Latest Korea Auto Industries Cooperative Association News & Updates

Seoul, Feb 8 (IANS) South Korea’s exports of auto parts to the United States fell in 2025 for the first time in five years, data showed on Sunday, as domestic automakers expanded local sourcing in the US amid tariff measures.Shipments of automotive parts to the U.S. declined 6.7 percent from a year earlier to US$7.67 billion last year, according to data compiled by the Korea Auto Industries Cooperative Association. It marked the first annual fall since 2020, when exports fell 11.5 percent, repor…