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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Oct. 25 (Korea Bizwire) – The base taxi fare in Seoul will rise by 1,000 won (69 US cents) to 4,800 won from February next year in the first hike in four years, the city government said Tuesday. The Seoul Metropolitan Government passed the plan to raise the base rate for mid-sized sedan cabs [...]
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 [...]
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 [...]
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 [...]
SEOUL, July 12 (Korea Bizwire) — A new service that predicts traffic jams on major roads in Seoul will begin later this year. The Seoul Facilities Corp. said it will begin a big data-based traffic jam prediction system in November. The prediction system will cover eight major roads including the Gangbyeon Northern Highway, Olympic-daero and 12 other major [...]