SEJONG, Oct. 4 (Korea Bizwire) — The government offers subsidies when citizens decide to buy eco-friendly vehicles. However, 3 out of every 10 government-supported vehicles are second cars. In an annual parliamentary audit conducted by the Ministry of Environment Wednesday, Rep. Jeon Hyun-hee of the ruling Democratic Party said that the public tends to have [...]
SEOUL, July 5 (Korea Bizwire) – The sale of environment friendly vehicles is on the rise in South Korea’s used car markets as the government moves to reduce fine dust-emitting diesel vehicles, a local website said Wednesday. Pre-owned car sales data offered by SKencarsales.com back up the trend. It said SK encar.com, a certified Korean [...]
SEOUL, March 15 (Korea Bizwire) – South Korea’s automobile production surged in February amid strong demand for eco-friendly and luxury vehicles both at home and abroad, government data showed Wednesday. Automobile output rose 9.8 percent to 336,032 units last month from a year earlier, according to statistics released by the Ministry of Trade, Industry and [...]
SEOUL, Jan. 18 (Korea Bizwire) – The total number of EVs registered by the government surpassed 10,000 in 2016, setting a new milestone and taking another step forward towards a greener automotive industry. According to the Ministry of Land, Infrastructure and Transport, there were 10,855 electric vehicles officially registered as of the end of last [...]
SEJONG, Dec. 8 (Korea Bizwire) – South Korea will seek to have more than 1 million eco-friendly cars on the road by 2020 as part of its plan to reduce greenhouse gas emissions and generate new growth momentum for its auto industry. The 2016-2020 plan will push up the percentage of green cars such as [...]
![[Kobiz Stats] Eco-friendly Vehicles Registered in Seoul](http://koreabizwire.com/wp/wp-content/uploads/2014/04/친환경자동차현황-영문-1.jpg "[Kobiz Stats] Eco-friendly Vehicles Registered in Seoul")
[Related Article] Seoul City’s Hybrid Car Registration Rises 20% in 2013 (Korea Bizwire, April 21) Any Seoul resident can get sizable tax cuts upon the purchase of an environment-friendly hybrid car. The tax benefits are offered until the end of this year. Thanks to the incentives, as well as to the heightened awareness on the [...]