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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 [...]

Auto Exports Down for 4th Consecutive Month in July amid Virus Pandemic

Auto Exports Down for 4th Consecutive Month in July amid Virus Pandemic

SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s exports of automobiles dropped by almost 12 percent in July from a year earlier, extending their slump to a fourth month, due mainly to the new coronavirus pandemic that has strained global business activities while weighing on consumer sentiment, data showed Monday. Local carmakers shipped 181,362 units [...]