SEOUL -- Cutbacks by foreign automakers are threatening to slash South Korea's annual vehicle production to below 4 million, a threshold that could doom an industry that accounts for about a fifth of the country's gross domestic product.
As the global car industry goes through a major downturn -- activity at carmakers was at a near record low in August -- driven in part by the U.S.-China trade war, factories in South Korea are being hit particularly hard.
