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.