South Korea exported 550,000 automobiles from July to September, down 13.6% year on year due to weak overseas demand, the Korea Customs Service said Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Q3 fall is the fourth straight quarter that shipments have contracted, it added. South Korea’s leading export destination, the US, posted a 9.9% on the year fall, while Canada saw a 2.5% decline. Over in Europe, exports to Britain fell 22.7% year on year, while Germany was 33.7% lower. Vice versa, imports of foreign automobiles reached 70,000 vehicles for Q3, a 5.7% increase from the corresponding quarter of 2017, marking a fifth straight quarter of gains. Amid the weaker exports, the Financial Services Commission on Monday offered Won 1 trillion ($876.2 million ) in credit guarantees, effective November 1, to support small and medium-sized producers of automobile parts. The […]