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 [...]
SEOUL, Aug. 4 (Korea Bizwire) – Sales of imported vehicles in South Korea dropped sharply from a year earlier in July due partly to a large cut in sales of Volkswagen and Audi cars mired in the fake emissions scandal, industry data showed Thursday. According to the data compiled by the Korea Automobile Importers and [...]
SEOUL, March 10 (Korea Bizwire) – With restrictions on the accounting of vehicles for business use becoming stricter, the number of imported cars being used as corporate vehicles has dropped to a historic low. Vehicles from brands such as Rolls-Royce, Bentley, Porsche, Jaguar, Lexus, Audi and BMW that were purchased as corporate cars and then [...]
SEOUL, March 24 (Korea Bizwire) — Imported car owners in their twenties are increasingly fixing their own cars amidst a growing controversy over car importers overpricing imported car parts and repair costs. According to the online retailer Auction, the sales of imported car parts through the website from February 19 to March 18 increased 32 [...]
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, [...]