(MENAFN) Industry data showed that carmakers in S. Korea saw their overseas production exceed domestic output in the first eight months of 2016.
The seven carmakers, including Hyundai Motor Co. and KIA Motors Corp, produced 2,773,067 units in January-August period.
Moreover, according to data by the Korea Automobile Manufacturers Association, Hyundai and KIA had built 2,916,840 units at their overseas plants during the mentioned period, while they have built more assembly lines in foreign countries in recent years.
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