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 [...]