DAEJEON, Jan. 22 (Korea Bizwire) — The Korea Atomic Energy Research Institute (KAERI) announced on January 21 that it has transferred technology for its ARMstrong high-payload dual-arm robot to Victex, a machinery manufacturing company. The technology transfer agreement includes an upfront payment of 180 million won and a 3% royalty on future sales. Victex, which specializes [...]
SEOUL, Jan. 22 (Korea Bizwire) — Members of South Korea’s National Assembly sharply criticized Coupang Inc.’s founder Kim Bom-suk for his absence from a parliamentary hearing on January 21 focused on improving working conditions for the e-commerce giant’s delivery workers, particularly regarding late-night labor practices. The hearing, held by the Environment and Labor Committee, was attended [...]
TOKYO, Jan. 22 (Korea Bizwire) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, has expanded its presence in the Asia-Pacific region, opening a local office in Japan to further engage in the country’s growing energy storage market. Japan is targeting a 46% reduction [...]
SEOUL, Jan. 21 (Korea Bizwire) — Korean manufacturers of power equipment and electrical cables are strengthening their foothold in the United States as demand surges for grid infrastructure upgrades, driven by artificial intelligence and data center expansion. HD Hyundai Electric announced on January 20 its plans to invest 185 billion won to construct a second manufacturing [...]
SEOUL, Jan. 21 (Korea Bizwire) — The Korea Corporate Governance Forum (KCGF) lauded Samsung Electronics for its decision to award executive performance bonuses in company stock, calling it “a significant step toward an advanced compensation model.” In a statement issued on January 20 by Chairman Lee Nam-woo, the forum noted that this marks an important [...]
SEOUL, Jan. 21 (Korea Bizwire) — Korean industries are expressing growing concern with the burden of increased raw material import costs and overseas investment expenses outweighing potential export benefits amid high exchange rates, according to a new report released on January 20. The Korea Chamber of Commerce and Industry surveyed 12 major industry associations to assess [...]
SEOUL, Jan. 21 (Korea Bizwire) — Automotive industry experts on Tuesday urged the government to revise its ambitious target of deploying 4.5 million zero-emission vehicles by 2030, part of the nation’s greenhouse gas reduction goals, to align with practical realities. Yoon Kyung-sun, executive managing director of the Korea Automobile & Mobility Association (KAMA), called the [...]
WASHINGTON, Jan. 20 (Korea Bizwire) – U.S. President Donald Trump on Monday described North Korea as a “nuclear power” and anticipated that North Korean leader Kim Jong-un will be “happy” to see his return to the White House. During a press availability at the Oval Office, Trump made his first public mention of the recalcitrant [...]
SEOUL, Jan. 21 (Korea Bizwire) — Award-winning director Park Chan-wook has recently completed filming his latest movie, “No Other Choice,” distributor CJ ENM said Tuesday. The film began filming last August and is aimed for release later this year. “I started writing the script for this movie almost 17 years ago. I feel deeply emotional [...]
SEOUL, Jan. 21 (Korea Bizwire) — One of the two North Korean soldiers captured by Ukraine this month has claimed that he arrived in Russia without knowing whom he would be fighting, according to another video of his interrogation released by Ukrainian President Volodymyr Zelenskyy. Earlier this month, Zelenskyy disclosed that his forces had captured [...]