SK V1 Motors Terms of Service

Article 1. Purpose

These Terms of Service govern the rights, obligations, responsibilities, and procedures between the "Company" and its "Members" regarding the use of the SK V1 Motors service (hereinafter "Service") operated by SK V1 Motors (hereinafter "Company").

Article 2. Definitions

① The key terms used in these Terms are defined as follows.

1. Service: An intermediary service and related ancillary services that support vehicle quote inquiries, bidding, and consultation reservations through the online platform provided by the "Company".

2. Member: A person who has agreed to these Terms and has been granted the right to use the Service, categorized as follows.

① General Member: An individual user who registers via social login for the purpose of obtaining vehicle quotes and buying or selling their own vehicle.

② Dealer Member (Business Representative): A person engaged in the automobile dealership business under the Automobile Management Act who has submitted identity verification and business documentation and has been approved by the "Company".

③ Dealer Member (Employee): A person who, after identity verification, has entered their affiliated company's business registration number and has received approval within the Service from the affiliated company's Business Representative.

3. Bid (Quote): The desired purchase price submitted by a "Dealer Member" after reviewing the detailed vehicle information of a "General Member", including both manual and automatic bidding methods.

Article 3. Effectiveness and Amendment of Terms

① These Terms shall take effect for all Members wishing to use the Service.

② The "Company" may amend these Terms within the scope permitted by the Act on the Regulation of Terms and Conditions.

③ When amending the Terms, the "Company" shall notify Members through the service notice board at least 7 days before the effective date. However, if the amendment is unfavorable to Members, individual notification shall be provided at least 30 days before the effective date via email, text message (SMS or app notification), or other means.

④ If the "Company" has clearly notified Members that failure to express intent within 30 days will be deemed as consent, and a Member does not explicitly refuse, the Member shall be deemed to have agreed to the amended Terms. However, a Member who does not agree to the amended Terms may terminate the service agreement.

Article 4. Membership Registration and Qualification Approval

① Membership registration is only available to persons aged 14 or older. Persons under the age of 14 may not register for this Service.

② General Member: Registration is completed through social account linkage and agreement to these Terms, and the Service may be used immediately upon registration. However, the Service may be temporarily restricted due to circumstances such as system maintenance or failures on the part of the "Company".

③ Dealer Member (Business Representative): After mobile phone identity verification, the following documents must be submitted, and the Service may be used from the time the "Company" completes its review and approval. The review period is in principle within 5 business days; supplementary documents may be requested if documents are incomplete. The "Company" may refuse approval if qualification requirements are not met and shall notify the applicant of the reason for refusal.

1. Business registration certificate

2. Automobile dealership registration certificate

3. Automobile management business registration number confirmation

4. Other documents pre-announced by the "Company"

④ Dealer Member (Employee): After mobile phone identity verification, the information of the affiliated business representative must be entered, and the Member may be active from the time the final approval by the business representative within the system is completed. If the business representative refuses approval, the application may be cancelled.

Article 5. Protection and Collection of Personal Information

① The "Company" collects the minimum information necessary for smooth service provision in accordance with the Personal Information Protection Act.

② The items and purposes of personal information collected are as follows.

1. General Member collection items: Name, contact information (mobile phone number), date of birth, gender, email address, social account identifier.

Purpose: Member identification, service provision, consultation reservation and transaction connection.

2. Dealer Member collection items: Name, contact information (mobile phone number), date of birth, gender, email address, business information (business name, representative name, business opening date, company phone number, address, business registration number, automobile management business registration number, automobile dealer registration number).

Purpose: Business qualification review, service provision, bid management.

③ The retention and use period of personal information is until the Member withdraws or the purpose of collection and use is achieved; if retention is required by applicable laws, it will be retained for the relevant period.

④ Third-party provision: The "Company" provides personal information only when a "General Member" finally selects a specific "Dealer Member" as a consultation target, within the scope necessary for completing the transaction, as follows.

