South Korea camper sales drop 81% as pandemic bubble deflates

New registrations of campers and caravans in South Korea fell from 7,300 units in 2021 to 1,361 last year, a decline of 81.4%. The market value shrank from 347.2 billion won to 76.4 billion won, down 78.0%. The camping population remains at 6–7 million, but consumers are buying fewer new vehicles, opting instead for tents and glamping. The launch of electric platforms such as the Kia PV5 and Hyundai ST1 is expected to stimulate demand.