Private equity fund (PEF) manager Hahn & Company said on the 30th that, ahead of selling the directly managed used-car company K Car, it will give employees a "new start encouragement bonus."
K Car was launched when Hahn & Company acquired SK Encar's directly managed business unit in 2018. Revenue grew from 931.1 billion won in 2017, just before Hahn & Company's acquisition, to 2.4388 trillion won in 2025. Over the same period, operating profit rose from 10 billion won to 76 billion won, and earnings before interest, taxes, depreciation and amortization (EBITDA) increased from 12.8 billion won to 124.8 billion won.
The number of employees, which was 752 at the time of Hahn & Company's acquisition, increased about 1.5 times to 1,148 as of the end of last year. Last year, K Car executives donated part of the stock options they held to the employee stock ownership association free of charge, helping members share in the fruits of growth.
Hahn & Company created a structure that connects vehicle purchase and financing in one step through K Car's captive finance company "K Car Capital," and built an integrated online-offline platform through services such as "Buy My Car Home Service," Korea's first used-car e-commerce service.
Accordingly, Hahn & Company decided to give a new start encouragement bonus after this transaction is closed to reward the dedication of employees who drove growth together. It also conveyed support for a fresh leap under the new largest shareholder, KG Group.
Hahn & Company said it focused on finding a buyer who would create synergy and lead sustainable growth when selling management control. It said the sale of K Car to KG Group reflects these considerations. Hahn & Company said it expects KG Group to generate synergy with K Car and drive additional growth.
KG Group has announced a plan to build an "integrated mobility ecosystem" spanning new-car manufacturing, used-car distribution, auto finance and payments through the acquisition of K Car.