- Recipient: The relevant Dealer Member (Business Representative or Employee)

- Items provided: Name, contact information

- Purpose: Vehicle transaction fulfillment

- Retention and use period: 3 months after transaction completion; until dispute resolution in case of a dispute

⑤ Detailed privacy practices are governed by the Privacy Policy separately announced within the Service.

Article 6. Receipt of Promotional Information

① The "Company" may provide optimized personalized service, event, and promotional information to users via email, text message (SMS), smartphone push notifications, phone, and other methods. However, users may refuse to receive such information at any time via email or other means.

② Users may refuse consent to receive promotional information, and even if consent has been given, it may be withdrawn at any time; however, upon withdrawal, promotional information services such as discounts, events, and personalized service recommendations will be restricted.

Article 7. Vehicle Information Inquiry Using API

① "General Members" may retrieve vehicle specifications and history information linked to public data such as the Ministry of Land, Infrastructure and Transport API by entering the vehicle number and owner's name.

② The "Company" does not guarantee the accuracy or real-time nature of information provided through the API. Members must verify against the actual vehicle condition, and the "Company" shall not be liable for quote errors or transaction cancellations caused by information discrepancies unless there is intent or gross negligence.

Article 8. Direct Transactions Between Parties and Liability

① The "Company" provides consultation reservation connection functions through this Service, and the conclusion of purchase contracts, payment, and vehicle delivery are not processed within the Service. The "Company" is merely a platform provider facilitating transactions between Members and is not a party to used vehicle transactions.

② All actual transaction activities such as payment, vehicle delivery, and transfer registration are conducted as direct transactions between "General Members" and "Dealer Members". The "Company" does not receive or hold transaction funds and shall not be liable for the following damages unless there is intent or gross negligence on the part of the "Company".

1. Damages due to non-payment or non-receipt of funds between transaction parties

2. Damages due to delayed or non-delivery of vehicle

3. Damages due to delayed or non-completion of ownership transfer registration

③ Depreciation negotiations or contract cancellations arising during on-site inspection are matters of voluntary agreement between the parties, and the "Company" has no obligation to intervene. However, the "Company" may provide its own mediation service or refer to relevant institutions for dispute resolution.

Article 9. Management Obligations of Dealer Members

① The Business Representative is responsible for managing and supervising the service use activities of affiliated employee members.

② If it is recognized that a Business Representative has neglected management and supervision obligations regarding an employee member's violation of these Terms (false quotes, improper depreciation, etc.), such violation may be attributed to the Business Representative, and in such case the "Company" may restrict the Business Representative's use of the Service.

③ If the Business Representative demonstrates that they took reasonable precautions to prevent violations by employees in advance, the "Company" may consider this and adjust the level of sanctions.

Article 10. Prohibition of Misconduct and Sanctions

① The "Company" prohibits the following acts applicable to all Members and may suspend or revoke membership upon violation.

1. Registering or using the Service under another person's identity, contact information, or business information

2. Registering or disseminating false information within the Service

3. Using abusive language, defamation, threats, or other illegal or offensive behavior toward other Members

4. Using the Service in a manner that interferes with normal operations, such as through automated programs or crawling

5. Violating relevant laws or acting against public order and morals

② Additional prohibited acts applicable to "General Members" are as follows.

1. Repeatedly failing or canceling consultation reservations without justifiable reason, thereby interfering with Dealer Members' business

2. Intentionally interfering with a specific Dealer Member's business through false reports or malicious complaints

③ Additional prohibited acts applicable to "Dealer Members" are as follows.

1. Submitting false documents or concealing failure to meet business qualification requirements

2. Intentionally submitting false high quotes for the purpose of winning bids

3. Refusing on-site visits without justifiable reason or repeatedly canceling transactions

4. Inducing off-platform transactions (abusing) and unauthorized disclosure of user information

④ Before taking sanctions under Paragraph 1, the "Company" shall notify the relevant Member in writing (including email) of the reason and content of the violation and provide at least 7 days to respond. However, if there is an urgent need to restrict service use (fraud, personal information leakage, etc.), use may be immediately restricted and notification and opportunity to respond provided afterwards.

