International
South Korea's auto exports to US reach 1.17 million units
December 31, 2023 | 12:48 PM
South Korean automobile exports to the United States exceeded 1 million units during the January-November period, already beating its previous all-time annual record from eight years ago, industry data showed Sunday.In the first 11 months of this year, South Korea's car shipments to the US reached 1,172,612 units, according to the data from the Korea Automobile & Mobility Association.The annual tally is expected to grow when counting December shipments. The 11-month total is already larger than the previous annual record of 1,066,164 units in 2015.Auto shipments to the US, which peaked in 2015, later dropped to as low as the 800,000-unit range in 2021 amid the COVID-19 pandemic and protectionist US trade policy introduced during the former US President Donald Trump administration. (QNA)
December 31, 2023 | 12:48 PM