Tag - Korea's car imports outpace exports of minor players

Korea's car imports outpace exports of minor players

South Korea’s imports of automobiles far exceeded exports by the three local units of foreign brands through November this year, data showed Monday, reflecting the rising popularity of overseas cars in the local market. Asia’s No. 4 economy imported $8.74 billion worth of automobiles in the January-November period, data compiled by the Korea Automobile Manufacturers Association showed. The figure outpaced combined outbound shipments worth $7.62 billion posted by GM Korea Co., Renault Samsung Motors Co., and Ssangyong Motor Co., the local [...]

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