sharing economy Archives | Be Korea-savvy
Carpooling Services to Begin Once Deal Is Reached with Taxi Industry: Official

Carpooling Services to Begin Once Deal Is Reached with Taxi Industry: Official

SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s finance minister said Wednesday that local carpooling services will only get off the ground after an understanding is reached between Kakao Mobility Corp. and representatives from the taxi industry. The comments by Hong Nam-ki came nearly two weeks after a taxi task force decided to join a [...]

S. Korea to Build Stronger Institutional Framework to Sustain Sharing Economy

S. Korea to Build Stronger Institutional Framework to Sustain Sharing Economy

SEOUL, Jan. 10 (Korea Bizwire) – The South Korean government held a conference on Wednesday to discuss various issues involving shared economy of space, finance, and knowledge. The government decided to come up with measures to stimulate the sharing economy of space to reduce unnecessary costs. For instance, sharing a parking space reserved for a [...]

Economy Minister Willing to Tackle “Sharing Economy” Head On

Economy Minister Willing to Tackle “Sharing Economy” Head On

SEOUL, Oct. 26 (Korea Bizwire) — Kim Dong-yeon, the Minister of Economy and Finance and Deputy Prime Minister, said yesterday that he was committed to implementing new transportation services, including carpooling. The minister also said that if a sharing economic model was the direction of the future, then he would be fully willing to throw [...]

Seoul Expands Bicycle Sharing Program

Seoul Expands Bicycle Sharing Program

SEOUL, Oct. 11 (Korea Bizwire) — The Seoul Metropolitan Government plans to broaden its fleet of public bicycles from 20,000 to 40,000 by 2020. To stimulate the street economy, 424 bike shops across the city will be in charge of repairing and maintaining public bikes at nearby parking stations. The Seoul Housing and Communities Corporation [...]

Uber Vows to Comply with Local Rules As It Seeks to Move Deeper into Tech-Savvy S. Korea

Uber Vows to Comply with Local Rules As It Seeks to Move Deeper into Tech-Savvy S. Korea

SEOUL, Aug. 29 (Korea Bizwire) — Global ride-hiring application operator Uber Technologies Inc. said Wednesday that it will comply with local regulations as it seeks to expand its presence in the tech-savvy South Korean market. “We will not launch products or services in Korea that do not comply with the regulatory framework,” said Barney Harford, [...]

Hyundai Motor, Luxi Team Up for Carpooling Service

Hyundai Motor, Luxi Team Up for Carpooling Service

SEOUL, Dec. 6 (Korea Bizwire) – Hyundai Motor is poised to branch out into the car sharing service industry in partnership with carpool service provider Luxi. The automaker signaled its foray into the carpool service market on Tuesday, after making a public announcement of Project Ioniq, a joint future mobility research project with Luxi to develop [...]

Seoul Bike City’s Most Popular Sharing Service

Seoul Bike City’s Most Popular Sharing Service

SEOUL, Jul. 31 (Korea Bizwire) — A new online survey has revealed Seoul Bike is the most popular government-operated sharing service among residents of Seoul. The survey, conducted by the Seoul Metropolitan Government last month with a sample of 2,500 Seoul residents, showed the satisfaction rate among users was over 91 percent, the municipal government [...]

Socar First to Reach 10 Million Reservations in South Korean Car Sharing Industry

Socar First to Reach 10 Million Reservations in South Korean Car Sharing Industry

SEOUL, Jul. 27 (Korea Bizwire) — South Korean car sharing service provider Socar has become the first company to reach a total of 10 million reservations in the industry, according to a statement released on Wednesday. From February 2012 until earlier this month, more than 10 million reservations were made, with the combined mileage estimated to [...]

New Policy Needed for Sharing Economy, Says Korea Development Institute

New Policy Needed for Sharing Economy, Says Korea Development Institute

SEOUL, Jul. 12 (Korea Bizwire) — The Korea Development Institute (KDI) released yesterday a report titled “Government Policy for the Stable Growth of the Sharing Economy”. The white paper presents an in-depth look at the sharing economy, and makes the proposal that current policies need to be modified to accommodate a changing service industry.   The seeds [...]