SEOUL, Nov. 8 (Korea Bizwire) — Hyundai Motor Group’s independent luxury brand Genesis said Friday it has partnered with Tate Modern, a leading British modern art museum, as part of a company initiative to collaborate with leading global cultural institutions. Genesis and Tate Modern will join hands to support “Genesis Exhibition: Do Ho Suh: Walk [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korea’s leading battery maker LG Energy Solution (LGES) said Friday it has clinched a deal to supply electric vehicle batteries to U.S. automotive manufacturer Rivian. Under the deal, LGES will provide Rivian with its advanced 4695 cylindrical batteries, totaling 67 gigawatt hours, for over five years, according to [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korea will hold a commemorative event next week honoring fallen soldiers who fought under the United Nations flag during the 1950-53 Korean War, the veterans ministry said Friday. The annual “Turn Toward Busan” event will take place at the U.N. Memorial Cemetery in Busan, 320 kilometers southeast of [...]
SEOUL, Nov. 8 (Korea Bizwire) – BMW Korea announced on November 7 the domestic launch of its facelifted second-generation 4 Series, the New 4 Series Gran Coupé, which the company says strikes a balance between sporty aesthetics and luxury refinement. The updated model features distinctive design elements that emphasize its dynamic character, including arrow-shaped daytime running [...]
SEOUL, Nov. 8 (Korea Bizwire) – Mercedes-Benz Korea has announced the introduction of its first electrified G-Class model, the “All-New Mercedes-Benz G580 with EQ Technology,” marking a significant evolution in its premium SUV lineup. The company revealed on November 7 that it will initially release 70 units of a distinctive limited edition model, the “Edition One,” [...]
SEOUL, Nov. 8 (Korea Bizwire) – After news broke of KIA Tigers cheerleader Lee Ju-eun’s contract termination with her agency, Taiwanese media outlets, including TVBS, reported on November 5 that she is considering various career options, with strong interest emerging from Taiwan’s baseball community. Lee gained international fame for her casual yet captivating performance of the [...]
SEOUL, Nov. 8 (Korea Bizwire) – Samsung Electro-Mechanics held its fourth annual “Blue Elephant Forum” on November 6 at the Samsung Financial Campus in Seocho District, Seoul, to discuss cyberbullying prevention strategies and share the results of its flagship social responsibility program. Launched in 2020, the “Blue Elephant” initiative aims to cultivate prosocial capabilities among youth, [...]
Third quarter consolidated revenue declined 22% on lower industry demand Third quarter diluted EPS at $0.24 Results reflect continued execution of cost savings initiatives partially offsetting the market headwinds Full year 2024 guidance lowered to reflect continued weak end markets and elevated channel inventory levels Basildon, UK, Nov. 7 (Korea Bizwire) — CNH Industrial N.V. [...]
Highlights Total revenue up 13% year over year; service revenue up 19% year over year Billings1 and product revenue returns to growth Strong billings growth in Unified SASE and Security Operations Record GAAP operating margin of 31.2% Record Non-GAAP operating margin of 36.1%1 Cash flow from operations of $608 million; Free cash flow of $572 million1 [...]
Expands Lantronix’s IoT Wireless Connect Portfolio With Cutting-Edge 5G Technology Strengthens Competitive Offering, Adds New Blue-Chip Customers IRVINE, Calif., Nov. 7 (Korea Bizwire) – Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has signed a definitive agreement to acquire from NetComm Wireless Pty Ltd (“NetComm”), a subsidiary [...]