SEOUL, Aug. 21 (Korea Bizwire) — A South Korean lawmaker is seeking a law revision aimed at levying taxes on vehicles based on their prices instead of displacement volume, a change that could result in a hike in taxes on many high-end foreign brands, industry sources said Friday. Currently, South Korea levies vehicle taxes based [...]
SEOUL, June 4 (Korea Bizwire) — Sales of imported cars in South Korea jumped 20.1 percent in May from a year earlier, driven by strong demand for German vehicles, industry data showed Thursday. According to the data by the Korea Automobile Importers and Distributors Association, 18,386 foreign vehicles were newly registered in the country last [...]
SEOUL, May 12 (Korea Bizwire) — Volkswagen’s Tiguan sport utility vehicle ranked first in terms of cumulative sales in South Korea this year, reflecting its growing popularity among local customers for its relatively high fuel efficiency and affordable price, industry data showed Tuesday. Volkswagen sold a total of 3,454 units of the Tiguan 2.0 TDI BlueMotion [...]