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S. Korea to Expand Subsidies for Eco-friendly Cars

S. Korea to Expand Subsidies for Eco-friendly Cars

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 [...]

S. Korea’s Rechargeable Battery Exports Gain for 5th Year in 2020

S. Korea’s Rechargeable Battery Exports Gain for 5th Year in 2020

SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s exports of rechargeable batteries rose for the fifth consecutive year in 2020 despite the coronavirus impact, data showed Monday. Overseas shipments of rechargeable batteries came to 7.2 trillion won (US$6.6 billion) last year, up 2.9 percent from the previous year, according to the data from the industry [...]

High-end EVs Priced Over 90 mln Won Excluded from Subsidies

High-end EVs Priced Over 90 mln Won Excluded from Subsidies

SEOUL, Jan. 5 (Korea Bizwire) — Starting this year, high-end electric vehicles (EVs) that cost more than 90 million won (US$82,800) will be excluded from government subsidies. The Ministry of Environment announced Monday a new subsidy policy that will soon come into effect. The government has provided new criteria for electric vehicle subsidies based on [...]

Eco-friendly Cars Make Up Over 3 pct of Total Vehicles Registered in S. Korea

Eco-friendly Cars Make Up Over 3 pct of Total Vehicles Registered in S. Korea

SEOUL, Nov. 22 (Korea Bizwire) — Environmentally friendly cars, such as electric vehicles (EVs) and hydrogen-powered cars, make up more than 3 percent of the total vehicles registered in South Korea, a report from the country’s transport ministry showed Sunday. There were 766,464 green vehicles registered in South Korea as of end-October, accounting for 3.16 [...]

CJ Logistics Introduce First Electric Cargo Vehicle for Delivery Services

CJ Logistics Introduce First Electric Cargo Vehicle for Delivery Services

SEOUL, Nov. 19 (Korea Bizwire) — CJ Logistics Corp. said Wednesday that it will become South Korea’s first logistics firm to introduce electric delivery vehicles and set up charging stations for them. The company first plans to introduce a total of four electric cargo vehicles, two each in Gunpo, Gyeonggi Province and the city of [...]