1148 GMT June 25, 2022
|
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.
|
|
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 posted lackluster profitability over the first half of 2017, industry data showed on Sunday, falling far behind major overseas rivals.
|