Tag: South Korea: Vehicle scrappage falls 21% m-o-m in May’25

Slowdown follows surge in scrap demand in Apr’25 Estimated scrap recovery in May also down 21% m-o-m The number of vehicles scrapped in South Korea fell to 64,490 units in May 2025, down about 21% from April’s 81,328 units. This drop is seen as a temporary slowdown, following a surge in scrappage demand in April.…