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Major Business Groups Expand Transportation Holdings: Acquisitions, Ventures, and Notable Shifts Unveiled

Major Business Groups Expand Transportation Holdings: Acquisitions, Ventures, and Notable Shifts Unveiled

SEJONG, Nov. 10 (Korea Bizwire) – Over the past three months, large business groups boasting assets exceeding 5 trillion won have expanded their influence in the automotive and transportation sectors. The Korea Fair Trade Commission recently unveiled the “Status of Changes in Companies Belonging to Large Business Groups (August-October),” revealing that as of November 1, the [...]

3 in 10 South Koreans Struggle with Access to Transportation: Data

3 in 10 South Koreans Struggle with Access to Transportation: Data

SEOUL, Aug. 9 (Korea Bizwire) — The number of South Koreans facing difficulties accessing means of transportation, including the disabled, seniors, pregnant women, people with toddlers and children has gone up in recent years, data showed Monday. The Ministry of Land, Infrastructure and Transport reported that there were 15.1 million South Koreans struggling with access [...]

‘Good-hearted Shuttles’ Offer Safe Commute to the Transportation Vulnerable

‘Good-hearted Shuttles’ Offer Safe Commute to the Transportation Vulnerable

SEOUL, June 18 (Korea Bizwire) — The Good-hearted Shuttle Alliance has been established to support safe commuting for the transportation vulnerable, including severely disabled individuals. A group of seven companies and institutions signed a business agreement to enhance the mobility rights of the disabled as well as to promote the employment of such individuals. The [...]

Move to Ban All Carpool Activities Spurs Controversy

Move to Ban All Carpool Activities Spurs Controversy

SEOUL, Nov. 23 (Korea Bizwire) — A bill banning all carpool activities currently allowed during commuting hours was submitted to the Land, Infrastructure and Transport Committee at the National Assembly on Thursday, a move that could deepen the divide between IT companies and the taxi industry over the carpooling issue. The bill specifically seeks the [...]

Escalators can be Dangerous, Especially on Rainy Days

Escalators can be Dangerous, Especially on Rainy Days

SEOUL, Aug. 26 (Korea Bizwire) — Recent government data has revealed that accidents involving slipping and falling on escalators tend to happen more frequently when it rains. According to the Ministry of Public Administration and Security, there were 163 escalator-related accidents between 2013 and 2016, with four fatalities and 209 serious injuries. Among the incidents, [...]

Seoul to Launch Bus Congestion Alert Service

Seoul to Launch Bus Congestion Alert Service

SEOUL, May 22 (Korea Bizwire) – Seoul has launched a revolutionary new online service today that informs passengers about how congested their bus will be before they get on. Seoul’s new congestion alert service, which comes in the form of bus information systems, a desktop website (http://bus.go.kr) and a mobile app called SeoulBus, tells public [...]

Patents for Personal Transport Grow with More Koreans “Riding Solo”

Patents for Personal Transport Grow with More Koreans “Riding Solo”

DAEJEON, Nov. 16 (Korea Bizwire) – Personal transport gadgets have grown increasingly popular in Korea in recent years, with more people riding devices like electric kick scooters or “wheels” either as a means of transportation or simply for recreational purposes.  These electric machines grant mobility unachievable by conventional vehicles, and are easy to carry around, [...]

Chinese Tourists Can Now Use Smartphones to Pay Transport Fares in Korea

Chinese Tourists Can Now Use Smartphones to Pay Transport Fares in Korea

SEOUL, Sept. 26 (Korea Biziwre) – Millions of Chinese visitors will now be able to use their smartphones to pay for transit in Korea.  The Seoul Metropolitan government announced Monday the official launch of a mobile pay system entitled ‘UnionPay Mobile T-Money’ for public transportation. It is named after the Shanghai-based financial services corporation UnionPay, [...]