SEOUL, Jan. 19 (Korea Bizwire) — The accumulated number of registered vehicles in South Korea rose 1.7 percent in 2023 from a year earlier on strong demand for environmentally friendly models, government data showed Friday. Car registrations came to 25.95 million units as of end-December, up from 25.5 million units a year ago, helped by [...]
SEOUL, Sept. 6 (Korea Bizwire) — Safety management in car-sharing services, which offer non-face-to-face vehicle rentals, is substandard, leading to ongoing consumer losses such as excessive repair costs, a survey showed Tuesday. According to a survey conducted by the Korea Consumer Agency with 66 vehicles from the nation’s major car-sharing platforms, including Green Car, Socar [...]
SEOUL, July 3 (Korea Bizwire) — The size of vehicles in all categories, except for mini cars, is increasing compared to the past, indicating a strong preference among local consumers for larger cars. According to local market tracker CarIsYou, the overall length and width of vehicles registered in South Korea during the January to May [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s auto exports jumped 16.4 percent on-year in 2022 to a record high on the back of the popularity of local brands in the global market and growing demand for eco-friendly vehicles, the industry ministry said Monday. The value of exported vehicles came to US$54.1 billion last year, [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s auto exports rose 8.6 percent on-year in 2021 on the back of the growing popularity of local brands in the global market and solid demand for eco-friendly vehicles, the industry ministry said Tuesday. Outbound shipment of vehicles reached 2.05 million units last year, compared with 1.89 million [...]
SEOUL, Sept. 22 (Korea Bizwire) — The number of vehicles recalled in South Korea surpassed 2 million in the first eight months of this year, with more quality problems discovered in electric vehicles, government data showed Wednesday. A total of 1,829 models, which amount to some 2.24 million vehicles sold in the nation, were recalled [...]
SEOUL, Dec. 23 (Korea Bizwire) — A dispute over the safety of electric cars is attracting attention after a vehicle produced by Tesla Motors Inc. crashed into a wall in the underground parking lot of an apartment complex and caught fire. The accident left one dead and two injured. The driver of the Tesla’s Model [...]
SEOUL, Sept. 9 (Korea Bizwire) — Consumers are coming up with a new checklist for purchasing new cars as car-camping continues to grow in popularity. Innocean Worldwide Inc., a major South Korean advertising agency, reported on Tuesday that following the introduction of a new policy in February allowing the conversion of all automobiles to so-called [...]
INCHEON, Sept. 1 (Korea Bizwire) — South Korea’s amended Automobile Management Act, known colloquially as the Korean lemon law, which took effect in December 2018, appears to have long way to go to be settled down. Some critics point out that the law is only loosely enforced, especially given that there are still a number [...]
CHUNCHEON, Aug. 1 (Korea Bizwire) — Smart unmanned speed control equipment, which can monitor several lanes at once with a single camera, will be operated in Gangwon Province. The Gangwon Provincial Police Agency (GPPA) reported that it will operate radar-based unmanned speed control cameras, which are different from the existing lane-based cameras, starting in August. [...]