#Ssangyong Unit

[kstarvibes]

BTS V Embarks on Military Service with the Prestigious Ssangyong Unit

In a significant moment for both BTS and their global fanbase, V, a cherished member of the world-renowned K-pop group, has commenced his military service, joining the esteemed Ssangyong Unit of the 2nd Army Corps in Chuncheon, Gangwon Province. This marks a pivotal chapter in V’s life, blending his celebrity status with the responsibilities of national service in South Korea. V’s Military…

[taekooktimeline]

April 17, 2024 -

K-media reports that Taehyung has filmed a promotional video for the 2nd corps training.

More info, verbatim from Naver_Taehyung on Twitter -

[EXCLUSIVE] Appearance of BTS V wearing SDT military combat uniform in a video… Every fired shot hits the mark. ‘Gallant’

V of the group BTS, who is currently serving in the Ssangyong Unit of the 2nd Corps of the Army, showed off the majesty of a dignified soldier in a video.

As a result of News 1 coverage on the 17th, V appeared in a video recently posted on a YouTube channel wearing a military police combat uniform and with people who appeared to be fellow unit members.

In this video, V shows himself undergoing urban combat shooting training. V especially captured the public's attention by showing off his strong eyes while wearing an outfit with a 'military police' patch. In addition, V was admirable as he skillfully handled a firearm and hit the target every time he fired.

Meanwhile, V applied for and was accepted into the Special Task Force (SDT) of the Army Capital Defense Command last year, and in February of this year, he was assigned to the Ssangyong Unit of the 2nd Army Corps in Chuncheon, Gangwon-do and has continued his military service. He is serving as a special member of the Military Police Corps under the direct command of the headquarters.

https://x.com/naver_taehyung/status/1780495560920776968?s=46&t=StSwHjW0_Domk_lHUFMaCg

Article - https://n.news.naver.com/entertain/article/421/0007487443

[sufferfly1]

 Permanent Magnets Market : A Deep Dive into the Industry's Key Applications and Technologies

Report Overview

Polaris Market Research announces the release of a new report Permanent Magnets Market by Share, Size, Trends, Future Growth, and Demand Analysis 2042. The research report conducts an in-depth market study to provide a comprehensive analysis of the current state and future potential of the Permanent Magnets Market. It covers several aspects, including industry size, key players, growth drivers, key opportunities, and challenges. Besides, market segmentation, competitive landscape, and regional analysis are detailed in the report.

The research study aims to assist stakeholders, investors, and businesses in making more informed decisions and formulating effective strategies to stay ahead of the curve. In addition, the impact of technological advancements, changing consumer preferences, and rising demand for innovative services on the market is covered. The report is a must-read for anyone currently involved or interested in the industry.

Request Our Free Sample Report for Permanent Magnets Market Insights and Emerging Trends @https://www.polarismarketresearch.com/industry-analysis/permanent-magnets-market/request-for-sample

According to the research report, the global permanent magnets market was valued at USD 19.73 billion in 2023 and is expected to reach USD 40.67 billion by 2032, to grow at a CAGR of 8.40% during the forecast period

Competitive Landscape

The research study analyzes the current competitive environment of the market by providing information regarding Report Keyword key players. The competitive landscape section covers several aspects of industry players, including their sales volume, market share, price, and gross margin. Additionally, important information about strategic developments such as mergers, acquisitions, and collaborations is provided in the report.

Major Key Players

Adams Magnetic Products

Arnold Magnetic

Daido Steel

Eclipse Magnetics

Electron Energy

Goudsmit Magnetics

Hangzhou Permanent Magnet

Magnequench International

Ningbo Yunsheng

Ninggang Permanent Magnetic Materials

Pacific Metals

Shin-Etsu Chemical

SsangYong Materials

TDK Corporation

Thomas & Skinner

Ugimag Korea

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Growth Drivers

Key trends: The report identifies and analyzes the key trends and drivers that are shaping the growth trajectory of the Permanent Magnets Market.

Technological advancements: Advances in technology and their overall impact on the industry have been covered in the report.

Regulatory landscape: The research study provides an in-depth examination of the regulatory environment to help stakeholders seize opportunities and mitigate potential challenges.

