Car shipment jumped 24.7 percent over the year to 6.21 billion U.S. dollars in January, continuing to increase since July 2022, according to the Ministry of Trade, Industry and Energy.
The number of exported vehicles was 245,255 in January, up 23.5 percent from a year earlier.
Export for eco-friendly cars soared 16.0 percent to 2.08 billion dollars, keeping an upward trend for the 14th month since December 2022.
Car export to North America and Asia spiked in double digits, but auto shipment to the European Union (EU) shrank in double figures.
Auto parts shipment expanded 10.8 percent to 1.91 billion dollars in January compared to the same month of 2023.
The number of vehicles, manufactured in local factories, gained 16.9 percent to 358,423 last month.
The number of cars sold in South Korea, including locally-made and imported vehicles, came to 116,152 in January, down 0.4 percent from a year earlier.
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