GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

South Korea Auto Exports Jump 21.7% in January

South Korea Auto Exports Jump 21.7% in January

Post by : Bianca Haleem

Seoul: South Korea’s automobile exports recorded strong growth in January, rising 21.7 percent year-on-year, according to data released by the Ministry of Trade, Industry and Resources on Thursday.

The total value of vehicle exports reached $6.07 billion, marking the second-highest January export figure ever for the country. The growth was mainly supported by strong global demand for eco-friendly vehicles and a higher number of working days compared to the same period last year.

Exports of electric vehicles (EVs) increased by 21.2 percent, reaching $780 million. Meanwhile, shipments of hybrid vehicles showed significant growth, surging 85.5 percent year-on-year to $1.71 billion.

The sharp rise in eco-friendly vehicle exports highlights the growing international demand for low-emission mobility solutions and reflects South Korea’s strengthening position in the global green automotive market, according to a report by Yonhap News Agency.

Industry experts believe that continued demand for electric and hybrid models is expected to support export performance in the coming months.

Feb. 19, 2026 4:24 p.m. 255
Global News World News Business Updates

More Trending News

Featured Stories

DP World Names Ahmad Al-Hassan CEO for GCC Operations
March 10, 2026 4:12 p.m.
DP World appoints Ahmad Yousef Al-Hassan as CEO and Managing Director for GCC, overseeing ports, logistics and economic zones across UAE, Saudi Arabia and Oman
Read More
7 Dead After Garbage Mountain Collapses at Jakarta Landfill
March 10, 2026 3:42 p.m.
Rescue teams ended the search at Jakarta’s Bantargebang landfill after a garbage collapse killed seven people. Six survived and all victims were found
Read More
BCCI awards ₹1.31bn bonus to India after T20 World Cup win
March 10, 2026 3:19 p.m.
The BCCI announced a ₹1.31 billion bonus for the Indian team after their dominant T20 World Cup final victory over New Zealand in Ahmedabad
Read More
Awqaf Donates AED4M to Mother of the Nation Orphan Fund
March 10, 2026 2:57 p.m.
Awqaf contributes AED4 million to the Mother of the Nation Endowment for Orphans in Abu Dhabi, supporting education, healthcare, and long-term welfare
Read More
Sheikh Khalifa Excellence Award Sees 80% Surge in Entries
March 10, 2026 2:52 p.m.
Over 230 applications were received in the 22nd cycle of the Sheikh Khalifa Excellence Award, highlighting strong SME and startup participation across Abu Dhabi
Read More
Dubai Endowment Assets Hit AED13.5B in 2025, Up 22%
March 10, 2026 2:43 p.m.
Dubai’s endowment assets reached AED13.5 billion in 2025, a 22% rise from 2024, with 1,294 endowments supporting sustainable development and social initiatives
Read More
Dubai Issues New Law to Ensure Building Safety and Quality
March 10, 2026 1:31 p.m.
Dubai introduces Law No.3 of 2026 to improve building safety, maintenance and sustainability, requiring quality certificates, inspections and strict penalties
Read More
RAF Typhoon Jets Down Drones Heading to Jordan, Bahrain
March 10, 2026 1:21 p.m.
RAF Typhoon jets intercepted two drones overnight, defending Jordan and Bahrain as the UK increases military support to allies amid rising Middle East tensions
Read More
Boston Singer Tommy DeCarlo Dies at 60 After Cancer Battle
March 10, 2026 1:07 p.m.
Tommy DeCarlo, who became Boston’s lead singer after posting a tribute to Brad Delp on Myspace, has died at 60 following a months-long battle with brain cancer
Read More
Sponsored
Trending News
Iran Strikes UAE 167 Missiles 541 Drones Hit Dubai

Iran Strikes UAE 167 Missiles 541 Drones Hit Dubai

Iran launches large-scale missile and drone assault on UAE forcing airport shutdowns and triggering

March 2, 2026 11:49 a.m. 964
UAE Rejects Sudan Conflict Allegations at UN Human Rights Council

UAE Rejects Sudan Conflict Allegations at UN Human Rights Council

Emirati diplomat issues Right of Reply in Geneva dismissing accusations and urging accountability fo
Feb. 27, 2026 11:02 a.m. 404
NCM issues fog and low visibility warning in UAE

NCM issues fog and low visibility warning in UAE

National Centre of Meteorology warns of fog and reduced visibility in coastal and internal areas, ur
Feb. 23, 2026 10:46 a.m. 324
UAE expresses full solidarity with Kuwait over maritime rights

UAE expresses full solidarity with Kuwait over maritime rights

UAE expresses full solidarity with Kuwait and urges Iraq to resolve maritime concerns through intern
Feb. 23, 2026 9:59 a.m. 328
Dubai Parks to Offer Free Medical Tests During Ramadan

Dubai Parks to Offer Free Medical Tests During Ramadan

Free health screening buses will provide eye, blood pressure and glucose tests across major Dubai pa
Feb. 21, 2026 3:02 p.m. 269
T20 World Cup India Prepare to Crack Spin Test in Super Eight

T20 World Cup India Prepare to Crack Spin Test in Super Eight

Bowling coach Morne Morkel confident Indian batters will regain rhythm against spinners as Super Eig
Feb. 21, 2026 1:39 p.m. 260
Alcaraz Survives Six Match Points to Reach Qatar Final

Alcaraz Survives Six Match Points to Reach Qatar Final

World No.1 Carlos Alcaraz defeated defending champion Andrey Rublev in a tense semifinal, saving six
Feb. 21, 2026 1:09 p.m. 277
Green Roofs in Saudi Cities: Is Greening Possible in the Desert

Green Roofs in Saudi Cities: Is Greening Possible in the Desert

Amid mega projects, Saudi Arabia is emphasizing the adoption of green roofs as urban infrastructure

Feb. 21, 2026 12:47 p.m. 294