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S. Koreans Prefer Expensive or Low-priced Import Cars: Data

S. Koreans Prefer Expensive or Low-priced Import Cars: Data

SEOUL, May 25 (Korea Bizwire) — South Koreans preferred to buy expensive or low-priced imported vehicles in the January-April period, industry data showed Wednesday. In the four-month period, sales of imported vehicles priced at less than 30 million won (US$27,000) jumped 81 percent to 2,960 units from a year earlier, numbers released by the Korea [...]

BMW, Mercedes-Benz Sell More Cars in S. Korea than Japan

BMW, Mercedes-Benz Sell More Cars in S. Korea than Japan

SEOUL, May 22 (Korea Bizwire) — German carmakers BMW and Mercedes-Benz sold more vehicles in South Korea in the January-April period compared to Japan, an industry association said Sunday. Vehicle sales by BMW and Mercedes-Benz jumped 48 percent and 32 percent year-on-year, respectively, to 18,115 and 24,877 units in the Korean market during the first [...]

S. Korea’s Vehicle Recall Likely to Top 1 Million Units This Year

S. Korea’s Vehicle Recall Likely to Top 1 Million Units This Year

SEOUL, May 19 (Korea Bizwire) – South Korea is expected to recall more than 1 million vehicles in 2017 as motorists become more safety-conscious amid the sophistication of auto parts and technology, officials said Thursday. In the year to date, the Ministry of Land, Infrastructure and Transport has ordered some 100 recalls affecting 820,000 vehicles, with the full-year number likely to far exceed the 1 million mark. It will mark the first time in two years for [...]

Hyundai Motor Plans to Adopt Active Safety Technology in Compact Cars

Hyundai Motor Plans to Adopt Active Safety Technology in Compact Cars

SEOUL, May 17 (Korea Bizwire) – South Korean carmaker Hyundai Motor is planning to include active safety technology in all of its compact car models, a company official said yesterday. Speaking at a global autonomous driving conference held yesterday, Lee Jin-woo, the head of Hyundai Motor’s Intelligent Safety Technology Center revealed the company’s all-out efforts to [...]