[THE INVESTOR] Exports of cars from Korea sank 13.1 percent in the second quarter from a year earlier due mainly to contracted demand from emerging countries and intensified market competition, customs data showed on July 28.

The total value of car exports reached US$9.6 billion over the April-June period, down 13.1 from $11.1 billion tallied a year earlier, according to the data by the Korea Customs Service.

Meanwhile, that of imports jumped 21.5 percent on-year to $3 billion from $2.4 billion over the cited period.

From three months earlier, however, outbound shipments of automobiles gained 8 percent from $8.9 billion, with imports jumping 41.6 percent from $2.1 billion.

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