Latest Renault Korea News & Updates

South Korea’s Auto Exports Drop Over 5% in April Amid Middle East Crisis

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Seoul, May 20 (IANS) South Korea’s auto exports decreased more than 5 per cent from a year earlier in April, amid a sharp decrease in shipments to the Middle East due to a geopolitical crisis there, government data showed on Wednesday. But with higher oil prices caused by the Mideast crisis, domestic sales of electric vehicles increased sharply.The combined value of automobile exports came to $6.17 billion last month, down 5.5 per cent from the same month last year, according to the data from th…