Luxury Cars Archives | Be Korea-savvy
South Koreans More Avid Buyers of Luxury Vehicles Than Germans, Japanese

South Koreans More Avid Buyers of Luxury Vehicles Than Germans, Japanese

SEOUL, Oct. 23 (Korea Bizwire) — Sales of luxury cars in South Korea exceed those of richer countries, industry data showed Sunday. Numbers provided by foreign carmakers and the Korea Automobile Importers and Distributors Association (KAIDA) showed South Koreans bought more new BMW 5-series and Mercedes-Benz E-class cars than Germans and neighbors in Japan from [...]

Auto Production Rises on Strong Demand for Eco-Friendly, Luxury Cars Abroad: Data

Auto Production Rises on Strong Demand for Eco-Friendly, Luxury Cars Abroad: Data

SEOUL, March 15 (Korea Bizwire) – South Korea’s automobile production surged in February amid strong demand for eco-friendly and luxury vehicles both at home and abroad, government data showed Wednesday.  Automobile output rose 9.8 percent to 336,032 units last month from a year earlier, according to statistics released by the Ministry of Trade, Industry and [...]