Kia Motors has cut the prices of its 2013 K5 hybrid sedans by up to W450,000 (US$1=W1,064), the company said on Monday.

/Courtesy of Kia Motors

When released in 2011, they cost from W29.65 million to W32.35 million, but the prices have now been lowered to between W28.65 million and 31.90 million.

Among the four classes available, the most expensive model, the Noblesse, will now retail for W31.90 million.