SEOUL, March 3 (Korea Bizwire) — Car Makers Launch Aggressive Marketing Push in S. Korean Automobile Market Car makers are stepping up their marketing game as they look to boost their market share in the South Korean auto market in March. Sales and marketing strategies from major car companies including Hyundai, Kia and GM Korea [...]
SEJONG, Feb. 14 (Korea Bizwire) – Korean vehicle classification, which previously fell into categories such as small, medium or full-sized according to engine displacement and size, will undergo changes for the first time in 30 years. Technological advancements have brought new and diverse cars into the market, such as eco-friendly cars and micro compact cars, [...]
SEOUL, Aug. 17 (Korea Bizwire) – The operating profit of automakers and their vendors in South Korea came in at a disappointing level last year with each firm making only about US$0.05 for every $1 in sales, industry data showed Wednesday. According to the data compiled by a local research institute, combined sales of 1,079 [...]
SEOUL, July 14 (Korea Bizwire) – South Korea’s diesel consumption hit a monthly record in May, state statistics showed Thursday, an indication that diesel-powered cars are still dominant over electric and hybrid vehicles. According to an informational website operated by state-run Korea National Oil Corp. (KNOC), South Korea consumed a record 14.31 million barrels of [...]
SEOUL, May 11 (Korea Bizwire) – Sales of hybrid cars in South Korea hit an all-time high last month amid growing interest in environmentally friendly vehicles, industry data showed Wednesday. Sales of hybrid cars here reached 7,454 units last month, breaching the previous monthly record of 5,157 units set in December, according to the data by [...]
SEOUL, May 9 (Korea Bizwire) – Sales of foreign cars in South Korea dropped 2 percent on-year in April as some importers failed to secure a sufficient amount of cars to meet demand here, industry data showed Monday. According to the data compiled by the Korea Automobile Importers and Distributors Association, a total of 17,845 [...]
SEOUL, April 6 (Korea Bizwire) – The Seoul Motor Show, which kicked off last Friday, has attracted more than 230,000 people eager to see the latest automobile trends in just three days. A total of 234,000 people have already visited the event, which will be held until April 12 at the Korea International Exhibition Center [...]
ILSAN, South Korea, April 3 (Korea Bizwire) — The Seoul Motor Show, the largest auto event in South Korea, kicked off on April 3 with about 30 local and foreign automakers competing to draw the spotlight to their latest cars and new technologies. The carmakers will display some 370 cars during the biennial event to [...]
![[Feature] Millennials Don’t Seem to Be Interested in Buying a Set of Wheels](http://koreabizwire.com/wp/wp-content/uploads/2014/08/18990329_m1.jpg "[Feature] Millennials Don’t Seem to Be Interested in Buying a Set of Wheels")
SEOUL, Aug. 31 (Korea Bizwire) – The number of new vehicles sold to the Korean millennial generation has continuously dropped over the past four years. The Korea Automobile Manufacturers Association announced on August 26 that the percentage of autos purchased by those in their 20s amounted to 8 percent in the first half of this year, down [...]