In May this year, South Korea’s new car registrations increased by 12.3 percent month on month and by 13.4 percent year on year to 24,209 units, according to the data released by the Korea Automobile Importers and Distributors Association (KAIDA).
Meanwhile, in the January-May period this year, South Korean new car registrations declined by 3.4 percent year on year to 100,352 units.
