Exchange rate to be key to Korean carmakers` competitiveness
(WorldNews South Korea)

Amid a tighter global market and steeper competition between South Korean and Japanese automakers, Japan`s quantitative easing as part of Japanese Prime Minister Shinzo Abe`s `Abenomics,` will be key to Korean players` competitiveness next year, industry experts have said. `Korean carmakers compete with Japanese companies, which means the exchange rate will continue to play an important factor in price competitiveness,` Lee Bo-sung, director of Hyundai`s Global Business Intelligence Center said during the 2018 Global Auto Industry Outlook seminar held Friday at Hyundai Motor Studio in central Seoul. ......