60% Automotive Exports Shipped To North America

Seoul: Over 60 per cent of South Korea’s automotive exports throughout most of 2024 have been shipped to North America, industry data showed on Sunday, raising calls for companies to consider more balanced global export strategies.

According to industry data, exports of the five automotive firms with manufacturing bases in South Korea — Hyundai Motor, Kia, GM Korea, KG Mobility and Renault Korea Motors — totalled 1,857,111 units during the January-August period, reports Yonhap news agency.

Of those, 61.4 per cent, or 1,140,073 units, were shipped to North America. Exports to the region increased 15.9 per cent from 983,321 units during the same period last year.