U-Market in koreaThe Korean used car market is highly active and competitive, with diverse years, models.
With the growing used car export market, over 20% of domestic market sales are made through export buyers.
The used car buying market in Korea is rapidly shifting from being newcar dealer-centered to platform-centered
Therefore, the volume of transactions through platforms will gradually and continuously increase.

Buying market
  • Auction[20%](Hyundai Glovis, Lotte, AutoHub, Kcar)
  • Plaform[40%](encar, heyDealer, carmodoo etc)
  • Lease Or Lent Off[10%](Capital or RentCar Company)
  • newcar dealership[30%](Used cars from new car trade-in)

    • Key Buyer & Seller
    Type
    Auction
    Platform
    Rent Corp
    Capital
    New Car Dealership
    Seller
    Rent Corp
    New Dealer
    Public
    Capital
    Rentcar
    Public
    Buyer
    Used Dealer
    Exporter
    Used Dealer
    Public
    Used Dealer
    Used Dealer