The number of passenger vehicles owned in South Korea totals 20.95 million units. This figure represents the current volume of cars within the country's motor vehicle fleet. While this provides a precise count of vehicles, it is important to distinguish between the total number of vehicles and the exact count of individual Koreans who own a car, as a single owner might possess multiple vehicles.
Vehicle Fleet in South Korea
South Korea's motor vehicle landscape comprises a diverse range of vehicle types. The most recent data highlights the following distribution of owned vehicles:
| Vehicle Type | Number of Units |
|---|---|
| Passenger Vehicles | 20.95 million |
| Trucks | 3.69 million |
| Buses | 724,000 |
Passenger vehicles, which are commonly referred to as cars, constitute the largest segment of this fleet, underscoring their widespread use among the population.
Vehicle Ownership Rate Among the Population
Beyond the sheer number of vehicles, the overall vehicle ownership rate in South Korea provides insight into how many people possess a vehicle. This rate stands at approximately 496 units per 1,000 people. This statistic indicates that nearly half of the Korean population owns a motor vehicle, reflecting a high degree of personal mobility across the nation.
It is crucial to note that this ownership rate encompasses all types of motor vehicles and refers to the proportion of the population that owns a vehicle, rather than providing an exact count of individuals who specifically own a car.
