The 서남관신문 has the story. Here's an excerpt, via Babelfish Translator, for those who can't read Korean:
The Cholla Nam Do profit Oh (20, Korea large liberal arts window encouragements of learning and 1 years) Miss occupied a true meaning glory from Miss Korea selection conference and clutched the crown. Profit Oh German silver last 24th from 6 pms 30 minutes 2008 Kwangju which is opened from 2008 Hamp'yong world-wide butterfly insect X gun specially installed stage * got the glory which from Cholla Nam Do Miss Korea selection conference is selected on `th position '.
The women on either side of the winner are 20 and 19, respectively, and both studying in Gwangju. You know, you can run a Naver search for the Gwangju Car Show and get hundreds and hundreds of pages of blogs and image results. Can't find a damn thing about this contest. But I did come across this set, lol, of the finalists looking like they're ready to be in some old guy's music video.