South Korea posted a record auto trade surplus of $14.6 billion with foreign countries last year, according to the Korea Automobile Manufacturers Association.
Despite the gloom surrounding ailing Daewoo Motor, South Korea exported vehicles worth $16.9 billion in 2000 and imported
Car exports to the United States were worth $5.9 billion last year while U.S. car imports amounted to $350 million.
South Korea recorded a surplus of $210 million from exports to European Union countries but registered a deficit of $630 million with Japan in car trade.