SEOUL, April 10 (Korea Bizwire) — South Korea is becoming a ferocious battlefield of high-end imported cars after setting a new sales records this year. Porsche AG sold 2,966 vehicles in South Korea for the first quarter of this year, the most it has sold in a single quarter since 2014 when the company launched [...]
SEOUL, Jan. 20 (Korea Bizwire) — Diesel-powered vehicles, which once led the imported cars market in South Korea, are now being increasingly replaced by electric vehicles (EVs) or other eco-friendly vehicles. Carisyou Data Lab reported that among 286,722 imported cars sold last year, 52,318 (18 percent) were diesel cars. It is the first time in [...]
SEOUL, Oct. 22 (Korea Bizwire) — Roughly one third of the electric bus currently in use in South Korea were made in China. Rep. Bae Jun-young of the People Power Party submitted a report from the Ministry of Economy and Finance and the Korea Customs Service that said that 28 percent (585) of the 2,122 [...]
SEOUL, April 26 (Korea Bizwire) – Sales of imported commercial vehicles in South Korea rose 18 percent in March from a year earlier on recovering demand amid the extended coronavirus pandemic, an industry association said Monday. The number of newly registered imported commercial vehicles climbed to 413 units last month from 349 a year earlier, [...]
SEOUL, Nov. 13 (Korea Bizwire) — Consumer perception towards imported beer outranks domestic products in terms of price, quality, and variety. The Korea Consumer Agency conducted a survey of 1,000 consumers who said imported beer costs 93.7 percent of domestic products. Compared to domestic beer (a score of 100), the quality, scent and taste of [...]
SEOUL, Oct. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea jumped 26 percent last month from a year earlier on robust sales of Scania and Iveco trucks, an industry association said Monday. The number of newly registered imported commercial vehicles rose to 383 units in September from 304 a year ago, [...]
SEOUL, Aug. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 25 percent last month from a year earlier amid the coronavirus pandemic, an industry association said Wednesday. The number of newly registered imported commercial vehicles fell to 289 units in July from 383 a year earlier, according to the Korea [...]
SEOUL, Jan. 6 (Korea Bizwire) — Starting in the new year, the standard for levying liquor taxes on beer and raw rice wine has changed from a price-based “ad valorem” duty to forwarding volume-based “specific commercial duty” for the first time in 52 years. In a related move, the National Tax Service (NTS) said Sunday [...]
SEOUL, Oct. 24 (Korea Bizwire) — Beer makers in the South Korean imported beer market are in a fierce competition to win the top seat that was once occupied by Japanese beer. According to the Korea Customs Service, Japanese beer had the largest share in the imported beer market in South Korea for 10 years [...]
SEOUL, Jan. 8 (Korea Bizwire) — A recent consumer behavior survey has shown that consumers put taste and quality first as the most important factors when choosing livestock products. While preference for imported livestock products dropped after mad cow disease scares, the willingness to purchase imported livestock products has been steadily increasing since then. When [...]