SEOUL, Oct. 31 (Korea Bizwire) – New car registrations in South Korea have fallen to their lowest level in 11 years during the first three quarters of 2024, according to data released by the Korea Automobile Mobility & Industry Association (KAMA) on October 30. Total new vehicle registrations for January through September reached 1,209,154 units, marking [...]
ULSAN, May 15 (Korea Bizwire) — The Ulsan Metropolitan Government said Sunday it has been selected by the Ministry of Trade, Industry and Energy for a project aimed at ensuring the performance and safety of primary components for electric and hydrogen cars. This project facilitates collaboration between local governments specializing in hydrogen and electric vehicle [...]
SEOUL, Oct. 6 (Korea Bizwire) — The number of new cars registered last month in South Korea was higher than a year ago thanks to the easing of the disruption in automobile chip supplies. According to CarIsYou Data Research Center, 141,640 new cars were registered in September, up 17.9 percent year on year and 6 [...]
SEOUL, April 7 (Korea Bizwire) — South Korea’s domestic car sales hit a five-year low last year, but the average selling price of new models reached an all-time high, data showed Wednesday. Last year’s domestic auto sales amounted to 1,735,000 units, down 9 percent from a year ago and equivalent to 90 percent of the average [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s auto exports sank 21.4 percent on-year in 2020 as the new coronavirus pandemic disrupted global supply chains and sapped demand, data showed on Thursday. The country’s shipments of cars reached 1.89 million units last year, compared with 2.4 million units posted in 2019, according to the data [...]
BUSAN, June 29 (Korea Bizwire) — A dog was rescued by an animal protection agency after spending one year locked up inside a car at a local parking lot. The Coexistence of Animal Rights on Earth (CARE), an animal protection agency, announced Saturday that a dog was placed under its protection after the agency received [...]
SEOUL, May 7 (Korea Bizwire) — Outdoor activities are on the rise as the coronavirus outbreak stabilizes in South Korea, but products that help people minimize contact with others are still gaining popularity. WeMakePrice Inc., a local open market operator, said Wednesday that sales of camping gear designed to help people to sleep in their [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s car sales plunged 48 percent last month from a year earlier as the spreading coronavirus outbreak continued to affect vehicle production and sales, data showed on Wednesday. The country’s five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong [...]
DAEJEON, Nov. 12 (Korea Bizwire) — A team of South Korean researchers has developed an in-car voice assistant based on artificial intelligence (AI) communication technology that avoids initiating conversation with the driver when it is determined that it would be a distraction. The Korea Advanced Institute of Science and Technology said Monday that a research [...]
SEOUL, Jul. 19 (Korea Bizwire) — A tax imposed on new car owners known as the special consumption tax will be lowered temporarily until the end of the year starting with car purchases made today. For example, consumers who buy a mid-sized sedan for 20 million won will be paying 430,000 won less tax due [...]