SEOUL, Sept. 12 (Korea Bizwire) – The Seoul Metropolitan Government and Seoul Metro have announced plans to enhance safety measures for subway platforms to prevent falls. Recently, a 4-year-old boy fell through a gap at Chungmuro Station on Seoul Subway Line 3 while disembarking from the subway. Passengers heard his mother’s cries, stopped the subway [...]
SEOUL, Sept.11(Korea Bizwire) – German automakers continue to maintain their stronghold in the South Korean import car market, and this dominance extends to the realm of electric vehicle (EV) sales as well. Recent import vehicle registration data from the Korea Association of Imported Automobile Manufacturers (KAIDA) released on Sunday reveals a substantial uptick in the number [...]
SEOUL, Sept. 10 (Korea Bizwire) –The French defense company Thales Group hopes to deepen cooperation with South Korean partners in the fields of cybersecurity and space technologies, taking the decades long partnership to another level beyond the defense and other conventional sectors, its senior executive has said. Pascale Sourisse, senior executive vice president for [...]
SEOUL, Sept. 7 (Korea Bizwire) — The Seoul Metropolitan Government on Wednesday introduced a tagless fare payment system at 12 subway stations on the Ui-Sinseol Light Rail Transit (excluding Bomun Station) in collaboration with transportation card issuer Tmoney Co. This marks the world’s first introduction of a tagless system in a subway network. The term [...]
SEOUL, Sept. 6, (Korea Bizwire) – The resurgence of city cars, a segment that has long been overlooked, is now gaining momentum. In August, three city car models ranked among the top 10 in domestic passenger vehicle registrations. This surge in popularity can be attributed to several factors, including higher vehicle prices, rising fuel costs, [...]
SEOUL, Sept. 6 (Korea Bizwire) – In the realm of imported automobiles, there has been a noticeable shift in consumer preferences. Interest in diesel sedans and sport utility vehicles (SUVs) is waning, while electric vehicles (EVs) are gaining significant popularity. In particular, the market for imported electric passenger cars saw a significant milestone in August this [...]
SEOUL, Sept. 5 (Korea Bizwire) — Imported vehicle sales in South Korea fell 2.1 percent last month from a year earlier amid a lack of supplies in some brands, an industry association said Tuesday. The number of newly registered imported cars came to 23,350 units in August, down from 23,850 units a year ago, the [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it overtook China’s Wuling Motors Holdings Ltd. to claim the biggest market share in Indonesia’s electric vehicle (EV) market in the first seven months of the year. Hyundai Motor sold 3,913 EVs in Indonesia between January and July, already exceeding the 2,028 [...]
BERLIN, Sept. 4 (Korea Bizwire) – LG Magna e-Powertrain, LG Electroincs’ joint venture with Canadian auto parts maker Magna International Inc., said Monday it will build an electric vehicle (EV) components factory in Hungary. The new 26,000-square-meter production base, the company’s first in Europe, will be built in the northeastern city of Miskolc by 2025, [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday launched the N brand’s first all-electric model, the Ioniq 5 N, in the domestic market as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N, first unveiled at the 2023 Goodwood Festival of Speed in Great Britain [...]