high-end cars Archives | Be Korea-savvy

Luxury Imported Cars Enjoy Sales Boost Despite Pandemic

SEOUL, March 23 (Korea Bizwire) – Sales of high-end imported cars costing over 100 million won (US$88,500) have soared in South Korea over the past couple of years. The Korea Automobile Importers and Distributors Association reported a 69.2 percent jump in the number of luxury imported cars sold in January and February (8,257 cars) compared [...]

Company Funds Used to Purchase High-end Cars with Tax Deductions

SEOUL, Sept. 16 (Korea Bizwire) — Automobiles worth more than 100 million won (US$84,745) are registered under corporate names more than private individuals, recent data has revealed. The Ministry of Land, Infrastructure and Transport reported that 51 percent of high-end cars that cost between 100-400 million won were registered as corporate assets as of May, [...]