BMW Group purchased more than 6 trillion won in parts from Korean companies last year - Korean media

According to BMW Korea, the Korean subsidiary of German automaker BMW, the BMW Group will receive 4.5 billion euros (approximately 737,916,750 million yen) in sales from its Korean partner companies in 2023, up 25% from the previous year.
This exceeds the BMW Group's total sales in Korea (6.1 trillion won, or about 678.9 billion yen).
The BMW Group's purchase of Korean-made parts amounted to 711.9 billion won (approximately 79,173.88 million yen) in 2010.
The total value of parts purchased from Korean partner companies is expected to reach 1 trillion won (approximately 111,138,660,000 yen) for the first time in 2014. It has continued to rise since then.
The total investment has reached more than 780 billion won (about 86.7 billion yen). BMW Group currently has 100% stakes in battery manufacturer Samsung SDI, display manufacturer Samsung Display, and LG Group.
It has partnerships with around 30 Korean companies, including Samsung Electronics, a major tire maker, Hankook Tire & Technology, and electric vehicle (EV) battery maker Sebang Battery.
BMW Group and BMW Korea also plan to undertake a variety of investment activities in Korea in the future, strengthening the virtuous cycle system that contributes to Korean society.
Through the "Charging NEXT" project, the company plans to increase the number of EV chargers to 2,010 in 2024 and begin expanding the EV charging infrastructure.
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