S Korea's Hyundai says it faces headwinds in 2018 on weaker yen

Seoul

SOUTH Korean carmakers face a major headwind from a weakening Japanese yen, which will boost rivals such as Toyota Motor Corp next year, a Hyundai Motor think tank said.

The fall in the yen will intensify competition in major markets, such as China and the United States, where overall demand is expected to shrink in 2018, the think tank said.