"South Korea's Automotive Industry on Brink of Collapse: A Decade After Australia's Last Vehicle Rolled Off the Line, a Similar Crisis Looms Abroad A decade ago, Australia bid farewell to its once-thriving automotive industry, as the last vehicle to be built on its soil rolled off the assembly line in 2017. Now, another country is facing a similar crisis. South Korea, a major player in the global automotive market, is on the verge of collapse as its auto sector struggles to stay afloat. With a decline in domestic sales and increasing competition from neighboring countries, the industry's future looks bleaker than ever. As the South Korean government scrambles to find a solution, the fate of thousands of jobs and the country's reputation as a major automotive hub hangs in the balance."
The last vehicle built in Australia rolled off the assembly line in 2017. A decade later, the auto sector in another midsized economy half a world away is sliding toward a similar fate.
