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Seoul to Spend 537 bln Won for Traditional Markets

Seoul to Spend 537 bln Won for Traditional Markets

SEOUL, Jan. 16 (Korea Bizwire) — South Korea plans to spend 537 billion won (US$478 million) to help nurture the country’s traditional markets, the government said Wednesday. According to the Ministry for SMEs and Startups, around half of the earmarked budget will be spent to help expand parking space and related facilities in a way [...]

Grab Begins Hyundai Kona EV-based Ride-hailing Service

Grab Begins Hyundai Kona EV-based Ride-hailing Service

SEOUL, Jan. 16 (Korea Bizwire) — Hyundai Motor Co., South Korean’s largest carmaker by sales, said Wednesday that Singapore-based Grab began using its Kona Electric for its ride-hailing service this month. In November, Hyundai Motor and its affiliate Kia Motors Corp. jointly invested US$250 million in the Southeast Asian company for a business partnership in [...]

Would Taxi Paging Application Solve Industry Deadlock?

Would Taxi Paging Application Solve Industry Deadlock?

SEOUL, Jan. 15 (Korea Bizwire) — The taxi industry, which is opposing the introduction of ride-sharing ventures, is trying to innovate by introducing new services such as a taxi paging application and premium taxis. This month, the ‘T-One’ taxi app will launch, which will compete against similar apps from Kakao Corp. and SK Telecom Co. [...]