South Korean carmakers are urging Seoul to do more to boost export competitiveness in the face of China’s fast-growing auto industry, especially in the field of electric vehicles. Source link
Read More »South Korea’s exports to China plunge as Covid-19 controls hammer demand
South Korea’s shipments to China have fallen for six consecutive months, but November’s decline was the sharpest since mid-2009 as widespread lockdowns dampened demand for Korean tech products such as semiconductors. Source link
Read More »South Korea unveils private sector support to aid diversification from China
South Korea has pledged to stabilise domestic supply chains, allocate more money for R&D and strengthen production ties with Southeast Asian nations in a bid to ease the private sector’s reliance on China. Source link
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