SEOUL, Nov. 10 (Korea Bizwire) — A growing number of Koreans are using shared mobility vehicles such as cars or kickboards as consumers are changing their views about ownership.
Hyundai Card Co., a leading credit card issuer in South Korea, announced Monday that there had been 1.7 million transactions for shared mobility vehicles this year as of October with an aggregate value of 1.93 billion won (US$17.3 million).
The company expects that transactions for shared mobility vehicles will reach 2 million and an aggregate value as high as 2.35 billion won by the end of this year.
This year’s anticipated number of transactions and total value have both jumped compared to 2017 (643,200 transactions, 1.11 billion won).
While people in their 20s account for the majority of all shared mobility users, an increasing number of those in their 50s and 60s are also beginning to use shared mobility services.
This year’s rate of transaction increase for shared mobility services, compared to 2017, was 515 percent for people in their 50s and 656 percent for those in their 60s, surpassing the 20-somethings age group (145 percent) as well as those in their 30s (261 percent).
An increasing number of consumers are beginning to perceive that means of transportation are not something to own, but something that can be shared.
Hyundai Card conducted a survey of 1,000 men and women who were shared-mobility users, 53 percent of whom believed that owning a means of transportation is unnecessary, a significant jump from 38 percent two years ago.
Image Credit: Yonhap / Korea Maritime and Ocean University / photonews@koreabizwire.com
