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The Korea Automobile Importers & Distributors Association reported that 71,899 luxury vehicles priced over 100 million won were sold last year, up 10.3 percent on-year, with Mercedes-Benz Korea selling the most with 31,576 units.
BMW Korea had the second-highest sales with 22,372 similarly-priced units, up by 20.1 percent.
Corporations bought 47,399 luxury cars, while individuals purchased 24,500 of the units.
According to Lee Hang-gu, a Korea Automotive Technology Institute researcher, the overall increase in car prices has resulted in more cars exceeding the 100 million won threshold.
