Korean companies in India

India has evolved as a rapidly growing business nation in the world, with a varied spectrum of enterprises covering many industries. Nestled within this bustling environment, Korean companies have found fertile ground to flourish and expand their operations. This reciprocal relationship between the business environment and the real estate market is a key driver of growth and development. In this article, we list the top Korean companies in India and how they are impacting the real estate sector.

See also: Top French companies in India

 

Business landscape in India

With flourishing sectors in technology, agriculture, pharmaceuticals and manufacturing, India has a diversified economic environment. The IT sector is a global leader, with several software development and technology services firms. Agriculture remains a pillar of the economy, sustaining most of the population. The pharmaceutical business is on the rise, generating a significant portion of the world’s generic pharmaceuticals. Furthermore, India’s industrial sector is expanding, including the automobile, textile and chemical sectors. The real estate and construction sectors, propelled by urbanisation, witness continuous growth. These dynamic industries collectively propel India’s economic prowess on the global stage.

 

Top Korean companies in India

Hyundai Motors

Industry: Automotive

Company Type: Public

Location: Plot No M-6,1st Floor, Uppal Plaza, Jasola Vihar, New Delhi – 110025

Founding Year: 1996

Hyundai Motors is India’s second-largest automobile manufacturer and one of the country’s main automotive exporters. The company has continuously supplied durable and feature-rich vehicles with a varied portfolio of automobiles ranging from hatchbacks to SUVs, making it a favourite option among Indian buyers.

 

Samsung India Electronics

Industry: Electronics

Company Type: Private

Location: DLF Centre, Sansad Marg 6th Floor, New Delhi – 110001

Founding Year: 1995

Samsung Electronics, a worldwide consumer electronics behemoth, has a significant presence in India. The corporation produces a wide range of goods, including smartphones, televisions, refrigerators and other items. Thanks to its cutting-edge production facilities and extensive distribution network, Samsung has become a household name in India.

 

Kia Motors

Industry: Automotive

Company Type: Private

Location: Godrej Woodsman Estate, Hebbal Kempapura, Bengaluru, Karnataka – 560092

Founding Year: 2017

Kia Motors, a Hyundai affiliate, entered the Indian market in 2017 and quickly gained traction. Known for its stylish and value-packed cars, Kia has emerged as a formidable competitor in the Indian automotive industry. Models such as the Seltos and Sonet have been well-received by Indian consumers.

 

POSCO

Industry: Steel manufacturer

Company Type: Private

Location: 7th Floor, World Trade Center Tower-1, Opposite EON IT Park, Kharadi, Pune, Maharashtra – 411040

Founding Year: 2005

POSCO India, a subsidiary of South Korean steel titan Pohang Iron and Steel Company, is a key player in India’s steel sector. It has emerged as a cornerstone in India’s industrial landscape, contributing considerably to the nation’s economic growth and infrastructural development, thanks to cutting-edge technology and a firm commitment to environmental responsibility.

 

LG Electronics

Industry: Electronics

Company Type: Private

Location: Plot No.5, Surajpur – Kasna, Udyog Vihar Road, Greater Noida, Uttar Pradesh – 201805

Founding Year: 1997

LG Electronics is another Korean conglomerate that has established a prominent position in the Indian market. Known for its innovative home appliances, televisions and smartphones, the company has garnered a loyal customer base in India. The company’s commitment to quality and cutting-edge technology has contributed to its success.

 

Lotte Group

Industry: Food processing

Company Type: Public

Location: Rajiv Gandhi Salai (OMR Road), Kandanchavadi, Chennai, Tamil Nadu – 600096

Founding Year: 2004 

Lotte Group is a diverse corporation with holdings in a wide range of industries, including food manufacturing, retail, chemicals and others. Lotte has established its imprint in India with popular items such as Lotte Choco Pie, Lotte Confectionery, and Lotte Liquor. This company has a considerable position in India’s FMCG sector.

 

Doosan Group

Industry: Electronics

Company Type: Private

Location: Lemon Tree Hotel, Ch.Nandaram Marg, Sector 60, Gurugram, Haryana – 122002

Founding Year: 1996

Doosan Group is a multinational conglomerate with holdings in power generation, building, equipment and other industries. The company has played an important role in the power and construction equipment sectors in India. Its revolutionary innovations and top-notch products have aided India’s infrastructure development.

