SEOUL, July 21 (Korea Bizwire) — LG Electronics Inc. said Wednesday it plans to switch all of its company cars to environmentally friendly vehicles by 2030, joining South Korea’s efforts to reduce emissions of greenhouse gases largely responsible for global warming. The home appliances maker said it would change 90 percent of its company cars [...]
SEOUL, May 11 (Korea Bizwire) — South Korea said Tuesday eco-friendly cars, including electric models, accounted for 71 percent of the total vehicles purchased by public organizations last year, as the country continued its efforts to go carbon neutral by 2050. The country’s 609 public organizations purchased 7,736 automobiles in 2020, of which 5,494 were [...]
SEOUL, April 27 (Korea Bizwire) — Public organizations will have to choose only eco-friendly cars when purchasing new automobiles, in line with the country’s green energy drive, the industry ministry said Tuesday. “In order to speed up the transition, it is necessary to create new demands,” the Ministry of Trade, Industry and Energy said in [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea on Tuesday finalized a five-year plan for the eco-friendly auto industry, which includes expanding exports of such automobiles by threefold by 2025. The country’s exports of eco-friendly cars, which includes electric and hydrogen fuel cell models, will reach 830,000 units in 2025, significantly rising from 280,000 units [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea said Thursday the accumulated number of eco-friendly cars running in the country will reach 7.85 million by 2030, in line with its vision to go fully carbon-neutral by 2050. The target will mark a sharp rise from 820,000 units tallied in the previous year, according to the [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea said Tuesday it will invest nearly 28 billion won (US$25.3 million) in research and development (R&D) projects for eco-friendly automobiles and self-driving technologies in line with the country’s green energy drive. The country plans to allocate 13.4 billion won for research projects for electric vehicles and hydrogen [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea said Thursday it plans to expand subsidies provided for electric vehicles and hydrogen fuel-cell automobiles this year in line with the country’s green energy drive. Under the plan, South Korea will allocate 1 trillion won (US$930 billion) to promote sales of electric cars, which marks a 25 [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s environment-friendly vehicle sales jumped 54 percent to exceed 200,000 units in 2020 from a year earlier on subsidies and an improvement of charging infrastructure, industry data showed Tuesday. Carmakers sold a total of 213,264 eco-friendly models last year, up from 138,957 units the previous year, according to [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s exports of environment-friendly vehicles jumped 40 percent in 2020 from a year earlier on growing demand for less-emitting cars, the trade ministry said Sunday. Exports of all-electric and hydrogen fuel-cell electric vehicles climbed to US$4.6 billion last year from $3.3 billion a year ago, according to the [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea said Wednesday it plans to allocate 1.44 billion won (US$1.29 million) through 2025 to foster experts of eco-friendly cars in sync with the country’s green growth policy, which centers on breaking away from fossil fuels and utilizing more sustainable resources. Under the project, South Korea will spend [...]