Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Stuck in a creativity slump at work? Here are some surprising ways to get your spark back 
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
6 simple questions to tell if a ‘finfluencer’ is more flash than cash 
How to support someone who is grieving: five research-backed strategies 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Why have so few atrocities ever been recognised as genocide? 
German automakers lead South Korea's import EV market, selling 15,084 units—a stark rise from 9,744 in 2020. Data from KAIDA unveils impressive growth despite a decline in imported gasoline and diesel vehicle sales. Brands like Mercedes-Benz, BMW, and Porsche reported notable sales spikes, challenging Tesla's dominance.
Import vehicle registration data from the Korea Association of Imported Automobile Manufacturers (KAIDA) reveal a remarkable 54.8 percent increase compared to last year. In contrast, sales of imported internal combustion engines experienced a noticeable decline during this timeframe.
Gasoline-powered vehicle sales dropped 5.6 percent, from 89,773 to 85,810 units. Meanwhile, diesel vehicle sales dipped by 30.3 percent, falling from 22,787 to 15,873 units.
Mercedes-Benz, BMW, Porsche, Volkswagen, and Chevrolet all witnessed an increase in EV sales in South Korea when comparing this year's January to August period to the same timeframe in the previous year. Mercedes-Benz, BMW, and Porsche notably exhibited the most significant EV sales growth.
The success of Mercedes-Benz in the Korean EV market can be attributed to its aggressive promotion of the EQ series of electric vehicles. The brand recorded cumulative EV sales of 5,545 units from January to August of this year, representing a remarkable 185.7 percent increase from the same period in 2020.
Impressively, Mercedes-Benz outpaced Tesla, the renowned electric vehicle manufacturer, by nearly 1,000 units. Tesla reported sales of 4,546 vehicles.
In parallel, BMW performed exceptionally well, selling 4,337 electric vehicles in South Korea during the same timeframe. This marked an impressive 92 percent increase compared to last year's figures. It's important to note that this figure excludes sales of BMW's subsidiary, MINI.
More than half of the imported cars sold in South Korea are either Mercedes-Benz or BMW vehicles. These two major domestic import car industry players fiercely compete in the Korean EV market, greatly contributing to the overall sales of imported EVs.
Photo: Jonas Morgner/Unsplash
