South Korea’s Automotive Industry Records Mixed Results Amid Record Sales in 2023

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The new Trailblazer


The South Korean automotive industry has experienced a year of contrasts in 2023. In the first 11 months, the sector achieved its highest ever performance, but the fortunes of individual companies have varied significantly. Hyundai, Kia, and GM Korea continued to grow, leveraging their leading models in domestic and international markets. However, KG Mobility and Renault Korea struggled with domestic sales, leading to disappointing…

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