SEOUL, May 17 (Korea Bizwire) — Due to the aftereffect of the COVID-19 pandemic, South Koreans are increasingly showing preference toward spending time alone not only at home but also in their cars, a major credit card company said Monday. According to Shinhan Card Co.’s analysis of its card users, the use of driving schools [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s car exports grew 12.4 percent in April from the previous year on the back of global popularity of eco-friendly cars, data showed Monday. Outbound shipments of automobiles stood at 196,780 units last month, compared with 175,015 units a year earlier, according to the data from the Ministry [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s exports of autos declined for the first time in seven quarters in the January-March period amid global supply chain disruptions and Russia’s war with Ukraine, customs data showed Thursday. The country’s outbound shipments of cars came to US$10.93 billion in the first quarter, down 0.6 percent from [...]
SEOUL, April 15 (Korea Bizwire) — South Korea’s car exports fell 7.7 percent in March due mainly to the continued shortage of automotive chips and supply disruptions of car parts in China amid the COVID-19 pandemic, data showed Friday. Outbound shipments of automobiles stood at 179,630 units last month, compared with 194,562 units a year [...]
SEOUL, April 11 (Korea Bizwire) — Automotive sales channels that have been limited to offline dealers are now expanding towards retail industries, including large discount stores and online malls, amid a shift in the automotive retail paradigm. Large discount store chains E-Mart Inc. and Homeplus Co. each set up a showroom for Hyundai Motor Co.’s [...]
SEOUL, March 28 (Korea Bizwire) — Registered electric vehicles (EVs) in South Korea now account for close to 1 percent of all automobiles in the country, data showed Sunday, thanks to growing interest in eco-friendly cars, as well as generous government subsidies. The Ministry of Land, Infrastructure and Transport reported that among the more than 25 [...]
SEOUL, March 17 (Korea Bizwire) — A recent survey showed that South Koreans intending to buy automobiles this year tend are primarily considering sport utility vehicles (SUVs) and hybrid cars. Local used car dealer Encar.com conducted a survey of 3,427 consumers, of which 71.4 percent said they were planning to buy a car this year. Among [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korea ranked fifth in terms of the global vehicle production last year, retaining the spot for the second consecutive year, amid efforts to minimize the fallout from the pandemic-caused global chip shortages, a report showed Monday. The combined vehicle output by South Korean carmakers, including Hyundai Motor Co. [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s bestselling domestic car over the last 10 years was Hyundai Motor Co.’s Grandeur sedan and the country’s bestselling imported car was the Mercedes-Benz E-Class sedan, industry data showed Thursday. CarIsYou Data Research Center reported that there were 1,010,681 units of Hyundai Grandeur registered between Jan. 2012 and [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s automobile exports fell more than 6 percent in January from a year earlier due to a global shortage of automotive chips and a high base effect, data showed Tuesday. Outbound shipments of automobiles came to 179,709 units last month, down 6.4 percent from the previous year, according [...]