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RoK automakers expand presence in six ASEAN markets

Published July 24, 2020

Hanoi (VNA) – Automakers in the Republic of Korea (RoK) saw their sales increase in six member nations of the Association of Southeast Asian Nations (ASEAN) over the past three years helped by strong demand in Vietnam, the Korea Automobile Manufacturers Association (KAMA) revealed on July 22.

They sold a combined 184,595 vehicles in Thailand, Indonesia, Malaysia, Singapore, Vietnam and the Philippines in 2019, accounting for 5.2 percent of the vehicle markets there.

The RoK automobile sales in the six markets rose from 168,834 units in 2018 and 133,937 in 2017, with their market share increasing from 4.7 percent in 2018 and 4 percent in 2017.

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Cars of automaker Hyundai at a port in Ulsan city of the RoK (Photo: Yonhap/VNA)
Created at 2020-07-28 22:43:26