Auto sales to shrink in South Korea next year, but foreign brands keep advancing: report
Dec 15, 2015
Car sales in South Korea are expected to contract for the first time in three years in 2016 with foreign brands likely to keep expanding their market share, a report by Hyundai Motor Group's think tank showed Tuesday. Carmakers -- foreign and local brands -- are expected to sell about 1.76 million units in South Korea next year, down 1.3 percent from this year's estimated 1.78 million units, according to the report obtained by the English division of Yonhap News Agency. The report was compiled