Used car exporters of Korean are suffering due to Libyan disaster.
The Libyan conflict not only leads to war except it is also beating the related economies very hard.Following Jordan Korean is the succeeding biggest market for used car exports.
The number of sales pointed in 2009 with further 36-thousand cars sold.And in 2010 more than 26-thousand cars were sold.Its raking is about more than 130-thousand US dollars in sales.Because of the unending disaster, the sales to the North African country have been halted for an indefinite period.
Mr. Lee who has been in the used car export business for years says that right now they need to come across for fresh markets.
A visit to Central Asia at the end of last year makes them to discover new markets and current they need a break into that market from April. However this is not enough. So there is a plan to go on a trip to research the African market.
The port city of Incheon is a place in which more than 90 percent of used car exporters in Korea are located because it is a place where most of the shipping is focused on.
The association of Korea Used Car reports that there is a loss of roughly 20 billion due to the Libyan crisis.
Mr. Lee says that the biggest problem of all is ambiguity since no one knows when the crisis will end.
