Korean machinery part

Korean machinery part makers to seek more aggressive advance into China market

A positive expectation is forming among Korean machinery circles that the recently concluded Korea-China FTA would be a factor generating benefit for them. According to the Korea Association of Machinery Industry (KOAMI), Korean companies will be likely to benefit from the FTA in terms of tariff rate – due to China’s average tariff rate (8.1%) is higher than that of Korea (6.6%).

As Korean-made machinery products have comparative advantages over those from China in terms of quality, the rate of Korean companies’ advance into Chinese market is expected to increase significantly in the medium-and longterm.

A spokesperson of the agency said “For most machinery products, China’s tariff rate is higher than that of Korea, so, if tariffs at the two sides are abolished at the same time, Korea will likely take advantage from it, but only export of lowpriced tools, parts and components is expected to gradually be increased because of China’s price competiveness.

Korean-machinery-part So, the need for expanding the technology gap with Chinese competitors is strongly emerging as an important issue Korean companies manufacturing low-priced machinery tools, parts and components to solve.

As of last year, China emerged as the world’s largest importer of Korean-made general machinery comprising 24.2% of Korea’s total machinery exports, but recently the balance of payments remains to be seen gradually decreased.

The following selected companies are some of Korea’s representative machinery part makers taking considerable dominance in the global market in their specific areas.

With keen interest from the Korean government and a governmental agency, they plan to elevate their more aggressive advance into the China market with an aim to increase the ratio of their market dominance than competitors worldwide, on the occasion of the recently concluded Korea-China FTA.

 
 
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BLDC-geared motor

[INQ. NO. 1412M16] GGM now produces more than 400 kinds of BLDC-geared motors and controllers such as standard AC motor, shaded-pole AC motor, DC brush motor, BLDC motor, and decelerators.

https://korean-machinery.com///inquiry Operating two factories with 2,000m2 and 2,600m2 area, each, with more than 100 skilled persons, the company has already localized production of micro DC motor and acquired UL, CE certifications for over 40 kinds of flagship products in actively responding to the global competition era. Now such products are being sought by over 30 nations. Of those, Fuji and Sanyo from Japan, GE and Emerson from the United States are the most representative partners of the company. Based on the accumulated driving force over the past 34 years, GGM has plan to make its utmost and unremitting efforts to contribute to global industrial development.

BLDC-geared-motor GGM’s BLDC-geared motors are now considered an essential component that is used for various sectors of industrial realms including industrial devices, automation equipment, and home appliances. The compact-designed motors realize high power with low noise. As UL, CE, and CCC-certified products, it fully satisfy international standards on quality and environment management systems. Thus, they are highly popular among global industrial sectors. Currently, the company targets customers mainly in the United States, Japan, China, etc.

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

BLDC geared motor

[Serial No. 2012-B-261]

GGM now produces more than 400 kinds of BLDC-geared motors and controllers such as standard AC motor, shaded-pole AC motor, DC brush motor, BLDC motor, and decelerators.

BLDC-geared-motor https://korean-machinery.com///inquiry Operating two factories with 2,000m2 and 2,600m2 area, each, with more than 100 skilled persons, the company has already localized production of micro DC motor and acquired UL,CE certifications for over 40 kinds of flagship products in actively responding to the global competition era. Now such products are being sought by over 30 nations. Of those, Fuji and Sanyo from Japan, GE and Emerson from the United States are the most representative partners of the company. Based on the accumulated driving force over the past 34 years, GGM has plan to make its utmost and unremitting efforts to contribute to global industrial development.

GGM’s BLDC geared motor is now considered an essential component that is used for various sectors of industrial realms including industrial devices, automation equipment, and home appliances. The compact-designed motor realizes high power with low noise. As a UL, CE, and CCC-certified product, it fully satisfies international standards on quality and environment management systems. Thus, it is highly popular among global industrial sectors. Currently, the company targets customers mainly in the United States, Japan, China, etc.

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