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S. Korean Car Buyers Shunning Diesel Vehicles

SEOUL, Jul. 13 (Korea Bizwire) — Blamed for air pollution and speculation of price hikes down the road has dampened demand for diesel-powered vehicles to a four-year low in the first half of this year, industry data showed Thursday. The Korea Automobile Manufacturers Association (KAMA) said among new cars registered in January to May this [...]

Carmakers Balk at Moon’s Pledges Against Diesel Cars

SEOUL, May 16 (Korea Bizwire) – Carmakers on Monday balked at President Moon Jae-in’s pledges against diesel-powered vehicles, citing no alternatives to the fuel-efficient cars particularly for businesses. During the campaign, President Moon vowed to fully remove diesel-fueled vehicles from the street by 2030 to help sharply reduce air pollutants. He said his government will reduce fine dust [...]