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Hyundai Is Dented in Korea
Keywords:
Tags: Automobiles, South Korea,
The cutting of import tariffs for cars to 4% for S. Korea under free trade agreements is leading to a rise in share for imports. Imports reached 10% market share in 2012. Hyundai and Kia lost 2.3% market share in 2012. About half of imports are diesel cars from Germany, with 64% of imports from Germany.
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Imported cars reached 10% market share in S. Korea in 2012. Hyundai's market share declined by 2%,
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