This year it is projected that the annual overseas construction contract orders for South Korean companies will reach US$40 billion. It is expected that the contract amount will expand compared to previous years through projects such as nuclear power plants, renewable energy, and investment developm
The Ministry of Land, Infrastructure and Transport of South Korea announced on Jan. 29 that it will start accepting applications from Jan. 30 for this year’s K-City Network Global Collaboration Project. This initiative aims to establish a smart city cooperation network with foreign nations and suppo
The government is set to implement a comprehensive plan for “smart cities” incorporating new technologies. The primary focus is accelerating the entry into foreign markets through the restructuring of the “K-City Network” project. This initiative aims to strengthen the global competitiveness of Kore
K-water has been selected as the implementer for the “Ukraine Uman Smart City Master Plan Establishment Project,” a K-City Network project overseen by the Ministry of Land, Infrastructure, and Transport and the Korea Overseas Infrastructure & Urban Development Corporation, on Aug. 23. This initiativ
In November last year, Won Hee-ryong, the Minister of Land, Infrastructure, and Transport of Korea, visited Bali, Indonesia, meeting the local Minister of Transport, the Minister of the New Capital City, and the Acting Governor of Jakarta. During this visit, he signed a memorandum of understanding f
The Korean government plans to boost domestic automakers' electric vehicle (EV) production to 3.3 million units by 2030 and increase their global market share to 12 percent. The plan is part of the government's vision for the automobile industry unveiled by Lee Chang-yang, minister of trade,
The Ministry of Land, Infrastructure and Transport and the Korea Transportation Safety Authority announced on Dec. 19 that test facilities to help develop fully autonomous driving have been added to the K-City autonomous driving test site and the second phase of their K-City advancement project has
The Ministry of Land, Infrastructure and Transport announced on June 23 that this year’s K-City Network Global Cooperation Program would be initiated in 11 selected out of 39 applicant countries.The program based on intergovernmental cooperation is to help cities adopt South Korea’s smart city model
The Ministry of Land, Infrastructure and Transport announced on April 27 that 39 countries submitted 111 applications for participation in the K-City Network Global Cooperation Program and the numbers increased by 16 and 31 compared to last year, respectively. The applications were made between Feb.
Hyundai Motor Co. has moved up the start of its volume production of autonomous vehicles to 2024, around the time when Mercedes, BMW and other global automakers are expected to begin mass production of self-driving cars.Hyundai Motor plans to introduce sophisticated autonomous driving technology tha
The Korea Transportation Safety Authority has released an English-language video introducing K-City, the world’s first self-driving car test city running on 5G networks that opened on Dec. 10.K-City is designed to test autonomous vehicles in real road environments. It was built on the premises of th
The world's first self-driving vehicle test city equipped with 5G network has been completed in Korea.The Ministry of Land, Infrastructure and Transport announced on Dec. 10 that it held a ceremony to mark the completion of "K-City" at the Korea Automobile Testing and Research Institute (KATRI)
The Korea Transportation Safety Authority (KTS) announced on July 4 that the organization signed an I-FACT agreement among autonomous vehicle test beds for international harmonization of the development of autonomous vehicle technology.The agreement signed at the American Center for Mobility (ACM) i
An autonomous drive test bed was created based on a test network for 5G mobile telecommunication which is a wired and wireless telecommunication network for the next generation. This marked the first time that 5G infrastructure was built in an autonomous driving test city for the first time in the w
K-City Highway will open as a test bed where autonomous vehicle technology developers can test their technologies in an environment similar to actual situations beginning on November 7.The Ministry of Land, Infrastructure and Transport is building K-City, a virtual city for testing autonomous vehicl
According to German market research firm Statista, the size of the South Korean connected car market for this year is estimated at US$249.5 million whereas those of the United States, China, Germany and Japan for the same period are estimated at US$8.193 billion, US$3.038 billion, US$2.62 billion an
The South Korean government opens the K-City in October this year. It is the world’s largest test bed for self-driving cars. In the K-City, self-driving car developers can repeat their tests with various scenarios and road environments.In November last year, the government allowed trial self-driving
The Ministry of Land, Transport and Maritime Affairs announced on February 20 that the ministry gave Naver Labs, a technology research and development subsidiary of Naver permission to temporarily operate driverless cars on actual roads. The green light was the thirteenth since the introduction of a
Seoul National University's Intelligent Automobile IT Research Center introduced the “SNUber 2,” which can be installed in any car like an operating system (OS) and can converted the car into a self-driving car at the 4th grade level, giving the Korean self-drive car industry big momentum. The 4th g
On April 21, one month after his inauguration, LH president Park Sang-woo announced his plan to lead LH, the largest public construction enterprise in Korea.“Through our effort in foreign markets, we will make an outlet of the staled national economy,” said Park. “We plan to export the smart new tow