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Busan to Introduce Portable Electric Car Chargers at Apartment Complexes

Busan to Introduce Portable Electric Car Chargers at Apartment Complexes

SEOUL, Jun. 22 (Korea Bizwire) — Busan Metropolitan City is set to introduce a portable electric vehicle charging system at local apartment buildings and complexes as part of efforts to encourage the use of alternative fuel vehicles. The latest move by the Busan government to sign a memorandum of understanding with local representatives of residential [...]

Yongin City Announces Additional Further Push for Electric Cars

Yongin City Announces Additional Further Push for Electric Cars

SEOUL, Jun. 19 (Korea Bizwire) — Amid growing public interest and demand for more eco-friendly and energy-saving electric alternatives, the city government of Yongin is ramping up its financial support for renewable energy enthusiasts in an effort to broaden the use of electric cars in the region. According to the city government, an overwhelming number [...]

Hyundai, Kia Develop Smart Production Process Technology

Hyundai, Kia Develop Smart Production Process Technology

SEOUL, June 16 (Korea Bizwire) – South Korean automobile manufacturers Hyundai and Kia have revealed a new automatic control technology which will be used to look over manufacturing processes at their factories around the world in real time. The car makers, which have operated as sister companies since Hyundai purchased 51 percent of Kia’s shares [...]

Electric Vehicle Market on the Rise in South Korea

Electric Vehicle Market on the Rise in South Korea

SEOUL, Jun. 15 (Korea Bizwire) — Sales of electric cars in South Korea have grown sevenfold in the past year, as growing public interest is seeing more consumers trade in their gas-guzzlers to instead opt for more eco-friendly and energy-saving alternatives. According to data from the Ministry of Land, Infrastructure and Transport and the Korea Automobile [...]

Automakers Poised to Wage War over Small SUVs

Automakers Poised to Wage War over Small SUVs

SEOUL, Jun. 15 (Korea Bizwire) — Automakers in South Korea are expected to vie fiercely for a bigger slice of the market for subcompact sport utility vehicles (SUVs) following Hyundai Motor Co.’s entry into the fast-growing segment, analysts said Wednesday. In an extravagant rollout in Seoul, South Korea’s leading automaker Hyundai unveiled its first subcompact [...]

Number of Import Vehicles in Corporate Car Fleet Falls to Record-low Levels

Number of Import Vehicles in Corporate Car Fleet Falls to Record-low Levels

SEOUL, Jun. 12 (Korea Bizwire) — The number of imported vehicles in South Korea’s corporate car fleet has fallen to record-low levels this year after the government enforced stricter rules on non-business use, industry data showed Sunday. According to data provided by the Korea Automobile Importers and Distributors Association (KAIDA), the percentage of imported cars [...]

Hyundai Mobis Opens Proving Ground to Test New Parts, Technology

Hyundai Mobis Opens Proving Ground to Test New Parts, Technology

SEOUL, Jun. 12 (Yonhap) — Hyundai Mobis Co., one of South Korea’s largest auto component manufacturers, said Sunday that it has opened its first domestic proving ground that will allow it to better test parts and related technologies. The company, an affiliate of Hyundai Motor Group, said it invested about 300 billion won (US$266 million) [...]