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SK Telecom to Develop Autonomous Public Transportation System

SK Telecom to Develop Autonomous Public Transportation System

SEOUL, May 25 (Korea Bizwire) — SK Telecom Co. said Friday it will participate in a government-led project to develop a public transportation system based on self-driving automobile technology. The 35.9-billion-won (US$33.2 million) project, spearheaded by the Ministry of Land, Infrastructure and Transport, is aimed at conducting detailed research on the country’s public transportation system [...]

Hyundai to Up Stake in U.S. Wireless Tech Firm

Hyundai to Up Stake in U.S. Wireless Tech Firm

SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand its investment in U.S. wireless technology company Metawave for an improved partnership on autonomous vehicles. Hyundai Motor made an initial investment in Metawave last year in a bid to jointly develop cutting-edge radar technology for autonomous vehicles. This year, it will [...]

Upstream Security Revs Up Cloud-Based Cybersecurity for Connected and Autonomous Car Fleets with $9M Series A

Upstream Security Revs Up Cloud-Based Cybersecurity for Connected and Autonomous Car Fleets with $9M Series A

HERZLIYA, Israel, Dec. 13 (Korea Bizwire) — Upstream Security, pioneer of the cloud-based cybersecurity platform for connected cars and autonomous vehicles, today announced the closing of $9 million in Series A funding, led by CRV (Charles River Ventures). The round included expanded investments from Israeli-based Glilot Capital Partners and Maniv Mobility. Following a $2 million [...]

S. Korea Partially Opens Test Bed Road for Autonomous Vehicles

S. Korea Partially Opens Test Bed Road for Autonomous Vehicles

SEJONG, Nov. 6 (Yonhap) — South Korea will open a test bed road for self-driving cars to allow companies and researchers to check their cars in a real road environment, the transport ministry said Monday. The 320,000 square meter facility, called “K-City,” has been under construction in Hwaseong, Gyeonggi Province with some 11 billion won [...]

Report Says Korea Should Look to UK for Autonomous Car Insurance Model

Report Says Korea Should Look to UK for Autonomous Car Insurance Model

SEOUL, March 20 (Korea Bizwire) – One of the industries that self-driving vehicles will reshape is the insurance sector, and the question of who should take responsibility in the event of an accident is still being debated in several countries, including South Korea, where autonomous vehicles are just starting to be introduced to the market. [...]

Imminent Launch of Autonomous Cars Triggers Liability Debate

Imminent Launch of Autonomous Cars Triggers Liability Debate

SEOUL, Feb. 14 (Korea Bizwire) – The Korean government has announced that it will prepare a new compensation system with the expected commercialization of autonomous cars in 2020, attracting much attention on how authorities will decide who will be liable for car accidents. According to a February 13 statement from the Ministry of Land, Infrastructure, [...]

Seoul Plans Changes for the Self-Driving Era

Seoul Plans Changes for the Self-Driving Era

SEJONG, Feb. 13 Korea Bizwire) – The Ministry of Land, Infrastructure and Transport announced Monday a set of plans for the local automotive industry from 2017 to 2021 to better prepare South Korea for the imminent era of autonomous vehicles. According to the ministry, demand for safer vehicles will only increase given Korea’s rapidly aging [...]

Government Plans to Turn Sejong into “Self-Driving City”

Government Plans to Turn Sejong into “Self-Driving City”

SEJONG, Jan. 10 (Korea Bizwire) – Sejong, South Korea’s de facto administrative capital, will become the world’s first city dedicated to self-driving vehicles.  Lee Choong-jae, administrator for the National Agency for Administrative City Construction, announced Tuesday an ambitious plan to make all 360 kilometers of roads in the city self-driving-compatible by the year 2020, in [...]

S. Korea Set to Introduce Self-Driving Public Bus This Year

S. Korea Set to Introduce Self-Driving Public Bus This Year

SEOUL, Jan. 5 (Korea Bizwire) – South Korea plans to become one of the world’s first countries to put autonomous cars to actual use this year, introducing its first self-driving bus, a government report showed Thursday.  According to the report from the Ministry of Land, Infrastructure and Transport, the government plans to introduce a self-driving [...]