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Hyundai Risks Future Mobility Plans Following Uber’s Subsidiary Sell-out

Hyundai Risks Future Mobility Plans Following Uber’s Subsidiary Sell-out

SEOUL, Dec. 10 (Korea Bizwire) — Hyundai Motor Co. might have to adjust its plans for future mobility services after Uber Technologies Inc. decided to sell the company’s self-driving and air taxi businesses. The U.S. ride-hailing giant reportedly decided to turn over Uber Elevate, the company’s air taxi business, to Joby Aviation, and invest US$75 [...]

Young Travelers’ Use of Car-sharing Services in Overseas Markets on the Rise

Young Travelers’ Use of Car-sharing Services in Overseas Markets on the Rise

SEOUL, Jun. 27 (Korea Bizwire) — The number of people in their 20s using shared vehicle services has increased significantly at overseas travel destinations. According to BC Card’s analysis of the service data of shared vehicles by South Korean travelers overseas from May 2016 to April of this year, the aggregate total of payments increased [...]

Uber to Launch Cab-hailing Service in Seoul

Uber to Launch Cab-hailing Service in Seoul

SEOUL, Apr. 2 (Korea Bizwire) — Uber Technologies Inc. announced on Tuesday that it will be launching a cab-hailing service in Seoul. Uber Taxi, available for all Seoulites, automatically assigns cabs at the nearest location when customers hail a taxi. Information on the driver will be displayed in the app once the taxi is assigned. [...]