It is important to register your vehicle upon purchase. The easiest method is to have the car dealership take care of the registration process for you, as car dealerships are required by law to register vehicles upon the purchaser’s request without charging additional fees.
If getting a brand-new car here is burdensome to you, you can choose to purchase a used vehicle from a car dealer or personal seller. In this case, you are required to apply for a registration transfer with help of a car dealer or the previous owner. Unless you don’t register your used vehicle within a specified period of time (15 days for purchase), you would be fined up to KRW500,000.
All foreigners, including residents, military service members, diplomats and consulates, and foreign corporations, qualify for insurance. There are a number of auto insurance coverage plans available for foreigners. The links below will provide you with information in detail.
Name | Tel | Website | Remarks |
---|---|---|---|
AIG General Insurance | 02-2260-6800 | www.aiggeneral.co.kr | service in English available |
Green Fire & Marine Insurance Co. | 1644-0114 | www.green-direct.com | |
LG Insurance | 1544-0114 | www.lginsure.com | |
Samsung Fire Insurance Co. | 1588-5114 | www.samsungfire.com | service in English available |
Hyundai Marine & Fire Insurance Co. | 1588-5656 | www.hi.co.kr |