SEOUL, March 4 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 5.3 percent in February from a year earlier, while Japanese brands continued their struggle in the face of weaker demand amid trade tensions with Seoul, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 16,725 units [...]
SEOUL, Feb. 5 (Korea Bizwire) — Sales of imported cars in South Korea fell 3.1 percent in January from a year earlier due to lower demand for Japanese brands amid trade tensions between Seoul and Tokyo, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 17,640 units last month from [...]
SEOUL, Jan. 28 (Korea Bizwire) — The majority of the customers looking for imported cars are in their 30s, a recent study has showed. The Korea Automobile Importers and Distributors Association reported that among 244,780 cars sold in the imported car market, 153,677 cars were sold to private individuals. Among them, customers in their 30s [...]
SEOUL, Jan. 6 (Korea Bizwire) — Imported car sales in South Korea fell 6.1 percent in 2019 from a year earlier as Japanese brands struggled with a boycott amid trade tensions between Seoul and Tokyo, an industry association said Monday. The number of newly registered foreign vehicles fell to 244,780 units last year from the [...]
SEOUL, Nov. 5 (Korea Bizwire) — Imported car sales in South Korea rose 6.2 percent on-year last month helped by new models, but Japanese brands still struggled feeling the pinch of a boycott against Japanese goods amid trade tensions between Seoul and Tokyo, industry data showed Tuesday. The number of newly registered foreign vehicles rose [...]
SEOUL, Sept. 4 (Korea Bizwire) — Imported vehicle sales in South Korea fell 5.6 percent last month due to a slump in sales of Japanese vehicles amid trade tension with Japan, industry data showed Wednesday. The number of newly registered foreign vehicles stood at 18,112 in August, down from 19,206 a year earlier, according to [...]
SEOUL, Jul. 2 (Korea Bizwire) — Six months have passed since the “Lemon Law” went into effect, but the number of applications from consumers was found to be very low and some import car companies refused to abide by the conditions imposed. The Citizens’ Coalition for Economic Justice (CCEJ) issued a statement Monday saying that [...]
SEOUL, Mar. 25 (Korea Bizwire) — The ratio of imported cars to insured vehicles in South Korea exceeded the 10 percent mark in 2018, industry data showed Monday, pointing to their growing popularity here. According to the data from the Korea Insurance Development Institute, imported cars came to 1.791 million units as of end-2018, accounting [...]
SEOUL, Mar. 14 (Korea Bizwire) — Reports of defects in imported cars have reached 2,800 cases over the last five years, many of them involving engines or automatic transmission which, if they fail, may lead to serious accidents. Citizens United for Consumer Sovereignty (CUCS) revealed the results of an analysis of the defect reports of [...]
SEOUL, Jan. 4 (Korea Bizwire) — Sales of imported vehicles in South Korea continued to rise last year, aided by firm demand for foreign brands and the resumption of sales by Audi Volkswagen, industry data showed Friday. The number of newly registered foreign vehicles reached 260,705 last year, up 11.8 percent from a year earlier, [...]