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Nissan Korea Denies Withdrawal Rumor
No Withdrawal from Korea
Nissan Korea Denies Withdrawal Rumor
  • By Michael Herh
  • October 1, 2019, 13:28
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Nissan Korea says the company will not withdraw from the Korean market.

Nissan Korea said on Sept. 30 that the company would not withdraw from the Korean market, although it has suffered poor earnings in the aftermaths of Koreans’ boycott of Japanese goods.

The announcement came about three weeks after reports surfaced earlier this month that Nissan was considering leaving the Korean market due to sluggish sales.

"We make it clear that we will continue to carry out our activities in the strategically important Korean market," Nissan Korea said in an announcement. "We promise once again that we will do our best for our valued customers in Korea."

Earlier, foreign media outlets such as the Financial Times (FT) quoted some sources familiar with Nissan Korea’s situations as saying that Nissan was considering withdrawing from the Korean market. According to the FT, Nissan had been considering whether it will give up the Korean car market.

In Korea, Nissan's car sales in August were 58 units, down 88 percent on year.