South Korean vehicle exports rise 9% in August

The value of built-up vehicles exported from South Korea rose by 8.6% year-on-year to US $5.5 billion in August 2025, according to data released by the Ministry of Trade, Industry and Energy, despite the imposition of a 25% import tariff by the US. Overseas shipments last month were lifted by strong demand for electrified vehicles, with demand in key European markets particularly strong. Exports to North America shrank by 8.3% to US$ 2.55 billion, driven lower by a 15% drop in shipments to the US to US$ 2 ...