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Chauffeurs Join Taxi Drivers to Oppose Kakao’s Carpooling Service

Chauffeurs Join Taxi Drivers to Oppose Kakao’s Carpooling Service

SEOUL, Dec. 21 (Korea Bizwire) — Chauffeur service drivers in South Korea are raising their voices against Kakao Corp.’s new carpooling service. The National Chauffeurs Labor Union and the National Chauffeurs Cooperative held a press conference in Seoul on Thursday, condemning Kakao for “threatening the lives of chauffeurs and taxi drivers,” and the South Korean [...]

South Korean Rotaries to be Replaced with Roundabouts

South Korean Rotaries to be Replaced with Roundabouts

SEOUL, Oct. 24 (Korea Bizwire) — The Ministry of the Interior and Safety announced on Tuesday that rotaries, otherwise known as traffic circles, will be replaced with roundabouts. Rotaries and roundabouts are circular intersections that differ on how cars pass through them. Rotaries give priority to entering traffic, and stop lines are sometimes drawn inside [...]

Growth in S. Korea’s Car Insurance Market Slows in 2017

Growth in S. Korea’s Car Insurance Market Slows in 2017

SEOUL, Apr. 18 (Korea Bizwire) — Growth in South Korea’s auto insurance market slowed last year due to intensifying competition and lower premiums, data showed Wednesday. The car insurance market grew 2.7 percent on-year to 16.8 trillion won (US$15.7 billion) in 2017, according to the data by the Financial Supervisory Service. The figure contrasts with [...]