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korea's auto exports surged to a record high of almost 50-billion u.s. dollars last year
... as local automakers expanded their presence in the luxury sedan market.
exports to the u.s. also hit a record high in 2013.
hwang ji-hye has the details. korean auto exports reached a record high of
48-point-7 billion dollars last year despite production losses of billions of dollars following
strikes by korean auto workers. that is up more than 3 percent from a year
earlier. the ministry of trade industry and energy
says... that the nation's auto exports got a boost from sales of luxury sedans in advanced
economies like the united states and the european union.
exports to the u.s. in particular... are estimated to exceed a record 12-billion dollars in 2013
... according to the korea automobile manufacturers association.
the u.s. sales of luxury sedans produced by hyundai motor and kia motors including the
hyundai genesis jumped over 20 percent last year from 2012.
the ministry said sales were also helped by a moderate economic recovery in the u.s. which
pushed up auto demand... and korea's free trade agreement with the eu... which raised
the price competitiveness of korean automobile s.
meanwhile hyundai motor the nation's largest automaker is aiming to boost its market share
to 4-point-7 percent in the u.s. this year ... from 4-point-6 percent in 2013... with
its new genesis and sonata models driving gains.
hwang ji-hye arirang news.