The Business Times

Japanese automakers' sales slump in South Korea as boycott bites

Published Mon, Aug 5, 2019 · 01:25 AM

[SEOUL] Japanese automakers saw their combined South Korean vehicle sales slump in July, data showed on Monday, after Japan's export curbs to Korea sparked a consumer backlash.

Toyota Motor saw its July sales slump 32 per cent from a year earlier in South Korea, while Honda's sales skidded 34 per cent, according to data from the Korea Automobile Importers & Distributors Association (KAIDA).

In July, Japan tightened controls on exports to South Korea, escalating a row over wartime forced labourers and sparking a boycott of Japanese products by South Korean consumers.

REUTERS

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