SEJONG, Oct. 26 (Korea Bizwire) – South Korea and France will invest a combined 3 billion won (US$2.65 million) in the coming three years to develop self-driving technology, the trade minister here said Wednesday. In a Seoul forum, the two sides agreed on the project to jointly study traffic jam assistant (TJA) technology, which helps [...]
SEONGNAM, South Korea, Oct. 20 (Korea Bizwire) – Five government and commercial institutions – Gyeonggi Provincial Government, Ministry of Land, Infrastructure and Transport, Korea Land and Geospatial InformatiX Corporation (LX), KT, and BMW – announced on Wednesday an agreement to establish a self-driving test site in Seongnam, a suburb of Seoul. The site will be [...]
SEOUL, Sept. 30 (Korea Bizwire) – The Korean government has taken another step towards a future of autonomous driving, announcing that it has designated a frequency bandwidth that will be specific to self-driving cars. According to the Ministry of Science, ICT & Future Planning, a bandwidth of 70Mhz from 5.855 to 5.925 GHz will be [...]
SEOUL, Sept. 26 (Korea Bizwire) – Amid rapid automotive innovation that has promoted enhanced driving safety, car insurance may gradually become nonessential. According to a KIDI report released Monday, if 50 percent of domestic vehicles are equipped with level 1 function-specific automation (NHTSA), including autonomous emergency and autonomous reverse braking technologies, annual insurance payouts will [...]
SEOUL, June 20 (Korea Bizwire) – With the vacation season just around the corner, drivers must be cautious of becoming drowsy behind the wheel when travelling long distances. According to statistics collected by law enforcement agencies, drowsy driving is one of the biggest causes of automobile accidents, and there were 2,701 cases that occurred last year [...]