repair costs Archives | Be Korea-savvy

Imported Cars Have Similar Insurance Premiums to Domestic Cars Despite Significantly Higher Repair Costs

SEOUL, July 28 (Korea Bizwire) — The insurance premiums for high-priced vehicles such as imported cars turned out to be similar to those of domestic vehicles although the former are typically much more costly to repair, the state audit agency said Tuesday. Owners of imported cars and large trucks have enjoyed insurance benefits more than [...]

Consumer Anxiety over EV Repair Costs on the Rise

JEJU, Oct. 6 (Korea Bizwire) — Along with an increase in the number of electric vehicle (EV) battery breakdowns and accidents, consumer anxiety is growing about the repair cost of EVs, which sometimes adds up to tens of millions won. Late last month, an electric version of the Kona subcompact SUV caught fire while being [...]