Korea Planning to Expand the Supply of EVs andChargers for EVs


Aiming to be the World’s No. 1 in Future Automobile Competitiveness

For carbon neutrality in the transportation sector, which is responsible for 18.2% of global greenhouse gas emissions, moves are accelerating toward the cessation of the production of internal combustion engine cars and shifting to electric vehicles.
Leading countries are actively promoting eco-friendly vehicle support policies in connection with the development of their own industries, so it is expected that the electric vehicle market will grow rapidly.
The global electric vehicle market dominance is expected to grow sharply by more than 40% annually — from 1.7% (1.49 million units) in 2019, to 11.8% (11.8 million units) in 2025.

The Korean government is expanding the supply of electric vehicles and chargers — aiming to be the world’s No. 1 in future automobile competitiveness. The government aims to supply 1.13 million electric vehicles by 2025 and secure the world’s No. 1 competitiveness, establishing a proactive implementation strategy of charging infrastructure suitable for the popularization of electric vehicles, and aiming to supply 1.2 million fast chargers and 500,000 slow chargers by 2025.
Currently, domestic automobile manufacturing companies and corporate and private parties are actively participating in this strategic plan. Hyundai Motor is expecting to leap into the third place in electric vehicles by selling 1.06 million units annually in the global market by 2025, and Kia Motors has set a goal to increase the proportion of eco-friendly automobile sales to 25% (500,000 electric vehicles sold) by 2025.
Corporations are actively participating in a program for shifting to the zero-emission car K-EV 100 (replacing all corporate vehicles with zero-emission vehicles by 2030) and participating in the shift to electric vehicles as part of ESG management. With the image that electric vehicles are eco-friendly, the number of persons who wish to purchase electric vehicles is rapidly increasing – from 48.3% in 2018 to 58.2% in 2021.

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The Production and Export of Automobiles on the Decline are Decreased


Export of eco-friendly vehicles and SUV with high unit prices increased.


South Korea’s domestic automobile industry has diminished its decline since February, although both production and exports have decreased in terms of vehicle numbers.
In May, exports of both automobiles (1.9%) and auto parts (14.7%) increased YoY in terms of the amount due to export increase of eco-friendly cars and SUVs with high unit prices and export increase of auto parts to the US and China.
Only 354,595 cars were produced in May, 1.3% less annually, due to discontinued production of some models, decrease of domestic sales and exports of domestic cars. Sales of domestic cars decreased slightly but, due to increase of imported car sales, total domestic sales recorded 157,771 units, increased by 1.3% YoY.
During this period, automobile production was only 354,595 units, decreased by 1.3% YoY, due to overseas inventory adjustments, discontinued production of some models, and decrease of domestic sales and exports of domestic cars. The models that were discontinued in February were Cruze and Orlando.
Hyundai Motor’s production dropped by 4.3% YoY due to production adjustments caused by sluggish exports of some models despite the increase in domestic sales, mainly in SUVs (Santa Fe, Kona).
Kia Motor’s production increased by 7.0% YoY on the strength of the effect from new cars such as K3, K9, and Carnival (including partial changes). In case of GM Korea, production decreased by 14.4% YoY due to discontinued production of Gunsan Factory coupled with slump of domestic sales and exports.
Ssangyong’s production jumped by 9.4% YoY thanks to the domestic sales effect of the new car Rexton Sports(pickup) released early this year. On the other hand, Renault Samsung’s production fell by 4.9% YoY due to sluggish domestic demand and exports of SM6.

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods

Cold Rolled Steel

https://korean-machinery.com///inquiryHanmi Resources Co., Ltd., is a Korean based international trading company, which has been incorporated for about 20 years and much experience in iron and steel products and as marketing agent of related machinery & engineering services. The company’s iran and steel products include:

– Steel Sheet & Coils, Galvanized, Pre-painted, Tin Plate
– Steel Pipes, Tube, Steel Bars, Angles, Channels, Rails
– C.H.Q. Wires, Bearing Steel Wires, Ropes, Cables

The company’s corporate philosophy is to do the very best for the clients with sincerity, and to improve both the quality of business and life. Hanmi Resources will do everything possible to ensure the success of your business, so that we can continue to work together for an extensive time.



JIS G 3311 (Carbon, Alloy, Tool Steel)
ASTM A 109, ASTM A 366, ASTM A 619, ASTM A 620,
BS 1449/1, BSEN 10130-91, BSEN 10131-92
DIN 1624-87, DIN 1623/2-86
ISO 3474-86 (CR 1/2/3/4), ISO 5954-84(CRH 50/60/70)
Australia/N.Z. AS1595 NZCC NZCE, CA-2SE/CA55NE

– Commercial quality is used for simple bending, forming or drawing, and has a wide range of uses for automotive, home appliances, building and civil works and base metals for various kinds of pre-painted steel products.
– Drawing quality is used for better than the commercial quality, it’s high formability is used for automotive panels, audio-visual equipment and other heating apparatuses.
– Deep drawing quality is used for the parts of complicated and severe forming products, mainly for the automotive front panels and rear fenders.


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Automotive Piston Rings

https://korean-machinery.com///inquiry[INQ. NO. 1803M12] Piston rings are the most important functional component in the engine requiring appropriate design, high-precision machining, excellent material and special surface treatment in order to perform the basic requirements of sealing, oil control, lubrication characteristics and heat transfer.
Yoosung Enterprise manufactures a variety of piston rings and seal rings ranging from 20mm to 1,500mm in diameter for internal combustion engines of automobile, agricultural, marine, motorcycle, compressor and industrial engines for supplying to OE and aftermarket in domestic and overseas markets.
For surface treatment of those products, such major treatments as composite plating (Cr-Ceramic), gas nitriding, salt bath nitriding, physical vapor deposition (PVD) coating are greatly considered.
For these products, Yoosung Enterprise also operates particular test equipment that is essential for design and development performing the experimental drive for the parts in the initial development stage and reappearance tests for troubleshooting. It helps to evaluate the details of parts and engine condition under the actual engine circumstances from the initial development to the final mass-production stage.

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods