SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s exports of automobiles edged down 2.9 percent in July from a year earlier as the global supply shortages of automotive chips hindered production, data showed Wednesday. Outbound shipments of automobiles reached 181,046 units in July, according to the Ministry of Trade, Industry and Energy. In terms of [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s exports of automobiles advanced 28 percent in the first half of 2021 on the back of the global economic recovery and rising demand for premium models, data showed Thursday. Outbound shipments of automobiles reached 1,049,658 units in the January-June period, rising from 820,873 units tallied a year [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s exports of automobiles jumped nearly 58 percent in May on the back of strong demand for eco-friendly cars and SUVs, data showed Sunday. Outbound shipments of automobiles reached 150,894 units in May, according to the Ministry of Trade, Industry and Energy. In terms of value, exports nearly [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s exports of automobiles jumped nearly 53 percent on-year in April, data showed Sunday, on the back of the global economic recovery coupled with a base effect. The country’s outbound shipments of automobiles reached 188,293 units in April, according to the Ministry of Trade, Industry and Energy. In [...]
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 [...]
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 [...]
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 [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea’s exports of automobiles rebounded in September to snap a decline of five consecutive months on the back of improved shipments to North America, data showed Monday. Local carmakers shipped 193,081 units of cars overseas last month, up 14.8 percent from a year earlier, according to the data [...]
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 [...]
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 [...]