South Korean carmakers sold 2.1 million units in eight major markets in the first half, down 9.9 percent from 2.33 million units in the same period last year, to dip its global market share to 7.7 percent.
Their market share was 7.9 percent a year ago.
The Korea Automobile Manufacturers Association (KAMA) attributed the decline to the extended chip shortage.
The eight markets are the United States, Europe, China, India, Mexico, Brazil, Russia, and the Association of Southeast Asian Nations (ASEAN).
Sales in the US and Europe fell 18 percent and 14 percent, respectively, while sales in Brazil and Russia dropped 15 percent and 57 percent.
KAMA recommended the government and local automakers work together to deal with tougher rules on combustion engine vehicles in Europe and the US enactment of the Inflation Reduction Act (IRA), which disqualifies electric vehicles made outside the US from tax credits.


Google Halts UK YouTube TV Measurement Service After Legal Action
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Microsoft AI Spending Surge Sparks Investor Jitters Despite Solid Azure Growth
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors
Climate Adaptation at Home: How Irrigreen Makes Conservation Effortless
Tesla Loses Ground in Europe as BYD Accelerates EV Market Share in 2025
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push
Woodside Energy Flags Lower 2026 Production Outlook Despite Strong Q4 Revenue Beat
UK Housing Market Gains Momentum in Early 2026 as Mortgage Rates Fall
Investors value green labels — but not always for the right reasons
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth
ASML’s EUV Monopoly Powers the Global AI Chip Boom
South Korea to End Short-Selling Ban as Financial Market Uncertainty Persists
Gold Prices Smash Record Above $5,200 as Haven Demand Surges
Advantest Shares Hit Record High on Strong AI-Driven Earnings and Nvidia Demand 



