South Korea: Technology and Shipbuilding
The technology market is making an impact, with a production output of + $420 billion. In the smartphone, display, and semiconductors, companies such as Samsung and LG hold strong positions, while Hyundai and Kia compete in the traditional and electric vehicle sectors. South Korea also ranks among the world's leaders in shipbuilding, petrochemicals, and steel.
"The steel industry is a vital national industry that serves as a fundamental material for key sectors such as construction, automotive and shipbuilding," Pohang's Mayor Lee Kang-deok.
Mexico: North America’s Production Hub
Mexico's geography, trade agreements with the United States and Canada, is going to ensure that it remains a manufacturing hub in North America. Around $360 billion of output, Mexico is a leading contender for automobile and electronic production. The country is experiencing steady growth and has an expanding aerospace sector.
Jean-Paul Alary, CEO of Safran Aircraft Engines, said, “With this plant, Mexico will position itself among the few countries capable of covering the entire engine life cycle — from manufacturing parts and modules to final assembly, repair, maintenance, and engine testin.”
Electronics assembly, particularly televisions and household appliances, forms another strong base of its industrial output. Additionally, Mexico produces medical devices, processed foods, and beverages, balancing between industrial and consumer goods manufacturing.