Korea’s auto exports slump to 7-year low in Aug.
Sept. 13, 2016
[THE INVESTOR] South Korea’s car exports shrank to a seven-year low in August, the government said on Sept. 13.Outbound shipments of vehicles came to 142,987 units last month, down 18.6 percent from 175,610 units tallied a year earlier, according to the Ministry of Trade, Industry and Energy.The August figure marked the smallest monthly export tally since August 2009, when it hit 141,189.From a month earlier, it also plunged 34.2 percent from July’s 219,982 units.The total value of overseas shi