South Korean car market Archives

Sales of Gasoline Cars Soar Amid Criticism of Diesel Fuel

SEOUL, Aug. 2 (Korea Bizwire) — Concern over fine dust emissions and the rising price of diesel fuel are seeing gasoline cars bounce back in the South Korean automobile market. Data released by the Korea Automobile Manufacturers Association and the Ministry of Land, Infrastructure and Transport on Tuesday showed the number of gasoline-fueled cars registered between [...]

South Korean Midsize Hybrid Car Market Halved This Year

SEOUL, May 10 (Korea Bizwire) – Sales of midsize hybrid cars were halved in the first four months of this year, mainly due to existing vehicle models becoming dated and the popularity of new non-hybrid vehicles, market watchers said Sunday. Data provided by carmakers showed sales of the Sonata, K5 and Malibu hit 2,268 units at the end of April, down a sharp 49.7 percent from [...]