RoK automakers expand presence in six ASEAN markets

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.

Thursday, July 23, 2020 11:01

RoK automakers expand presence in six ASEAN markets ảnh 1

Cars of automaker Hyundai at a port in Ulsan city of the RoK (Photo: Yonhap/VNA)

Hanoi (VNA) – Automakers in the Republic of Korea (RoK) saw theirsales increase in six member nations of the Association of Southeast AsianNations (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 ofthe vehicle markets there.

The RoK automobile sales in the six markets rose from 168,834 units in 2018 and133,937 in 2017, with their market share increasing from 4.7 percent in 2018 and4 percent in 2017.

Seo Jin-won, a researcher at KAMA's trade and international cooperationdivision, said that in recent years, rising demand for vehicles of the RoK inVietnam, in particular, boosted overall vehicle sales in the six ASEAN markets./.

VNA

#automakers in RoK #ASEAN #Korea Automobile Manufacturers Association (KAMA) #vehicle sales #vietnamplus #Vietnam News Agency Korea (RoK) ASEAN

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