The Korea Times
Korea’s booming used car export industry is scrambling to find new buyers as the prolonged war in the Middle East disrupts shipments to one of its largest overseas markets. The Korea Trade-Investment Promotion Agency, or KOTRA, said Wednesday it will hold a two-day export consultation event in Incheon beginning Thursday to help used car exporters diversify their markets and reduce dependence on the Middle East. The event, co-hosted with the Incheon Port Authority, the Incheon Chamber of Commerce and Industry and the Korea Transportation Safety Authority, will bring together 33 buyers from seven countries, including Georgia, Cambodia, Colombia, the Dominican Republic, Chile, Jordan and Egypt, with 61 Korean companies. The consultations come as the conflict in the Middle East, now stretching beyond two months, disrupts logistics and marketing activities for Korean exporters. The region accounts for about 30 percent of Korea’s used car exports, according to KOTRA. Korea’s used car exports reached a record $8.9 billion (13.3 trillion won) in 2025, up 75.1 percent from a year earlier, f
Go to News Site