SEOUL, Jan. 29 (Korea Bizwire) – The advent of “drone taxis” and similar Urban Air Mobility (UAM) solutions brings a futuristic vision of transportation closer to reality. However, these high-tech conveyances must navigate a critical challenge: avoiding collisions with birds, a concern especially vital for passenger safety. This issue has come to the forefront as the government’s [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s Hyundai Motor Co. on Thursday set a 4 to 5 percent growth target for sales this year, as it posted a 29 percent on-year jump in the fourth quarter on high-end models. Net profit for the three months ended Dec. 31 rose to 2.2 trillion won (US$1.6 [...]
SEOUL, Jan. 25 (Korea Bizwire) — President Yoon Suk Yeol vowed Thursday to make sweeping improvements to commuter transport in the Seoul metropolitan area by extending express rail networks and adding new bus lanes and double-decker electric buses. Yoon made the remark during a government-public debate on people’s livelihood issues, the sixth in a series, [...]
SEOUL, Jan. 23 (Korea Bizwire) — The Korea Railroad Corporation (Korail) reported that bags were the most frequently lost items on its trains and at its stations last year. According to a statement from Korail on January 22, a total of 247,225 lost items were reported in 2022, marking a 51.9% increase from the previous year. [...]
SEOUL, Jan. 22 (Korea Bizwire) — Kakao Mobility has updated its taxi platform ‘Kakao T’ to allow users to rent cars on a per-minute basis, moving away from the traditional minimum one-day rental requirement. This new car rental service enables users to receive and return vehicles at different locations in a contactless manner. On January 21, [...]
SEOUL, Jan. 21 (Korea Bizwire) – South Korea’s exports of used passenger cars hit a fresh high last year amid the growing global demand for eco-friendly hybrid models, data showed Sunday. Outbound shipments of used passenger cars reached US$4.44 billion in 2023, soaring 66 percent from a year earlier, according to the data compiled by [...]
SEOUL, Jan. 19 (Korea Bizwire) — GM Korea announced on January 18 that the Chevrolet Trailblazer, a compact sport utility vehicle (SUV), claimed the top spot in passenger car exports from Korea last year. According to the Automotive Industry Trends report from the Korea Automobile and Mobility Industry Association (KAMA), the Trailblazer, including its derivative models, was [...]
SEOUL, Jan. 19 (Korea Bizwire) — The accumulated number of registered vehicles in South Korea rose 1.7 percent in 2023 from a year earlier on strong demand for environmentally friendly models, government data showed Friday. Car registrations came to 25.95 million units as of end-December, up from 25.5 million units a year ago, helped by [...]
SEOUL, Jan. 19 (Korea Bizwire) — Air traffic in South Korea’s territorial airspace jumped 45 percent in 2023 from a year earlier on unleashed pent-up demand for travel following years of the COVID-19 pandemic, the transport ministry said Friday. The number of airplanes that flew over the Korean airspace reached 780,635 last year, up from [...]
SEOUL, Jan. 18 (Korea Bizwire) — Foreign car companies are pushing to introduce more electric vehicle (EV) chargers in South Korea to better compete in the country’s growing EV market segment. BMW Korea, which currently operates 1,119 EV chargers in the country, aims to nearly double the units to around 2,100 within the year. The [...]