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South Korea's auto exports drop 19.6% in January due to Lunar New Year holiday impacts.
South Korea's automotive exports fell 19.6% in January to $4.99 billion, due to fewer working days during the Lunar New Year holidays.
The number of exported vehicles dropped by 17.9% to 199,663, with eco-friendly sedans and auto parts exports also declining.
Local car production and domestic sales both fell, by 18.9% and 9%, respectively.
Despite the drop, hybrid electric vehicle shipments saw a 35.5% increase.
The Ministry plans to support the industry amid global trade uncertainties.
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Las exportaciones de automóviles de Corea del Sur bajaron 19,6% en enero debido a los impactos de las vacaciones de Año Nuevo Lunar.