Cars Archives | Be Korea-savvy
Car-sharing Businesses Suffer from Careless Customers

Car-sharing Businesses Suffer from Careless Customers

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 [...]

Sales of SUVs, Gasoline Cars Rise in 2019 Korean Auto Market

Sales of SUVs, Gasoline Cars Rise in 2019 Korean Auto Market

SEOUL, March 10 (Korea Bizwire) — Sales of sport utility vehicles (SUVs) and gasoline-powered vehicles posted solid growth in South Korea last year, industry data showed Tuesday, although the country’s auto market contracted for the second consecutive year. Nearly 1.8 million vehicles were registered in South Korea last year, down 1.8 percent from a year [...]

S. Korean Version of Lemon Laws to Go into Effect Next Year

S. Korean Version of Lemon Laws to Go into Effect Next Year

SEOUL, Nov. 12 (Korea Bizwire) — The South Korean version of U.S. lemon laws is set to go into effect next year as the government moves to strengthen consumers’ rights, the transport ministry said Monday. Under the lemon laws in the United States, those who purchase cars and other consumer goods that repeatedly fail to [...]

Cars in Motion Checked for Illegal Emissions via Remote Device

Cars in Motion Checked for Illegal Emissions via Remote Device

CHANGWON, Aug. 27 (Korea Bizwire) — The government of South Gyeongsang Province announced on Saturday that it will be using remote sensing devices (RSD) to verify vehicle emissions in an effort to help improve air quality in the province as public concern over air pollution continues to grow. With the help of the Korea Environment [...]

Home Appliances, Cars from China Dominating N. Korea

Home Appliances, Cars from China Dominating N. Korea

BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday.  The North imported US$75.04 million worth of LCD TVs from [...]