President of the 17th Korea Import Car Association Appoints Till Share as CEO of Volkswagen Korea

*This content was translated by AI.

The Korea Automobile Importers and Distributors Association (KAIDA) held a regular general meeting at the Westin Chosun Hotel in Seoul on the 26th and appointed Till Cher, CEO of Volkswagen Group Korea, as the 17th chairman. Chairman Till Shea will serve his third term in office after the 15th and 16th and will lead the association for the next two years. Chairman Till Shea is an expert in automobiles covering the Asian and European markets and was evaluated for establishing the association's strategic direction and contributing to the promotion of the rights and interests of the imported car industry and the development of the Korean automobile industry during his last term.

The association has also completed the composition of its board of directors with the re-election of Chairman Till Shea. Mercedes-Benz Korea CEO Mathias Vaitl, Stellantis Korea CEO Bangsil, Toyota Motor Korea CEO Manabu Konyama, and BMW Group Korea CEO Han Sang-yoon confirmed their reappointment as board members. The new board members plan to work with Chairman Till Shea to respond to the changing automotive market environment and drive sustainable growth in the industry.

Chairman Till Shea said in his inaugural speech that he feels responsible to take over as chairman again at an important time when the Korea Automobile Importers and Distributors Association is celebrating its 30th anniversary. He stressed that the association is focusing on contributing to the overall Korean automobile industry, including the transition of eco-friendly cars, job creation, and domestic parts industry development, and will continue to strengthen consumer satisfaction based on technological innovation and diversity. It also indicated that it will build a positive image of the imported car market through close communication and cooperation with member companies and expand the role of the association within the industrial ecosystem.

Meanwhile, the Korea Automobile Importers Association has opened the era of 300,000 new imported cars annually to mark its 30th anniversary in 2025, and is leading the market restructuring centered on eco-friendly cars, with the proportion of electric and hybrid vehicles reaching 29.7% and 56.7%, respectively. The association plans to strengthen the expertise of the import car market in the future, continue to play a bridge role with domestic and foreign auto industry officials, and support the growth of the Korean auto market.

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*This content was translated by AI.