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Tesla Begins Receiving Orders for Model S Electric Car Ahead of Launch

Tesla Begins Receiving Orders for Model S Electric Car Ahead of Launch

SEOUL, Feb. 23 (Korea Bizwire) – U.S. electric carmaker Tesla Motors has begun receiving orders for its luxury Model S electric vehicle that is expected to be officially launched in South Korea in May, market sources said Thursday.  According to the sources, Tesla Korea, the local distributor of the car, recently informed local customers who [...]

Disappointing R&D Spending in Korean Connected Car Industry

Disappointing R&D Spending in Korean Connected Car Industry

SEOUL, Feb. 20 (Korea Bizwire) – A study by the Institute for Information & Communications Technology Promotion revealed Monday that 51 connected car companies in Korea spend a disappointing average of 980 million won ($854,148) on research and development each year.  The figure is 2.7 percent of average sales revenue estimated at 36.37 billion won, [...]