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Majority of Korean Auto Parts Makers Lagging Behind in Switch to Future Cars

Majority of Korean Auto Parts Makers Lagging Behind in Switch to Future Cars

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 [...]

S. Korea to Spend More for Future Cars Under New Deal Scheme

S. Korea to Spend More for Future Cars Under New Deal Scheme

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 [...]