Industry
[Graphic News] S. Korean carmakers’ global market share falls to 7.3% in 2022
May 9, 2023
South Korean carmakers’ global market share inched down in 2022 from a year earlier due largely to weaker sales in China and Russia, industry data showed. Local automakers accounted for 7.3 percent of vehicle sales in the world’s eight major markets last year, down from 7.7 percent in 2021, according to the data from the Korea Automobile Manufacturers Association. Their share was the fifth-largest in the world. The eight markets are the United States, Europe, China, India, Mexico, Br