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Korea's automobile exports plunge in August

2014-09-11

South Korea’s auto exports dropped sharply from a year earlier in August as output equally fell, the trade ministry said Thursday.

Outbound shipments of cars fell 18.8 percent on-year to 182,795 units last month, according to the Ministry of Trade, Industry and Energy.

“Exports plunged on-year due to a drop in supplies caused by a cut in the number of working days, as well as labor strikes in August,” it said in a press release.


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