SEOUL, Dec. 15 (Korea Bizwire) — South Korean auto parts makers are lagging behind in the transition to future mobility solutions despite the automobile industry’s rapid switch to electrification in recent days, a survey showed Tuesday. According to a survey conducted by the Korea Automotive Industry Alliance (KAIA) of 300 auto parts makers and 405 [...]
SEOUL, Feb. 4 (Korea Bizwire) — South Korea’s industry ministry said Thursday it plans to raise 200 billion won (US$179 million) this year to nurture eco-friendly automobiles and other state-of-the-art technologies, in line with the country’s New Deal drive announced last year. The Ministry of Trade, Industry and Energy said it has clinched a memorandum [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it will launch a new division under its wing, which will be in charge of spearheading the country’s future car sector in line with the country’s blueprint on the automobile segment. The new division will also center on developing electric vehicle and hydrogen [...]