SEOUL, Dec. 5 (Korea Bizwire) – A survey of prospective car owners has revealed that if prices of both domestic autos and foreign brands are raised by equal amounts, demand for the former will suffer, while consumer proclivity for the latter will actually increase. The domestic auto industry has gone on to say that should [...]
SEOUL, Dec. 4 (Korea Bizwire) – South Korean consumers tend to move towards imported cars when government regulations prompt price increases, a new survey has found. According to the report from Consumer Insight, which was conducted at the request of the Korea Automobile Manufacturers Association, when the price of cars rose by two million won, the [...]
SEOUL, Dec. 9 (Korea Bizwire) — A study said the prices of parts and components for import cars sold in Korea are up to 2.5 times more expensive than those sold overseas. Comparing to the parts and components of domestic cars, the price differential is often as high as seven times. Consumers Korea, in cooperation with the [...]