SEOUL, Jul. 9 (Korea Bizwire) – The proportion of imported cars registered under corporate names in South Korea has fallen to an unprecedented low in the first half of 2024, dipping below 35% for the first time in recent history. According to data released by the Korea Automobile Importers and Distributors Association (KAIDA) on July 8, [...]
SEOUL, Jul. 8 (Korea Bizwire) — The ratio of imported vehicles registered as company cars fell to the lowest level of 34 percent of all imported car registrations in the first half under a new vehicle registration law, an automobile industry association said Monday. The number of company-owned imported vehicles came to 42,200 units, accounting [...]
SEOUL, Jan. 15 (Korea Bizwire) — Last December, sales of imported cars valued at over 100 million won in South Korea saw a significant increase compared to the previous month. This surge has been attributed to efforts to avoid the new green license plates, designated for corporate cars worth over 80 million won from January of this [...]
SEOUL, Sept. 6 (Korea Bizwire) – In the realm of imported automobiles, there has been a noticeable shift in consumer preferences. Interest in diesel sedans and sport utility vehicles (SUVs) is waning, while electric vehicles (EVs) are gaining significant popularity. In particular, the market for imported electric passenger cars saw a significant milestone in August this [...]
SEOUL, Sept. 5 (Korea Bizwire) — Imported vehicle sales in South Korea fell 2.1 percent last month from a year earlier amid a lack of supplies in some brands, an industry association said Tuesday. The number of newly registered imported cars came to 23,350 units in August, down from 23,850 units a year ago, the [...]
SEOUL, Aug. 3 (Korea Bizwire) – Imported vehicle sales in South Korea fell 1.3 percent last month from a year earlier due to the end of tax cuts and lack of supplies in some brands, an industry association said Thursday. The number of newly registered imported cars came to 21,138 units in July, down from [...]
SEOUL, June 20 (Korea Bizwire) — The share of imported cars in South Korea’s electric vehicle (EV) market has far exceeded that in the market for internal combustion engine (ICE) cars. The number of electric cars sold in the domestic market until last month reached a total of 450,731 units and of this total, domestically [...]
SEOUL, June 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.2 percent last month from a year earlier due mainly to lack of supplies in some brands, an industry association said Monday. The number of newly registered imported vehicles came to 21,339 units in May, down from 23,512 units a year [...]
SEOUL, May 4 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.4 percent last month from a year earlier due to lack of supplies in some brands and high interest rates, an industry association said Thursday. The number of newly registered imported vehicles came to 20,910 units last month, down from 23,070 [...]
SEOUL, April 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 4.3 percent last month from a year earlier due to decreased sales of German cars, an industry association said Wednesday. The number of newly registered foreign vehicles came to 23,840 units last month, down from 24,917 units a year ago, the [...]