News summary
South Korea's automobile exports hit a five-month high in April, with a cumulative increase of 4.4% in the first four monthsWildTigerTwist.7% to US$24.3 billion, with sales of Hyundai and other models in North America driving export growth.
Newsletter text
South Korea's auto industry sets new recordWildTigerTwist: Exports in April reached US$6.8 billion, a single-month high.
South Korea's auto exports rebounded strongly in April, reaching US$6.8 billion, a record high. This achievement ended five consecutive months of high growth momentum and marked the recovery of South Korea's automobile industry. From the beginning of the year to April, total automobile exports climbed to US$24.3 billion, a year-on-year increase of 4.7%, further consolidating the position of South Korea's automobile industry in the global market.
South Korea's Ministry of Industry attributed the increase in exports to the hot sales of brand models such as Hyundai Motor in the North American market. This strong sales performance directly contributed to the increase in exports and highlighted the competitiveness of South Korean automakers in key international markets.