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Segmental Analysis

The Permanent Magnets Market segmentation is primarily based on type, application, end use, and region. A comprehensive analysis of each of these segments is detailed in the report. Besides, the study sheds light on all the major sub-segments in the market. That way, stakeholders can better understand the needs of their customers and align their business strategies accordingly.

Regional Overview

The study offers additional insight into the regional market distribution, covering industry trends, revenue sources, and potential opportunities. Also, it offers predictions for revenue growth at regional, national, and global levels. Other important factors like pricing, production capacity, supply and demand ratios, and projected Permanent Magnets Market sales are detailed in the report.

The Geographical Analysis Covers Following Key Regions:

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and the rest of South America)

The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

Key Highlights of the Report

A descriptive analysis of the demand-supply gap and forecast in the global market.

Bottom-up and top-down approaches for regional analysis.

Covers a SWOT analysis of key players and the overall Permanent Magnets Market.

Includes both primary and secondary research methods to provide a thorough market understanding.

Porter’s Five Forces model provides an in-depth examination of industry vendors, substitutes, and competition among industry players.

Provides a detailed picture of the market by including value chain analysis.

The Report Answers Questions Such As

What is the current size and projected value for the market?

What are the key factors driving the Permanent Magnets Market demand?

Which is the leading segment in the industry?

What are the potential attractive investment opportunities in the market?

At what CAGR is the market projected to grow over the forecast period?

Where will strategic developments take the Permanent Magnets Market in the short to long term?

Browse Additional Details on: https://www.polarismarketresearch.com/industry-analysis/permanent-magnets-market

About Us

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

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Polaris Market Research

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[eobdtooluk-blog]

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[howwelldoyouknowyourmoon]

Business engine of a global faith (2010)

[The faces inside KOREA'S CONGLOMERATES]

▲ Yongpyong Resort in Pyongchang, Gangwon is one of Tongil Group's key sources of revenue. The Winter Olympics were held at the venue. Provided by the group.

Once near dissolution, Tongil Group has been resurrected to the cusp of profitability by new CEO Moon Kook-jin.

[Moon Kook-jin was fired in about 2013 by Hak Ja Han.]

JoongAng Daily April 12, 2010

Tongil, or unification in Korean, means different things to different people.

Some associate it with the reunification of the peninsula, while others might think of Tongilgyo, the Unification Church, a powerful religious sect whose believers number at least three million worldwide. While even most Americans have probably heard of the Unification Church founded by Reverend Moon Sun-myung, chances are not many know Tongil Group, the Unification Church's business empire in Korea whose ventures stretch from manufacturing to tourism and newspaper publishing.

For instance, Yongpyong Resort in Pyeong-chang County, Gangwon, frequented by many Koreans especially during the skiing season, is one of the group's key businesses.

Tongil Group was founded by Reverend Moon on Oct. 4, 1963, nine years after he proclaimed himself the messiah and officially established the Unification Church in Seoul. The group started as a nonprofit whose gains were all to be pumped into the religious and educational activities of the church, and its core business back then was manufacturing, under affiliates that included Tongil Heavy Industries, Hankook Titanium and Ilsung Construction, among others.

In coming years, Tongil Group expanded into drugs, tourism and publishing. In 1971, it established Ilhwa, which makes pharmaceuticals, ginseng tea and the famous barley drink called McCol. In 1985, Tongil established Seil Travel, and in 1988, the top 10 daily newspaper Segye Times (Segye Ilbo) launched. The group also strengthened its presence in manufacturing, setting up Ilshin Stone in 1971 and Tongil Industries Company, or TIC, in 1988.

Tongil Group was hit hard by the financial crisis that engulfed Asia in the late 1990s. In 1998, five of the group's affiliates – including Tongil Heavy Industries, which was its flagship affiliate at the time – went into receivership. Poor management led to deterioration in the following years, so much so that in 2004, the group was saddled with some 40.9 billion won ($36.6 million) in debt. Group officials today look back on that sober time and say the group came very close to dissolution.

"Tongil Group was founded to support the activities of the Unification Church, but in those years it was the other way around – business was so bad that Unification Church ended up supporting the work of Tongil Group," said Ryu In-yong, a Tongil public relations manager.

But a few key investments put an end to those dark days.

In 2000, Tongil established Sunwon Construction, and in 2003, it acquired Yongpyong Resort from Ssangyong Cement with the cash raised from selling the land under the Segye Times building in Yongsan, downtown Seoul. Yongpyong Resort is now one of the group's biggest sources of revenue.

But the real "resurrection" of Tongil Group came in January 2005 when Moon Kook-jin, the fourth son of Reverend Moon, was inaugurated as the new chairman. Like Reverend Moon's other sons, Kook-jin was educated in the United States, with a bachelor's degree in economics from Harvard University and an MBA from the University of Miami. A hobby target shooter, he founded the U.S. arms manufacturer Kahr Arms in 1993. Today, the 40-year-old Moon has been trying to turn the debt-ridden Tongil Group into a viable conglomerate.

Coming into the post, Chairman Moon gave a frank assessment. "Survival itself will be the biggest challenge," he said, but Tongil "will never fail." As he predicted, in three years the company was able to rebound.

Its operating income improved from a loss of 40 billion won in 2006 to one of 6.2 billion won last year. Its percentage of debt to assets was also drastically reduced – from 767 percent in 2004 to 194 percent last year.

Tongil Group believes that the turnaround was possible because Moon put results, rationality and transparency above anything else, streamlining its businesses. He sold off losing companies, reducing the number of affiliates from 34 to 15.

The group's total assets stood at 1.75 trillion won last year, up 33 percent from 2004. The group is still mostly private, with Ilshin the only publicly traded affiliate. That company reported last month that although sales and operating profit had decreased, by 11 and 33 percent, respectively, it posted a record net profit of 1.9 billion won last year, up 228 percent from 2008.

Moon's streamlining efforts also shifted Tongil's key business from manufacturing to tourism and leisure, moving 70 percent of its assets into resorts and leaving just 18 percent in manufacturing and 6 percent in construction.

"I believe the resort business is something that can bring synergy with our religious activities," Moon said. "We use resorts for religion-related meetings, conferences and educational programs. Also, leisure activities at resorts can be enjoyed by anyone regardless of their religion or race.

The group's biggest current task, according to Tongil Group officials, is a project to build a world-class marine tourism and leisure complex in Yeosu, South Jeolla, to include golf courses, football fields, hotels and condominiums, by 2015. Worth some 1 trillion won, the project is spearheaded by Ilsang Ocean Development, a Tongil affiliate. The southern port city is set to host the Yeosu Expo in 2012.

Taking a closer look at Tongil affiliates and their CEOs, Ilhwa is led by Lee Sung-kyoon, who joined the company in 1978 and worked his way up through departments such as planning, pharmaceuticals and food.

At the helm of the Segye Times is Yoon Jeong-ro, who served as the vice president and secretary general of the Peace Unification Family Party, a political entity set up by the church that has been defunct since 2008.

Yongpyong Resort and Ilsang Ocean Development are both led by Jeong Chang-joo, who joined the Segye Times in 1998 as a planning office director.

Song Sang-yoon, a veteran of the industry, is CEO of Sunwon Construction, and Park In-sub, a Cornell graduate and son-in-law of Reverend Moon, operates Seil Travel.

Other units include stone materials supplier Ilshin Stone, metal-related products and technology manufacturer JC and auto-parts maker TIC.

Chairman Moon, in a recent interview with Forbes, said he has high hopes for TIC, and that he is proud the company produces axles for armored vehicles. TIC was established by merging several subsidiaries of Tongil Heavy Industries, which previously supplied hardware for the Korean armed forces.

Other units include building management company Seilo, helicopter operator Tongil Air Systems and agricultural company Pyongnong.

Through these entities, Tongil Group finances about 20 religious and educational institutions, including the Sun Moon University, Sunhwa Arts High School, music group the Little Angels and others.

But Tongil Group is not the only fiefdom in the Unification Church's business empire. It's not to be confused with Unification Church International, which is run by Kook-jin's older brother Hyun-jin and whose major businesses include The Washington Times and True World Foods in the U.S. as well as Marriott hotels and the Central City complex [now sold] in Korea.

The CEOs and their styles differ, but on the surface Tongil Group and UCI share the same goal – to support the Unification Church, with another brother, Hyung-jin – the youngest of Reverend Moon's 14 children – leading the congregation since he was appointed president of the church by his father in 2008.

