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Archive by category Mobility

Waiting Time for Delivery of Cars Drops amid Easing of Chip Shortage

Waiting Time for Delivery of Cars Drops amid Easing of Chip Shortage

SEOUL, Dec. 2 (Korea Bizwire) — The waiting time for the delivery of domestically-made vehicles has dropped significantly thanks to the gradual easing of the chip shortage that disrupted carmakers starting last year. According to Yonhap News Agency’s analysis on Hyundai Motor Co. and its independent Genesis brand’s table of expected delivery time by model, [...]

Truckers’ Strike Cripples Shipments in Cement, Steel Industries

Truckers’ Strike Cripples Shipments in Cement, Steel Industries

SEOUL, Nov. 25 (Korea Bizwire) – The nationwide strike by truck drivers caused supply disruptions across the cement and steel industries on Friday, with other sectors like auto and petrochemicals feared to bear the brunt if the protest prolongs. Cement factories were unable to ship most of the daily supply of 200,000 tons the previous [...]

Local Businesses Join Hands to Create Connected Car Ecosystem

Local Businesses Join Hands to Create Connected Car Ecosystem

SEOUL, Nov. 25 (Korea Bizwire) — A variety of South Korean businesses, including those specializing in automobiles, self-driving technology, semiconductors for automobiles, and telecommunications software will unite forces to create a connected car ecosystem. The Ministry of Trade, Industry and Energy announced that it hosted an inauguration ceremony for the Connected Car Alliance in Yeouido, [...]

Air Busan Launches Eco-friendly Flight

Air Busan Launches Eco-friendly Flight

SEOUL, Nov. 25 (Korea Bizwire) — Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Thursday it has launched eco-friendly flight initiatives, including the deployment of aircraft mounted with highly efficient new engines. The company announced that the BX 747 flight from Incheon to Bangkok will be operated under the eco-friendly theme [...]

Mercedes-Benz Financial Services Korea Criticized for Predatory Lending Practices

Mercedes-Benz Financial Services Korea Criticized for Predatory Lending Practices

SEOUL, Nov. 24 (Korea Bizwire) — Mercedes-Benz Financial Services Korea (MBFSK), the South Korean unit of Mercedes-Benz Group AG’s financial and mobility services division, is being criticized for predatory lending practices. It has been pointed out that MBFSK is offering high-interest-rate loans to new customers after borrowing at low interest rates from its German headquarters. [...]