Tag: Used car market

Used car market

Latest News

Hyundai Motor Certified Used-Car Refurbishment Center in Yangsan, South Gyeongsang [YONHAP]

Gov't to lift restrictions on big corporations' used-car market shares

The government will lift restrictions on the used-car market share of large corporations starting next month, opening the door to a major realignment in the industry.

2025.4.27

Kia announced on Monday it will enter Korea's used car market. [KIA]

Kia plans to take on the used car market

Kia will enter Korea’s used car market, the company announced Monday, after regulations that limited the industry to only small businesses was lifted early this year.

2022.4.18

Big carmakers want to sell you a used car

Korean automakers said Thursday they will enter the used car market next year, after taking a wait-and-see approach in the three years since a regulation prohibiting them from dealing in secondhand rides expired.

2021.12.23