15208
S. Korea Car Exports Tumble
World Economy

S. Korea Car Exports Tumble

Auto exports by South Korean carmakers tumbled in the first quarter amid a surge in foreign luxury car imports, customs data showed Wednesday, Yonhap reported. The country’s car exports amounted to $10.2b, or 720,000 vehicles, in the first quarter, down 10.1% from a year earlier, according to Korea Customs Service (KCS). Imports of foreign luxury cars surged 35.9% from a year earlier to $2.3b, or 70,000 vehicles, in the three months ending March 31. The foreign car imports kept an upward trend, rising from $1.7b in the first quarter of 2014, $1.9b in the second quarter, $2.1b in the third quarter and $2.25b in the fourth quarter.

 

Short URL : http://goo.gl/63GMC6

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...

Trending

Googleplus