The Ministry of Trade, Industry, and Energy announced on April 18 that the nation's car exports amounted to US$4.12 billion last month, up 4.1 percent from a year ago. With the March increase, the nation's car shipments rose for two consecutive months.
The ministry said that the number of cars the country exported during the month of March fell 5.1 percent year on year to 248,618 units, but in value terms, the nation's car exports registered a positive growth thanks to the increase in shipments of eco-friendly vehicles and mid- and large-sized models which have relatively higher export unit prices.
Since the release of the Niro by Kia Motors and the Ioniq by Hyundai Motors, Korea's shipments of eco-friendly vehicles, including electric and hybrid cars, have been on an upward trend on the back of the rising demand from North America and Europe.
The nation's exports of eco-friendly vehicles stood at 10,079 units in January, 13,477 units in February and 14,907 units in March. firstname.lastname@example.org
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip