Hyundai Kia Automotive is struggling overseas as its performance worsens in China, its key international market. Meanwhile Korea's overseas rival Japan has been selling significantly more cars in Korea.
While Hyundai maintained its performance in the first half of the year in the U.S., it dropped 11.5 percent in Europe and plunged 15.8 percent in China compared to the same period last year. Only India saw an increase of 11 percent. In the U.S. Kia recorded 4.8 percent growth for the first half, offering a bit of comfort to contrast the generally sluggish performance of Korean carmakers. Hyundai did particularly badly, as the only major carmaker to report declining sales in China. Car sales in China are expected to grow about 20 percent this year.
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