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Press Release

SK Rent-a-Car Ranks No.1 in 2024 KS-WEI for 13 Consecutive Years

2024.06.28

- Recognized for customizing rental products to meet diverse customer needs, enhancing customer value and innovating services
- Targeting niche demand in the domestic car rental market with the introduction of the 'Monthly Rental' plan, enabling hassle-free monthly usage
Leveraging strengths such as convenient and swift contracting and thorough after-sales service, resulting in a monthly average increase in user base
- "We will continue to launch our exclusively differentiated services to offer customers a new and convenient mobility life"

On the 28th, SK Rent-a-Car (CEO: Hwang Il-moon) announced that the Company had secured on the top position in the car rental category of the 2024 Korean Standard Well-Being & Environment Index for 13 consecutive years.

The Korean Standard Well-Being & Environment Index (KS-WEI) is the only index system in Korea dedicated to evaluating consumer well-being satisfaction. Developed in collaboration between the Korean Standards Association (KSA) and Yonsei University, this index assesses how products and services impact consumer well-being across five index elements: health, environment, safety, satisfaction and social responsibility. It identifies top-ranking entities in each industry category based on their scores in well-being satisfaction.

SK Rent-a-Car's consistent No.1 ranking in the car rental category for 13 consecutive years reflects its commitment to enhancing customer value. The company has been praised for its strategy of segmenting car rental offerings to meet the evolving needs of customer with diverse mobility lifestyles.

Launched last October, 'Monthly Rental,' is a prime example that differentiates SK Rent-a-Car from competitors. This online-exclusive product was introduced in response to evolving customer needs, shifting from focusing solely on 'car type' to also considering 'usage period.' Unlike typical long-term car rentals that typically require a commitment for a year, Monthly Rental allows customers the flexibility to rent for a short period, on a monthly basis as needed. Moreover, it eliminates additional charges for delivery, maintenance, insurance, taxes, and more, aside from the rental fees. Since its introduction, Monthly Rental has garnered significant popularity. Popular car models are fully booked within an average of five days after being listed on the company's website, contributing to a notable monthly average growth of 40% in user numbers since its launch.

Monthly Rental offers exceptional convenience, with contracts available in just three minutes on the online direct platform 'SK Rent-a-Car Direct', and all vehicles are available via the 'next-day delivery' service. In addition, it includes a complimentary replacement car service during maintenance and industry-leading insurance coverage of up to 100 million won respectively for property damage and personal injury. Moreover, while it is common practice in the car rental industry to offer used cars for monthly rentals, Monthly Rental sets itself apart with a fleet consisting of over 30% new cars.

“Our continuous efforts to enhance customer value and innovate services have evidently led to remarkable achievement of maintaining the top position in the KS-WEI for 13 consecutive years,” said an official at SK Rent-a-Car. “We will continue to launch uniquely differentiated services to facilitate a new and convenient mobility life for our customers.”

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[Photo caption 1.] 2024 KS-WEI Emblem

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[Photo caption 2.] SK Rent-a-Car CI

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[Photo caption 3.] SK Rent-a-Car Monthly Rental Advertisement Stil Frame

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