Tag - 000

Foreign car sales in South Korea to top 250,000

Sales of foreign cars in South Korea are expected to surpass 250,000 in 2016 on the back of a strong demand for luxury brands, a local industry group said on Wednesday. This would maintain an almost double-digit growth, Xinhua quoted Korea Automobile Importers and Distributors Association as saying. The KAIDA held a press conference in Seoul to mark the 20th anniversary of its establishment, forecasting this year’s foreign auto sales would reach 235,000. For the first 10 months of this year, 196,543 [...]


Korea far from per capita GDP goal of $30,000

With the year 2015 drawing to an end, Korea finds itself still distanced from achieving the long-awaited goal of $30,000 per capita gross domestic product. In fact, the country is seen to remain farther from the landmark figure this year than last year. All major economic organizations and research institutes at home and abroad forecast that Korea’s per capita GDP in 2015 will drop below the 2014 level, marking the first decrease since 2009 when the nation was struggling to [...]