Metals, Machinery & Engineering
The Korea Iron & Steel Association foresees a modest 3% growth in domestic demand this year to some 57.1 million metric tons, thanks to a brighter outlook for construction, while demand from the key auto manufacturing and shipbuilding sectors will remain largely flat.
Also, Korea's machine tools industry has grown remarkably. In case of the Korean machine tools industry, companies are producing various kinds of products in a small amount. Therefore, organic distribution of capital is much hampered and, as a result, countless small and medium companies are maintaining their businesses without much order. Therefore, an oligopolistic market structure dominated by large companies has been formed.
Kompass Business Directory
With over 2,000 South Korean companies registered in the Kompass B2B worldwide database, the Metals, Machinery & Engineering sector represents large activity sectors within our database. This family includes metalworking, engines, pumps, machine-tools, metal and plastic machining contractors, etc.