The AP reports that South Korean auto groups claim that the Asian country exported 600,000 cars and light trucks to the US last year. Only 7,000 American autos were sold in South Korea during that period. The figures probably got more lopsided this year as Hyundai improved it sales in the US.
The numbers look a bit like those the US had to contend with in the 1970s as Japan began to take a large part of the American market but domestic car companies had trouble getting their products into the Japanese market.
It is hardly worth the time, effort, and taxpayer money to salvage GM and Chrysler if US trade policy will allow South Korea free access to American markets while South Korea blocks imports that might help The Big Three recovery sales.
Douglas A. McIntyre
Douglas A. McIntyre
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