In July this year, South Korea’s new car registrations dropped by 5.6 percent month on month and by 12.2 percent year on year to 21,423 units, according to the data released by the Korea Automobile Importers and Distributors Association (KAIDA).
Meanwhile, in the January-July period this year, South Korean new car registrations fell by 11.4 percent year on year to 152,432 units.