If you are a foreign resident in South Korea, understanding how vehicle rental, purchase, and resale work is essential for comfortable daily living. This guide outlines the practical options available to foreigners, from short-term rentals to buying and selling a car during your stay.
Renting a Car in Korea
Car rental is a flexible option for short- to mid-term stays. Both international and Korean rental companies offer English-language support.
Typical requirements include:
- A valid International Driving Permit (IDP) or Korean driver’s license
- Passport and Alien Registration Card (ARC)
- Credit card for deposit
Rental terms vary depending on vehicle type, duration, and insurance coverage. Always review mileage limits and insurance details before confirming a contract.
Buying a Car in Korea
For longer stays, purchasing a vehicle may be more cost-effective than long-term rental.
Foreigners can purchase both new and used vehicles, provided they have:
- A valid ARC
- A driver’s license (Korean or IDP)
- Proof of residence
- A Korean bank account
After purchase, vehicle registration and mandatory insurance are required before driving.
Selling a Car Before Leaving Korea
Before departure, vehicles must be sold or transferred properly to avoid legal or financial issues.
Common selling options include:
- Selling to a used car dealer
- Listing the vehicle on online marketplaces
- Trade-in through a dealership
After sale, deregistration at the district office is essential.
For foreign residents, managing a vehicle in Korea is straightforward when handled correctly and in accordance with local regulations.
