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Car Exports Up 4 pct in Aug. Despite Supply Shortages of Automotive Chips

Car Exports Up 4 pct in Aug. Despite Supply Shortages of Automotive Chips

SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s exports of automobiles edged up 4 percent in August from a year earlier on robust sales of premium models, such as electric cars, despite the global supply shortages of automotive chips, data showed Wednesday. Outbound shipments of automobiles reached 135,871 units in August, according to the data [...]

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 [...]

Hyundai Mobis Organizes Business Consortium to Develop Automobile Software Platform

Hyundai Mobis Organizes Business Consortium to Develop Automobile Software Platform

SEOUL, March 8 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts company, is joining hands with local IT firms to develop a software platform for automobiles. Hyundai Mobis announced Sunday that it had formed a business consortium with 13 IT firms including LG Uplus, a major South Korean telecom operator. The company [...]