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Auto exports surpass $10 bil. in January-February period


A man passes by a car dealership store of Hyundai Motor in Seoul in this July 21, 2022 file photo. Yonhap

Korea’s auto exports during the first two months of the year surpassed $10 billion won, industry data showed Sunday.According to the Korea Automobile Manufacturers Association, the combined exports of five automotive manufacturing companies in the country, including Hyundai Motor and Kia, reached $10.4 billion during the January-February period.The figure represents 9.4 percent on-year growth compared with last year. In terms of units, combined exports reached 421,668 units, up 4.8 percent from 2023.Per company, Hyundai Motor logged a 7 percent increase to reach $4.65 billion, or 44.8 percent of all exports during the cited period. Kia’s exports rose 2.5 percent to $4.17 billion.

Hyundai and Kia’s combined exports accounted for 84.3 percent of all shipments during the period.GM Korea’s overseas shipments surged 73.2 percent to $1.26 billion, logging the biggest on-year growth among the five companies. KG Mobility’s exports also jumped 54.7 percent to $205.5 million.Exports of Renault Korea, meanwhile, fell 59.9 percent to $87.37 million, making it the only one among the five companies to 온라인카지노 experience a decline in overseas shipments. 

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