H. Yoo
Research expert covering South Korea
Passenger cars in South Korea - statistics & facts
Car ownership appears to be shifting gears in South Korea. The significance of the domestic automotive industry is underlined by its intertwined nature with the nation’s economic development. Passenger cars are a fixture in everyday life, being the most used mode of transport among the population. However, changing opinions regarding vehicle purchasing and disruptive developments such as alternative mobility solutions suggest changes that could be afoot in the South Korean market.
