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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, June 16 (Korea Bizwire) – South Korean carsharing provider Socar’s number of vehicles has exceeded 7,000 for the first time in the industry, the company said yesterday. When Socar launched its service in 2012, the company only had 100 vehicles. From then, the number increased to 400 in 2013, then 1,800 in 2014. After [...]
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 [...]
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, Dec. 8 (Korea Bizwire) – Startup companies voiced opposition Wednesday following recent media reports that the government may impose restrictions on mobile apps offering carpool services. The Korea Startup Forum, representing some 70 startups in the country, released an official statement Wednesday claiming that carpool apps are legitimate business models that do not violate [...]
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, June 21 (Korea Bizwire) – With an increasing number of consumers who have grown more careful and rational in their spending, newly-built apartments are offering various common facilities and services to reduce consumer burdens and maximize convenience. Hyundai Engineering & Construction has implemented a car-sharing service at its latest apartment complex, Hill State Dongtan, [...]