SEOUL, Feb. 7 (Korea Bizwire) — A recent study has revealed that South Korean customers typically prefer white cars, and tend to purchase vehicles painted in achromatic tones. Axalta Coating Systems Ltd, a multinational coatings provider, said that one out of three vehicles sold in South Korea was white, followed by gray (21 percent), black [...]
SEOUL, Jan. 6 (Korea Bizwire) — The number of sport utility vehicles (SUVs) sold in South Korea in 2018 shot up 12.7 percent on-year — growing faster than any other type of automobile — to hit a record-high level, data showed Sunday. According to the data based on figures from five South Korean car manufacturers, [...]
SEOUL, April 26 (Korea Bizwire) – South Korea is not likely to regain its status as the world’s fifth-largest automaker, as India has been increasing the production of vehicles at a rapid pace, an industry report said Wednesday. South Korea was the fifth-largest producer for 11 years from 2005 until 2015 before slipping to the [...]
SEOUL, Feb. 22 (Korea Bizwire) – Korea’s largest automotive event, the Seoul Motor Show, will run from March 31 to April 9, but is likely to be a disappointment for the legions of local car fanatics. According to the organizing committee, nine local and 18 overseas car brands will participate in this year’s show, which [...]
SEJONG, Feb. 14 (Korea Bizwire) – Korean vehicle classification, which previously fell into categories such as small, medium or full-sized according to engine displacement and size, will undergo changes for the first time in 30 years. Technological advancements have brought new and diverse cars into the market, such as eco-friendly cars and micro compact cars, [...]
SEOUL, Jan. 17 (Korea Bizwire) – The number of registered vehicles in South Korea continued to grow, nearing 22 million in 2016, the government said Tuesday. Car registrations came to 21,803,351 units as of end-2016, up 3.9 percent or some 813,000 from a year earlier, according to the Ministry of Land, Infrastructure and Transport. The [...]
SEOUL, Jan. 16 (Korea Bizwire) – Global Automotive 2016 Color Popularity Report by Axalta, a coating company, revealed that 33 percent of cars sold in Korea in 2016 were either solid white or pearl white. Although this was a drop from 36 percent in 2015, white was still the most popular color for vehicle purchases [...]
SEJONG, Sept. 13 (Korea Bizwire) – South Korea’s car exports shrank to a seven-year low in August due mainly to contracted global demand and partial strikes at local carmakers, the government said Tuesday. Outbound shipments of vehicles came to 142,987 units last month, down 18.6 percent from 175,610 units tallied a year earlier, according to [...]
SEOUL, June 21 (Korea Bizwire) – The number of registered passenger vehicles in South Korea is expected to top 20 million this month, heralding the advent of the “one household with two cars” era, data showed Tuesday. The number of registered passenger cars here came to 19,964,178 as of the end of May, according to [...]
SEOUL, June 20 (Korea Bizwire) – South Korea’s top automotive group Hyundai Motor Group is beginning to offer Apple’s CarPlay system in its vehicles sold here, market observers said Sunday. Hyundai Motor Co., the bigger of the two automakers that make up the world’s fifth-largest automotive group, began incorporating CarPlay into the infotainment system of [...]