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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 [...]

S. Korean Startup PLANA Bets Big on Hybrid eVOTL Aircraft Market

S. Korean Startup PLANA Bets Big on Hybrid eVOTL Aircraft Market

SEOUL, Nov. 7 (Korea Bizwire) — South Korean startup PLANA is betting big on the hybrid-electric vertical take-off and landing (eVTOL) aircraft market and not on all-electric aircraft as they have certain challenges that must be tackled before commercialization, the company’s CEO has said. The head of the country’s sole hybrid eVTOL startup, set up [...]

POSCO International Signs Preliminary Deal with Dutch Firm for Hyperloop Development

POSCO International Signs Preliminary Deal with Dutch Firm for Hyperloop Development

SEOUL, Nov. 1 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an initial deal with a Dutch partner for collaboration in a next-generation transportation system. The agreement with Hardt Hyperloop commits the South Korean company to providing rolled steel to the European Hyperloop Center, an industrial complex under construction in the Netherlands [...]

Car-sharing Industry Expands One-way Car Return Service

Car-sharing Industry Expands One-way Car Return Service

SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s car-sharing industry is expanding one-way car return services that allow users to leave rental cars at their destination instead of having to return them to the location of departure. SOCAR Inc. launched a one-way car return service in ten cities across the country last month. It covers [...]

Self-driving Shuttle Buses Begin Trial in Seoul

Self-driving Shuttle Buses Begin Trial in Seoul

SEOUL, Sept. 27 (Korea Bizwire) — The Seoul Metropolitan Government on Monday began a trial of autonomous driving electric buses in the Cheonggye Stream area. The buses, developed by the autonomous-driving system developer 42dot, come with a panorama glass roof, which covers all the way down the passenger’s waist, to emphasize the openness. The doors [...]

Hyundai Rotem Wins 755.7 bln-won Train Car Order in Egypt

Hyundai Rotem Wins 755.7 bln-won Train Car Order in Egypt

SEOUL, Aug. 25 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Thursday it has received a 755.7 billion-won (US$560 million) order for subway train cars in Egypt. Under the deal signed with Egypt’s National Authority for Tunnels (NAT), Hyundai Rotem will supply subway train cars for the [...]

3 in 10 South Koreans Struggle with Access to Transportation: Data

3 in 10 South Koreans Struggle with Access to Transportation: Data

SEOUL, Aug. 9 (Korea Bizwire) — The number of South Koreans facing difficulties accessing means of transportation, including the disabled, seniors, pregnant women, people with toddlers and children has gone up in recent years, data showed Monday. The Ministry of Land, Infrastructure and Transport reported that there were 15.1 million South Koreans struggling with access [...]