Shortcut to Body Shortcut to main menu

Investment News

  • Home
  • About Us
  • Newsroom
  • Investment News
S. Korean auto exports hit record in H1
제목 없음 South Korea's automotive exports reached a record high in the first half of the year as local automakers increased their shares in overseas markets on the back of improved quality, a trade association said Wednesday.

   According to the Korea Automobile Manufacturers Association (KAMA), local automakers exported a total of 1.55 million units in the first six months of the year, up 15.1 percent from a year earlier.

   In June alone, auto exports gained 14.2 percent on-year to 304,452 units, according to the KAMA.

   Hyundai Motor Group, South Korea's leading automaking group, is targeting sales of some 1.06 million units in the U.S. this year. Its U.S. sales reached 894,496 cars last year.

   Hyundai Motor Co., the country's leading automaker, is targeting sales of 624,000 vehicles in the U.S. for the year and its affiliate Kia Motors Corp. 433,000 units.

   The KAMA said the first-half domestic sales rose 4 percent on-year to 739,197 units, and auto production amounted to a record 2.3 million units in the first half, up 9.7 percent from a year earlier.

Source: Yonhap News (July 6, 2011)

Meta information