SEOUL, Aug. 8 (Korea Bizwire) — The government is considering requiring electric vehicle manufacturers to disclose information on car batteries amid an EV scare following a massive fire caused by a Mercedes-Benz vehicle last week, according to sources Thursday. According to the sources, the Ministry of Land, Infrastructure and Transport is reviewing the measures for [...]
SEOUL, Aug. 7 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automotive company, plans to invest US$28 million in Thailand to establish a production facility for electric vehicles (EVs) and batteries, the country’s Board of Investment (BOI) said Wednesday. In a release sent to Yonhap News Agency, the BOI said it approved the investment [...]
SEOUL, Aug. 7 (Korea Bizwire) — The recent electric vehicle fire incidents involving Mercedes-Benz and Kia models could not have come at a worse time for the local automotive industry, which has been eagerly preparing to introduce ambitious new electric models to tackle the so-called EV adoption chasm. While waiting for the official investigation results, [...]
SEOUL, Aug. 6 (Korea Bizwire) – Hankook Tire & Technology Co., the world’s seventh-largest tiremaker by sales, said Tuesday it started supplying tires for the Mercedes-AMG GT Coupe model early this year. Hankook Tire has provided the high-performance Ventus S1 evo Z product for the Mercedes-Benz’s sports car model in the form of original equipment [...]
SEOUL, Aug. 6 (Korea Bizwire) – A recent fire involving a Mercedes-Benz electric vehicle in the underground parking garage of a large apartment complex in Incheon has been traced to a battery manufactured by Farasis Energy, a Chinese electric vehicle battery producer. According to the Ministry of Land, Infrastructure and Transport and industry sources, the battery [...]
SEOUL, Aug. 5 (Korea Bizwire) — An electric Mercedes-Benz sedan had been parked in an underground apartment garage for nearly three days before exploding on its own and catching fire, police officials said Monday. The mysterious fire gutted the parking lot on the first basement level of an apartment building in Incheon, west of Seoul, [...]
SEOUL, Aug. 5 (Korea Bizwire) – South Korea is set to develop an artificial intelligence (AI) video analysis system aimed at preventing railway accidents caused by human error, such as train operator mistakes. The Korea Transportation Safety Authority (KTSA) recently commissioned a research project titled Development of AI-assisted Train Operation Support Technology. This initiative seeks to [...]
SEOUL, Aug. 2 (Korea Bizwire) – A recent survey reveals a generational divide in attitudes towards car ownership in South Korea, with younger adults showing less enthusiasm for purchasing vehicles compared to their older counterparts. According to a study conducted by Embrain Trend Monitor, a market research firm, 74.7% of respondents agreed that cars are essential [...]
SEOUL, Aug. 2 (Korea Bizwire) – In a promising turn for South Korea’s tech industry, the automotive electronics sector is emerging as a steady performer, even as the broader consumer electronics and semiconductor markets show signs of recovery. Samsung Electronics and LG Electronics, two of the country’s largest conglomerates, have seen their automotive divisions transform from hidden [...]
SEJONG, Aug. 2 (Korea Bizwire) – Korean Air, South Korea’s flag carrier, has announced it will no longer offer cup noodles to economy class passengers on long-haul flights. The airline cited an increase in turbulence, attributed to climate change, as the primary reason for this decision, aiming to prevent potential scalding accidents. On August 1, Korean Air [...]