KG Group to Complete Vertical Integration in Mobility Through K Car Acquisition…Aiming for 200,000 Units by 2030

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KG Group is launching efforts to build an integrated mobility ecosystem covering new car manufacturing, used car distribution, finance, and payments, taking the acquisition of the used car platform K Car as an opportunity. At a press briefing held at Taeyoung Building in Yeouido, Seoul, on June 9, 2026, KG Group unveiled its medium- to long-term future strategy roadmap.

KG Group will combine the capabilities of KG Mobility, which possesses independent finished vehicle manufacturing capabilities, with those of K Car, which holds an online and offline distribution network for used cars. Additionally, the group will integrate the payment and fintech competitiveness of KG iNnis and the digital financial services initiatives of KG Financial. The group plans to complete a vertically integrated structure that covers the entire customer lifecycle, from new car manufacturing and used car distribution to automotive finance and payments.

Kwak Jae-seon emphasized, "The acquisition of K Car is not merely an expansion of business but a core pillar for creating a new growth model by connecting manufacturing, distribution, finance, and payments, and securing competitiveness in the global market."

KG Mobility will accelerate its portfolio transition toward environmentally friendly vehicles. By 2030, it will sequentially introduce a total of seven types of environmentally friendly SUVs, including electric vehicles, hybrid vehicles, and plug-in hybrid vehicles. To target the global market, KG Mobility will focus on semi-finished vehicle assembly projects in the Middle East and Southeast Asia as a core axis of exports. KG Mobility has set a goal to achieve annual sales of 200,000 units, revenue of over 10 trillion won, and an operating profit margin of over 5% by 2030.

KG Steel is promoting the construction of an AI-based smart factory and will expand new businesses related to automotive materials through collaboration with K Car. To enhance the corporate valuation of its listed subsidiaries, KG Group plans to implement proactive dividends and explicitly execute shareholder-friendly policies, such as expanding the total shareholder return rate to 50% over five years.

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*This content was translated by AI.View Original