[Graphic News] S. Korea maintains 5th spot in global vehicle output: report
World BusinessMar 16, 2022
South Korea ranked fifth in terms of global vehicle production last year, retaining the spot for the second consecutive year, amid efforts to minimize the fallout from the pandemic-caused global chip shortage, a report showed. The combined vehicle output by South Korean carmakers, including Hyundai Motor and Kia, reached 3.46 million units as of end-2021, down 1.3 percent from the previous year, according to the report from the Korea Automobile Manufacturers Association. China