Saturday, June 14, 2008

Global Auto Giants Recognizing Korean Car Parts

Deepak Feather, a purchasing agent for Ford, and a worker for a Korean car parts manufacturer spoke at a booth in an exhibition.

The worker showed his company�s brochure to Feather and explained which bolts are used in car manufacturing, to which Feather replied, �Very nice.�

�Ford has indirectly bought Korean parts via global car parts providers,� Feather said. �We�re considering buying parts directly from Korean manufacturers because Korean car parts have good quality and lower prices.�

�If the free trade agreement between the U.S. and Korea takes effect, tariffs on Korean products will be abolished. That means the price competitiveness of Korean products will increase and Ford will buy more Korean car parts.�

Last year, Korea shipped abroad car parts worth 12.4 billion dollars, equivalent to a third of the nation�s car exports of 35.7 billion dollars.


Read More