SEOUL, Nov. 23 (Korea Bizwire) – Mercedes-Benz has selected the glitzy Cheongdam neighborhood in Seoul as the location for a new high-tech digital showroom. Industry watchers believe that the move is motivated by a desire to gain a bigger share of the sizable luxury vehicle market. Figures by the Korea Automobile Importers and Distributors Association [...]
SEOUL, Nov. 9 (Korea Bizwire) — Despite massive recalls of Takata airbags that have been labeled as ‘dangerous’ in other countries, a number of foreign automobile manufacturers are refusing the South Korean government’s request to follow suit. According to the Ministry of Land, Infrastructure and Transport on Tuesday, 14 out of 17 car manufacturers in South [...]
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 [...]
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 [...]
SEOUL, Aug. 8 (Korea Bizwire) — On August 7, Mercedes-Benz Korea announced that it had sold 37,723 vehicles in the first half of this year, a 54 percent increase compared to last year. Accordingly, the South Korean market jumped three spots as it now ranks fifth among countries with the most purchases of Mercedes-Benz vehicles from [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea emerged as the world’s fifth-largest market for the German luxury auto brand Mercedes-Benz in the first half of the year thanks to its high popularity among local motorists, data showed Monday. Mercedes-Benz sold 37,723 vehicles in South Korea in the January-June period, up a whopping 54 percent [...]
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,” [...]
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 [...]
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 [...]
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 [...]