 

Daewoo Electronics 

Industry: Electronics

Company Type: Private

Location: Siri Fort Road, New Delhi – 110049

Founding Year: 1998

Daewoo Electronics is well-known for its home appliances and consumer electronics. The firm has a substantial presence in the Indian market, providing items such as refrigerators, washing machines and air conditioners. Daewoo’s focus on quality and affordability is warmly received by Indian consumers.

 

Hyundai Steel India

Industry: Steel

Company Type: Private

Location: 49, Sengadu Village, Sriperumbudur – Manavala Nagar Via, Kancheepuram District – 602 002

Founding Year: 2006 

Hyundai Steel India is a subsidiary of Hyundai Steel Company, which is an integral part of the Hyundai Motor Group, one of South Korea’s major companies. Steel processing, manufacture of different types of steel products, and delivery to various sectors such as automotive, construction, and manufacturing are part of the company’s operations in India.

 

Krafton India

Industry: Gaming

Company Type: Private

Location: 19th floor, Bagamane Pallavi Tower, Bangalore, Karnataka – 560027

Founding Year: 2021

Krafton is a South Korean video game developer and publisher known for famous titles such as PUBG and TERA. Krafton has a significant presence in the worldwide gaming business. The company has made great progress in terms of its presence in India. In early 2021, it launched Krafton India as a subsidiary with the goal of growing its activities and influence in the Indian gaming business.

 

Commercial real estate demand in India

Office space

The rise of Korean firms in India has resulted in a sharp rise in the need for adequate office space to accommodate their growing employee base. As a result, there has been an increase in demand for commercial real estate, resulting in the spread of contemporary office complexes and business parks around the country. This, in turn, has played a critical part in the development and upgrading of India’s suburban and peripheral cities.

Rental property

India’s rental property sector has become stronger due to the presence of Korean businesses. Property owners have benefited from the steady demand for commercial real estate, which has led to competitive rental rates and rising property values. 

Impact

Developers are increasingly interested in mixed-use developments that incorporate residential, business and retail areas. This developing trend caters to the needs of both business leaders and local citizens, establishing vibrant, self-sufficient communities.

 

Impact of Korean companies on India

Korean companies have significantly impacted India’s economy through investments and partnerships across various sectors, such as electronics, automobiles and consumer goods. The real estate market in India has been significantly impacted by the entry of Korean businesses. This growth has drawn people and companies, causing a noticeable increase in real estate demand and a steady increase in property values. Additionally, these companies are contributing to job creation, technological advancements and the growth of India’s manufacturing and exports.

 

FAQs

What sectors do Korean companies operate in India?

In India, Korean businesses are involved in a number of areas, including consumer products, electronics, automobiles, etc.

How has the presence of Korean companies impacted India's economy?

The presence of Korean businesses has benefited India's economy by fostering technology transfer, job creation and economic progress.

Which Indian cities host major operations of Korean companies?

Major operations of Korean companies are located in cities such as Delhi, Chennai, Pune, Noida and Hyderabad.

How has the India-Korea Comprehensive Economic Partnership Agreement (CEPA) benefited Korean companies?

CEPA has reduced trade barriers, facilitated easier market access, and boosted trade between India and Korea.

Which Korean company is popular in India?

Samsung Electronics is one of the most well-known brands in India and around the world.

What products are imported from Korea to India?

Korea's main exports to India are automobile parts, petroleum refined products, electrical machinery & parts, etc.

Why are Korean companies so successful?

South Korean export competitiveness are driven by innovation and technology, which has led to the country's economic progress over the last decades.

What are the biggest industries in Korea?

The primary industries are textile, steel, automobile, shipbuilding and electronics production.

What are Korean companies called?

The word ‘chaebols’ represents a group of large business entities in Korea.

What is the oldest company in Korea?

Doosan, founded in 1896, is Korea's oldest firm, dealing in everything from consumer items to heavy and high-tech industries.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected]