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Consumer Automotive Financial Services in South Korea

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Table of Contents  | Series Prospectus | Buy Report

Consumer Automotive Financial Services in South Korea investigates the market for automotive financial services linked to sales of new and used passenger cars to individual buyers in South Korea. In addition to analysing the market for finance and leasing services, the study also covers motor insurance, road assistance, extended warranties, creditor insurance and prepaid service contracts, plus GAP insurance.

Using survey results for average take-up rates for finance and leasing propositions at the point of sale, data for the size and growth of the automotive finance and leasing market for consumers in South Korea is provided in terms of gross advances and assets leased for 2009 to 2013 with splits between finance for new and used cars and between finance organised through dealerships at the point of sale and directly with banks or other lending institutions.

Moreover, also by means of data for average take-up rates, the markets for motor insurance, road assistance, extended warranties, creditor insurance and prepaid service contracts are sized in terms of gross written premiums and other revenues sold through the automotive trade (i.e. via dealers and manufacturers) in 2013. These markets, estimated to be worth over KRW 462.9 billion in total in 2013, are broken down between new and used cars, and between new contracts sold during 2013 and in-force business sold in previous years but still being renewed in 2013.

The report draws on a survey of 60 leading car dealerships as well as an analysis of the approach to consumer automotive financial services of 26 car manufacturer brands in South Korea. The PartnerBASE™ dataset that accompanies the report details each of the marketing initiatives for consumer automotive financial services traced by Finaccord for both dealers and manufacturers; a market data annexe is also available in a convenient spreadsheet format so that there is no need to re-enter key data points from the report.

In addition to captive finance companies owned by manufacturer brands, organisations covered by the report include Aju Capital, Dongbu Insurance, Hi Network, Hyundai Marine & Fire, JB Woori Capital, LIG Insurance, Samsung Fire & Marine, Shinhan Bank, Shinhan Card and Speedmate BHQ. Together, the report and database will provide you with the definitive guide to current and future opportunities in consumer automotive financial services in South Korea. 

For further information about this research, please access the table of contents and series prospectus by clicking on the links at the top of this page, or e-mail

Equivalent foreign language titles:
Les Services Financiers Automobiles en Corée du Sud
Finanz- und Versicherungsdienstleistungen für Privatkunden von PKWs in Südkorea
Servizi Finanziari per i Consumatori nel Settore Automobilistico in Corea del Sud
Serviços Financeiros para Consumidores no Setor Automóvel na Coréia do Sul
Servicios Financieros para Consumidores en el Sector Automotor en Corea del Sur

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