By Kim Hyung-eun

________________________________

Moon owned shares in Central City sold for $925 million dollars

SOLD! Korean HQ in Seoul Sold Without Warning Given to Members

[Exclusive Report] Cheongpyeong Heaven and Earth Training Center. Claims have been made that hundreds of billions of won (hundreds of millions of dollars) were embezzled from Unification Church followers.

[suchananewsblog]

SsangYong Korando diesel axed due to supply issues

The SsangYong Korando range just got a little bit slimmer, with the South Korean brand confirming it has axed the turbo-diesel powertrain from its medium SUV range for model-year 2023. The 1.6-litre turbo-diesel engine will no longer be offered as part of the Korando range “due to factory supply constraints,” a SsangYong Australia spokesperson told CarExpert. That diesel unit was a pretty punchy…

[carbrakes]

Understanding How Ssangyong Brakes Work

New Post has been published on https://www.carbrakes.net/understanding-how-ssangyong-brakes-work/

Understanding How Ssangyong Brakes Work

One of the key components to the safety of any vehicle is its braking system, and these systems have come a long way since the first one was invented in 1902. Consequently, today’s vehicles come with a variety of advanced brake technologies to ensure the highest level of stopping power and strength. Ssangyong, the South Korean automotive manufacturer, has developed its own brake system, which is designed to provide superior stopping power and durability. To understand how Ssangyong brakes work, it is important to have a basic understanding of the components used.

At the heart of each Ssangyong brake system is a dual-circuit hydraulic master cylinder. This unit is responsible for delivering hydraulic pressure to the caliper and brake pads via the brake lines. The hydraulic pressure is generated by the driver pressing the brake pedal, which activates the master cylinder and forces the caliper pistons together, causing the brake pads to press against the rotors, slowing the wheels as they spin.

The front and rear brakes may be either disc brakes, which use pads and rotors, or drum brakes, which are comprised of cylinders and drums. The disc brakes are the most commonly used, as they offer superior stopping power, but both work in similar ways. As the brake pads press against the rotor, heat is generated, which causes the rotor to expand and create friction that causes the vehicle to slow down. The drum brakes have similar components and process, except that the cylinders are compressed against the drum, also creating friction to slow or stop the axle.

In addition to the brakes, there are other components that must work in tandem for the system to operate properly. The calipers are what hold the brake pads onto the rotor and are connected directly to the master cylinder. The brake lines deliver hydraulic pressure from the master cylinder to the calipers, and all of the components must be made of durable materials capable of handling the heat generated by braking, as well as the pressure from hydraulic fluid.

A Ssangyong brake system is designed to provide superior braking power, durability, and safety. With a dual-circuit master cylinder and caliper pistons, combined with the rotors and drums, the system will provide the stopping power necessary in all driving situations. The brake lines and calipers must also be made of durable materials and in good condition to handle the pressure of the hydraulic fluid and the heat generated by braking, in order to ensure maximum stopping power and safety.

[weelectronicstudentreviewstuff]

Mahindra & Mahindra Seeks To Give Up Control Of Struggling Unit SsangYong Mahindra & Mahindra plans to give up control of struggling South Korean unit SsangYong Motor, the automaker's managing director said on Friday, as it looks to exit loss-making ventures amid the coronavirus pandemic.

[taevisionceo]

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[qohow]

The 10 Ugliest Cars of All Time

It’s true that there’s more to life than looks, but some car designers sometimes let their imagination run wild until they cross the limits of good taste. Let’s take a look back at these automotive gems, a little too different from the others.

1953 : Reliant Regal

Acclaimed for its lightness and urban design, the Reliant Regal is the first car perched on three wheels.

Whether a manufacturing defect or a simple expression of British eccentricity, the Regal has since become a symbol of British popular culture. Impossible to have missed the appearance of this weirdness in Mr Bean’s adventures!

