Cars sales

The number of automobile recalls in South Korea shrank 27.2 percent in 2014 from a year earlier, a car safety agency said Tuesday, on the back of a decline for local carmakers.
A total of 755,501 vehicles registered here were recalled for safety reasons last year, down from 1.04 million units in 2013, according to the data compiled by the Korea Transportation Safety Authority. The number of models affected, however, jumped 80.5 percent on-year to 352 from the previous 195.