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 [...]
SEOUL, Feb. 1 (Korea Bizwire) — Newly released South Korean automobiles are receiving positive feedback from media platforms and agencies in the U.S. and Europe. Hyundai Motor Co.’s all-electric IONIQ 5, all-new 2022 Tucson SUV and Genesis GV80 SUV have been selected by German motoring magazine Auto Bild as the Best Import Cars of the [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s exports of autos rose to the highest point in seven years last year due to the low base effect and strong demand for eco-friendly cars, customs data showed Thursday. The country’s outbound shipments of cars came to US$42.6 billion last year, up 23 percent from the previous [...]
SEOUL, Nov. 9 (Korea Bizwire) — Consumers likely have to wait 12 months at most to buy a popular brand vehicle amid auto chip shortage. Imported car sale platform Getcha reported that it will take more than one year for the GV60, the first dedicated electric vehicle of Hyundai Motor Group’s luxury Genesis brand, to [...]
SEOUL, Nov. 1 (Korea Bizwire) — The number of registered vehicles in South Korea grew nearly 2 percent this year to near 25 million, with that of eco-friendly cars topping 1 million units, government data showed Monday. Car registrations came to 24.78 million units as of end-September, up 1.7 percent from the end of last [...]
SEOUL, Oct. 29 (Korea Bizwire) — The growth of South Korea’s exports of autos sharply slowed in the third quarter from three months earlier as disruptions of the global supply of auto chips dented vehicle output, data showed Friday. The country’s outbound shipments of cars came to US$9.7 billion in the July-September period, up 4.2 [...]
SEOUL, Sept. 22 (Korea Bizwire) — The number of vehicles recalled in South Korea surpassed 2 million in the first eight months of this year, with more quality problems discovered in electric vehicles, government data showed Wednesday. A total of 1,829 models, which amount to some 2.24 million vehicles sold in the nation, were recalled [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s exports of automobiles edged up 4 percent in August from a year earlier on robust sales of premium models, such as electric cars, despite the global supply shortages of automotive chips, data showed Wednesday. Outbound shipments of automobiles reached 135,871 units in August, according to the data [...]