There were approximately 24.37 million automobiles registered in South Korea in 2020. The number of car registrations grew steadily over the past ten years, although the rate of increase has decreased slightly since 2015. 2015 was the year when the greatest number of new cars were registered, with approximately 872 thousand units. However, as more and more households start to own two or even three vehicles, continuous if slow growth is expected in the coming years.
Number of vehicles registered in South Korea from 2011 to 2020
(in million units)
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Statistics Korea. (January 21, 2021). Number of vehicles registered in South Korea from 2011 to 2020 (in million units) [Graph]. In Statista. Retrieved June 30, 2022, from https://www.statista.com/statistics/1095105/south-korea-number-of-vehicles-registered/
Statistics Korea. "Number of vehicles registered in South Korea from 2011 to 2020 (in million units)." Chart. January 21, 2021. Statista. Accessed June 30, 2022. https://www.statista.com/statistics/1095105/south-korea-number-of-vehicles-registered/
Statistics Korea. (2021). Number of vehicles registered in South Korea from 2011 to 2020 (in million units). Statista. Statista Inc.. Accessed: June 30, 2022. https://www.statista.com/statistics/1095105/south-korea-number-of-vehicles-registered/
Statistics Korea. "Number of Vehicles Registered in South Korea from 2011 to 2020 (in Million Units)." Statista, Statista Inc., 21 Jan 2021, https://www.statista.com/statistics/1095105/south-korea-number-of-vehicles-registered/
Statistics Korea, Number of vehicles registered in South Korea from 2011 to 2020 (in million units) Statista, https://www.statista.com/statistics/1095105/south-korea-number-of-vehicles-registered/ (last visited June 30, 2022)
