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Import Diesel Cars Market Presence Falling amid Comeback of Gasoline Vehicles: KAIDA

Import Diesel Cars Market Presence Falling amid Comeback of Gasoline Vehicles: KAIDA

SEOUL, Oct. 7 (Korea Bizwire) — The market presence of imported diesel cars in South Korea has backtracked in South Korea in the face of a comeback by gasoline vehicles, industry data showed Sunday. According to the Korea Automobile Importers and Distributors Association (KAIDA), the number of newly registered diesel cars in the country reached [...]

Heat Wave Boosts Department Store Sales in S. Korea

Heat Wave Boosts Department Store Sales in S. Korea

SEOUL, Aug. 30 (Korea Bizwire) — Sweltering heat affecting South Korea has boosted the sales of local department stores this summer as people have flocked to air-conditioned malls to get relief, industry sources said Thursday. According to retail sector data, revenues from restaurants inside Lotte Department Store jumped 10.6 percent on-year between July 16 and [...]

BMW Tops List of Registered Imported Cars amid Safety Scandal

BMW Tops List of Registered Imported Cars amid Safety Scandal

SEOUL, Aug. 27 (Korea Bizwire) — German carmaker BMW ranked No. 1 among imported cars registered in South Korea, industry data showed Monday, maintaining its lead despite a string of vehicle fires that have shaken consumer confidence in the brand. According to the data compiled by the Korea Automobile Manufacturers Association and the Korea Automobile [...]