SEOUL, Jan. 16 (Korea Bizwire) — Samsung Electronics’ newly launched “Galaxy Easy Trade-in” program, which began on January 14, is facing a consumer backlash over what many consider to be underwhelming trade-in values for used devices. The program, which operates through Samsung.com, allows consumers to sell their Galaxy smartphones without requiring the purchase of a new [...]
SEOUL, Jan. 16 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, said Thursday it has released an updated version of its electrified GV70 sport utility vehicle (SUV) with enhanced driving range and design. The new model is equipped with an 84 kilowatt-hour fourth-generation battery, offering a range of 423 kilometers per charge. The [...]
SEOUL, Jan. 16 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has teamed up with IBM Corp. to build a front-line emergency communications network in Britain. As part of the British government’s Emergency Services Network (ESN), Samsung will provide its mission-critical (MCX) solution, marking the company’s first venture into the European emergency services network [...]
SEOUL, Jan. 16 (Korea Bizwire) – The International Crown, an LPGA match-play competition, will feature a new team of global stars for this year’s edition in South Korea, organizers said Thursday. Team World, to be made up of one player each from the Americas, Europe, Asia, and Africa and Oceania, will go up against seven [...]
SEOUL, Jan. 16 (Korea Bizwire) — KG Mobility Corp. said Thursday that it has signed a technical cooperation agreement with Phinia Delphi France SAS to jointly develop hydrogen engine technology. Under the agreement, the companies will cooperate in a South Korean government project involving the development of a low-cost commercial hydrogen engine together with the [...]
SEOUL, Jan. 16 (Korea Bizwire) — LG Display Co. on Thursday unveiled its new fourth-generation organic light-emitting diode (OLED) panel designed for artificial intelligence (AI) TVs as part of its push to lead the premium screen market. The new OLED panel boasts improved image quality with higher brightness and enhanced energy efficiency, ideal for power-intensive [...]
SEOUL, Jan. 16 (Korea Bizwire) — The Ministry of Environment announced on January 15 that it has revised guidelines to extend government support for the removal of asbestos-containing slate roofing to small facilities serving the elderly and children. Slate roofing materials, which were widely used in the 1960s and 1970s, contain 10-15% asbestos, a Class 1 [...]
DAEJEON, Jan. 16 (Korea Bizwire) — Scientists at the Korea Institute of Geoscience and Mineral Resources (KIGAM) have developed an autonomous robot capable of exploring underground resources without human intervention, the institute announced on January 15. The autonomous underground exploration robot, developed by a research team led by Kang Woong at the Resource Exploration and Development [...]
SEOUL, Jan. 16 (Korea Bizwire) — Foreign investors withdrew a significant amount of capital from South Korean financial markets in December during a period marked by the brief imposition of martial law, according to data released on January 15 by the Bank of Korea. The central bank’s “International Financial and Foreign Exchange Market Trends” report shows [...]
SEOUL, Jan. 16 (Korea Bizwire) — The number of companies in which South Korea’s National Pension Service (NPS) holds stakes of 5% or more has decreased by 14 over the past year, according to a new analysis. CEO Score, a corporate research firm, reported on January 15 that the number of listed companies with NPS stakes [...]