South Korea's imported car sales up 31.2%

Imported car sales in South Korea jumped 31.2 percent on-year in February but fell compared with the month before, a report by a local trade association said Thursday. A total of 13,852 new foreign-made cars were sold in the one-month period, compared with 10,556 units a year earlier, the Korea Automobile Importers and Distributors Association (KAIDA) said. The on-year gain comes after annual foreign car sales hit a record high of 156,497 units in 2013. The latest tally, however, showed that compared with January this year when 14,849 foreign cars were sold in the country, numbers fell 6.7 percent