⑤ Based on the response, the "Company" may change or cancel sanctions and shall notify the relevant Member of the final decision.

Article 11. Account Management Obligations

① "Members" shall not transfer, lend, or share their accounts with third parties.

② The "Company" shall not be liable for damages arising from negligent account management, unauthorized use, or misappropriation by a third party, unless there is intent or gross negligence on the part of the "Company".

③ If a "Member" becomes aware that their account has been misappropriated or is being used without authorization by a third party, they must immediately notify the "Company". The "Company" shall not be liable for damages arising from failure to notify.

Article 12. Obligation to Disclose Vehicle Information and Liability for False Information

① "Dealer Members" must truthfully disclose the following information about vehicles for sale to "General Members" in accordance with Article 58 of the Automobile Management Act and the Framework Act on Consumers.

1. Vehicle performance and condition inspection details

2. Actual mileage and major accident history (flooding, total loss, theft, etc.)

3. Major defects or repair history

4. Matters relating to rights such as seizure and mortgage

5. Transaction fees and charges

② If a "Dealer Member" violates the obligations of Paragraph 1 and provides false or exaggerated information causing financial damage to a "General Member", the relevant "Dealer Member" shall bear civil and criminal liability. Unless there is intent or gross negligence on the part of the "Company", the "Company" shall not be liable.

③ If a "General Member" becomes aware of false information provided by a "Dealer Member", they may immediately report it to the "Company", and the "Company" may take sanctions pursuant to Article 10.

Article 13. Service Fees

① This Service is in principle free of charge.

② However, if the "Company" introduces separate paid additional services, it shall provide advance notice 30 days before the service launch date and obtain user consent before implementation.

Article 14. Service Interruption

① The "Company" may temporarily suspend the provision of the Service in the following cases.

1. When the "Company" has given prior notice or notification to users

2. In cases of maintenance, replacement, or breakdown of computer or information and communication facilities, or communication interruption

3. When service provision is impossible due to a surge in user service usage

4. When emergency restoration of facilities is required

5. When a telecommunications service provider suspends telecommunications services

6. Other cases that the "Company" cannot reasonably control

② The "Company" shall compensate for damages suffered by users or third parties due to temporary suspension of service for the reasons in Paragraph 1. However, this does not apply if there is no intent or negligence on the part of the "Company".

Article 15. Service Changes

① The "Company" may change all or part of the services it provides in accordance with operational and technical needs if there is sufficient reason.

② If there are changes to the content, usage method, or usage time of the Service, the reason for the change, the changed service content, and the provision date must be posted on the initial screen of the relevant service before the change.

③ The "Company" may modify, suspend, or change all or part of the services provided free of charge as needed for company policy and operations, and shall not provide separate compensation to Members unless otherwise required by applicable law.

Article 16. Relationship Between Linked and Linked-to Websites

① When the Service and subordinate "websites" are connected via hyperlinks (e.g., hyperlink targets include text, images, and animations), the former is called the linking website and the latter is called the linked-to website.

② If the linking website clearly states that it is not responsible for transactions between users and the independently provided goods and services of the linked-to website, it shall not bear warranty liability for such transactions.

Article 17. Governing Law and Jurisdiction

① Disputes arising in connection with these Terms shall be governed by the laws of the Republic of Korea.

② Jurisdiction for litigation arising between the "Company" and Members in connection with use of the Service shall be the court designated by the Civil Procedure Act. However, if the consumer (General Member) is a party, the court of the consumer's address shall take priority.

Article 18. Privacy Policy

The "Company" establishes and discloses a Privacy Policy to protect Members' personal information and handle related complaints in accordance with Article 30 of the Personal Information Protection Act. The Privacy Policy can be viewed through the initial screen or linked screen of the Service.

Supplementary Provisions

Article 1 (Effective Date) These Terms shall take effect from July 1, 2026.