SEOUL, Feb. 25 (Korea Bizwire) - Major foreign brands selling cars in South Korea have decided not to offer any refunds to their customers despite the government’s recent tax cut, claiming that it has already been reflected in their ramped-up sales promotions, company officials said Thursday. The government ended a 1.5-percentage-point excise tax cut at the [...]
SEJONG, Dec. 7 (Korea Bizwire) - Mercedes-Benz and Maserati will recall 724 cars sold in South Korea for safety-related mechanical defects, the Ministry of Land, Infrastructure and Transport said Monday. German luxury carmaker Mercedes-Benz will make repairs on 721 S63 AMG 4Matic sedans for ignition problems. The defect has been determined to be caused by a [...]
SEJONG, Sept. 16 (Korea Bizwire) — The government is considering forcing carmakers to exchange or give refunds for defective cars that pose safety risks, a government official said Wednesday. The move is in response to a frustrated consumer publicly smashing his 200 million-won (US$169,200) Mercedes-Benz AMZ S63 with a baseball bat and a golf club [...]
BUSAN, August 5 (Korea Bizwire) – ‘Mercedes me Busan’, a pop-up store where customers can experience a new Mercedes-Benz model, will open at Gwangalli Beach in Busan, targeting young people. The concept of ‘Mercedes me Busan’ is a café where visitors can experience Mercedes’ values and sensibility. Smaller models such as the C class will be exhibited, [...]
SEOUL, July 8 (Korea Bizwire) — The number of cars subject to safety-related recalls in South Korea jumped over 25 percent in the first half of 2015 as automakers tended to voluntarily recall vehicles suspected of possible defects, data showed Wednesday. Local and foreign automakers recalled 425,212 cars during the January-June period for safety-related defects, [...]
SEOUL, Jun. 8 (Korea Bizwire) — Sales financing companies for German car dealers in Korea are still applying 7 to 9 percent interest rates for financing plans offered to customers, even though the Korean base rate has dropped to 1 percent. Some companies are luring customers into paying interest whose total amount is even higher [...]
SEOUL, June 4 (Korea Bizwire) — Sales of imported cars in South Korea jumped 20.1 percent in May from a year earlier, driven by strong demand for German vehicles, industry data showed Thursday. According to the data by the Korea Automobile Importers and Distributors Association, 18,386 foreign vehicles were newly registered in the country last [...]
GOYANG, May 27 (Korea Bizwire) — Mercedes-Benz Korea has introduced a partial autopilot vehicle which automatically accelerates and decelerates to keep pace with surrounding traffic. On May 26 at Ilsan’s KINTEX, the company held a workshop about its DISTRONIC PLUS intelligent drive system, where eight S-Class cars featuring the technology were shown to the public. [...]
“The Korean market is very important to Mercedes-Benz. It is one of our top 10 markets around the world. One thing I think that signifies this market is that we have very educated and demanding customers. They are technology-oriented. So if you are successful in Korea, you can be successful in other parts of the [...]
SEOUL, May 8 (Korea Bizwire) — The number of newly registered foreign cars in South Korea grew 8.9 in April from a year earlier, driven mostly by German brands, including Mercedes-Benz and BMW, industry data showed Friday. According to the data by the Korea Automobile Importers and Distributors Association, a total of 18,202 foreign vehicles [...]