In March this year, South Korea’s new car registrations increased by 22.5 percent month on month to 27,297 units and were up 34.4 percent year on year, according to the data released by the Korea Automobile Importers and Distributors Association (KAIDA).
Meanwhile, in January-March period this year, South Korean new car registrations rose by 31.5 percent year on year to 71,908 units.