South Korea unveils roadmap to develop future car industry

According to the roadmap, the Korean government and private sector will cooperate on developing core technologies for autonomous vehicles and constructing smart traffic systems to introduce the infrastructure necessary for completely self-driving cars by 2022.
a year ago

The Ministry of Trade, Industry and Energy (MOTIE) unveiled a roadmap for the development of the future car industry that aims to generate a new growth engine for the Korean economy at a conference in Pangyo, near Seoul, on February 2. According to the roadmap, the Korean government and private sector will cooperate on developing core technologies for autonomous vehicles and constructing smart traffic systems to introduce the infrastructure necessary for completely self-driving cars by 2022.

Electric cars

For electric cars, the Korean government plans to make a significant improvement in fuel mileage and battery charging. Its goal is to develop electric cars that can travel more than 500 kilometers on one charge, covering the distance from Seoul to Busan, and super chargers that can charge twice as fast as the current chargers. The Korean government also seeks to install 1,500 rapid battery charging stations every year at popular locations like supermarkets so that the number can reach 10,000 by 2022, which is close to the total number of gas stations in the country.

In addition, testing of electric vehicle-related services will be launched this year. These services include recycling of dead electric vehicle batteries and a Vehicle-to-Grid (V2G) system that can supply stored electricity in electric cars to the electric grid.

Replacing buses, taxis, and pickup trucks with electric counterparts is another objective of the future car development strategy as they can greatly improve the environment. From 2019, an annual average of about 10 percent of these vehicles will be replaced with their electric counterparts, allowing the complete replacement by 2030.

Self-driving carsFor self-driving cars, the Korean government strives to secure autonomous car technologies by developing its own key self-driving auto parts, standardizing relevant technologies, and training experts and professionals.

The Korean government also aims to finish building K-City, a world-class test bed for autonomous driving, in Hwaseong this year and open this cutting-edge platform to locals and foreigners. K-City will continue to advance with the integration of the fifth generation (5G) telecommunications network and facilities that can mimic a variety of weather conditions, including rain, snow, and fog. Moreover, a data center that shares information on various driving conditions will be constructed this year to build a big data system and take on deep learning.

As part of smart infrastructure development, all of the expressways in Korea, which will have a total length of approximately 5,000 kilometers, will become smart by 2022 in a way that they enable vehicle-to-vehicle communications and provide self-driving vehicles with real-time data about their surroundings.

The showcase of these technologies will be first staged at the Pyeongchang Winter Olympics. Test drives of autonomous vehicles during the Olympics will be a prelude to the driverless world. Following this exhibition, self-driving shuttle buses will connect Incheon International Airport’s new Terminal 2 to the long-term parking lot in October 2018.

For the next five years until 2022, the Korean government and private sector will invest more than 35 trillion won (32.55 billion USD) in the future car industry.

Source: Ministry of Trade, Industry and Energy, South Korea

Illustration Photo: Self-driving Uber (credits: zombieite / Flickr Creative Commons Attribution 2.0 Generic (CC BY 2.0))

Comments

No comments to display.

Related posts

Call for Applications: Go Ignite Global Call

Start-ups working on solutions in IoT, Big Data Analytics, Cyber Security, Artificial Intelligence, 5G and Customer Experience Enhancement are encouraged to apply.
Application Deadline in 11 days

EU's Call for Proposals: Digital technologies for improved performance in cognitive production plants

Proposals need to develop new technologies to realise cognitive production plants, with improved efficiency and sustainability, by use of smart and networked sensor technologies, intelligent handling and online evaluation of various forms of data streams as well as new methods for self-organizing processes and process chains.
Application Deadline in 4 days

Increased Consumption of Plant-Based Protein Diets to Mitigate the Incidence of Type 2 Diabetes

The < a href = "https://www.marketsandmarkets.com/Market-Reports/wheat-protein-market-67845768.html">wheat protein market</a> is estimated at USD 2.04 Billion in 2017 and is projected to reach USD 2.58 Billion by 2022, at a CAGR of 4.8% from 2017. The wheat protein market has been largely driven by the growing demand for bakery products, the increasing popularity of plant-based foods, wheat protein being a suitable alternative for non-animal protein among vegans coupled with nutritional benefits for lactose-intolerant consumers.

Increase in Use of Crop Protection Products in Developing Countries Drives the Pesticide Inert Ingredients Market

The pesticide inert ingredients market is projected to reach USD 4.7 billion by 2023, from USD 3.5 billion in 2018, at a CAGR of 6.14% during the forecast period. The market is driven by factors such as the increasing demand for specific inert ingredients in pesticide formulation and capability of inert ingredients to improve the efficacy of pesticide application.

Pilot plant to turn sugarcane waste into biofuel and beer bottles

Their patented REACH technology, developed by US parent company Mercurius Biorefining, has the potential to convert sugarcane bagasse and other biomass into cost effective drop-in biofuels and bio-chemicals , as alternatives to fossil fuels.

Call for applications: The Entrepreneurship World Cup

The Entrepreneurship World Cup is more than just a global pitch competition with a shot at life-changing prizes. With 100,000 entrants from around the world, EWC elevates entrepreneurs – providing you with tools and resources to grow your venture. It doesn’t matter how far you’ve come – idea-stage, early-stage, growth-stage or beyond – EWC can put you on the right course. Leverage world-class content in the EWC Accelerator to: unleash your ideas, hone your pitching skills and engage with a global network of mentors. And, oh yeah, compete for those life-changing prizes, together with business opportunities and investment.
Application Deadline in 3 months

EU's Call for Proposals: EGNSS applications fostering digitisation

Actions should deliver new innovative applications, with commercial impact and a clear market uptake perspective (a Business Plan is required as part of the proposal). The proposed EGNSS applications may integrate digital technologies like Internet of Things (IoT), cloud computing, big data and robotics.
Application Deadline in 16 days

Growing Farm Labor Issues due to Higher Costs and Availability Drives the Smart Harvest Market Ma

The smart harvest market is projected to reach USD 15.6 billion by 2023, from USD 9.0 billion in 2018, at a CAGR of 11.81% during the forecast period. The market is driven by factors such as growing farm labor issues due to higher costs and availability, and cost efficiency benefits offered by smart harvest systems.

Call for applications: 2019 SEED Awards for Entrepreneurship in Sustainable Development

Are you part of a small and growing eco-inclusive enterprise that continues to deliver environmental, social and economic benefits to your target markets?
Application Deadline in 2 months

Review of Emerging Additive Manufacturing Technologies in 3D Printing of Cementitious Materials in the Construction Industry

Additive manufacturing is a fabrication technology that is rapidly revolutionizing the manufacturing and construction sectors. In this paper, a review of various prototyping technologies for printing cementitious materials and selected 3D printing techniques are presented in detail.