South Korean brands are focusing on new sport utility vehicles (SUVs) and electric vehicles to cater to changing consumer preferences. Hyundai’s Ioniq 5 EV and Kia’s Sportage SUV saw strong demand last year. Automakers are also enhancing competitiveness through quality improvements....
South Korean Cards Credit cards have been a common payment method in South Korea since the 1960s, and remain the preferred payment methodtoday, accounting for more than 50% of the online e-commerce payment volume.In a country where 95% of the population holds bank accounts and a credit card...
In a market where the top two brands, Hyundai and Kia, control together around 69.2% of the market share, the top 10 best-selling models ranking is almost entirely held by the two Koreans. Looking at cumulative from 2024, theKia Sorento-up 2 spots- became the new best selling car, wit...
For example, South Korean car brands are perceived less favorably than their competitors from Europe and Japan. However, consumers have a positive image of South Korea as a producer of innovative and high-quality smart phones and electronic goods due to industry leaders such as Samsung and LG (...
Compared to Korean cars, Chinese overseas brands, represented by new energy vehicles, are still in the early stages of globalization.Besides Korean cars, some international car companies operating in Korea have earlier provided experience in global operations. ...
Young South Koreans Less Enthusiastic About Car Ownership, Survey Finds Younger adults are showing less enthusiasm for purchasing vehicles compared to their older counterparts. (Image courtesy of Yonhap) SEOUL, Aug. 2 (Korea Bizwire)–A recent survey reveals a generational divide in attitudes ...
Top 5 fleet brands (fleet market) The Korean car manufacturers Hyundai-Kia represents 70% of the market share. 1. Hyundai 2. Kia 3. Renault 4. GM KoreaChapter 4: Taxation & legislation 4.1 Car Taxation Vehicles are submitted to various taxations : Individual Consumption Tax, Education Tax...
The main goods Lebanon imports from South Korea are automobiles and motor vehicles, car parts, electronics, plastics and others. Although the market share of the South Korean products is not that significant for the Koreans, a lot of opportunities are recognized for the future. South Korean ...
●Jeju car rental- This large island off the southern tip of the Korean peninsula is by far the most popular getaway destination for domestic travellers, and plenty of foreign visitors find themselves drawn here too. Stunning beaches, excellent hiking opportunities, and idyllic rural scenes make ...
Hyundai Sonata * See the Top 200 All-models and Top 30 All-brands by clicking on the title * Sales of new local cars are up a robust 6% year-on-year in South Korea to 1,453,786 registrations, whereas imports surge by an astounding 25% to 196,359 units,