Lexus sales in Korea plunged nearly 40 percent in June on year, while parent company Toyota navigates the fallout from admitting to manipulated safety tests.
Japanese automakers, including Toyota and Honda, are gaining ground in the U.S. EV market, while Hyundai and Kia face declining sales.
Toyota introduced a new Prius model to the Korean market that offers both hybrid and plug-in hybrid options. It boosts a sportier design and improved fuel efficiency.
A revival in sales for Japanese brands, including in the automobile and beer sectors, as well as a significant increase in the demand for travel to Japan are observed in Korea sparked by positive diplomatic developments between the two countries.
Lexus, a pioneer in the hybrid segment, is now ready to march into Korea’s electric vehicle (EV) market with its first dedicated pure EV.
Toyota's longest-running passenger car Crown is back in Korea after a 51-year hiatus, this time as a crossover with a hybrid engine.
Toyota Motor will introduce eight new electric models in Korea this year, aiming to make a big comeback after a lingering slump.
Hyundai Motor, BMW, Volvo and three other companies will voluntarily recall more than 90,000 vehicles to fix faulty components, the transport ministry said Wednesday.
Korea's used vehicle exports to Russia skyrocketed by 1,163 percent last year as new car releases are banned amid the ongoing war in Ukraine.
Combined sales by Hyundai Motor and Kia ranked third place worldwide during the first half of this year, after Toyota and Volkswagen Group.
Korea JoongAng Daily Sitemap