1957 : Edsel

As the 1960s approached, XXL models appeared on the other side of the Atlantic. Ford tried to give a new lease of life to its business by launching a brand of cars that were more powerful, more comfortable, but also more fanciful. But Edsel failed to seduce… An episode often described as the greatest commercial failure in the history of the United States…

1961 : Citroën Ami 6

A compromise between the DS and the 2CV, the Citroën Ami 6 is the ideal car for small purses looking for a car with a well thought-out design. Designer Flaminio Bertoni created the curvaceous lines reminiscent of a friendly face, although the car has sometimes been called a “toad” by its detractors. Nevertheless, the Ami 6 was the best-selling car of 1966, ahead of the Renault 4.

1976 : Renault 14

Nicknamed “the pear”, the Renault 14 sold one million units despite its futuristic design for the time. Compact and lightweight, the R14 also boasts highly contrasting volumes: tight at the front and massive at the rear to meet the new needs of families seeking comfort. An exceptional interior space that marks a real turning point in automotive design.

1980 : Renault Fuego

In spite of an appearance in the James Bond Dangerously yours, the Renault Fuego does not make the unanimity by its style very anchored in the Eighties. Among the innovations, the fully glazed “bubble” tailgate and the black fluted side strip are supposed to give the whole an aerodynamic line. While the look is sporty, the engine hasn’t really lived up to its promises.

1992 : Aixam Mega Club

The Aixam Mega Club marks the return of a segment that has disappeared since the Citroën Méhari: that of the useful and modular beach car. Georges Blain, owner of the license-free car brand Ariola, sought to diversify by offering for sale a car that was different from the others in every way. Far from going unnoticed, this unique look will be available in no less than 10 versions: convertible, covered, sheet metal, 4×4…

1998 : Fiat Multipla

Duck or dolphin, it’s hard to identify what inspired Fiat designers to create the Multipla. In France, sales of this car never took off, unlike in Italy, where the Multipla was the best-selling compact MPV in 2002. This limited success can be explained by the “practical” advantages (large cabin, six seats, etc.) appreciated by parents with large families.

2000 : Pontiac Aztek

A cross between SUV, MPV and pickup, the Pontiac Aztek aims to appeal to all driver profiles by meeting the needs of each.

This risky approach has resulted in a misshapen and rather expensive creation that is now being sold off in the U.S. auto market.

2005 : SsangYong Rodius

By producing a minivan with an imposing design, the Korean brand SsangYong is setting out to conquer the Western automotive market.

Cubic rear, stylized front, 180° swivel seats, length exceeding 5 meters… the appearance of the Rodius is very different from those of other minivans.

2015 : Toyota Scion XB

Even if they come from a foreign factory, the cars produced for the American market stand out, or rather impose themselves, by their opulent appearance.

The geometric shapes of the Toyota Scion XB are no exception to the rule, and are more like the aesthetics of a large refrigerator than a car designed to appeal to young drivers.

[taekooktimeline]

January 31, 2024 -

Tae’s final deployment details are released! Remember, Tae applied for SDT and placement is random, with soldiers being assigned to the Ministry of National Defense, Army headquarters, or each division, once the additional three weeks of SDT training are completed. SDT is distributed to not just Seoul, but also each region.

Starting on February 8, 2024, Tae will serve at the 2nd Army Corps of Chuncheon, Gangwon Province. Alternately known as the “Double Dragons,” or “Rok II Corps” or “Ssangyong Unit,” it’s a unit responsible for guarding the challenging military demarcation line. There is a Military Police unit under the direct control of the ROK II Corps, and this includes a Special Duty Team, as well as general military police. This location, nicknamed twin dragons(쌍용), is nestled between twin peaks and is tasked with protecting the Mid-East front, which is one of the roads connecting to Seoul, such as Hwacheon Chuncheon and Yanggu.

I’m not versed in Korean geography and military camps, but a few pages noted that this location is notoriously brutal and difficult to access due to rough mountainous terrain, which is why the unit Tae is assigned to is small. According to these pages, the unit faces tough conditions, including iron fences along the north facing side, numerous stairways for guard duty that are coupled with heavy gears and arms, and there have been reported ankle and knee issues among soldiers deployed here, making it a challenging and less desirable posting. The 2nd Corps, the unit Tae is assigned to, is part of the Ground Operations Command, and has an offensive force tasked with engaging the enemy and protecting the Military Demarcation Line.

Positive notations are that the facilities and food are good, and there is easily accessible transportation since many units are stationed here and the camp is located by Chuncheon City.

