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Lexus ES300h First Imported Hybrid to Exceed 20,000 Unit Sales in S. Korea

Lexus ES300h First Imported Hybrid to Exceed 20,000 Unit Sales in S. Korea

SEOUL, Dec. 25 (Korea Bizwire) — Lexus ES300h gasoline hybrid model has become the first imported hybrid to post accumulated sales exceeding 20,000 units in South Korea, the Japanese carmaker’s local office said Monday. The ES300h was launched in the Korean market in 2012, with total sales hitting 6,112 models sold last year, accounting for [...]

Seoul New Sales Heaven for Supercars

Seoul New Sales Heaven for Supercars

SEOUL, March 19 (Korea Bizwire) — Supercars are selling more than ever in Seoul, and the city is rapidly becoming a new hotspot for supercar brands. Bentley sells more of its US$ 230,000 model at its Cheongdam dealership in Seoul than anywhere else in the world. For all Bentley models, Seoul ranks second in sales behind Dubai. [...]

Auto Parts Prices to Be Disclosed to the Public

Auto Parts Prices to Be Disclosed to the Public

SEOUL, Aug. 5 (Korea Bizwire) – The government has mandated automotive parts sellers to disclose the invoice prices of the parts including those of import cars. The Ministry of Land, Infrastructure, and Transportation said on August 3 that it revised a regulation on the automotive parts self-certification system and required the manufacturers and retailers of auto parts and components to reveal [...]

Countdown to Opening of 2014 Busan International Motor Show

Countdown to Opening of 2014 Busan International Motor Show

BUSAN, May 27 (Korea Bizwire) - Starting with Press Day on May 29, and the Opening Ceremony on May 30, the 2014 Busan International Motor Show (BIMOS 2014) will be at BEXCO in Busan for 11 days through June 8. The auto show, which first convened as the inaugural exhibition for BEXCO in 2001, is [...]