SEOUL, April 28 (Korea Bizwire) — The South Korean government on Thursday ordered Hyundai Motor Co. and its smaller affiliate Kia Corp. to delay their plans to enter the used car market by one year to minimize the impact of their advance on existing players. In March, the Ministry of SMEs and Startups decided not [...]
SEOUL, April 18 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Monday outlined its used car business plans to expand customers’ choices following the government’s approval despite objection from existing players. Last month, the Ministry of SMEs and Startups decided not to designate secondhand car sales as one of the “livelihood businesses” that [...]
SEOUL, March 7 (Korea Bizwire) — Hyundai Motor Co. on Monday outlined its used car business plans to expand customers’ right of choice, though the government put a halt to the business launch due to objection from existing players. In the past two years, Hyundai has had rounds of talks with government officials, other carmakers [...]