The below information says Wooga member and friend Hyungsik also served at this location. However, a friend researched and noted that Hyungsik was in the military police department of the Capital Defense Command as an active duty soldier, which is in Seoul, Seodaemun District (so special forces like Tae but a different posting). Please disregard the small blip from the below SS that says it’s the same unit as Tae’s. They’re in two separate units.

CT: Wintertaeta, vantestream and TaeTaePH on TW for the above information and verbiage used:

https://x.com/wintertaeta/status/1752526870862770659?s=46&t=StSwHjW0_Domk_lHUFMaCg

https://x.com/romantic_tae/status/1752552458155364543?s=46&t=StSwHjW0_Domk_lHUFMaCg

https://x.com/taetae_ph/status/1752571288990986562?s=46&t=StSwHjW0_Domk_lHUFMaCg

https://x.com/vantestream/status/1752591839654289848?s=46&t=StSwHjW0_Domk_lHUFMaCg

More info can be found at this article - https://www.timesnownews.com/entertainment-news/korean/bts-v-to-transfer-to-rok-ii-corps-after-passing-intense-sdt-training-all-you-need-to-know-about-ssangyong-unit-article-107290805

This YouTube video gives a better visual of the unit (no English subs) - https://youtu.be/4c4Cos7QWC0?si=avsuqAgDSyPQsiCB

Unit logo -

And this is just a note to archive, but it’s approximately 90 minutes from Jk’s base!

CT: TaeJkForever on TW for the above picture and information

[shlipayadavblog]

India's Mahindra says deal to sell SsangYong Motor to Edison terminated

BENGALURU (Reuters) -Indian carmaker Mahindra & Mahindra said on Thursday that a deal to sell its bankrupt unit, SsangYong Motor Co, to South Korean electric carmaker Edison Motors Co had been terminated.

The receiver of SsangYong cited Edison's inability to deposit the bid amount for the termination of the deal, Mahindra said in an exchange filing https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa4e307d-87d6-460a-b635-a0d79bed1244.pdf on Thursday.

Indian automaker Mahindra, which owned about 75% of SsangYong as of September end, has been looking for a buyer for all or most of its stake, which it bought when the South Korean automaker was on the brink of bankruptcy in 2010.

SsangYong has been under court receivership since last April in an attempt to rehabilitate the carmaker after Mahindra failed to secure a buyer.

In January this year, SsangYong Motor had said a consortium led by South Korean electric carmaker Edison Motors Co had agreed to buy it for 305 billion won ($254.65 million).

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South Korea Used Car  Market - Demand Forecast, Share, Industry Analysis, Size 2026 : Ken Research

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How is the South Korea Used Car Market Positioned?

~70% of the total population is under the age bracket 15-64 years supplemented by the high per capita income.

The used car market in South Korea has a highly concentrated online classifieds market and fragmented offline market. A combination of restrictions on public transport and a movement towards private travel have accelerated the sale of used cars. The Online Platforms and E- Commerce in the market benefitted the most from this sector as it grew the highest. Factors such as easy availability of finance through banks and NBFIs have positively contributed to the growth in the used car market revenue. Increased digitalization, internet penetration and relaxation of government regulations on allowing big domestic players in the used car market space are critical factors which have boosted the used cars sales.

Parameters such as the age, brand, certifications, mileage, and so on impact the buying decision of the customers.

Market: Market for 'Used Car in South Korea' has increased at a CAGR of ~% over the period 2015-2021P on the basis of revenue. Sales for used cars were recorded at ~units in South Korea during 2021P.

There has been a surge in the demand for quality cars, warranty packages, after-sale services, and vehicle history reports, since the used car market in South Korea has high consumer distrust.

Yet, there are a high number of independent sellers (Customer to Customer) transactions which operate in the market. Transactions between parties without intervention in used car sales, such as transactions between individuals, accounted for greater sales than transactions through used car dealers accounted

The used cars market showed resilience during the economic crisis brought down on the country by the pandemic in the year 2020. Both the new and used cars market witnessed growth in sales.

The country saw its domestic industry – comprising of Kia, Hyundai, Renault-Samsung, GM Korea, and SsangYong – bounce back in March 2020 after seeing big declines in February, when it was down nearly, on automaker shutdowns.

