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Imported Car Sales Rise 7.8 pct in August amid Chip Shortage

Imported Car Sales Rise 7.8 pct in August amid Chip Shortage

SEOUL, Sept. 5 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 7.8 percent last month from a year earlier despite the extended chip shortage, an industry association said Monday. The number of newly registered foreign vehicles stood at 23,850 units last month, up from 22,116 units a year ago, the Korea Automobile [...]

Replacement Parts for Foreign Vehicles to Lower Financial Burden among Korean Drivers

Replacement Parts for Foreign Vehicles to Lower Financial Burden among Korean Drivers

SEOUL, July 9 (Korea Bizwire) — Auto parts produced by a Taiwanese firm will likely be approved to be used for imported vehicles here, a local auto parts association said Thursday, raising hopes that customers could have their cost burden eased in maintaining expensive foreign vehicles. The Korea Automobile Parts Association (KAPA) said that it [...]