SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s science ministry said Thursday it aims to launch a full-fledged space agency in May, with the nation seeking to join the ranks of advanced nations of spaceflight. The planned launch of the Korea AeroSpace Administration (KASA), which came as the National Assembly passed a set of bills [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s air traffic recovered to over 80 percent of pre-pandemic levels last year on unleashed pent-up demand for travel following years of COVID-19 virus curbs, the transport ministry said Thursday. The number of passengers on domestic and international routes exceeded 100 million in 2023, accounting for 81.5 percent [...]
SEOUL, Jan. 10 (Korea Bizwire) – Hyundai Motor Group has unveiled the prototype of its new air taxi model at the global technology show CES 2024, company officials said Wednesday, as it steps up efforts to make inroads into the global electric flying taxi market. Supernal, a U.S.-based air taxi unit of Hyundai, showcased the [...]
SEOUL, Jan. 9 (Korea Bizwire) — Seatless subway trains will debut in Seoul this week, the city’s subway operator said Tuesday, as part of efforts to relieve overcrowding during rush hours. Seoul Metro said one carriage on each of the Subway Line 4 trains will run without seating during the morning and evening rush hours, [...]
SEOUL, Jan. 8 (Korea Bizwire) –A recent survey has revealed that nearly half of South Koreans are open to purchasing autonomous vehicles in the future, with younger generations showing less resistance to self-driving technology. The survey, conducted by the Korea Automobile and Mobility Association (KAMA) using the Embrain platform, involved 3,000 individuals aged 14 [...]
SEOUL, Jan. 8 (Korea Bizwire) – Beginning this year, South Korea is embarking on a comprehensive update to its automobile regulations, targeting both safety and environmental concerns. The Korea Automobile and Mobility Association (KAMA) unveiled these new guidelines on January 7, marking a significant shift in the nation’s approach to automotive regulation. In an effort [...]
SEOUL, Jan. 7 (Korea Bizwire) – The transport ministry on Sunday ordered South Korean airlines to conduct safety checks on Boeing 737 Max planes in a preemptive safety measure following an emergency landing of a B737 Max 9 plane in the United States. South Korean carriers do not have the same B737 Max 9 in [...]
SEOUL, Jan. 5 (Korea Bizwire) –According to a CNN report on January 4, a series of social media posts demonstrating car theft methods have contributed to a more than tenfold increase in thefts of certain Hyundai and Kia models in the United States over the past three years. Data from the Highway Loss Data Institute [...]
SEOUL, Jan. 4 (Korea Bizwire) – Samsung Electronics’ Internet of Things (IoT) platform, SmartThings, is set to extend to Hyundai Motor Group’s connected car services, forging a seamless integration between vehicles and homes. Samsung Electronics and Hyundai Motor Group have announced a business partnership to develop Home-to-Car and Car-to-Home services. This collaboration, disclosed on January 4, [...]
SEOUL, Jan. 4 (Korea Bizwire) – BMW Korea overtook Mercedes-Benz Korea to become the leading foreign automobile company in South Korea last year in terms of sales, industry data showed Thursday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number of newly registered BMW models last year reached 77,395 units out of the [...]