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Q1 Auto Exports Up 17 pct on Increased Demand for SUVs, Eco-friendly Cars

Q1 Auto Exports Up 17 pct on Increased Demand for SUVs, Eco-friendly Cars

SEOUL, April 13 (Korea Bizwire) — South Korea’s exports of automobiles shot up nearly 17 percent in the January-March period from a year earlier, data showed Tuesday, on the back of rising demand for premium automobiles, including SUVs and eco-friendly cars. Outbound shipments of automobiles reached 555,430 units in the first quarter, compared with 475,165 [...]

Auto Exports Jump 35 pct on Eased Pandemic Jitters

Auto Exports Jump 35 pct on Eased Pandemic Jitters

SEOUL, March 15 (Korea Bizwire) — South Korea’s exports of automobiles advanced 35 percent on-year in February, data showed Monday, as major trading partners gradually normalized their economic activities amid the virus pandemic. The country’s outbound shipments of automobiles reached 161,886 units in February, compared with 123,022 units posted a year earlier, according to the [...]

S. Korea’s Auto Exports Jump 30 pct in January

S. Korea’s Auto Exports Jump 30 pct in January

SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s auto exports jumped 29.5 percent on year in January, as global demand showed signs of modest recovery from the coronavirus pandemic, data showed Monday. The nation’s auto production and domestic sales rose 24.9 percent and 18.4 percent on year in January, respectively, according to the data from [...]

Auto Exports Down for 5th Consecutive Month in Aug. amid Virus Jitters

Auto Exports Down for 5th Consecutive Month in Aug. amid Virus Jitters

SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s exports of automobiles plunged nearly 16 percent in August from a year earlier, data showed Friday, due mainly to the global virus pandemic dealing a harsh blow to consumer sentiment around the world. Local carmakers shipped 136,538 units of cars overseas last month, down 15.8 percent from [...]