Direct Bidder Access
to vehicle auctions in South Korea
Unlock direct access to thousands of quality vehicles ready to ship worldwide from auctions in South Korea.
K1 Autois your one-stop solution for buying vehicles at the largest South Korean auto auctions.
Save money bidding direct on inventory that is ready to ship internationally. Transparent pricing and fees provide predictable costs and shipping updates let you track your vehicle the whole time.Simple
No Middle Man
Follow auctions and sources to the second for the best price.Convenient
Direct Access
First of it's kind access into a direct seat at vehicle auctions and wholesale sources.Low Cost
Transparent Fees
All auction and broker fees are included in the transaction for clear pricing up front.Streamline your inventory acquisition
Optimize and simplify your inventory acquisition process by streamlining every step, from sourcing to delivery.K1 Auto is your single partner that provides the dealer direct bidding process and coordinates all shipping arrangements.
Global Reach
Buy from anywhere and we’ll ship the car to a port near you.Improve Revenue
Balance your vehicle inventory and acquire cars at low cost.Direct Seat
Bid directly in the South Korean auto auction yourself with real time updates.Translated Details
Navigate the auction easily with dashboards and views translated into English.
Getting Started is Easy
1
Sign UpCreate your K1 Auto account and unlock access to exclusive inventory
2
Browse AuctionsExplore upcoming auctions and preview the vehicles available
3
Place Your BidsParticipate in real-time auctions with a direct seat.
Frequently Asked Questions
Can foreign dealers purchase cars directly at auction in South Korea?
No, foreign dealers cannot buy cars in South Korea. The country has specific regulations and rules in place that restrict the sale of cars to non-resident foreign entities. Approved memberships within the auction manage dealer access in accordance with auction regulations to fulfill the necessary requirements for international dealers.
What are the primary reasons for this restriction?
The South Korean government implements these restrictions to manage and regulate the automotive market within the country. The rules aim to support local industries, control imports, and ensure compliance with safety and environmental standards.
Can individual foreign buyers purchase cars in South Korea?
While foreign individuals can buy cars for personal use in South Korea, the regulations for commercial entities, including foreign dealerships, are different. Individual buyers typically face fewer restrictions compared to business entities.
Can foreign dealers collaborate with local distributors to sell cars in South Korea?
Yes, collaborations with local distributors or establishing partnerships with South Korean companies are potential avenues for foreign dealers to participate in the market. Working within the framework of these regulations allows for a more seamless entry into the market.
How to get started with K1 Auto?
To complete registration and be able to place a bid on a vehicle. Deposit requirement is a minimum $1,500 USD or 10% of the purchase price whichever is greater. If the deal falls through for any reason the deposit is refundable. Deposit refunds are subject to a processing fee of $50. After deposit refund request, funds will be processed within 10 working days.
