South Korea’s auto exports fell 6.4% in January from a year earlier to 179,700 units due to chip shortages

2022-05-15 0 By

A global shortage of automotive chips, which has lasted for nearly a year, is continuing to affect manufacturers as well, leading to a significant drop in production and sales, according to reports.Although South Korea’s car exports fell in January, the value of exported cars rose.According to the Ministry of Trade, Industry and Energy, South Korea’s exports of automobiles rose 2.3 percent to $4.09 billion in January from a year earlier.(Credit: Financial Union)