auto auction Archives | Be Korea-savvy

Hyundai Glovis Buys U.S. Auto Auction Dealer in Overseas Push

SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Tuesday it has acquired a U.S. auto auction dealer as it pushes to make inroads into overseas secondhand car markets. Hyundai Glovis said it has taken over a 100 percent stake in Greater Erie Auto Auction (GEAA), a [...]

Korea Eases Regulations over Online Auto Auctions

SEJONG, June 20 (Korea Bizwire) – It will soon be legal to operate online an auto auction business without having to provide a designated auction house or parking lot. The Ministry of Land, Infrastructure and Transport announced an upcoming legislative revision in which the current Automobile Management Act was amended to make online automobile sales [...]