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“Untact” Marketing Prevails in Automobile Market

“Untact” Marketing Prevails in Automobile Market

SEOUL, June 16 (Korea Bizwire) — Amid a growing trend towards avoiding person-to-person interaction due to the spread of the coronavirus, a new type of advertising called “untact marketing” is prevailing in the South Korean automobile market. The newly-coined term “untact” refers to non-face-to-face contact. According to industry sources on Saturday, this type of marketing [...]

Gov’t Doubles Carbon Point Incentives

Gov’t Doubles Carbon Point Incentives

SEOUL, April 27 (Korea Bizwire) — The Korea Environment Corp. (KEC), which operates under South Korea’s Ministry of Environment, has eased restrictions on participation in the carbon-point system for automobile owners and doubled incentive benefits from last year. The carbon point system is a nationwide voluntary greenhouse gas reduction system where participants are given points [...]

Mercedes-Benz Distributes Largest Shareholder Dividends in S. Korea

Mercedes-Benz Distributes Largest Shareholder Dividends in S. Korea

SEOUL, April 6 (Korea Bizwire) — Mercedes-Benz disbursed the largest dividends to shareholders after dominating the South Korean imported car market last year. Mercedes-Benz Korea and Mercedes-Benz Financial Services Korea reported dividends of 138 billion won (US$112 million) for 2019, up by 32.4 percent from 2018. Mercedes-Benz sold 78,133 cars last year, up 10.4 percent [...]