South Korea’s new car registrations down 1.4 percent in January-October

In October this year, South Korea’s new car registrations decreased by 14.4 percent month on month and by 0.4 percent year on year to 21,249 units, according to the data released by the Korea Automobile Importers and Distributors Association (KAIDA).

Meanwhile, in the January-October period this year, South Korean new car registrations declined by 1.4 percent year on year to 215,980 units.