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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 [...]

FTC Slaps 1.78 bln-won Fine on Mercedes-Benz Korea, Dealerships

FTC Slaps 1.78 bln-won Fine on Mercedes-Benz Korea, Dealerships

SEJONG, Sept. 26 (Korea Bizwire) — South Korea’s antitrust watchdog said Tuesday that it has slapped a combined 1.78 billion-won (US$1.57 million) fine on Mercedes-Benz Korea and its dealerships for fixing labor costs for auto repairs. Mercedes-Benz Korea, the local unit and importer of German carmaker Daimler AG, allegedly suggested to eight dealerships fixing rates [...]

Ministry Investigating Mercedes-Benz Vehicles on Alleged Emissions Fraud

Ministry Investigating Mercedes-Benz Vehicles on Alleged Emissions Fraud

SEOUL, Jul. 14 (Korea Bizwire) — South Korea’s environment ministry has launched a probe into some imported Mercedes-Benz vehicles, an official said Friday, amid reports about an emissions fraud scandal involving German luxury automaker Daimler. “We have found that there are some 40 kinds of imported Mercedes-Benz vehicles suspected of carrying the emissions manipulation device,” [...]

Mercedes-Benz Sales Gain Traction in S. Korea, BMW Struggles to Keep Pace

Mercedes-Benz Sales Gain Traction in S. Korea, BMW Struggles to Keep Pace

SEOUL, Jul. 9 (Korea Bizwire) — German luxury carmaker Mercedes-Benz is speeding ahead in terms of sales in South Korea, while its main rival BMW is struggling to keep pace, industry data showed Sunday. According to sales figures released by the Korea Automobile Importers and Distributors Association (KAIDA) and other market trackers, Mercedes-Benz midsize E-Class [...]

S. Koreans Prefer Expensive or Low-priced Import Cars: Data

S. Koreans Prefer Expensive or Low-priced Import Cars: Data

SEOUL, May 25 (Korea Bizwire) — South Koreans preferred to buy expensive or low-priced imported vehicles in the January-April period, industry data showed Wednesday. In the four-month period, sales of imported vehicles priced at less than 30 million won (US$27,000) jumped 81 percent to 2,960 units from a year earlier, numbers released by the Korea [...]

BMW, Mercedes-Benz Sell More Cars in S. Korea than Japan

BMW, Mercedes-Benz Sell More Cars in S. Korea than Japan

SEOUL, May 22 (Korea Bizwire) — German carmakers BMW and Mercedes-Benz sold more vehicles in South Korea in the January-April period compared to Japan, an industry association said Sunday. Vehicle sales by BMW and Mercedes-Benz jumped 48 percent and 32 percent year-on-year, respectively, to 18,115 and 24,877 units in the Korean market during the first [...]

Mercedes-Benz Recalls 280 Cars in S. Korea for Takata Airbag

Mercedes-Benz Recalls 280 Cars in S. Korea for Takata Airbag

SEOUL, Feb. 24 (Korea Bizwire) – Mercedes-Benz Korea, the local importer and distributor of the German vehicle, will recall some 280 cars sold here for an airbag issue that has affected millions of cars of various brands throughout the world, the transportation ministry said Friday.  The latest recall is part of the Takata airbag recall [...]