The newly industrializing country that has developed competitive steel and automobile industries is South Korea.
Newly industrializing country is a country whose economy has transitioned from being based in agriculture to being based in goods-producing industries, like producing, construction, and mining, throughout the late twentieth and early twenty first centuries.
Automobile industries are all those firms and activities concerned within the manufacture of motorized vehicles, together with most elements, like engines and bodies, however excluding tires, batteries, and fuel.
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