Service Industry Machinery

Imported car sales in Korea sink 18.5% in Jan.

Sales of imported cars in Korea dropped more than 18 percent in January from a year earlier due to seasonal factors and the end of tax incentives, industry data showed Thursday. According to the data compiled by the Korea Automobile Importers and Distributors Association, a total of 16,234 foreign vehicles were newly registered here last month, down 18.5 percent from a year earlier. The January figure also marks a 33.4 percent drop from the previous month, when monthly sales hit a [...]