{"id":22096,"date":"2021-06-10T16:08:16","date_gmt":"2021-06-10T14:08:16","guid":{"rendered":"https:\/\/www.korea-certification.com\/en\/?p=7404"},"modified":"2023-08-03T10:15:34","modified_gmt":"2023-08-03T08:15:34","slug":"new-car-sales-in-korea-up-17-percent-year-on-year-in-january","status":"publish","type":"post","link":"https:\/\/www.korea-certification.com\/en\/new-car-sales-in-korea-up-17-percent-year-on-year-in-january\/","title":{"rendered":"New car sales in Korea up 17 percent year-on-year in January"},"content":{"rendered":"<p>New car sales in South Korea rose by double digits in January due to extended tax benefits and new models with environmentally friendly engines. The growth is a source of optimism for the Asian country&#8217;s auto industry, with many manufacturers hoping for an early recovery after the end of the Covid 19 pandemic. According to the Korean Association of Automobile Manufacturers, a total of 116,550 vehicles were sold in South Korea in January, up 16.6 percent from the same month last year and just as the novel coronavirus was becoming a global pandemic. Current sales are mainly composed of eco-friendly vehicles and SUVs.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7453 aligncenter\" src=\"https:\/\/www.korea-certification.com\/wp-content\/uploads\/2021\/06\/stock-image-320759102-s-2015.jpg\" alt=\"\" width=\"500\" height=\"333\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Sales of eco-cars increased by more than 82 percent year-on-year as manufacturers launched several new models. Among them were the new hybrid versions of the Hyundai Grandeur, Hyundai Tucson and Kia Sorento. More than 10 percent of all vehicles sold in January were eco-cars. Sales of hybrid-powered vehicles were up 94 percent while electric cars were down 62 percent. This is attributed to an as yet unapproved Korean government subsidy for electric vehicles. Cars with fuel cells gained 75.3 percent, led by the Hyundai Nexo with 140 vehicles sold. All automakers except Renault Samsung Motors Co. reported dramatic increases in domestic sales.<\/p>\n<p>South Korea&#8217;s largest automaker, Hyundai Motor Co. reported a 25 percent increase in its sales figures. This was largely contributed by their popular SUV models such as Tucson, Santa Fe and Palisade, as well as the Grandeur and Genesis sedans. Kia Corporation recorded a 12 percent increase due to the rising popularity of its Carnival and Sorento models. Improved production conditions following an agreement with the relevant union in December 2020 also contributed to the better sales figures. Exports of new vehicles are also well on the way to recovery. Exports of new cars from Korea rose 29.5 percent in January from a year earlier. Turnover rose 40.2 percent due to increasing demand for high-end vehicles from South Korea.<\/p>\n<p>Are you interested in the Korean automotive market? Before your products can be launched on the market there, they must undergo certification. MPR International GmbH will be pleased to advise you regarding <strong><a href=\"https:\/\/www.korea-certification.com\/en\/kc\/what-is-kc-certification\/\">Korea certification<\/a><\/strong> in the automotive sector. We have already successfully assisted many large automotive suppliers and vehicle manufacturers with locations in Korea with their certification projects and have been supporting these companies for several years. Our experts are pleased to answer your questions regarding a pending Korea certification by phone or e-mail.<\/p>\n<p>If you need assistance or have any questions regarding Korean certifications like <a href=\"https:\/\/www.korea-certification.com\/en\/kc\/what-is-kc-certification\/\"><strong>KC<\/strong><\/a>, <a href=\"https:\/\/www.korea-certification.com\/en\/kc-emc\/kc-emc-certification\/\"><strong>KC EMC<\/strong><\/a>, <a href=\"https:\/\/www.korea-certification.com\/en\/kcs\/kcs-mark\/\"><strong>KCs<\/strong><\/a> or <a href=\"https:\/\/www.korea-certification.com\/en\/kcs-ex-certification-for-explosion-proof-components\/\"><strong>KCs for explosion safety products<\/strong><\/a>, feel free to contact us any time.<\/p>\n<p>Tel.: +49-69-2713769259<br \/>\nEmail: <a href=\"mailto:info@korea-certification.com\"><strong>info@korea-certification.com<\/strong><\/a><\/p>\n<p><strong>Urgent questions?<\/strong><strong><br \/>\n<\/strong>Please do not hesitate to contact us via chat. You will find the chat window at the bottom right of each page (if this is not visible, please check your browser settings).<\/p>\n<p>For more information you can download our free brochure &#8220;<a href=\"https:\/\/www.korea-certification.com\/en\/korea-certification-booklet\/\"><strong>Korea Certification Made Easy &#8211; The Booklet<\/strong><\/a>&#8220;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New car sales in South Korea rose by double digits in January due to extended tax benefits and new models with environmentally friendly engines. The growth is a source of optimism for the Asian country&#8217;s auto industry, with many manufacturers hoping for an early recovery after the end of the Covid 19 pandemic. According to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[106],"tags":[],"class_list":["post-22096","post","type-post","status-publish","format-standard","hentry","category-further-topics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New car sales in Korea up 17 percent year-on-year in January<\/title>\n<meta name=\"description\" content=\"Contributing factors to the increased sales included further extended tax incentives and new models. Read more in the article.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.korea-certification.com\/en\/new-car-sales-in-korea-up-17-percent-year-on-year-in-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New car sales in Korea up 17 percent year-on-year in January\" \/>\n<meta property=\"og:description\" content=\"Contributing factors to the increased sales included further extended tax incentives and new models. 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