JEJU, July 18 (Korea Bizwire) — The number of tourists visiting the southern resort island of Jeju attempting to cut costs by taking car ferries and bringing their vehicles to the island is growing amid sharp increases in the price of plane tickets and rental cars. According to the Jeju Tourism Association, the number of [...]
SEOUL, June 22 (Korea Bizwire) — As a shortage of oil in recent months continues to push gasoline and diesel prices higher, more people are leaving their cars behind during rush hour. A 26-year-old office worker surnamed Kim, recently decided to push back his shift by one hour to ride Seoul Metro’s Line 4 to [...]
SEOUL, June 10 (Korea Bizwire) — As new cars are experiencing shipping delays due to semiconductor shortages, there are concerns that the recent cargo truckers’ strike will exacerbate the delay. Industry sources said that the chip shortage has left South Korean consumers with wait times of at least one year for new Korean-made vehicles. Buyers [...]
SEOUL, May 17 (Korea Bizwire) — Due to the aftereffect of the COVID-19 pandemic, South Koreans are increasingly showing preference toward spending time alone not only at home but also in their cars, a major credit card company said Monday. According to Shinhan Card Co.’s analysis of its card users, the use of driving schools [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s car exports grew 12.4 percent in April from the previous year on the back of global popularity of eco-friendly cars, data showed Monday. Outbound shipments of automobiles stood at 196,780 units last month, compared with 175,015 units a year earlier, according to the data from the Ministry [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s exports of autos declined for the first time in seven quarters in the January-March period amid global supply chain disruptions and Russia’s war with Ukraine, customs data showed Thursday. The country’s outbound shipments of cars came to US$10.93 billion in the first quarter, down 0.6 percent from [...]
SEOUL, April 15 (Korea Bizwire) — South Korea’s car exports fell 7.7 percent in March due mainly to the continued shortage of automotive chips and supply disruptions of car parts in China amid the COVID-19 pandemic, data showed Friday. Outbound shipments of automobiles stood at 179,630 units last month, compared with 194,562 units a year [...]
SEOUL, April 11 (Korea Bizwire) — Automotive sales channels that have been limited to offline dealers are now expanding towards retail industries, including large discount stores and online malls, amid a shift in the automotive retail paradigm. Large discount store chains E-Mart Inc. and Homeplus Co. each set up a showroom for Hyundai Motor Co.’s [...]
SEOUL, March 28 (Korea Bizwire) — Registered electric vehicles (EVs) in South Korea now account for close to 1 percent of all automobiles in the country, data showed Sunday, thanks to growing interest in eco-friendly cars, as well as generous government subsidies. The Ministry of Land, Infrastructure and Transport reported that among the more than 25 [...]
SEOUL, March 17 (Korea Bizwire) — A recent survey showed that South Koreans intending to buy automobiles this year tend are primarily considering sport utility vehicles (SUVs) and hybrid cars. Local used car dealer Encar.com conducted a survey of 3,427 consumers, of which 71.4 percent said they were planning to buy a car this year. Among [...]