SEOUL, Feb. 6 (Korea Bizwire) — The vast majority of supercars in South Korea, including vehicles produced by Ferrari, Lamborghini and McLaren, are owned by corporate bodies, industry data showed Sunday. According to Carisyou Data Lab, 75.3 percent of 4,192 supercars in the country were registered as corporate-owned vehicles as of December last year. The [...]
SEOUL, Jan. 14 (Korea Bizwire) — Sales of supercars that cost more than 200 million won (US$168,000) spiked last year. Italian supercar maker Ferrari sold 357 cars in South Korea last year, which was 68.4 percent more than the previous year (212 cars), according to the data by CarIsYou Data Research Center. Bentley sales also [...]
SEOUL, Sept. 24 (Korea Bizwire) — Voices are growing for the need to improve the tax benefit system to address the issue arising from the business practice in which hundreds of millions of won worth of luxury import cars are used for private purposes after being registered as business vehicles. According to the latest report [...]
SEOUL, June 11 (Korea Bizwire) — The popularity of high-end imported auto brands such as Lamborghini, Bentley, and Porsche is growing in South Korea, mainly driven by purchases from corporate bodies. The Korea Automobile Importers and Distributors Association reported Wednesday that Lamborghini sales this year had reached 84 cars as of April, up by 265 [...]