The Chevrolet Corvette, goes on sale for the first time on Friday 4 May in the heretofore government restricted auto market in South Korea. The Corvette Coupe is priced at KRW 86.4 million ($76,399) and a special leather interior package is available at KRW 3 million ($2,653) – a 50% premium over the U.S. price of $50,575. Corvette coupe models are powered by the 430-horsepower (321 kW) LS3 V8.
“The Corvette is an exceptional product that no other Korean manufacturer can match,” said GM Korea President and CEO Sergio Rocha. “As the most exciting Chevrolet product, the Corvette Coupe will raise the bar for the brand and its products, and broaden our base of Chevrolet customers in Korea .”
Korea is the fifth largest producer and fourth largest exporter of motor vehicles in the world, and up until the controversial Free Trade Agreement of last year , its car market had been closed to outsiders, even as U.S. taxpayers prop up its economy with massive amounts of defense spending more than 50 years after the Korean war or so called “police action” ended.