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Surge in Sales of Luxury Imported Cars in South Korea Ahead of New Green License Plate Regulation

Surge in Sales of Luxury Imported Cars in South Korea Ahead of New Green License Plate Regulation

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 [...]

EVs Surge as Imported Diesel Car Sales Decline in S. Korean Market

EVs Surge as Imported Diesel Car Sales Decline in S. Korean Market

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 [...]