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Scania Finance Korea contributes to the truck boom

As part of the drive to further boost Scania’s fast growing South Korean truck operations, Scania has formed its first ever finance company outside Europe, Scania Finance Korea Ltd.

The main thrust of the new company’s operations lies in customer credit management and financial advisory services. As demand continues to grow, the company will also offer truck customers more diversified financial services.

The MD of the company is Sang Won Lee and the executive management includes Claes Jacobsson, Senior Vice President, Customer Finance, in addition to Staffan Sjögren, MD of Scania Korea.

The new finance company started operating on 1 February 2002.

Truck sales in South Korea have shown considerable growth over the past two years. In parallel, Scania has extended its sales and service network throughout the country to encompass eight sales offices and 12 service workshops. In 2000, Scania recorded sales of 471 vehicles in the country, a figure that grew to 1,213 just one year later. The current year has got off to a flying start, with about 300 vehicles already in the order book at the end of January.

Financial services are at present one of Scania’s fastest growing business areas, alongside sales of repair and maintenance services.

For more information please contact Bo Östlund, Business Communications,

telephone +46 8-553 82846 or +46 70-543 8142.