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THE INVESTOR

Automobiles

Auto production rises 10% in Feb.

  • PUBLISHED :March 15, 2017 - 17:50
  • UPDATED :March 15, 2017 - 17:50
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[THE INVESTOR] South Korea’s automobile production surged in February, government data showed on my march 15.

According to statistics released by the Ministry of Trade, Industry and Energy, automobile output rose 9.8 percent to 336,032 units last month from a year earlier. Exports jumped 5.3 percent to 201,757 units in February from the same period last year.

The value of automobiles shipped abroad also climbed 9.6 percent to US$3.28 billion in February from the previous year. Domestic sales reached 136,833 units last month, up 7.6 percent from a year earlier.

The total breaks down to 120,182 South Korean-made vehicles, up 10.1 percent from a year earlier, and 16,651 foreign cars, down 7.3 percent from a year earlier.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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