SEOUL, Feb. 2 (Korea Bizwire) — Ahead of the first increase in public transportation fares in eight years, the issue of free access benefits to public transportation is resurfacing as a controversial topic. The Seoul Metropolitan Government recently decided to raise public transportation fares for the first time since June 2015. The city plans to raise [...]
SEOUL, Jan. 18 (Korea Bizwire) — The government has mandated that low-floor buses be introduced when replacing old intra-city and maeul buses, and rural buses with new ones. Maeul buses — “maeul” means “village” in English — are small green buses that run on routes connecting neighborhoods to nearby major bus stops and subway stations. [...]
SEOUL, Dec. 28 (Korea Bizwire) — Self-driving buses will be deployed on bus rapid transit (BRT) routes for the first time in South Korea. The Ministry of Land, Infrastructure and Transport said Tuesday it has deployed BRT-exclusive autonomous buses connecting Osong Station in Cheongju, North Chungcheong Province and the Sejong Express Intercity Bus Terminal in [...]
SEOUL, Dec. 28 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport said Tuesday it had succeeded in developing a test vehicle for a hydrogen-powered electric train in collaboration with the state-run Korea Railroad Research Institute. The two parties have carried out a project since 2018 to develop a hydrogen fuel cell-based hybrid propulsion [...]
SEOUL, Dec. 25 (Korea Bizwire) — Subway fares in Seoul and some nearby cities are expected to rise next year after a yearslong freeze, as operators have failed to secure sufficient funds to compensate for a growing deficit. On Saturday, the National Assembly passed a 638.7 trillion-won (US$497 billion) government budget for 2023 but did [...]
SEOUL, Nov. 25 (Korea Bizwire) – The nationwide strike by truck drivers caused supply disruptions across the cement and steel industries on Friday, with other sectors like auto and petrochemicals feared to bear the brunt if the protest prolongs. Cement factories were unable to ship most of the daily supply of 200,000 tons the previous [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korean startup PLANA is betting big on the hybrid-electric vertical take-off and landing (eVTOL) aircraft market and not on all-electric aircraft as they have certain challenges that must be tackled before commercialization, the company’s CEO has said. The head of the country’s sole hybrid eVTOL startup, set up [...]
SEOUL, Nov. 1 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an initial deal with a Dutch partner for collaboration in a next-generation transportation system. The agreement with Hardt Hyperloop commits the South Korean company to providing rolled steel to the European Hyperloop Center, an industrial complex under construction in the Netherlands [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s car-sharing industry is expanding one-way car return services that allow users to leave rental cars at their destination instead of having to return them to the location of departure. SOCAR Inc. launched a one-way car return service in ten cities across the country last month. It covers [...]
SEOUL, Oct. 25 (Korea Bizwire) – The base taxi fare in Seoul will rise by 1,000 won (69 US cents) to 4,800 won from February next year in the first hike in four years, the city government said Tuesday. The Seoul Metropolitan Government passed the plan to raise the base rate for mid-sized sedan cabs [...]