Korean exporters hurt with strong appreciation of the Won.

Korean car makers, electronics manufacturers, and other businesses are hurting with the recent rise of the Korean Won against the US dollar. While the rise helps Korean vacationers and investors, it hurts businesses who export goods to foreign countries. American car makers can offer better pricing when the Won rises in value. Continue reading

Korean auto sales down, imports up.

In the local market, the five domestic automobile manufacturers suffered decreasing sales for the second year in a row. Foreign automaker sales have been continually rising since the economic downturn.