Are Hyundai-Kia, Big 5 monopolizing the Korean auto market? Options

[Vinnie]

Awwww..... sorry hyundai/kia makes good vehicles and has great deals on their models.

○ Hyundai, Kia effectively monopolizing market

According to the Korea Automobile Manufacturers' Association, Hyundai controlled 46.8 percent and Kia 34.7 percent of the locally assembled car market between January and April this year. Given that both companies belong to Hyundai Motor Group, their combined market share is 81.5 percent.

Hyundai and Kia are the only two domestic automakers that have a double-digit market share. GM Korea controls 9.9 percent and Renault Samsung 4.9 percent, showing a significant gap among the top two.

Hyundai and Kia are increasingly solidifying their dominance. Their combined market share has been rising from 78.1 percent in 2010 to 79.8 percent in 2011. For this reason, critics say the domestic-brand auto market is effectively monopolized by Hyundai and Kia.

Read more @ source: http://english.donga.com/srv/service.php3?bicode=020000&biid=2012052835058