Opinion on car ownership and its future South Korea 2020
In a survey carried out in South Korea in 2020 about automobiles, 77.7 percent of respondents thought that cars were 'used' not 'owned'. Respondents overall leaned towards the idea that personal ownership would decrease in the future, with rentals or leases taking over the market. According to the source, the low initial costs were the largest factor for respondents interested in renting or leasing a car.