SEOUL, Dec. 26 (Korea Bizwire) – A new policy that allows passengers to reboard Seoul subways within 15 minutes after using the restroom or for other reasons has emerged as the most popular proposal by a Seoul city government official this year. The Seoul Metropolitan Government revealed on December 25 that the proposal topped the ‘Creative [...]
SEOUL, Dec. 25 (Korea Bizwire) – The average unit price of South Korean car exports is expected to hit an all-time high in 2023 thanks to stellar overseas demand for sport utility vehicles (SUVs) and electric vehicles (EVs), industry data showed Monday. In the first 11 months of this year, South Korea exported a total [...]
SEOUL, Dec. 24 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles surged 32.5 percent on-year to a record high during the first 11 months of this year on solid global demand for electric vehicles (EVs), data showed Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the January-November period, compared with [...]
SEOUL, Dec. 22 (Korea Bizwire) – 42dot, Hyundai Motor Group’s global software research startup, plans to showcase its vision of software-defined vehicles (SDV) and related technologies at next month’s CES 2024, the company said Friday. 42dot said it plans to unveil its advanced SDV technology focusing on data and artificial intelligence (AI) that can operate [...]
SEOUL, Dec. 21 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading car maker, has decided to end operations of its parts forging plants in Ulsan, according to industry sources Thursday. The company plans to end operations of two forging plants in Ulsan, about 300 kilometers southeast of Seoul, with one closing in January and [...]
SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Thursday it will reveal its future blueprint for hydrogen energy, software and artificial intelligence at next month’s CES 2024. Hyundai Motor shared a teaser image for its media event scheduled to be held Jan. 8 at the Mandalay Bay Convention Center [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korea’s industry ministry held talks with business officials on Thursday to explore ways to address France’s subsidy policy for electric vehicles (EVs), which excluded models with high carbon emissions in the entire process including shipping. The discussion came after the list of EVs eligible to win subsidies in [...]
SEOUL, Dec. 19 (Korea Bizwire) — The Seoul city government said Tuesday it will launch an all-inclusive monthly transit pass service starting next month, offering unlimited access to the city’s subway and buses at a fixed price of 62,000 won (US$47.36). The Climate Card, set to debut on Jan. 27, will be the first in the country to offer an eco-friendly transit pass [...]
SEOUL, Dec. 19 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, said Tuesday it decided to sell its Russian manufacturing plant, which has been suspended due to the impact of the Russia-Ukraine war. The company said in a regulatory filing that the sale of Hyundai Motor Manufacturing Rus LLC in Saint Petersburg, Russia, was approved in an extraordinary board meeting held earlier in the day. The board also decided to sell General Motors [...]
SEOUL, Dec. 19 (Korea Bizwire) — The startups ministry said Tuesday it will ask the antitrust regulator to file a complaint with the prosecution against Kakao Mobility Corp., the operator of the country’s top taxi-hailing service, on charges of unfair business practices. Kakao Mobility is suspected of manipulating its algorithm to give more of the calls received on its mobile taxi application to cabs under [...]