SEOUL, May 11 (Korea Bizwire) — South Korean car rental firms are enjoying an unexpected boom, benefiting from the supply shortage of new cars resulting from the semiconductor chip crisis. Lotte Rental Co., the No. 1 player in the nation’s car rental market, reported record first-quarter results, posting sales of 648 billion won (US$507 million) [...]
SEOUL, Apr. 11 (Korea Bizwire) — The National Human Rights Commission of Korea (NHRCK) announced on Wednesday that it is discrimination to refuse to rent a car to a hearing-impaired individual, and recommended that car rental companies establish measures to prevent a recurrence of this type of situation. Furthermore, it advised the Ministry of Land, [...]
SEOUL, Aug. 28 (Korea Bizwire) — SK Networks Co. unveiled a new business operation dubbed “Mobility Bank” aimed at providing free commercial vehicle rentals to companies that cannot afford to rent their own. SK Networks is planning to lend 50 of its Damas vehicles (produced by GM Korea) for free to companies lacking corporate vehicles [...]
SEOUL, Jun. 18 (Korea Bizwire) — A recent survey has revealed that South Koreans rent more cars in Guam than in any other foreign destination, with mid-sized sedans the most popular rentals. This was according to Skyscanner, a price comparison travel website, which compared the data of 15 overseas destinations between May 1 of last [...]
SEOUL, Dec. 9 (Korea Bizwire) – Korean car-sharing services are evolving to better meet changing demand. SK Rent-A-Car, a local car rental service operator, recently decided to offer a car-sharing service to its corporate clients, allowing them to share rented corporate vehicles with all of their employees. This idea of “re-sharing” is unlike conventional car-sharing [...]
SEOUL, Nov. 17 (Korea Bizwire) – Electric vehicles (EVs) are expected to get wider distribution through rental and car sharing services, bolstered by a government-industry agreement, auto business officials said Thursday. The Environment Ministry and car rental companies struck a pact Wednesday to promote the use of eco-friendly vehicles. The rental firms will provide contracts [...]
SEOUL, May 23 (Korea Bizwire) – Car rental and used cars businesses have been starting to actively promote LPG cars as an alternative to diesel cars ever since diesel cars, most popular for their affordability, were recently identified as one of the main causes of air pollution. Until recently, use of LPG cars was limited to only taxi [...]