: Deregistration must be completed within one month of scrapping to avoid a 500,000 KRW fine. Important Post-Scrap Steps
: Only required if someone else (a proxy) is handling the scrap process for you.
: Verify they are registered with the Korea Auto Dismantlement Recycling Association (KADRA) . buy scrap cars for cash
: Most authorized yards will tow the vehicle for free and pay you the scrap value (compensation) on the spot or upon arrival at the yard.
: A copy of your Resident Registration Card, Passport, or Alien Registration Card (ARC). : Deregistration must be completed within one month
: Use the cancellation certificate to apply for a prorated refund of your remaining car insurance.
To legally sell or buy a scrap car for cash in South Korea, you must complete specific paperwork to deregister the vehicle and avoid ongoing taxes or penalties. Only (known as Gwanheo ) are legally allowed to process vehicle scrapping and deregistration. Required Documents for Sellers : Most authorized yards will tow the vehicle
: Ensure you receive a Certificate of Car Scrap Takeover ( Pye-cha-jang ).
