SEOUL, Aug. 20 (Korea Bizwire) — The ruling People Power Party (PPP) on Friday called on the government to launch negotiations with the United States to get South Korean-made electric vehicles eligible for tax benefits under the newly legislated Inflation Reduction Act. Rep. Kweon Seong-dong, PPP’s floor leader, said that Korea-made electric cars should enjoy [...]
DAEJEON, June 23 (Korea Bizwire) — A worldwide effort to develop heat management systems for electric cars and other eco-friendly vehicles for improved efficiency and longer range is gaining traction. The Korea Intellectual Property Office reported that the submission of patents related to an integrated heat management system for eco-friendly cars from five countries or [...]
SEOUL, June 17 (Korea Bizwire) — As the number of electric car fires continues to increase along with the prevalence of such vehicles, firefighters are looking for the optimal way to extinguish electric vehicle (EV) fires. The Seoul Metropolitan Fire and Disaster Headquarters said it carried out experiments related to extinguishing electric car fires at [...]
SEOUL, Jan. 8 (Korea Bizwire) — Shares in Hyundai Motor Co. soared by nearly 20 percent on Friday as the South Korean carmaker is in talks with Apple Inc. for potential partnership in developing electric cars and batteries. Hyundai Motor jumped 19 percent to 246,000 won, far outperforming the broader KOSPI’s 4 percent gain. “We’ve [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea plans to increase budgetary support for the purchase of electric and hydrogen cars by around 30 percent this year in a bid to nurture the next-generation vehicle sector, the finance minister said Friday. The country has set the non-memory chip, bio-health and next-generation vehicle sectors as the [...]
SEOUL, Jul. 2 (Korea Bizwire) — An electric-powered auto racing series, the ABB FIA Formula E World Championship, will be held in Seoul next year in a global event to promote environmentally friendly vehicles, the event’s organizer said Tuesday. The 2019/2020 ABB FIA Formula E Championship will take place at Jamsil Stadium and on neighboring [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea needs to make more efforts to foster the electric automobile industry, a state-run think tank said Sunday, claiming local companies have been losing ground in the important Chinese market. The Korea Institute for Industrial Economics and Trade (KIET) said South Korean companies need to beef up their [...]
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 [...]
JEJU, Feb. 12 (Korea Bizwire) – With its sights set on becoming an “electric car paradise”, the island province of Jeju announced February 9 it will develop a high-precision map for self-driving cars and encourage auto manufacturers to use the island’s facilities as a testing ground. These initiatives will be undertaken jointly with the JDC [...]
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 [...]