lineup by Since then, SsangYong Motor has been taking one step at a time to advance into the world stage, such as the commencement of construction for a new plant in October Moving forward, SsangYong Motor will strengthen cooperation with SAIC Motor in various areas, such as research and development, global sourcing, and the sharing of overseas networks, to provide highquality products and services. By so doing, the company will realize its vision of becoming a global automobile company that offers its customers a highvalue lifestyle. 56

57 Member Companies Renault Samsung Motors Co., Ltd. SM7 HEAD OFFICE : 185, Shinhodong, Kangseogu, Busan Korea Tel : Fax : Renault Samsung Motors, which is a member of the RenaultNissan Alliance, is a fullfledged Korean automotive company with worldclass competitiveness based on cuttingedge technologies, design capabilities, etc. It is a company that brings together resources and capabilities of Korea, Renault of France, and Nissan of Japan. In other words, it is a company with a unique corporate structure under which different cultures of the three nations and capabilities of three different companies are combined together to create synergies. These synergies have allowed the company to provide Korean customers with superior cars and differentiated services maximizing customer satisfaction. In 2007, Renault Samsung Motors added Crossover vehicle, QM5, to the current sedan lineups, SM3, SM5, and SM7 that are one of bestselling models in each segment in the Korean market. Renault Samsung Motors has been exporting SM3 under Nissan brand to Russia and Middle East since On the tope of this, as QM5 will be another volume export to Europe under Renault brand, we are confident that QM 5 will be another stepping stone for us to claim a greater role in RenaultNissan Alliance network. Renault Samsung Motors believes that cars are not simply a means of transportation but rather a way of life. To embody this belief, it strives to build cars that express customers different lifestyles. The company has also been consistent in fulfilling its corporate social responsibility. By committing itself to supporting culture & arts as well as traffic safety education for children, it aims to ultimately improve customers quality of life. Main Products SM7 3.5 New Art, SM7 2.3 New Art, SM5 New Impression, SM3 New Generation, QM5 The Crossover Present Status Employees : 5, Sales : 2,801 KRW bil Capital : 440 KRW bil. Company Vision Provide best customer satisfaction with profitable growth as a member of the Renault of the RenaultNissan Alliance. Foundation Day September 1, 2000 Renault Samsung Motors has a clear vision of its future. The company will grab a greater share of the domestic market and accelerate exports to more varied regions. This will involve expanding its production facilities and sales network, not to mention increasing R&D investment for new model development. Through such continued investments, itsgoal is to strengthen ties with suppliers and contribute to the regional economiesby creating more jobs. Renault Samsung Motors ambition is to become the top performing company within the RenaultNissan Alliance in quality, efficiency and profitability, and to play a key role in the Renault Group s Asiastrategy. Supported by profitable growth, the company strives to provide best customer satisfaction. Having firmly established its roots in Korea, the company is now aiming at becoming a global player in car industry. 57

58 Related Organizations Related Organizations Organization Website Address Tel / Fax Ministry of Knowledge Economy 1, Jungangdong, Gwacheonsi, Gyeonggido, Korea (822) / (822) Ministry of Land Transport and Maritime Affairs 1, Jungangdong, Gwacheonsi, Gyeonggido, Korea (822) / (822) ~6 Ministry of Environment 1, Jungangdong, Gwacheonsi, Gyeonggido, Korea (822) / (822) Korea Auto Industries Coop. Association , Seochodong, Seochogu, Seoul, Korea (822) / (822) Korea Automotive Technology Institute 74, Yongjeongri, Pungsemyeon, Cheonansi, Chungnam, Korea (8241) / (8241) The Korean Society of Automotive Engineers Rm. 303 Teheran Office Bldg., 70738, Yeoksamdong, Gangnamgu, Seoul, Korea (822) ~2/ (822) Korea Transportation Safty Authority 523, Gojandong, Danwongu, Ansansi, Gyeonggido, Korea (8231) / (8231) National Institute of Environmental Research Environemtal Research Complex, Gungseodong, Seogu, Incheon, Korea (8232) / (8232) Korea Consumer Protection Board , Yeomgokdong, Seochogu, Seoul, Korea (822) / (822) The Korea Trasport Institute , Daehwadong Ilsangu, Goyangsi, Gyeonggido, Korea (822) / (822) Korea Automobile Importers & Distributors Association 6th Floor, PSG Bldg., 56330, ShinsaDong, Gangnamgu, Seoul, Korea (822) / (822) Korea Auto Salvage Association Rm. No. 806, Dongnam Officetel, 10410, Gurodong, Gurogu, Seoul, Korea (822) / (822) Korean Society of Transportation Science & Technology Bldg., Suite 809, Yeoksamdong, Gangnamgu, Seoul, Korea (822) ~2/ (822)

59 Overview of Seoul Motor Show 2009 Overview of Seoul Motor Show 2009 Beautiful Technology, Wonderful Design We, Korea Automobile Manufacturers Association, cordially invite you to the Seoul Motor Show, the world s most extravagant and dynamic motor show. Seoul Motor Show 2009, the 7th biennial Show, will be held from April 2, 2009 for 11 days at KINTEX(Korea International Exhibition Center), since its first opening in KINTEX provides the largest exhibition space throughout all of the Northeast Asian area, 200 prominent companies from 15 countries around the glove are participating in this Show. The Seoul Motor Show 2009 will act as an informative medium for the consumers providing all types of automobilesrelated information, which include quality, price, design, and performance, through the glimpse of an eye. Also, it will be able to act as an intermediary for collecting information on the overall trend of the global automobile market as well as valuable information of the latest technologies. We will do our best to make sure that the Seoul Motor Show 2009 is remembered as the most excellent automotive festivity that has satisfied all visitors as well as the exhibitors. Thank you. Period April 2 ~ 12, 2009 Press day: April 2 (08:00~16:00) Opening Ceremony : April 3 (11:00) Public days: April 3 (12:00~20:00) April 4 ~ 15 (11:00~20:00) Venue KINTEX Exhibition Size 59,176 m 2 (indoor : 53,541m 2, outdoor : 5,635m 2 ) Exhibits Passenger cars, Commercial vehicles, Motorcycles, Auto parts and accessories, etc. Organizer Organizing Committee for Seoul Motor Show Supporters Ministry of Knowledge Economy Ministry of Environment Ministry of Homeland and Maritime Affairs Local government of Gyeonggido Municipal government of Goyangsi 59