This Frost & Sullivan analysis examines key changes characterizing the South Korean light commercial vehicle (LCV) and medium- & heavy-duty (M&HD) truck industry. The trucking industry, dominated by legacy companies that are resistant to change, has attracted interest from tech-savvy start-ups in recent years. These young companies are using advanced technology and artificial intelligence (AI) to change the way the industry operates and generates revenue. This analysis identifies the strategic imperatives and macroeconomic factors affecting LCV and M&HD truck growth.

• Why is the LCV and M&HD truck industry poised for immense growth in South Korea for select powertrain segments?
• How can your team identify and leverage key growth opportunities emerging from the developments in the LCV and M&HD space?
• Which industry megatrends, developments, and growth drivers will influence the growth trajectory of commercial vehicles and trucks in South Korea?