SOUTH KOREA: War over three months would cut vehicle demand - report
A protracted war in Iraq could deal a blow to the car industry in Korea, an automobile trade association report said, according to the Korea Herald. The Korea Automobile Manufacturers Association (KAMA) report forecast that if a war in Iraq lasts more than three months, domestic vehicle production will fall by 9.5%, or 300,000 units, to 28.5 million units, the paper said.
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