Latest North Jeolla Province News & Updates

South Korean Youth Buying Fewer Cars, Older Age Groups Show Increase

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Seoul, Feb 23 (IANS) The respective rates of new passenger car purchases by South Koreans in their 20s and 30s fell to their lowest levels in a decade last year, industry data showed on Monday.According to the data from auto industry data tracker Carisyou, new car registrations among people in their 20s totalled 61,962 in 2025, accounting for 5.6 percent of all new cars registered last year, reports Yonhap news agency.The share of new car registrations by those in their 20s stood at 8.8 percent …