SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s largest mobility startup SOCAR Inc. said Friday it has received 60 billion won (US$52.2 million) from two local private equity firms, becoming the latest “unicorn” company in the Asian country. The investments from SG Private Equity and Songhyun Investment pushed SOCAR’s valuation to over 1 trillion won. [...]
SEOUL, Oct. 7 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts company, said Wednesday it will invest US$25 million in a British augmented reality company as it bets on future mobility technologies. Hyundai Mobis made the decision to “preemptively” invest in infotainment technologies, which it expects to become another growth driver together [...]
LAS VEGAS, Jan. 10 (Korea Bizwire) — The world’s biggest tech expo wrapped up its four-day journey here Friday after global players introduced their latest achievements, particularly in artificial intelligence (AI) and mobility solutions. The Consumer Electronics Show (CES) 2020 in Las Vegas, Nevada, featured some 4,500 exhibiting firms with more than 170,000 people visiting [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Tuesday unveiled its personal air vehicle (PAV) concept at the CES tech expo in Las Vegas to promote its smart mobility solutions. Hyundai Motor partnered with U.S. ride-hailing company Uber Technologies Inc. to develop its first concept PAV named the S-A1 capable of [...]
SEOUL, Jan. 3 (Korea Bizwire) — They may not have eye-catching tech gadgets and high-end technologies, but a slew of South Korea’s major conglomerates, such as Hyundai Motor Co. and SK Innovation Co., are ready to showcase their solutions primarily in the mobility sector at the upcoming tech expo in the United States. While Samsung [...]
SEOUL, Aug. 28 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. on Tuesday unveiled a vehicle-mounted electric scooter with a “total mobility solution” for the beginning to the end of one’s travel. Hyundai-Kia reported that it is considering mounting the electric scooter as an optional feature on new cars starting from [...]
SEOUL, Jul. 18 (Korea Bizwire) — A prolonged dispute between the taxi industry and the mobility service industry is drawing to a close as the Ministry of Land, Infrastructure and Transport announced new regulations on Wednesday obligating mobility platforms to pay public donations. The ministry also decided to restrict all mobility platforms except for those [...]
SEOUL, Apr. 24 (Korea Bizwire) — A dispute has flared up between the Seoul Metropolitan Government and Tada, a South Korean luxury cab-hailing service, as the company strongly went against the city’s demand to pay deposit. Kakao Mobility (Kakao Black), Uber Korea (Uber Black), and VCNC, the company in charge of the Tada brand, are [...]
SEOUL, Mar. 29 (Korea Bizwire) — The 2019 Seoul International Motor Show kicked off on Friday with the goal of offering visitors a chance to experience driverless cars and the latest in all-electric vehicles as organizers seek to transform the event into a “mobility show.” The biennial auto show has focused on introducing new vehicles [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korean home appliance maker LG Electronics Inc. and portal operator Naver Corp. on Wednesday agreed to jointly develop an advanced guidance robot based on the high-tech mobility platform. LG Electronics and Naver’s R&D subsidiary signed a memorandum of understanding (MOU) to collaborate on research and development of robot [...]