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South Korean camper and caravan market plunges 80% in four years

29.07.2026 09:23 1 min 1 source РУС
reviewtimes.co.kr KOR

According to CarChart AI, only 1,361 new camper vehicles (motorhomes and caravans) were registered in South Korea in 2025, an 81.4% drop from the 2021 peak of 7,300 units. Market value based on new purchase prices fell from 347.24 billion won in 2021 to 76.44 billion won in 2025 (a 78% decline). In the first half of 2026, just 397 units worth 24.59 billion won were registered. The downturn is attributed to the end of the pandemic boom, resumption of overseas travel, high interest rates, and inflation. Consumers are shifting to low-cost, minimalist camping. Electric campers based on PBV platforms (Hyundai ST1, Kia PV5) are seen as a potential revival driver, offering high-power appliances without a generator.

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