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Big Data to Provide Optimal Solutions to Social Issues

Big Data to Provide Optimal Solutions to Social Issues

SEOUL, Aug. 24 (Korea Bizwire) — The government is pushing forth a new project that would utilize public big data to solve problems closely related to citizen livelihood, such as the optimal operational management of garbage trucks and designation of recharging facilities for electric cars. The Ministry of the Interior and Safety revealed yesterday that [...]

Ministry of Environment to Increase Subsidies for Jeju EVs Next Year

Ministry of Environment to Increase Subsidies for Jeju EVs Next Year

SEOUL, Nov. 17 (Korea Bizwire) – More than a month away from the end of the year, the Jeju government revealed that its designated supply of 4,873 electric cars subsidized by the Ministry of Environment had sold out. According to Jeju officials, the remaining 739 were purchased after a regional notice urging the public to purchase [...]

EV sales exceed 10,000 units on extended infrastructure, subsidies

EV sales exceed 10,000 units on extended infrastructure, subsidies

SEOUL, Nov. 13 (Korea Bizwire) — The sale of electric vehicles in South Korea has exceeded 10,000 units this year, reflecting a growing appetite for emissions-free cars and the country’s improving charging infrastructure, industry data showed Monday. In the January-October period, the number of electric cars sold here was 10,075 units, much higher than the [...]

In China, No Subsidies for EVs with S. Korean Batteries

In China, No Subsidies for EVs with S. Korean Batteries

BEIJING, Nov. 3 (Korea Bizwire) – The Chinese government has once again omitted all electric car models equipped with South Korean-manufactured batteries from its list of vehicles eligible for subsidies. Last June, applications by Samsung SDI and LG Chemical for their products to be quality-tested were rejected by Chinese authorities. Both companies have continued to [...]

South Korean Exports in Advanced Technologies Dropping, Except for Electric Cars

South Korean Exports in Advanced Technologies Dropping, Except for Electric Cars

SEOUL, Oct. 23 (Korea Bizwire) – On October 22, a report published by the Institute for International Trade (IIT) operating under the Korea International Trade Association (KITA) revealed that South Korea is lagging behind other countries with regards to exports of next-generation technologies. The report examined the TSI (trade specialization index) — a figure derived [...]

Yongin City Announces Additional Further Push for Electric Cars

Yongin City Announces Additional Further Push for Electric Cars

SEOUL, Jun. 19 (Korea Bizwire) — Amid growing public interest and demand for more eco-friendly and energy-saving electric alternatives, the city government of Yongin is ramping up its financial support for renewable energy enthusiasts in an effort to broaden the use of electric cars in the region. According to the city government, an overwhelming number [...]

S. Korea to Introduce New License Plate for Electric Cars in Oct.

S. Korea to Introduce New License Plate for Electric Cars in Oct.

SEOUL, Sept. 1 (Korea Bizwire) – South Korea will introduce a new license plate for electric vehicles before the end of next month, the government said Thursday, in an apparent effort to further promote environmentally friendly cars.  The new license plate will be picked from four designs in a public vote that will last 10 [...]

New Insurance Plans for Electric Cars to be Launched this Year

New Insurance Plans for Electric Cars to be Launched this Year

SEOUL, Feb. 24 (Korea Bizwire) – The government plans to roll out new insurance plans reserved for electric cars around September, officials said Wednesday, in a move expected to help green car users pay less for premiums. The Ministry of Trade, Industry and Energy and the Financial Services Commission (FSC) were to sign a memorandum [...]