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Sales of SUVs, Gasoline Cars Rise in 2019 Korean Auto Market

Sales of SUVs, Gasoline Cars Rise in 2019 Korean Auto Market

SEOUL, March 10 (Korea Bizwire) — Sales of sport utility vehicles (SUVs) and gasoline-powered vehicles posted solid growth in South Korea last year, industry data showed Tuesday, although the country’s auto market contracted for the second consecutive year. Nearly 1.8 million vehicles were registered in South Korea last year, down 1.8 percent from a year [...]

S. Korean Version of Lemon Laws to Go into Effect Next Year

S. Korean Version of Lemon Laws to Go into Effect Next Year

SEOUL, Nov. 12 (Korea Bizwire) — The South Korean version of U.S. lemon laws is set to go into effect next year as the government moves to strengthen consumers’ rights, the transport ministry said Monday. Under the lemon laws in the United States, those who purchase cars and other consumer goods that repeatedly fail to [...]

Cars in Motion Checked for Illegal Emissions via Remote Device

Cars in Motion Checked for Illegal Emissions via Remote Device

CHANGWON, Aug. 27 (Korea Bizwire) — The government of South Gyeongsang Province announced on Saturday that it will be using remote sensing devices (RSD) to verify vehicle emissions in an effort to help improve air quality in the province as public concern over air pollution continues to grow. With the help of the Korea Environment [...]

Home Appliances, Cars from China Dominating N. Korea

Home Appliances, Cars from China Dominating N. Korea

BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday.  The North imported US$75.04 million worth of LCD TVs from [...]

S. Korea Unlikely to Retake 5th-Largest Carmaker Title from India

S. Korea Unlikely to Retake 5th-Largest Carmaker Title from India

SEOUL, April 26 (Korea Bizwire) – South Korea is not likely to regain its status as the world’s fifth-largest automaker, as India has been increasing the production of vehicles at a rapid pace, an industry report said Wednesday.  South Korea was the fifth-largest producer for 11 years from 2005 until 2015 before slipping to the [...]