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Non-Korean auto brands grow in popularity in 2023
Collected
2024.01.29
Distributed
2024.01.30
Source
Go Direct
[Photo by Yonhap]

[Photo by Yonhap]

South Korea’s auto market saw international car brands rapidly grow in popularity in 2023, with a 7 percent increase year on year in sales.

The Maeil Business Newspaper, which tracked sales records on 28 foreign auto brands that year, found that 287,495 units with a value of 27.1 trillion won ($20.1 billion) were sold. Although the number of units sold was down 0.9 percent, the value increased 7.4 percent and the number of units sold increased 1.8 times in a decade.

By Moon Gwang-min and Han Yubin

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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