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Korean auto parts makers target Brazil

2011-06-13

Korea’s auto parts manufacturers are aggressively seeking inroads into Brazil, the world’s fourth-largest automobile market.

Brazil has emerged as the world’s sixth-largest automobile producer and sold about 3.6 million vehicles last year, grabbing the world’s fourth place.

The active advancement of local companies has been fueled by the recently growing demand for made-in-Korea components in the South American market.

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By Kim Yon-se (kys@heraldm.com) | http://www.koreaherald.com
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