SEOUL, Jan. 9 (Korea Bizwire) — Registrations of diesel vehicles in South Korea fell below 100,000 for the first time last year, underscoring the rapid retreat of a powertrain that once dominated the market as the country accelerates its shift toward low-carbon transportation. According to data released Wednesday by Kaiz You Data Research Institute, a total [...]
SEOUL, Nov. 15 (Korea Bizwire) — Diesel vehicles are losing ground due to the rising popularity of eco-friendly vehicles and a hike in diesel prices. The number of new diesel cars registered in the domestic market between January and October of this year stood at 288,888 units, down 21.6 percent year on year, according to [...]
SEOUL, Sept. 19 (Korea Bizwire) – The government decided to extend subsidies for diesel vehicle drivers until the end of this year to help ease their burden from high fuel costs, Finance Minister Choo Kyung-ho said Monday. In May, the government began implementing the subsidy scheme for cargo truck drivers and others using diesel vehicles [...]
SEOUL, May 30 (Korea Bizwire) — The government will provide more subsidies to cargo truck drivers and others using diesel vehicles as part of efforts to ease their burden from rising fuel costs, the transport ministry said Monday. The average retail price of diesel in South Korea soared to over 2,000 won (US$1.59) per liter [...]
SEOUL, April 11 (Korea Bizwire) — Diesel cars are gradually being sidelined as electric vehicles (EVs) and other eco-friendly vehicles are gaining popularity and the price of diesel continues to skyrocket after the breakout of the war in Ukraine. Opinet, an oil prices information provider operated by the state-run Korea National Oil Corp., reported that [...]
SEOUL, Jan. 20 (Korea Bizwire) — Diesel-powered vehicles, which once led the imported cars market in South Korea, are now being increasingly replaced by electric vehicles (EVs) or other eco-friendly vehicles. Carisyou Data Lab reported that among 286,722 imported cars sold last year, 52,318 (18 percent) were diesel cars. It is the first time in [...]
SEOUL, Nov. 3 (Korea Bizwire) — The government will seek punitive measures against South Korean units of Mercedes-Benz and Stellantis for manipulating emissions control systems in diesel vehicles, officials said Wednesday. The Ministry of Environment announced Mercedes-Benz Korea and Stellantis Korea were found to have tampered with pollution mitigation devices so they would perform at [...]
SEOUL, Feb. 5 (Korea Bizwire) — Early scrapping of old diesel cars that cannot be fitted with low-emission devices will be subject to higher government compensation. The Ministry of Environment and the Ministry of Economy and Finance introduced a new project for early scrapping of diesel cars with grade 5 emissions on Friday. This year, [...]
SEOUL, July 30 (Korea Bizwire) — The Seoul Metropolitan Government announced Wednesday that the use of diesel cars in the public sector will be suspended by 2025. The measure includes all vehicles used by City Hall and its sub-agencies, as well as district offices. City buses and taxis that require permits from the city are [...]
SEOUL, July 16 (Korea Bizwire) — More than 10,000 aged diesel cars, known as one of the major causes of fine dust, have already been scrapped in Seoul this year, following measures offering subsidies to people scrapping old cars to purchase new ones and banning certain automobiles from being driven in the downtown area. Seoul [...]