S. Korea's auto exports rise 2.3% in June despite U.S. tariffs

South Korea's automobile exports posted a record high for the month of June last month driven by regional shipments and EV rebounds despite U.S. tariffs.

According to the Trade Ministry on this Thursday auto exports totaled 6-point-3 billion U.S. dollars in June up more than 2 percent on year.

By region shipments to the EU surged over 32 percent and those to Asia jumped over 35 percent.

In sharp contrast auto exports to the U.S. plunged 16 percent dropping for the fourth month in a row.

The ministry also pointed out EV exports marked their first growth in over a year soaring more than 11 percent in June on year.