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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Komotek provides not only various standard products but also the most optimum tailored products that customers need in the shortest time frame based on its original motors design and manufacturing technology.

https://korean-machinery.com///inquiry The AC servo motor from Komotek is a highquality product that went through optimum design and thorough quality inspection based on accumulated design and manufacturing technology. It guarantees high levels of reliability even in extreme conditions by virtue of excellent durability.

Komotek’s PMSM is a high-quality permanent magnet motor based on applied servo motor which features high rated torque, durability, and reliability. The most economic motors, environmentally friendly motors, and the nextgeneration digital motors are the quality standards of motors it pursues. Komotek promised it will steadily provide the tailored products of high quality that its customers need very promptly using its original technology.

Industrial-motor Komotek seeks to become the best motor manufacturer in the world in order for human beings to enjoy happier life through creative value innovation and endless enthusiasm under the motto of “Motorizing Happy Life.” Komotek is the company trusted by customers, contributing to human society, and realizing dreams of its management and employees.

 
 
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