In 2017, the operating profit for small businesses in the used car market in South Korea was a little over three million South Korean won. According to the source, the share of operating profit has drastically decreased from 3.77 percent in 2013 to 0.36 percent in 2017. 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. This led to many small enterprises entering the market and increased competition among businesses.
Operating profit of small enterprises in the used car market in South Korea from 2013 to 2017
(in million South Korean won)
Characteristic
Operating profit for small enterprises in million South Korean won
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Hankyung. (December 16, 2019). Operating profit of small enterprises in the used car market in South Korea from 2013 to 2017 (in million South Korean won) [Graph]. In Statista. Retrieved May 17, 2025, from https://www.statista.com/statistics/1132325/south-korea-used-car-market-small-businesses-operating-profit/
Hankyung. "Operating profit of small enterprises in the used car market in South Korea from 2013 to 2017 (in million South Korean won)." Chart. December 16, 2019. Statista. Accessed May 17, 2025. https://www.statista.com/statistics/1132325/south-korea-used-car-market-small-businesses-operating-profit/
Hankyung. (2019). Operating profit of small enterprises in the used car market in South Korea from 2013 to 2017 (in million South Korean won). Statista. Statista Inc.. Accessed: May 17, 2025. https://www.statista.com/statistics/1132325/south-korea-used-car-market-small-businesses-operating-profit/
Hankyung. "Operating Profit of Small Enterprises in The Used Car Market in South Korea from 2013 to 2017 (in Million South Korean Won)." Statista, Statista Inc., 16 Dec 2019, https://www.statista.com/statistics/1132325/south-korea-used-car-market-small-businesses-operating-profit/
Hankyung, Operating profit of small enterprises in the used car market in South Korea from 2013 to 2017 (in million South Korean won) Statista, https://www.statista.com/statistics/1132325/south-korea-used-car-market-small-businesses-operating-profit/ (last visited May 17, 2025)
Operating profit of small enterprises in the used car market in South Korea from 2013 to 2017 (in million South Korean won) [Graph], Hankyung, December 16, 2019. [Online]. Available: https://www.statista.com/statistics/1132325/south-korea-used-car-market-small-businesses-operating-profit/
