The automotive industry in South Korea has fallen drastically since 2019. Here’s why.

The automotive industry in South Korea is now the fifth-largest passenger car manufacturer in the world. The automotive industry accounts for 13% of output, produces 12% value-added and is a very important industry sector that accounts for approximately 12% of South Korea's total employment.

The annual production in 2019 of South Korean carmakers has fallen by 4 million units. This is the first time that numbers have decreased so....