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South Korea Used Car Market Segmentation

By Market Structure: Organized sector accounted for the majority of share in the used car market segment. Unorganized sector, on the other hand, made for the remaining small percentage of share.

By Organized Market Source of lead generation:

In South Korea, online platform is the most preferred method for lead generation for organized players. It also offers a display of large variety of used vehicles on a single click and allows person to compare different vehicles at the same time.

By Type of Car: SUVs are the most preferred car type amongst used car buyers. Other preferred car types include Luxury Sedans and Sedans.

By Sales Channel: C2C sales is most the preferred sales channel in South Korea. B2C sales make up a relatively small portion of the market.

By Brand: Hyundai has the highest share in the used cars market. Another Korean brands Kia, has captured a high proportion of the total market as well.

Snapshot on Online Used Car Landscape

The number of online used car portals and marketplaces have risen significantly along with rising internet penetration in South Korea over the last few years. Major dealers such as K-Cars, Aj SellCar, Autoplus and others are using online platforms to increase their sales. Hence, there was an inevitable expansion in the lead generation of used cars via the online means. Social networking sites including Facebook and Instagram play a key role in expanding the used cars market in South Korea. Emergence of online auto-portals and classified platforms such as Encar and Kb Cha Cha Cha have provided increased visibility and credibility to the customer-to-customer transactions in the unorganized segment. South Korea had one of the fastest internet networks around the world. The internet infrastructure has been a high priority in numerous governmental regulations that led to its rapid and thorough expansion, contributing positively to the growth of the industry.

Competition Scenario in South Korea Used Car Market

Various authorized dealerships, multi-brand outlets & independent (standalone as well as clustered dealers) operating in the industry have led to increased competition in the used car market. Most multi-brand dealers are providing value added services including easy financing options, handling the paperwork and warranty, to expand their market share and to compete with authorized dealers.

South Korea Used Car Market Future Outlook and Projections

The used car industry in South Korea is expected to demonstrate a low growth rate in the future. It is expected to increase at a five year CAGR of 1.0% (by sales volume in units) from 2021P to 2026F. It is anticipated that the share of the organized segment in the used cars space will increase over time owing to an expected entrance of the big finished car makers in the market. Foreign established C2B players are too considering ‘South Korea Used Car Market’ a growing and profitable venture as consumer trust is higher towards imported vehicles. The demand for imported vehicles has been on a rise, especially for German Brands such as Mercedes and BMW.

Key Segments Covered

By Market Structure

Organized

Unorganized

By Organized Channel Source of Lead generation

Online

Dealership walk-ins

By Sales Channel

B2C

C2C

By Type of Car

Luxury Sedan

Sedan

Hatchback

SUV

MPV

Others (Sports car, Station wagon)

By Engine Size

2000 CC and Below

2000 CC – 3000 CC

3000 CC – 4000 CC

4000 CC and Above

By Brand

Hyundai

Kia

GM Korea

Renault Samsung

Ssangyong

Benz

BMW

Genesis

Audi

Volkswagen

Others (Includes both domestic and international brands)

By Region

Gyeonggi

Seoul

Gyeongnam

Gyeongbuk

Incheon

Busan

Chungnam

Dae-Gu

Jeonnam

Jeonbuk

Chungbuk

Gangwon

Gwangju

Daejeon

Ulsan

Jeju

Sejong

By Age

0-2 Years

2-4 Years

4-6 Years

6-8 Years

8-10 Years

More than 10 Years

By Mileage

Less than 20,000

20,000 – 40,000 Km

40,000 – 60,00 Km

60,000 – 80,000 Km

80,000 – 100,000 Km

Over 100,00 Km

By Fuel

Petrol

Diesel

Electric

Others (Petro-Electric, Diesel-Electric, etc.)

By Transmission Type

Auto

Manual

Others (Semi-Auto, CVT)

Companies Covered

Authorized Dealers

Benz Hansung

BMW Deutsch Motor

BMW Bavarian Motors

KCC Auto.

