GMB Korea disclosed a supply contract worth 46.03 billion won with Hyundai Motor and Kia for electric water pumps used to cool hydrogen vehicles. Deliveries run from October 1, 2027 to December 31, 2032.

BorgWarner secured a contract with a major East Asian OEM to supply wastegate turbochargers for 1.6L hybrid electric SUV engines in Korea, building on an 18-year partnership. Production begins in 2027 at its Pyongtaek, Korea facility.

BorgWarner won a contract to supply wastegate turbochargers for a 1.6L engine used in hybrid electric SUVs for an unnamed major East Asian automaker in Korea. Production is scheduled to start in 2027 at BorgWarner's Pyongtaek facility.

Plastic Omnium won a major contract from Hyundai Motor Company to supply high-end hydrogen vessels produced in Korea, announced at the IAA in September 2021.

Hanon Systems began construction of its fifth plant in Korea, in Naengcheon-ri, Gyeongju-si, on a site of about 33,000 square meters. The plant will make heat pump modules and coolant valve assemblies for electric vehicles, with completion expected in Q2 2021 and production from Q3 2021.

Hands Corporation signed a supply contract for automotive aluminum wheels worth 53.2 billion KRW with Hyundai Motor Company, equal to 8.62% of its recent sales.

Casttech Korea (071850) signed a supply contract worth 23.9 billion won with BorgWarner Turbo Systems for automotive turbocharger parts, disclosed on 28 November 2018.

Casttech Korea (071850) signed a supply contract worth 41.9 billion won with Honeywell Technologies SARL for automotive turbocharger parts, disclosed on 28 November 2018.

Valeo and South Korean partner Pyeong Hwa Group agreed to create the Valeo-Kapec joint venture, combining their torque converter businesses. The company, headquartered in Daegu, will be controlled and fully consolidated by Valeo and is expected to generate around EUR 1 billion in annual sales, subject to regulatory approval.