1148 GMT June 25, 2022
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South Korean carmakers to suffer 28-trillion-won cash shortage
South Korean carmakers and auto parts firms will suffer a cash shortage of over 28 trillion won ($23 billion) if the coronavirus outbreak continues to affect the automobile industry for the next four months, a local industry association said.
Five South Korean carmakers' sales fall 1.6%
South Korea's five carmakers said their combined sales fell 1.6 percent on-year last month due mainly to weak demand from overseas markets.
South Korean carmakers' profitability falling behind foreign rivals
South Korean carmakers posted lackluster profitability over the first half of 2017, industry data showed on Sunday, falling far behind major overseas rivals.
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