Written by 11:37 AM Economics

This year, the total export value of cars from January to August reached 63 trillion won, the highest ever… with the strong performance of hybrid cars leading the way.

Finished cars waiting at the shipping dock near Hyundai Motor's Ulsan plant. / News1

Finished cars waiting at the shipping dock near Hyundai Motor’s Ulsan plant. / News1,
, ‘Korea’s car export amount in the first 8 months of this year reached a record high.’,
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, ‘According to the Ministry of Trade, Industry and Energy on the 19th, Korea’s car export amount in the first 8 months of this year was $47.436 billion (approximately 63 trillion won), a 1.3% increase from the same period last year, setting a new record.’,
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, ‘During this period, the export volume also increased by 0.2% to 1,855,880 units compared to the same period last year.’,
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, ‘Although the monthly car export amount in the previous month decreased by 4.3% year-on-year to $5.066 billion (approximately 6.7 trillion won), it still recorded the second-highest performance ever.’,
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, ‘Hybrid electric vehicles (HEV) led the strong exports. The total export of eco-friendly vehicles from January to August was 493,337 units, a slight decrease of 0.2% compared to the same period last year, but HEVs increased by 32.5% to 279,165 units.’,
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, ‘In particular, last month’s hybrid vehicle exports reached 38,211 units, a 61.9% increase compared to August last year, competing with the monthly record set in April last year and achieving an export value of $1.07 billion.’,
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, ‘On the other hand, exports of electric vehicles and plug-in hybrid vehicles decreased by 45.8% and 37.3%, respectively, compared to August last year.’,
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, ‘On the other hand, domestic car sales in August recorded 128,199 units, a 1.9% decrease from the same period last year. Hybrid cars (21.5%) and electric cars (60%) showed double-digit growth rates, with sales of eco-friendly cars reaching 51,366 units, a 29.7% increase from August last year.’,
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, ‘Despite the electric car fire incident in Cheongna, Incheon on August 1st, domestic electric car sales in August totaled 15,395 units, a 2% increase from July (14,914 units). The sales of domestic electric cars increased by 9.2% to 11,280 units compared to July (10,328 units), while the sales of imported electric cars decreased by 10.2% to 4,115 units compared to July (4,586 units).’,
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