South Korea's Vehicle Fleet: 25.6 Million Registered (2020)

According to the Korea Automobile Manufacturers Association (KAMA), South Korea had approximately 25.6 million registered motor vehicles as of December 2020.

Breakdown by Vehicle Type

The total includes all registered categories:

• Passenger cars: Largest segment (sedans, SUVs, hatchbacks)
• Commercial vehicles: Trucks, vans, delivery vehicles
• Buses: Intercity, city, and tour buses
• Special-purpose vehicles: Construction, emergency, government
• Two-wheelers: Motorcycles and scooters (separately registered)

Context and Trends

• Population ratio: ~1 vehicle per 2.0 people (population ~51.8 million)
• Growth: Steady increase from ~20 million in 2015
• EV adoption: Rapid growth—over 200,000 EVs registered by 2020
• Scrappage policy: Government incentives for retiring older diesel vehicles

Major Manufacturers

Domestic giants dominate the market:

• Hyundai Motor Group (Hyundai, Kia, Genesis)
• KG Mobility (formerly SsangYong)
• GM Korea (Chevrolet, mostly domestic production)
• Renault Korea Motors (formerly Renault Samsung)

Data Source

KAMA (Korea Automobile Manufacturers Association) is the industry's primary statistical authority. For the latest figures, consult their monthly registration reports or the Ministry of Land, Infrastructure and Transport (MOLIT) statistics.