SEOUL, Sept. 25 (Korea Bizwire) — Preparations have been under way for the first exploratory drilling in December for potential oil and gas reserves off the nation’s East Sea, officials said Wednesday. Industry Minister Ahn Duk-geun hosted a meeting with related agencies in Seoul to review the progress of preparations for a project in the [...]
SEOUL, Sept. 25 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Wednesday it has signed an initial pact with Chinese electric automaker BYD for partnership in the logistics business. Under the “strategic” memorandum of understanding, the two companies will cooperate in global logistics forwarding services and share vessel space [...]
DAEJEON, Sept. 25 (Korea Bizwire) — A van driven by a drunk person collided with a city bus in the central city of Daejeon, causing the bus to crash into a bridge pillar and leaving 28 people injured, two of them seriously, police said Wednesday. The van’s driver in his 50s was drunk at a [...]
DAEJEON, Sept. 25 (Korea Bizwire) – The Korea Advanced Institute of Science and Technology (KAIST) has unveiled a new multimodal smart speaker system designed to help users track their psychological state, the institute announced on September 24. This innovation comes at a time when concerns about mental health issues among single-person households are growing due to [...]
SEOUL, Sept. 25 (Korea Bizwire) — NC Dinos slugger Matt Davidson has had a productive season for himself, but the same couldn’t be said about his Korea Baseball Organization (KBO) club. Davidson, in his first KBO season after six big-league seasons and another one in Japan, leads the league here with 46 home runs through [...]
SEOUL, Sept. 25 (Korea Bizwire) – GS E&C, a leading South Korean construction firm, announced on September 24 the development of an artificial intelligence-powered translation program called Xi Voice to facilitate communication with foreign workers at construction sites. The innovative tool, designed to address the challenges of a multilingual workforce, can convert spoken Korean into text [...]
New York, United States of America, Sept. 24 (Korea Bizwire) — The UN Global Compact Leaders Summit 2024 concluded today in New York, after a day of dialogue and action focused on accelerating progress towards the Sustainable Development Goals (SDGs). The Summit gathered almost a thousand leaders from business, government, civil society, and the United [...]
NEW YORK and PHOENIX, Sept. 24 (Korea Bizwire) — Copenhagen Infrastructure Partners (“CIP”), through its flagship fund, CI V, and Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy, announced that CIP will acquire the 255MW / 1,020 MWh Scatter Wash standalone battery storage project in Phoenix, Arizona. Strata will continue [...]
MONACO, Sept. 24 (Korea Bizwire) — Innovation and sustainability: these were the keywords at the 4th Monaco Smart & Sustainable Marina Rendezvous. The event, held at the Yacht Club de Monaco on the 22 and 23 September 2024, was organised by Monaco Marina Management (M3) under the aegis of the collective Monaco, Capital of Advanced [...]
SEOUL, Sept. 24 (Korea Bizwire) – The U.S. government’s decision to phase out the sale of vehicles using Chinese or Russian software and components in autonomous driving and communication systems has drawn attention to its potential impact on South Korean automakers and parts suppliers. Industry analysts predict that this move by the U.S. administration could prove [...]