South Korea’s parking crunch worsens as mall fees jump 60% in a year

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  • South Korea’s vehicle registrations reached 26,609,015 by the end of March 2026.
  • Lotte World Mall raised weekend daytime parking to 800 won per 10 minutes.
  • Budongsan Info found 69.3% of 3,022 Seoul complexes had fewer than 1.2 spaces per household.
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