Toyota enters Hyundai’s home turf, wants to sell 500 cars a month

Toyota is worldwide success from its hometown in Japan, all the way to the U.S. But there is one market right next door where Toyota has been missing for quite some time now; South Korea. As of March 20, Toyota has entered Hyundai’s home turf and plans to launch with the Prius, RAV4, Camry and Camry Hybrid.

Doors opened to Japanese exports in 1999 and Toyota now follows Honda and Nissan into the Korean market. As of right now, Toyota’s goals are...
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NItePhire - 4/1/2008 5:02:20 PM

+2 Boost

I wonder how many Hyundai's are sold in Japan and if Japan slaps them with big tariff's.

soopakrn - 4/1/2008 6:37:52 PM

+3 Boost

Knowing how the Korean government works, I'm sure there will be an insanely high tariff added to the cost of the cars. Korea isn't exactly consumer goods friendly when it comes to Japanese goods.

I'm Korean by the way.

abcd - 4/2/2008 6:25:54 AM

0 Boost

this high tariff on imported products by korean government was accept internatinally to help korean economy rise .