Korea auto exports up 21.7% in January

The combined value of automobile exports came to US$6.07 billion last month, the second-highest for any January, thanks to strong demand for electric vehicles (EVs) and hybrid cars, according to the data from the Ministry of Trade, Industry and Resources.

EV exports climbed 21.2 percent on-year to $780 million, while shipments of hybrid cars surged 85.5 percent to $1.71 billion, Yonhap News Agency reported.