Seoul, Jan. 22 (Korea Bizwire) — Growing demand for foreign vehicles in South Korea has spilled over into the used car market, as more than one quarter of all used cars are now from foreign brands. According to data released by used car company SK Encar last week, foreign cars traded on its website now account [...]
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, Feb. 6 (Korea Bizwire) – The number of newly registered foreign cars in January 2015 reached an all-time high since the Korean auto market was opened to foreign competition 25 years ago. According to an announcement from the Korea Automobile Importers & Distributors Association (KAIDA), 19,930 imported cars were sold in January, an increase of 16.4 [...]