Samil PwC: "Korean Automotive Industry Shows Dynamic Growth in US Market... Sufficient Risk Response Capabilities"
PwC Global Automotive Workshop Held in Seoul
Review of Latest Trends and Issues in the Global Automotive Industry
Samil PwC announced on September 29 that it successfully held the "PwC Global Automotive Workshop" at its headquarters in Yongsan-gu, Seoul, on September 25 and 26.
Charles Finn, PwC US Automotive Leader, is discussing issues in the automotive industry at the PwC Global Automotive Workshop. Photo by Samil PwC
View original imageThe workshop was attended by automotive industry experts from PwC member firms in countries such as the United States, India, the Czech Republic, China, and Indonesia. In particular, the event offered in-depth discussions on the latest issues and trends in the automotive industry, as well as solutions related to corporate strategy, research and development, finance, procurement, production, marketing, sales, and regulatory compliance for automotive companies.
Charles Finn, PwC US Automotive Leader (Partner), stated, "Korea is demonstrating dynamic growth in the US market and holds an important position in the automotive industry." He added, "Despite the impact of tariff policies under the Trump administration, Korean automotive companies are expected to respond wisely, leveraging the strengths they have accumulated over time."
Lee Junwoo, Partner of Samil PwC’s Automotive Team, said, "Through this workshop, we confirmed that leading global automotive companies are wisely choosing between fierce competition and collaborative alliances, depending on their objectives such as business model restructuring, revenue generation, and new technologies." He further noted, "Corporate financial reporting officers should assess and prepare for the impact that these strategic changes among peer companies may have."
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Meanwhile, the PwC Global Automotive Team conducts audits for major automotive companies such as Toyota, Tesla, Ford, Mercedes-Benz, and BMW. Samil PwC’s Automotive Team supports the domestic automotive industry in enhancing its competitiveness in the global market by leveraging its international network of experts and experience.
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