Volvo Automobiles Korea held a ceremony to release its brand-new vehicle at the Hilton Hotel Seoul on April 27, and displayed its new compact sedan, the New S40. Equipped with a 220-horsepower, 5-cylinder engine, or a 170-horsepower engine, Volvos suggested prices for each model are 51.5 million and 43.5 million won. The New S40 possesses a sensuous design aimed at the people in their twenties and thirties, and is equipped with spectacular drive performance, explained Volvo.