SEJONG, Dec. 10 (Korea Bizwire) - South Korea’s so-called echo boom generation has less pride in their Korean identity and are more self-oriented than baby boomers, nationwide data showed Thursday. According to the 2015 Korean Social Trend report by Statistics Korea, people born between 1979 to 1992, who make up 19.5 percent of the country’s population, [...]
SEOUL, June 16 (Korea Bizwire) — Kia Motors, South Korea’s second-largest carmaker, said Tuesday that its cumulative exports will likely exceed 15 million units soon, a feat that comes four decades after it started to sell its cars in global markets. Kia Motors said in a press release that its cumulative exports stood at around [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor and its smaller affiliate, Kia Motors, reclaimed the top spot in the subcompact vehicle market in the United States in April for the first time in four months, industry data showed Monday. According to Autodata, a U.S. auto research company, the two Korean automakers sold a combined 11,010 [...]
SEOUL, May 6 (Korea Bizwire) – Once, Korea’s compact car market was dubbed as “graveyard for hatchbacks.” However, as more Korean drivers are seeking hatchback-style compact cars, purchasing trends are aligning with those in Europe as buyers prioritize practicality. According to sales data from the local auto manufacturers, from January to April a total of 9,304 [...]
SEOUL, March 17 (Korea Bizwire) – Kia Motors, South Korea’s second-largest carmaker, said Tuesday that its cumulative domestic sales of passenger cars have exceeded 5 million units, a milestone achieved in more than four decades since its first passenger car hit showrooms here. Kia Motors, a smaller affiliate of market leader Hyundai Motor, said the [...]
SEOUL, Dec. 11 (Korea Bizwire) – Kia Motors’ Pride, also known as the Rio, is the best-selling car in Russia. It is the first time that a foreign vehicle takes first place in auto sales in the country. A total of 10,823 units were sold last month, outnumbering Russian automaker Lada’s Granta model. The Russian [...]
SEOUL, Korea, Jan 20 (Korea Bizwire) – There are some athletes who play better in international matches while putting up mediocre performance at home. In the same way, there are some car models that sell well overseas while selling fewer than 10,000 units domestically. The Kia Soul is one of such models. Last year, the [...]