Korean data: Chinese cars surpass Japanese cars in the South Korean market for the first time

Data shows that in April, out of the newly registered imported cars in South Korea, European-made vehicles ranked first with 16,800 units, followed by American-made, Chinese-made, and Japanese-made cars. According to Yonhap News Agency, this is the first time that Chinese-made cars have surpassed Japanese-made ones in South Korea's imported car market. Korean media generally view this ranking as an important signal of a shift in the structure of the country's imported car market. The Korea Economic Daily reported that Chinese car brands are rapidly increasing their presence in the South Korean market.