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Automobiles

South Korea's auto production sinks to 17-year low of 3.46m

Hyundai pledges domestic expansion while smaller rivals seek rebound

Hyudai's vehicles are assembled at a plant in South Korea. (Photo by Kotaro Hosokawa)

SEOUL -- Automobile production in South Korea has retreated to the lowest in nearly two decades, on the struggles of smaller carmakers and the offshoring of capacity by the dominant Hyundai Motor group.

The domestic industry produced 3.46 million vehicles in 2021, falling below 3.5 million for the first time in 17 years.

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