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Local Governments Encourage Use of Hydrogen-powered Cars

Local Governments Encourage Use of Hydrogen-powered Cars

  CHANGWON, March 8 (Korea Bizwire) – The Changwon municipal government will launch a series of hydrogen car projects in a bid to promote the use of alternative fuel vehicles, starting with the opening of a hydrogen station tomorrow. Changwon is the latest city in South Korea to join the recent trend of encouraging the use of [...]

Gov’t to Revise Law, Allowing Mirrorless Vehicles

Gov’t to Revise Law, Allowing Mirrorless Vehicles

SEOUL, Nov. 7 (Korea Bizwire) – The South Korean government said Monday that it will soon revise the law on vehicle safety to allow camera monitor systems to replace side and rear view mirrors in cars, reducing greenhouse gas emissions, as well as the possibility of accidents.  A mirrorless vehicle may save up to 10 [...]

S. Korea’s Auto Exports Plunge to 7-Yr Low in Aug.

S. Korea’s Auto Exports Plunge to 7-Yr Low in Aug.

SEJONG, Sept. 13 (Korea Bizwire) – South Korea’s car exports shrank to a seven-year low in August due mainly to contracted global demand and partial strikes at local carmakers, the government said Tuesday.  Outbound shipments of vehicles came to 142,987 units last month, down 18.6 percent from 175,610 units tallied a year earlier, according to [...]

Auto Installment Loans and Leases Goes Up 50%, Due to Imported Cars

Auto Installment Loans and Leases Goes Up 50%, Due to Imported Cars

SEOUL, Oct. 4 (Korea Bizwire) – The higher the demand for imported vehicles has soared up, the much greater the financial size of South Korea’s credit-specialized finance companies (CSFCs) for auto installment loans and facility leasing is for the first half of 2014. According to the report from the Financial Supervisory Service in South Korea, [...]

Tae Jung Technical MFG introduces lighter, stronger aluminum JACK ASS’Y

Tae Jung Technical MFG introduces lighter, stronger aluminum JACK ASS’Y

Tae Jung Technical MFG Co., Ltd. has fulfilled a noteworthy achievement through studies, reducing the weight of JACK ASS’Y, a core item supplied to General Motors. (image credit: Tae Jung Technical MFG Co., Ltd.) CHOUNGJU, Korea, Apr. 10, 2014 (Korea Bizwire) — POSCO Research Institute says, “There are megatrends that continually influence the future auto [...]

New Generation Hyundai i10 Leads the Way in CarBuyer Awards

New Generation Hyundai i10 Leads the Way in CarBuyer Awards

LONDON, UNITED KINGDOM, Jan. 10 (Korea Bizwire) – The New Generation Hyundai i10 city car has been crowned ‘Car of the Year’ by leading car review website, CarBuyer. After scooping the ‘Best City Car’ category, it was awarded the overall title with the judges praising its quality, refinement, style and value. Steve Fowler, Editor-in-Chief, Auto Express and [...]