Korea Automobile Importers & Distributors Association Archives

Stock of Imported Cars in Korea Reaches a New High

SEOUL, April 11 (Korea Bizwire) – The number of imported cars from last year that are still in stock is estimated to be about 63,000, triple the number from three years ago and a record high in Korea. The Korea Automobile Manufacturers Association (KAMA) and Korea Automobile Importers & Distributors Association (KAIDA) reported on April 9 [...]

What Makes Korean Drivers Have Crush on Imported Automobiles

SEOUL, Oct. 22 (Korea Bizwire) – The ratio of imported vehicles in South Korea’s automotive market has been conspicuously on the rise and many people wonder what factors have been behind the local consumers’ crush on “Made-in Overseas” automobile brands. About this, many say the government’s regulation shift, high oil prices — which led to a [...]