The Korea Automotive Research Institute has called for a quality certification system to boost used car exports, following a report highlighting the potential growth in this sector. The global used car trade has grown by 88.9% over 12 years, driven by economic growth in emerging countries. The institute suggested benchmarking Japan and China, which have quality certification systems, and emphasized the need to reduce information asymmetry through quality certification by credible institutions.
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Auto-posted at: 2025-05-30 09:00:34