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South Korea's vehicle exports fall 6% in May
South Korean car exports declined by 6% in May 2026 compared to the previous year, amid supply chain disruptions caused by a fire at a local manufacturing plant. The total export value amounted to $5.83 billion, with environmentally friendly vehicle exports increasing by 9.9%. Domestic car production also shrank by 8.2%, and there were reductions in shipments to North America and Europe, while exports to Oceania and Africa saw an increase.
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