imported car Archives | Be Korea-savvy
Imported Car Brands Turn a Blind Eye to ‘Lemon Law’, Except for Volvo Korea

Imported Car Brands Turn a Blind Eye to ‘Lemon Law’, Except for Volvo Korea

SEOUL, Feb. 13 (Korea Bizwire) — The so-called ‘Lemon Law’, which allows for exchanges or refunds following new automobile purchases, took effect on January 1. However, a lack of cooperation from some imported car businesses is raising controversy over ‘reverse discrimination’ among companies. The ‘Lemon Law’ came as a result of the series of fire [...]

Number of Import Vehicles in Corporate Car Fleet Falls to Record-low Levels

Number of Import Vehicles in Corporate Car Fleet Falls to Record-low Levels

SEOUL, Jun. 12 (Korea Bizwire) — The number of imported vehicles in South Korea’s corporate car fleet has fallen to record-low levels this year after the government enforced stricter rules on non-business use, industry data showed Sunday. According to data provided by the Korea Automobile Importers and Distributors Association (KAIDA), the percentage of imported cars [...]

Auto Installment Loans and Leases Goes Up 50%, Due to Imported Cars

Auto Installment Loans and Leases Goes Up 50%, Due to Imported Cars

SEOUL, Oct. 4 (Korea Bizwire) – The higher the demand for imported vehicles has soared up, the much greater the financial size of South Korea’s credit-specialized finance companies (CSFCs) for auto installment loans and facility leasing is for the first half of 2014. According to the report from the Financial Supervisory Service in South Korea, [...]