KGM achieves success after 20 years… Attained a surplus for the second consecutive year thanks to exports last year.

Achieving a Profit for Two Consecutive Years – First Time in 20 Years Since 2004,
, ‘KG Mobility (hereafter KGM) announced on the 24th that it sold a total of 109,424 units last year, marking a profit for the second consecutive year.’,
, ‘During the same period, based on the separate financial statements, the company recorded sales of 3.7825 trillion KRW, an operating profit of 12.3 billion KRW, and a net profit of 46.2 billion KRW.’,
, ‘This achievement was due to an increased export volume resulting from the launch of new models such as the Actyon and expanded global market efforts, alongside CO₂ penalty refunds from Torres EVX sales, exchange rate effects, and efforts to reduce costs through productivity improvement, leading to consecutive years of profit similar to 2023.’,
, ‘Securing operational and net profits for two straight years was a first in 20 years since 2003 and 2004. As a newly launched affiliate of KG, KGM is solidifying its foundation for normalized operations while maintaining its profit momentum. This year, it plans to expand the profit scale into a four-digit figure.’,
, ‘In 2024, domestic sales decreased by 5.7% compared to 2023 due to a recession in the domestic market and weakened consumer sentiment, but exports achieved the highest monthly sales in KGM’s history in December (8,147 units), marking the highest achievement in 10 years since 2014 (72,011 units), with an increase of 18.2% compared to 2023 (52,754 units).’,
, ‘Particularly, KGM accelerated its efforts to increase export volumes last year by launching Torres EVX and the KGM brand in global markets such as Türkiye and Australia, establishing a European sales corporation, and hosting component conferences and the overseas dealer conference, a global dealer invitation event.’,
, ‘To further increase this profit scale this year, KGM plans to aggressively respond to markets through expanded launches of new models both domestically and internationally.’,
, ‘For this purpose, in January, KGM held a launching and test drive event for the Actyon in Türkiye, alongside inviting local dealers and media as part of its first global event. In the domestic market, it launched the “2025 Rexton” lineup and the pickup brand “Musso,” also revealing the name “Musso EV” for the project “O100.”’,
, ‘Additionally, KGM expanded its eco-friendly vehicle lineup by unveiling its first hybrid model, “Torres Hybrid,” featuring the “Dual Tech Hybrid System.”’,
, ‘A KGM representative stated, “By expanding export volumes and obtaining CO₂ penalty refunds, we achieved a profit for two consecutive years for the first time in 20 years, laying the foundation for normalized management. We plan to continue increasing our profit scale this year by expanding into global markets starting with the Actyon launch in Türkiye and releasing various new models such as the Musso EV and Torres Hybrid to increase sales volumes.”’,
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