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 [...]
SEJONG, April 26 (Korea Bizwire) — Mercedes-Benz Korea, the local importer of the luxury German car brand, is recalling nearly 2,800 vehicles sold here because of an oil leak that may lead to a fire, the transportation ministry said Sunday. Due to a defective part in 10 vehicle models, including the E220, engine oil may leak, [...]
SEOUL, March 19 (Korea Bizwire) — Supercars are selling more than ever in Seoul, and the city is rapidly becoming a new hotspot for supercar brands. Bentley sells more of its US$ 230,000 model at its Cheongdam dealership in Seoul than anywhere else in the world. For all Bentley models, Seoul ranks second in sales behind Dubai. [...]
SEOUL, March 11 (Korea Bizwire) — Mercedes-Benz is holding an exhibition of paintings created by children participating in its 2015 Mobile Kids program, an international road safety convention for elementary school children that was initiated by the company. The exhibition, featuring drawings reflective of the children’s individual dreams, will be held at the Mercedes-Benz Songpa Showroom [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hankook Tire will be a title sponsor for the 24H Series, the biggest endurance race in the world, and will be the exclusive tire supplier from 2015 to 2017, according to a company announcement on January 8. The Korean tire manufacturer will supply 17″ to 19″ racing tires to every [...]