AUTO INDUSTRY OF SOUTH KOREA EXPECTS A FALL OF 25% IN ANNUAL SALES

Highlights:

• South Korean automakers expect a slump of 25 percent on average from a year ago due to coronavirus pandemic outbreak.
• 130 automakers and auto component manufacturers have projected that the sales will reduce by 17.6 billion won.
• The financing conditions have worsened since the coronavirus pandemic outbreak.

The coronavirus pandemic has affected many sectors.....