Number of small businesses in the used car market South Korea 2013-2017
In 2017, there were 3,910 small businesses operating in the used car market in South Korea. According to the source, the annual growth rate of small businesses in the used car market from 2013 to 2017 was on average 4.8 percent. In 2013, the used car market was designated as a "SME suited sector" by the South Korean government, which blocked larger corporations from entering or expanding in the market.