GWANGMYEONG, South Korea, Oct. 16 (Korea Bizwire) – The South Korean city of Gwangmyeong, just south of Seoul, said Monday it will sign a memorandum of understanding with French national railway company SNCF this year to implement a Eurasia railway project to connect South and North Korea by rail to Europe. Former French Minister for [...]
BUSAN, March 9 (Korea Bizwire) – A 580-meter, 40-car freight train arrived at Busanshinhang Station Wednesday at 11:28.a.m, after departing Obong Station in Gyeonggi Province at 6:20 a.m. Although the length was not as impressive as freight trains in the U.S., which can stretch over a mile in length, freight trains here typically carry 30 [...]
DAEJEON, Dec. 9 (Korea Bizwire) – South Korea’s unionized railway workers will end their 74-day-long strike and return to work Friday, while vowing to continue their protest against the implementation of a performance-based pay system. The Korean Railway Workers’ Union said it will end the walkout as of 2 p.m., concluding its longest-ever railway strike [...]
DAEJEON, Nov. 2 (Korea Bizwire) – The Korea Railroad Corporation (Korail), Korea Railroad Research Institute (KRRI), and Hyundai Rotem signed a Memorandum of Understanding Tuesday for further implementation of an automatic train operation (ATO) system for Korea’s inter-city trains. Implementing the system will require two major improvements: reforming the train control platform and the railway [...]
SEOUL, Oct. 19 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning announced Tuesday the development of what is tentatively being called a “Subsonic Capsule Train” that can travel at a speed of Mach 0.8 (987.84km/h). Once commercialized, it would allow 30-minute travel between Seoul and Busan (325km) on a maglev train through [...]
SEOUL, Aug. 18 (Korea Bizwire) – Hyundai Rotem Co., the train-making unit of Hyundai Motor Group, said Thursday that it has signed a deal to supply trains to Australia, worth up to 1.1 trillion won (US$995 million). Under the agreement signed with the Ministry of Transport and Infrastructure of New South Wales, the South Korean [...]
ULSAN, July 21 (Korea Bizwire) – Ulsan National Institute of Science and Technology (UNIST) announced on July 21 that it would explore hyperloop technology first suggested by Elon Musk in 2013 to develop a futuristic ‘Dream Train’ that could connect Seoul and Busan in less than 16 minutes. To participate in what has become a global research trend [...]
JEJU, Oct. 12 (Korea Bizwire) – Products from Jeju are becoming popular with vendors located in train stations. Jeju officials announced that they have sold products worth a total of 80 million won since the island’s government entered into an agreement with the Korea Railroad Corporation (KORAIL) on May 5, and distributed goods to 200 stores in [...]