April 26, 2024
Automobiles
Korea’s auto exports rebound in Nov.
[THE INVESTOR] South Korea’s car exports rebounded for the first time in 17 months in November, according to government data on Dec. 8.
The total value of overseas car shipments rebounded to rise 1.5 percent on-year to US$3.98 billion in November, according to the Ministry of Trade, Industry and Energy.
It is the first time since June 2015 that the country’s monthly auto exports have logged an on-year growth.
The number of exported vehicles came to 260,491 units last month, up 0.9 percent from 258,108 units tallied a year earlier, marking the first on-year rise in 13 months.
“The turnaround was driven by an expansion in the car supply as walkouts at some companies came to an end,” the ministry said.
(theinvestor@heraldcorp.com)
The total value of overseas car shipments rebounded to rise 1.5 percent on-year to US$3.98 billion in November, according to the Ministry of Trade, Industry and Energy.
It is the first time since June 2015 that the country’s monthly auto exports have logged an on-year growth.
The number of exported vehicles came to 260,491 units last month, up 0.9 percent from 258,108 units tallied a year earlier, marking the first on-year rise in 13 months.
“The turnaround was driven by an expansion in the car supply as walkouts at some companies came to an end,” the ministry said.
(theinvestor@heraldcorp.com)
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