South Korea to have self-driving cars on the road by 2020. Image source: HyundaiA South Korean says the country could have self-driving cars on the road by 2020. The country will develop sensors and other autonomous technology and also work on reducing regulations to make way for driverless cars.

Presidential spokesman Min Kyung-wook is quoted as saying that autonomous vehicles could account for 75% of the global car market by 2030.

“We should step up efforts for the development of the unmanned vehicle industry,” President Park Geun-hye is quoted as telling an audience in the city of Daejeon. She added that as the world’s fifth-largest automobile producer, South Korea has the technology to develop unmanned vehicles.

Hyundai Motor Co. and Kia Motors Corp. are both based in South Korea.