SEJONG, Apr. 11 (Korea Bizwire) – South Korea’s auto exports moved up 2.7 percent on-year in the first quarter of 2024 on the back of strong demand for eco-friendly models, data showed Thursday. The combined value of car shipments came to US$17.5 billion in the January-March period, with the export volume reaching 690,000 units, according [...]
SEOUL, Jan. 19 (Korea Bizwire) — The accumulated number of registered vehicles in South Korea rose 1.7 percent in 2023 from a year earlier on strong demand for environmentally friendly models, government data showed Friday. Car registrations came to 25.95 million units as of end-December, up from 25.5 million units a year ago, helped by [...]
SEOUL, Jan. 12 (Korea Bizwire) — Accumulative sales of eco-friendly vehicles produced by Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are expected to exceed 1 million units in the first quarter, according to the companies Friday. Accumulative sales of eco-friendly units of Hyundai and Kia combined had amounted to 946,962 units as [...]
SEOUL, Nov. 16 (Korea Bizwire) — Eco-friendly cars accounted for one-third of all new vehicle purchases made in the first nine months of 2023, government and industry data showed Thursday. According to data from the transportation ministry and the Korea Automobile Manufacturers Association, the rate of car purchasers who bought eco-friendly models, including hybrid and [...]
SEOUL, Nov. 8 (Korea Bizwire) – A new service is being launched that helps car owners check their vehicle’s emissions, see potential subsidies for buying an eco-friendly car, find out about maintenance costs, and understand the environmental benefits of eco-friendly vehicles. The Ministry of Environment and the Korea Environment Agency have announced the My Car Easy [...]
SEOUL, Oct. 30 (Korea Bizwire) — Exports of passenger cars moved up 16 percent in the third quarter of 2023 from a year earlier following robust demand for eco-friendly models, data showed Monday. South Korean carmakers shipped US$14.6 billion worth of passenger cars over the July-September period, rising from $12.6 billion tallied a year earlier, [...]
SEOUL, April 17 (Korea Bizwire) — The South Korean food industry is following the eco-friendly trend by introducing a variety of products made from recycled food byproducts. CJ Cheiljedang Corp. has introduced a snack made with cracked rice and pureed soybean. Since its release in April last year, it was only available at pop-up stores [...]
SEOUL, Oct. 31 (Korea Bizwire) — In the midst of a slight increase in the nation’s cumulative car registrations in the third quarter of this year, the number of new registrations of compact cars and eco-friendly cars took an upturn, data showed Sunday. The nation’s cumulative car registrations stood at 25,356,000 in the third quarter [...]
SEOUL, May 26 (Korea Bizwire) — South Korean food companies are speeding up their efforts to develop eco-friendly tech and products aimed at reducing the use of plastic materials or creating biodegradable plastic. Dongwon F&B Co. reduced the weight of the 500-milliliter and 2-liter bottles used for Dongwon Mineral Water by 15.7 percent and 9.4 [...]
SEOUL, March 21 (Korea Bizwire) — A majority of South Koreans in their 20s and 30s are interested in buying eco-friendly travel packages even if they are more costly. Accommodation booking app Good Choice conducted a survey of 700 customers in their 20s and 30s, 45.3 percent of whom were willing to purchase eco-friendly packages even [...]