C2B/C2B2C/B2C

K-Cars

Aj SellCar

Autohands

Hey Dealer

U-Car

Autoplus

Online Portals – Online Auto Classified Platforms

Encar

Kb Cha Cha Cha

Auction Players

Hyundai Glovis

Lotte Rental – Auction

Aj SellCar Auction

K Car Auction

Time Period Captured in the Report:-

Historical Period – 2015 - 2021P

Forecast Period – 2021P - 2026F

Key Topics Covered in the Report

Executive Summary

Research Methodology

South Korea Used Car Market Overview

South Korea Used Car Market Size, 2015-2021P

South Korea Used Car Market Segmentation, 2021P

Growth Drivers in South Korea Used Car Market

Issues and Challenges in South Korea Used Car Market

Government Regulations

Ecosystem and Value Chain of Used Car Industry in South Korea

Customers Purchase Decision Making Parameters

Cross Comparison between Major Authorized Dealers and Multi-brand Dealers

Snapshot on Online used car market

Future Market Size and Segmentations, 2021P – 2026F

Covid-19 Impact on the Industry & the way forward

Analysts’ Recommendations

For more information on the research report, refer to below link:

South Korea Used Car Market Industry Outlook To 2026

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Saudi Arabia Used Car Market Outlook To 2025- By Market Structure (Organized & Unorganized), By Type Of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-Ups And Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford And Others), By Type Of Sourcing, By Age Of Vehicle (Less Than 1 Year, 1-3 Years, 3-5 Years & More Than 5 Years), By Kilometers Driven (Less Than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More Than 120,000 Km) And By Region (Northern, Southern, Central, Eastern And Western)”

Malaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry's Growth

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Isuzu Dmax 2022: Everything you need to know

In the United Kingdom, Isuzu solely sells the D-Max pickup truck. The entry models are simple and utilitarian, but there are also high-spec variants that, like many other pick-up trucks on the market in the UK, can easily function as a family car as well as work transportation. The Toyota Hilux, Ford Ranger, and SsangYong Musso are all competitors for the Isuzu D-Max, but the selection of pick-ups has reduced in recent years, so it's an exciting moment for Isuzu to unveil this new model. This Mk3 model debuted in 2021, with a significantly more modern appearance than its predecessor, as well as enough equipment and tempting affordable costs.

The "double-fang" grille, which looks very intimidating from the front and is colored differently depending on whatever trim level you pick, is one of the first things you notice when looking at 2017 used Isuzu d'max Melbourne. The Utility model, which comes in single cab, extended cab, and double cab body types, is the starting point. The DL20 comes in extended and double cab versions, whereas the DL40 and V-Cross are only available in double cab.

Although it's a new model, it retains the conventional body-on-frame chassis, although it's lighter and more rigid than before. Switchable four-wheel drive, like previously, allows you to choose between rear-wheel drive or high and low-range 4WD, as well as a standard rear differential lock. This means it performs as well off-road as you'd expect. The inside has been overhauled for this model, and the top-spec model now comes with a huge nine-inch touchscreen, dual-zone temperature control, and leather seats. It's a nice cottage, and it's more upscale than previously.

When compared to its predecessor, the D-Max is a significant improvement. It comes with more features, is more appealing to the eye, is a more competent work vehicle, and is also the safest truck in the class. When it comes to the way it drives, though, there is still work to be done. The engine is rather loud, and the suspension is still geared toward weight carrying and off-road performance rather than passenger refinement, despite the improved cruising comfort. Although it's a little competitor in the UK pick-up market, the Isuzu D-Max might have a big year in 2021. With rivals like the Mercedes X-Class and Fiat Fullback already gone, the Mitsubishi L200 on its way out, and doubts about the Nissan Navara's future in the UK, the timing is ideal for the all-new Isuzu d-max for sale in Melbourne to cash in on what has become a seller's market. There are work-focused varieties of the new model, as before, but the top-spec versions come with extra features to help them appeal to lifestyle purchasers — a sector that Isuzu is trying to break into now that so many rivals have left.

The V-Cross, which we're driving today, is at the top of the D-Max tree. It's designed to compete with high-spec rivals like the Toyota Hilux Invincible and Ford Ranger Wildtrak, so it comes with all of the same features as the DL40, plus a larger nine-inch color touchscreen, an eight-speaker stereo, rear air vents, and gunmetal-grey exterior detailing to replace the DL40's chrome for a more stylish appearance.

Source: Things To Know About The New Isuzu D-Max

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