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February 08, 2021 13:13
More than 40,000 high-end imported cars priced at more than W100 million were sold here last year (US$1=W1,123). The figure provides a stark illustration of how the coronavirus lockdown has increased the wealth gap in Korea.
According to the Korea Automobile Importers and Distributors Association on Sunday, 43,158 imported cars priced at more than W100 million were sold last year, up a whopping 48 percent on-year and a record high.
Overall, sales of imported cars increased only 12 percent to 274,859.
The market share of luxury cars also hit an all-time high at 15.7 percent. Mercedes-Benz led the market with 17,021 cars, followed by and BMW s 12,924, Porsche s 5,533 and Audi s 2,459.