In July this year, South Korea’s new car registrations decreased by 6.9 percent month on month to 24,389 units and were up 23.3 percent year on year, according to the data released by the Korea Automobile Importers and Distributors Association (KAIDA).
Meanwhile, in January-July period this year, South Korean new car registrations rose by 16.3 percent year on year to 172,146 units.