Japan: toyota looks for new parts supply line in Korea 2011 -
Attracting Toyota Motor: The chairman of top automaker in
Japan,
Toyota Motors, visited
Korea last weekend to "encourage dealers and explain the process of recovery from the earthquake in
Japan." But industry analysts believe that the visit otherwise. They see the visit as part of a tour to get
parts suppliers for
Toyota manufacturing outside of
Japan, which is prone to earthquakes and other natural disasters.
Even before the earthquake and tsunami caused problems in March monstrous production, Toyota has seen a drop in sales due to the repeated reminders and a strong yen. Its production lines were closed due to power shortages and parts. Therefore, Toyota may be the active search for new power lines in Korea, geographic proximity, as well as a provider of high quality parts businesses throughout the automotive world.
Korea has benefited from its proximity to the disaster has affected Japan. Softbank has recently joined the telecommunications sector in Korea to establish a global data center in Gimhae, South Gyeongsang. The movement, of course, came amid growing fears of aftershocks increasing natural disasters.
Following the trauma of the earthquake and tsunami, Japanese companies will suffer a 15 percent cut in electricity consumption from July. Many, incuding Toyota, are preparing to move their production bases in South Korea.
According to the government about 100 Japanese companies, including Toyota, are showing interest in the south, which is close to Japan, and holds advanced port, road infrastructure and electricity.
It's too big an opportunity to miss. Rather than seeking short term gains should be able to Korea to take this opportunity by improving our manufacturing capacity to meet the demanding tastes of Japanese companies (Toyota.Motors).
Korea FTA with the EU should enter into force in July, and an agreement with the United States should be ratified quickly, making the Korean market more attractive for Japanese companies.
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