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2015.02.08 07:49
2015 Seoul Motor Show slated to open in early April will draw public attention as a lot of auto makers will take part in the show, including super cars, Chinese electric cars and buses not seen before in the arena.According to the Organizing Committee of Seoul Motor Show, the 2015 Seoul Motor Show t
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2015.01.25 20:47
Imported car market in Korea is growing rapidly, and so some foreign brands who paid attention on China or Japan so far are now turning their eyes to Korea.Recently high ranking executives of importers’ head offices are taking care of Korean market by themselves. German Porsche AG who set up Porsche
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2015.01.25 15:45
Renault Samsung registered the highest growth rate last year, revitalizing its moribund mother company Renault.According to the global new car sales results in 2014 released by Renault Group last 19th, the Group’s total sales registered 2,712,432 units, up 3.2% over 2013, achieving two consecutive g
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2015.01.24 09:27
The BMW’s Youngjongdo Driving Center is setting to be a mecca for imported cars.According to BMW Korea, the Driving Center, officially opened last July and entered into operation since last August, was visited by around 40,000 people during the five months of August through December.This means that
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2015.01.11 17:25
The U.S. Ford Motor is ambitious of selling 10,000 units this year for the first time in Korea, for which they are bolstering up diesel car line-up.Ford Sales Service Korea (CEO Jae-Hee Chung) has recently announced that six new models including three diesels like New Mondeo, New Kuga, and New Focus
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2015.01.10 21:19
German car importers’ Busan dealers were indicted for over-charging repair works, which is amounting to several hundred million won.Busan Metropolitan Police Agency reported on January 8th that 11 persons related to the fraud were booked without detention. Those indicted include three repair shops,
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2015.01.10 17:25
Last year Ministry of Land, Infrastructure and Transport (MLIT) reinforced the conformity test for fuel efficiency of cars, and accordingly some imported cars put some new models into the Korean market with lower fuel economy. Importers perked up their efforts by changing engines and even certificat
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2014.12.21 21:29
Toyota, Nissan, and Honda, the big three Japanese car makers have enjoyed the most favorable business environment in recent years in Korea basically thanks to the low yen, helped by the Abenomics.Lexus, Infiniti, and other major models imported from Japan regained price competitiveness and got the e
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2014.12.13 23:06
Audi Volkswagen Korea has been pulling up the new calendar year prices for three consecutive years, and for the year of 2014 they apparently have raised prices by the way of changing model names, or stealthily inflated them in advance of pulling down later in a few months. Their rationale is apparen
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2014.12.13 23:05
As a new stricter emission standard EURO 6 has been implemented since September 2014, some imported cars are queuing for certification of emissions, and so importers are concerned about the delaying new car releases, or warehousing several months at the PDI.According to importers and government agen
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2014.12.13 23:05
Nissan Korea launched last month a new SUV model Qashqai, but is confronted with dealers’ backlash on the curtailment of dealer margin. A person in charge argues that Nissan Korea is expecting a surplus of 30 billion won this year thanks to the depreciation of yen, but in order to strike off the acc
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2014.11.29 22:55
Ministry of Land, Infrastructure and Transport (MOLIT) is on investigation after they found exaggerated fuel economy of Audi A6.An officer at the MOLIT said that Audi A6 3.0 TDI turned out to be exceeding the permitted tolerance of fuel economy on the conformity test.The MOLIT has been doing conform
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2014.11.29 10:23
From next year on, Korea will rise to be a competition place for local and imported EVs, PHEVs, and other eco-cars.As local governments and organizations are expanding their incentives and subsidies for eco-cars, importers are preparing to release several EVs and PHEVs, and so will compete fiercely
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2014.10.11 06:08
The German luxury brands Mercedes Benz and BMW are having a bout in the Korean market.Entering this year, Mercedes Benz have been pressing the top import brand BMW in sales with introduction of new S class models, and both brands are on a close match in Korea. More recently they are competing in inv
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2014.10.11 06:07
President of BMW Korea, Hyo-Jun Kim, and President of Benz Korea, Britta Seeger will attend the national audit as witnesses for two consecutive years since last year.President of Audi Korea, Johannes Thammer will for the first time stand at the national audit.A member of the Land Infrastructure and
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2014.10.05 06:32
Mercedes-Benz’s new E-class is overwhelming its rivalry BMW 5 series, taking over the best seller of imported cars in Korea.Mercedes-Benz’s new E-class registered 12,228 units, up 45.2% over the same period of last year, running the first in sales of imported cars until August this year.The so-calle
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2014.10.05 06:31
Renault-Samsung is producing Nissan’s new Rogue model at its Busan plant, and will put in the Korean market since 2016.“600 units per month and 7,000 units per year will be manufactured for local sales in the Korean market since 2016,” said a person at the Busan plant.He added that “The Rogue for th
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2014.09.13 16:39
Salespersons of GM Korea’s Chevrolet brands organized a labor union. It is the first time that the contracted salesmen, not salaried employee, unionized in Korea.According to GM Korea and the General Temporary Workers Union (GTWU) under the Federation of Korean Trade Unions, Chevrolet Sales Union wa
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2014.09.13 16:39
American import brands, Cadillac, and Chrysler, are offering an extraordinary discount of retail price, amounting to 10 million won. Thanks to that, their objectives of slimming down inventories may have been achieved, but the brand credibility must have been damaged a great deal due to such abnorma
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2014.09.13 16:39
The rivalry of German luxury brands, Mercedes-Benz and BMW is getting fiercer in Korea.Based on the KAIDA’s report of new registration of imported cars in August, BMW’s 3,216 units outstripped Mercedes-Benz’s 3,067 units.Mercedes-Benz sales in July registered 3,349 units, just 4 units less than BMW’
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2014.08.25 22:58
BMW Yongjongdo Driving Center just opened to the public on August 22, 2014. It is the 3rd one after those in Germany and the U.S., and the first by BMW in Asia.BMW opened the driving center to all the customers who own its brands or any other brands including domestic ones.The center was constructed