Korean Automotive domestic market runs towards the new high.

South Korea

South Korea Automotive industry  plays a key role in the manufacturing industry which has been leading Korean economic growth since the 1990s. The Korean Auto Industry has already exceeded a 10% share of the national economy in the areas of employment, production, and exports. The automobile industry is export-oriented accounting for 68.3% of the total production in Korea. Export value has achieved U$74.7 billion occupying a 13.4% share of total national exports as a top exporting item.

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Korean Car Market record the World’s 9th rank in April.

Korean Car Market record the World's 9th rank in April, the best ever place fueling the growth momentum with consumers enthusiast to finally choose among hundreds models not only local made. Kia Carnival the fastest growing model.

May 20, 2015

South Korea Light Vehicle Sales at best Q1 ever.

South Korea Light Vehicle Sales at best Q1 ever thanks to the double-digit March growth.Hyundai group keeps losing share while SsangYong gains terrain. March fastest growing brand was the British Land Rover.

April 27, 2015

South Korea Auto Sales rise sharply in November.

South Korea Auto Sales rise sharply in November 2014 thanks to the recent Bank of Korea cut of base interest rate. In addition consumer's demand was stimulated by many new models introduced in the market both by domestic and foreign carmakers. The result was a market up 8.4% in the month.

December 18, 2014

South Korean Vehicle Market posted a record first half 2014.

South Korean Vehicle Market posted a record first half 2014, scoring a significant 7 percent increase over year ago and projecting the new all-time record. Market has been sustained by tariff reduction and positive domestic demand.

August 28, 2014

March 2014 South Korean car market rose 3%.

March 2014 South Korean car market rose 3.8%. Pushed up by strong economic factors, the market kept growing. BMW ended the best quarter ever in this market. See top brands and Models ranking.

April 22, 2014

South Korea: Light Vehicle Sales Summary. October 2013.

October 2013 was flat for the South Korean domestic car market. The market was marginally touched by automotive sector strikes operated in the previous two months, while export fell. BMW emerged as leader among importers and Hyundai Porter was market leader.

November 21, 2013

South Korea auto: where consumers dislike Japanese cars.

South Korean domestic market sales fell 11.1% in September penalized by lower working days and partial strike in Kia factories. Figures confirm low sales for Japanese models, while BMW, Volkswagen, Mercedes and Audi are disputing for leadership among importers.

October 21, 2013

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