Auto sales in Korea are projected to shrink by 3.5 percent in 2021.
U.S. automakers overtook Japanese brands to take the No. 2 spot in the imported car market in Korea last year, a report showed Sunday, taking advantage of the local boycott of Japanese products over trade and wartime legacy disputes.
The Regional Comprehensive Economic Partnership (RCEP) will benefit Korea’s auto industry by opening new markets in the Asia-Pacific region amid intensifying competition in Europe
Cars are selling well despite the Covid-19 outbreak. In the January-February period, total sales dropped 17 percent on year to 209,365 units due to manufacturing disruptions as a result of the outbreak. But in the March-April period, sales ...