Record numbers of imported vehicles sold in 2022.

According to industry sources, Friday's record-breaking number of roughly 300,000 imported car sales was fuelled by pent-up demand for luxury cars during the coronavirus outbreak. In 2022, the Korea Automobile Importers and Distributors Association reported that sales of imported car brands r...

KAIDA REPORTS S. KOREA’S SALES ON IMPORTED VEHICLE TO INCREASE IN MARCH

Highlights –

• KAIDA reports S. Korea’s sales on imported vehicle to increase in March.
• German cars saw the most sales in the country.
• In March the country’s newly registered foreign vehicles climbed to 27,297 units.
...

TESLA SOUTH KOREA LAUNCHED SUV MODEL Y ON FRIDAY

Highlights –

• Tesla South Korea launched SUV Model Y on Friday.
• The Model Y will be available in 3 trim levels in the country.
• The S. Korean govt. will give the full amount of subsidies to an electric car priced below 60 million won.

UK CINEMAS LAUNCH COVID-19 SAFEGUARDING CAMPAIGN

HIGHLIGHTS

• Some cinemas in UK are reopening.
• Due to coronavirus, it is not safe for people to visit cinema halls.
• A campaign urging audiences to return to cinemas has been launched in the UK.
• The campaign intends reassure audienc...

Benz sales increases

Korea has been a prominent name in the auto industry despite its small size and relatively unknown name in the global markets. It is the home o some of the most prestigious carmakers like Hyundai and Kia. The auto sector is quite influential given that it's only a third of the Japanese car in...