South Korea's car exports projected to hit $74.7bn in 2024, driven by eco-friendly and SUV demand.
South Korea's car exports are predicted to reach a record $74.7 billion in 2024, driven by strong demand for eco-friendly models and SUVs. The Korea Automobile and Mobility Association (KAMA) projects a 5.4% increase, with car exports reaching $30.8 billion in the first five months of 2022. The growth is expected to be supported by strong demand from North America and the popularity of domestic SUVs and hybrid models.
June 23, 2024
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