People are comfortable buying and selling cars
An unknown Korean source of information, both internally and externally, Vu Nam Phuong (member of Vietnam-Korea Friendship Association) said he was shocked to arrive in this country for the first time in 2013.
In the capital of Pyongyang, the street is wide and airy, but there are several traffic events. Old cars are very cheap, especially Japanese and Volvo and Japanese cars, which were brought back by Kieu Dynasty many years ago. Since the beginning of Korea, people have been able to buy comfortable cars and purchases, without any money.
Road Clamp, Pyongyang, Korea, lined up. (Clip: Vu Nam Phuong)
For a long time, Korea separates civilian cars from whitening plates, but from the year 2016 to China, the blue sea has changed. The Red Sea is a military vehicle and the yellow sea is a state vehicle.
Today, the Sungri automobile, Pyeonghwa, Seongyang, Neanara and Trang Tien automobiles market is also present in the Chinese businessmen, along with BYD or FAW auto manufacturers.
Cars are not included in the list of requirements, so they can be imported from any country, but the Korean Bank forbidden by international payments is the biggest obstacle to entry.
The import tax applicable to cars is 20%. Korea is not a Mercedes-Benz or Audi sports car, German luxury cars are very popular in this country. Most are imported through Chinese roads, many European cars have Chinese characters because they are sold on the continent.
Korea is not taxing consumers, so there is no dirty tax. When buying a new car, buying cheap cars (separated from the Korean price) is only 1 million copies of KPW (Korean winnings (around 21 million VND), other wheelchair vehicles are around 10-20% of the value of the vehicle, road and bridge construction, insurance, registration number plates.
Mrs. Vu Nam Phuong does not buy cars directly, because foreigners do not have the price (out of 10,000 dollars out of $ 10,000), but they're used to buying used cars from their Korean counterparts. The procedure is very simple, handwriting is written and then goes to the Board. Approved Committee of the Kidnapped People.
Korean law now allows private cars to be owned, except for home-made scattered showrooms in major cities, as well as Chinese traders. Korean taxi companies use Chinese cars, and it's not strange.
The cars are cheap … but they are missing
Prior to that, Pyeonghwa sold its shares to produce cars in Sangyang (Korea), but everything in 2012 stopped. For this reason, the production of Korean automobile production, although the factories have been designed with thousands of vehicles each year, are only hundreds of vehicles (according to non-official reports).
Theoretically, 1 million KPW equivalent to 120 USD (the convertible value of people, 1 USD = 8,300 KPW) is able to buy a bright auto home. Privately, nobody is able to easily buy.
Mrs. Vu Nam Phuong believes that non-civil servants, who work in private companies, have an average income of $ 74 / month, with a minimum of 150 euros for foreign companies, to buy the car. But these people do not have government subentions, the cost of living will be greater. In addition, due to sanctions and difficulties due to fuel supply, oil is limited.
Each civilian car can buy a 15 kg fuel per month (about 21 liters), handle it in the transport and transport by road for 12 months. In this way, they are also cars, the journey is not easy due to strict management policies.
Korean buyers are easily accessed by foreign diplomatic missions or organizations, depending on the number of purchases.
Meanwhile, public transport is very useful and cheap. Ms Phuong said that a one-year public ride ticket is equivalent to 1 liter of gasoline. So people will have little to buy cars.
Everything has changed. North Korea earlier this year has allowed foreign oil trading and has boosted this opportunity by some companies in China. It can be a boost for the Korean car market.
continue Dinh Quy