Industry
Tax cut helps car sales recover
Dec. 3, 2012
Korea’s five major automakers including Hyundai Motor sold 778,187 vehicles at home and abroad last month, posting a 8.9 percent on-year increase despite the global economic slowdown.Hyundai Motor said Monday that its vehicle sales at home and abroad logged 420,365 units in November, up 11.9 percent from a year earlier.The largest carmaker in Korea sold 61,608 units in the local market and 358,757 units in the overseas market, reporting 12.6 percent and 11.8 percent on-year growth, respectively.