SEOUL, Sept. 6 (Korea Bizwire) — Safety management in car-sharing services, which offer non-face-to-face vehicle rentals, is substandard, leading to ongoing consumer losses such as excessive repair costs, a survey showed Tuesday. According to a survey conducted by the Korea Consumer Agency with 66 vehicles from the nation’s major car-sharing platforms, including Green Car, Socar [...]
SEOUL, July 17 (Korea Bizwire) — As the paradigm of car use shifts from ownership to service, an increasing number of South Korean firms are embracing car-sharing services to minimize costs. Car-sharing platform operator SOCAR Inc. has established some 4,800 SOCAR zones nationwide and deployed around 20,000 vehicles. This allows companies to utilize these vehicles [...]
SEOUL, April 11 (Korea Bizwire) – South Korea’s largest car-sharing and mobility service provider SOCAR Inc. said Monday that the use of its Commuter Pass subscriptions, designed for office workers, grew robustly by about 50 percent from November last year to March of this year. The Commuter Pass is a program that provides users with access to SOCAR [...]
SEOUL, Jan. 16 (Korea Bizwire) — An increasing number of cases involving unlicensed drivers stealing another person’s license to drive shared cars is calling for an effective solution. Car-sharing services that allow drivers to rent cars via smartphone apps are convenient to use, but have the risk of allowing juveniles and unlicensed drivers access to [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s car-sharing industry is expanding one-way car return services that allow users to leave rental cars at their destination instead of having to return them to the location of departure. SOCAR Inc. launched a one-way car return service in ten cities across the country last month. It covers [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s largest car-sharing and mobility service provider SOCAR Inc. on Wednesday said that its planned initial public offering (IPO) will be successful despite unfavorable market conditions. SOCAR, established in 2011, is seeking to make a market debut later this month after going through IPO subscription Thursday and Friday [...]
SEOUL, Dec. 9 (Korea Bizwire) — SoCar, a South Korean car-sharing company, said Thursday it aims to launch an integrated mobility services that connects all transit options in one app next year. The envisioned “super app” will allow users to find multiple modes of transit, such as car-sharing, buses, trains, and electric bikes, to reach [...]
SEOUL, Oct. 17 (Korea Bizwire) — Car-sharing businesses are suffering from massive financial losses due to careless users. Car-sharing vehicles owned by SOCAR Inc., a car-sharing service provider, last no more than three years on average, a mere 20 percent of the average lifespan of automobiles in South Korea. Smaller car-sharing platforms have a vehicle [...]
SEOUL, July 29 (Korea Bizwire) — Renault Samsung Motors Corp., the South Korean unit of French automaker Renault S.A., said Tuesday its liquefied petroleum gas-powered QM6 SUV will be used for the platform established to offer car-sharing services by hiring hearing-impaired drivers. Goyohan (meaning “silent” in Korean) Mobility, established by a local startup Coactus Ltd., [...]
SEOUL, April 22 (Korea Bizwire) — Nanum Car, a car-sharing service offered by the Seoul Metropolitan Government, is expanding the scope of its service to make vehicles more accessible to those who wish to use them. The city announced Tuesday that it plans to roll out its car sharing service in neighborhoods across the city. [...]