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Gov’t to Extend Coverage of High-precision Road Map for Autonomous Vehicles

Gov’t to Extend Coverage of High-precision Road Map for Autonomous Vehicles

SEOUL, Oct. 5 (Korea Bizwire) — The South Korean government plans to extend coverage of a high-precision road map, critical to the development of self-driving vehicles, up to 20,000 kilometers by 2022. The Ministry of Land, Infrastructure and Transport announced on Sunday that it will develop a high-precision road map covering about 14,000 kilometers of [...]

Insurers Launch Policies for Autonomous Vehicles

Insurers Launch Policies for Autonomous Vehicles

SEOUL, Sept. 18 (Korea Bizwire) — South Korean insurance companies will start selling autonomous car-related insurance products from late this month, the financial watchdog said Thursday. The Financial Supervisory Service announced that the nation’s 12 non-life insurance companies will start selling new insurance products that can cover the risk related to accidents involving commercial self-driving [...]

Gov’t to Set Up Investigation Committee for Self-driving Car Accidents

Gov’t to Set Up Investigation Committee for Self-driving Car Accidents

SEOUL, Sept. 3 (Korea Bizwire) — The government plans to set up an exclusive committee with a specific mission of investigating self-driving car-related accidents. The committee will be responsible for clarifying who is responsible when self-driving car accidents occur. The investigation committee, slated to be inaugurated on Oct. 8, would be able to exercise the [...]

S. Korea to Invest 1.1 tln Won in Developing Techs for Self-driving Cars by 2027

S. Korea to Invest 1.1 tln Won in Developing Techs for Self-driving Cars by 2027

SEOUL, April 28 (Korea Bizwire) — South Korea said Tuesday it will spend some 1.1 trillion won (US$896 million) on developing technologies for “high automation” vehicles that can lead growth in the automobile market. The investment calls for the development of “level four” autonomous cars, according to the Ministry of Science and ICT. There are [...]

Level 3 Autonomous Car to be Sold in S. Korea from July

Level 3 Autonomous Car to be Sold in S. Korea from July

SEOUL, Jan. 5 (Korea Bizwire) — South Korea will allow carmakers to sell a vehicle with basic Level 3 self-driving technology in the domestic market from July, the transport ministry said Sunday, claiming that the country is the first to adopt safety standards for the limited self-driving vehicle. The government has adopted a set of [...]

Gov’t Launches Cooperative Self-driving Week to Foster Technology Development

Gov’t Launches Cooperative Self-driving Week to Foster Technology Development

SEJONG, Nov. 11 (Korea Bizwire) — The South Korean government will arrange events to encourage the development of technologies for cooperative autonomous driving. The Ministry of Land, Infrastructure and Transport will hold a cooperative self-driving week Monday through Friday, where it will conduct an infrastructure inter-compatibility test and demonstrate technology for a platoon driving system. [...]

Hyundai Develops AI-based Self-driving Technology

Hyundai Develops AI-based Self-driving Technology

SEOUL, Oct. 21 (Korea Bizwire) — Hyundai Motor Group said Monday it has developed an artificial intelligence-based autonomous driving technology and will apply it in its models. The South Korean automaker has developed the smart cruise control-machine learning (SCC-ML) technology, in which the vehicle analyzes the driver’s driving patterns and allows partial autonomous driving under [...]