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S. Korea's Auto Imports Top US$2 BLN Through November
POSTED: 10:37 a.m. EDT, January 30,2007

Auto imports by South Korea surged in the first 11 months of last year as high-income customers wanted more diverse products, and foreign carmakers launched aggressive marketing, an industry group said Tuesday.

A total of 50,563 foreign vehicles were imported in the January-November period, up 10 per cent from the corresponding period of a year earlier, according to the Korea Automobile Importers and Distributors Association.

That translates into US$2.1 billion worth of cars imported in the first 11 months of the year, up 21 per cent from $1.7 billion a year earlier, the association said.

South Korea imported a total of 21,313 units valued at $1.13 billion from Germany during the cited period, while buying 13,413 units valued at $401 million from Japan.

The country also imported a total of 1,499 units worth $87.3 million from Sweden in the first 11 months of the year, the association said.

From:Asia-Pulse
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