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Seoul New Sales Heaven for Supercars

Seoul New Sales Heaven for Supercars

SEOUL, March 19 (Korea Bizwire) — Supercars are selling more than ever in Seoul, and the city is rapidly becoming a new hotspot for supercar brands. Bentley sells more of its US$ 230,000 model at its Cheongdam dealership in Seoul than anywhere else in the world. For all Bentley models, Seoul ranks second in sales behind Dubai. [...]

Korean Companies Hold 41 Percent of Global Automotive Battery Patents

Korean Companies Hold 41 Percent of Global Automotive Battery Patents

SEOUL, Jan. 13 (Korea Bizwire) — Korean companies are building up a solid lead in the market for electric vehicle batteries. According to a market report on automotive batteries published by SNE Research on January 12, Korean companies held a 41 percent share of automotive battery patents as a percentage of the global total. LG Chem held [...]

Countdown to Opening of 2014 Busan International Motor Show

Countdown to Opening of 2014 Busan International Motor Show

BUSAN, May 27 (Korea Bizwire) - Starting with Press Day on May 29, and the Opening Ceremony on May 30, the 2014 Busan International Motor Show (BIMOS 2014) will be at BEXCO in Busan for 11 days through June 8. The auto show, which first convened as the inaugural exhibition for BEXCO in 2001, is [...]

Foreign Car Craze in the Domestic Market

Foreign Car Craze in the Domestic Market

SEOUL, Korea, April 7 (Korea Bizwire) – Imported wheels are selling like hot cakes in Korea. Last month, the monthly sales of foreign cars have exceeded 15,000 breaking the record of 14,953 in July 2013. According to the Korea Automobile Importers and Distributors Association, 15,733 foreign cars were registered in March which has increased 30.4 [...]

Import Cars Selling Well in Regional Cities

Import Cars Selling Well in Regional Cities

  SEOUL, Korea, Feb 19 (Korea Bizwire) – As more people opt to buy imported cars over home-made ones, import car dealerships are opening up everywhere in the country from a narrow confines of Gangnam and other high-income neighborhoods in Seoul. According to data provided by the Korea Automobile Importers & Distributors Association on February 18, [...]