Market share of imported cars in Korea shows dramatic increase

Imported car sales in Korea have shown a six-fold increase for the last decade, and the market share has grown from 3% in 2004 to 12% in 2013. It’s expected to be over 15% this year. 

Accordingly, the demand for parts, accessories, and maintenance is rapidly increasing in the Korean automotive market.

Opening doors to the tuning market

Tuning market in Korea is expected to grow significantly, due to recent relaxation of tuning regulation by the Korean government. The potential market scale is expected to be 4 billion US dollars.

Dependence on imported products to increase