S.Korea '02 domestic auto sales seen up 10.2 pct y/y

Newswire

SEOUL, June 27 (Reuters) - South Korea's domestic automobile sales are projected to outpace exports for the first time in five years, the Korea Automobile Manufacturers Association (KAMA) said on Thursday. The nation's largest automaker Hyundai Motor Co reported record domestic sales in the first quarter, while sales at affiliate Kia Motors Corp rose almost ten percent over the same period, due largely to tax breaks on auto sales implemented by the government last year to boost ...

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