SEOUL, Dec. 4 (Korea Bizwire) – South Korean consumers tend to move towards imported cars when government regulations prompt price increases, a new survey has found. According to the report from Consumer Insight, which was conducted at the request of the Korea Automobile Manufacturers Association, when the price of cars rose by two million won, the [...]
SEOUL, Aug. 10 (Korea Bizwire) – South Korea’s automakers on Thursday warned they may have to move their factories offshore pending an imminent court ruling that could increase the cost of salaries by trillions of won. The Korea Automobile Manufacturers Association (KAMA), representing the country’s five car producers, said in a joint statement that a [...]
SEOUL, Feb. 13, (Korea Bizwire) – Italian luxury sports car brand Maserati S.p.A. said Thursday its sales in South Korea leaped nearly sixfold on-year in 2014, demonstrating that its vehicles, priced at over US$100,000 on average, are becoming less of a rare extravagance as big names from abroad continue to expand their foothold in South [...]