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S. Korean IT Firms Setting Eyes on Car-sharing Services

S. Korean IT Firms Setting Eyes on Car-sharing Services

SEOUL, Apr. 9 (Korea Bizwire) — South Korea’s IT firms are tapping deeper into the car-sharing industry, market watchers said Sunday, as demand for such services is expected to grow sharply over the upcoming years. According to the data compiled by Navigant Research, the global market for car-sharing services is expected to grow 21.8 percent [...]

SK Holdings, SoCar Launch Car-sharing Business in Malaysia

SK Holdings, SoCar Launch Car-sharing Business in Malaysia

SEOUL, Jan. 26 (Korea Bizwire) — SK Holdings, the holding firm of South Korean energy and telecom conglomerate SK Group, said Thursday it has launched a car-sharing business in Malaysia by joining hands with South Korea’s No. 1 car-sharing startup SoCar. SoCar Malaysia — a joint venture between SK Holdings and SoCar — kicked off [...]

S. Korean Car Sharing Startup Taps Malaysia

S. Korean Car Sharing Startup Taps Malaysia

SEOUL, Jan. 3 (Korea Bizwire) — South Korean car-sharing startup SoCar said Wednesday it will launch its business in Malaysia this month in its first overseas expansion. SoCar, a leading player in the country’s car-sharing industry, is planning to establish 120 zones with 240 automobiles in the Southeast Asian country, it said. Members who sign [...]

Young People’s Auto Purchase Dips on Budget, Car Sharing: Data

Young People’s Auto Purchase Dips on Budget, Car Sharing: Data

SEOUL, Sept. 14 (Korea Bizwire) — Young people in their 20s and 30s here have been buying fewer cars in recent years as they have difficulty finding jobs and car-sharing services here are more appealing to them, industry data showed Thursday. Those in their 30s bought a total of 144,360 vehicles in the first six [...]

Government to Impose Stricter Identity Verification on Car Sharing Services

Government to Impose Stricter Identity Verification on Car Sharing Services

SEOUL, Sept. 1 (Korea Bizwire) — Following a car accident last year involving a high school student who was driving a car he rented through his father’s car sharing service account, the South Korean government announced plans to introduce stricter security measures to prevent similar incidents on Friday. The case of a rented Kia K5 smashing [...]

Korail to Launch Car Sharing Service in Connection with KTX

Korail to Launch Car Sharing Service in Connection with KTX

DAEJEON, Aug. 31 (Korea Bizwire) — Korail is introducing a new car sharing service catering to those traveling on the company’s high-speed KTX trains, beginning Friday at 15 stations including Seoul Station. Dubbed ‘KTX-Deal Car’, the collaboration between Korail and Hyundai Capital allows Korail passengers to rent a car from the nearest pick-up point, primarily parking [...]

Gwangju Begins S. Korea’s First Hydrogen Car Sharing Program

Gwangju Begins S. Korea’s First Hydrogen Car Sharing Program

SEOUL, March 6 (Korea Bizwire) – The southern city of Gwangju will launch South Korea’s first hydrogen car sharing program, the government said Sunday.  The environment ministry said the city 329 kilometers south of Seoul has been tapped as a testbed for the car-sharing endeavor, aimed at improving public awareness of the eco-friendly vehicles. An [...]

Car-Sharing Evolves into “Re-Sharing”

Car-Sharing Evolves into “Re-Sharing”

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 [...]