Korean automotive market Archives

GM Korea CEO Says Corvette May Not Be Sold in Korea Due to Noise Regulation

“Currently we are reviewing whether the Chevy Impala is a good model to be introduced in the Korean market. If we decide not to, that’s based on our judgment on marketability.” “The launch of the seventh-generation Corvette is being delayed indefinitely due to Korea’s regulation on automobile noise. Although such regulatory stance may benefit the [...]

Auto Installment Loans and Leases Goes Up 50%, Due to Imported Cars

SEOUL, Oct. 4 (Korea Bizwire) – The higher the demand for imported vehicles has soared up, the much greater the financial size of South Korea’s credit-specialized finance companies (CSFCs) for auto installment loans and facility leasing is for the first half of 2014. According to the report from the Financial Supervisory Service in South Korea, [...]