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Car exports, imports up despite economic woes

2011-12-26

Hyundai-Kia’s exports to surpass 2m units; import car sales to top 100,000 units in 2011

The overall automotive industry of Korea posted robust sales growth in 2011, despite global economic woes in the wake of the eurozone debt crisis.

Korean companies, such as Hyundai Motor and Kia Motors, saw exports surge and foreign companies, including BMW and Mercedes-Benz, expanded their presence in the local market.

As for German and Japanese brands, Hyundai and its affiliate Kia have been recognized as powerful competitors in the global market.  


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By Kim Yon-se (kys@heraldm.com) | http://www.koreaherald.com

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