SEOUL, July 14 (Korea Bizwire) — South Korea’s exports of automobiles dropped 33.4 percent in the first six months of 2020 from a year earlier, due mainly to the new coronavirus pandemic that has strained global business activities while weighing on consumers’ sentiment, data showed Tuesday. Local carmakers shipped 826,710 units of cars overseas in [...]
SEOUL, June 11 (Korea Bizwire) — South Korea’s auto exports more than halved in May from a year earlier due to falling demand in the face of the new coronavirus pandemic that as infected more than 7 million people, data showed Thursday. Local carmakers shipped 95,400 units of cars overseas last month, down 57.6 percent [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korean autos will likely be hard hit if the United States decides to slap 25 percent tariffs on foreign vehicles and auto parts under its Trade Expansion Act, a local think tank said Sunday. According to a report by the Institute for International Trade (IIT), auto exports from [...]
SEJONG, Feb. 10 (Korea Bizwire) – South Korea’s automobile exports nosedived at the fastest clip in more than six years in January as fast-falling oil prices dragged down demand from emerging markets, the government said Wednesday. Outbound shipments of vehicles came to 201,967 units last month, down 18.8 percent from 248,613 units tallied a year [...]