SEOUL, Oct. 16 (Korea Bizwire) — More than 7 out of 10 luxury imported vehicles selling for more than 100 million won each have been registered under corporate entities, prompting critics to call for an investigation to verify whether the vehicles have been inappropriately registered for the purpose of evading taxes. According to data submitted [...]
SEOUL, Jun. 12 (Korea Bizwire) — The number of imported vehicles in South Korea’s corporate car fleet has fallen to record-low levels this year after the government enforced stricter rules on non-business use, industry data showed Sunday. According to data provided by the Korea Automobile Importers and Distributors Association (KAIDA), the percentage of imported cars [...]
SEOUL, Nov. 2 (Korea Bizwire) – The luxury vehicle division of Hyundai Motor Company, Genesis Motors, marks its first anniversary on November 4, after a rather successful first year. Although Hyundai launched a luxury sedan called the Hyundai Genesis in 2008, an official division was established last year dedicated to Hyundai’s luxury line-up with the [...]