South Korea exports cars down the quarter in the first half of 2009 in the appeal because the year before the global recession has encouraged the decreasing demand for the car that country, local media reported on Monday.
According to the Korea Times, South Korea, Korean Mobile Industry Association reported that exports of cars recorded a decrease of 47.4 percent in the period January-March 2009 in the appeal a year before a 4.37 billion U.S. dollars, as quoted from Xinhua.
The number of exported cars reached 436,285 units for the period, or 36 percent down adi appeal the same period last year, according to the Korea Times.
Sharp decrease in exports of cars driven by weakening demand amid weakening global economy, which appears to cause the consumer not only reduce the purchase of the car but also to switch to smaller cars or cheaper, so the Korea Times added.
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