SEOUL, Sept. 24 (Korea Bizwire) — Voices are growing for the need to improve the tax benefit system to address the issue arising from the business practice in which hundreds of millions of won worth of luxury import cars are used for private purposes after being registered as business vehicles. According to the latest report [...]
SEOUL, Oct. 28 (Korea Bizwire) — Import car sales that have been on a roll in recent years will probably fall short of this year’s initial sales target of 256,000 units, due to recalls and tightened exhaust regulations, industry sources said Sunday. The predictions came as total sales of foreign cars in the first nine [...]
SEOUL, Oct. 7 (Korea Bizwire) — The market presence of imported diesel cars in South Korea has backtracked in South Korea in the face of a comeback by gasoline vehicles, industry data showed Sunday. According to the Korea Automobile Importers and Distributors Association (KAIDA), the number of newly registered diesel cars in the country reached [...]
SEOUL, South Korea, Sept 30 (Korea Bizwire) – The number of import cars on Korea’s roads is quickly on the rise. According to the Ministry of Land, Infrastructure, and Transportation, as many as 585,218 import cars have been registered with motor vehicle agencies in Korea for the eight-month period between January and August. This is more [...]