South Korean auto exports are expected to fall 13.8% in the second quarter of this year, an industry report said on Sunday, indicating local carmakers will not emerge from the ongoing slump anytime soon.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Korean automakers are expected to export 640,000 vehicles in the April-June period, compared with the 742,000 vehicles they shipped during the same period last year, according to the quarterly report by the Federation of Korean Industries.


But the pace of the decline was less dramatic than the previous quarter, when auto exports plunged 30.2% year on year to 480,000 units, the report showed.


“In the coming quarter, auto exports will continue to remain weak as the global economic crisis hampers demand,” the federation said in a statement cited by Asia in Focus.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now