SOUTH KOREA: Imports forecast to rise sharply by 2005
The Korea Institute for Industrial Economics & Trade (KIET) is forecasting that annual auto passenger car imports to South Korea will reach 51,000 units by 2005 - which compares with around 10,000 units per annum currently. The projected import level will account for a share of the car market of around 3% (assuming a market total of 1.71 million units).
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