SEOUL, May 27 (Korea Bizwire) — LG Chem, South Korea’s leading chemicals and battery maker, will team up with U.S. energy giant Duke Energy to build a battery-based energy storage system at a retired coal power plant in Ohio, the companies said Wednesday. LG Chem said it will provide the operating system and batteries for the [...]
SEOUL, May 27 (Korea Bizwire) — Hyundai Motor, South Korea’s top automaker, said Wednesday it will release the world’s first car that links to U.S. Google’s Android Auto app, adding the service will officially kick off in the United States later this month. The platform will be first applied to the 2015 Sonata sedan and will [...]
“The Korean market is very important to Mercedes-Benz. It is one of our top 10 markets around the world. One thing I think that signifies this market is that we have very educated and demanding customers. They are technology-oriented. So if you are successful in Korea, you can be successful in other parts of the [...]
SEOUL, May 26 (Korea Bizwire) – As more people enjoy their own coffee at home or at work, sales of capsule coffee machines are going through the roof. Nescafe Dolce Gusto, the largest capsule coffee machine provider in Korea, announced on May 25 that sales of capsule coffee machines in the first quarter this year [...]
SEOUL, May 26 (Korea Bizwire) – Hyundai Heavy Industries (HHI) recently set a milestone with the delivery of its 2,000th ship. The achievement is an unprecedented record, unmatched by shipyards in Europe and Japan with more than 100 years of shipbuilding history. On May 25, HHI announced that it became the world’s first shipbuilder to deliver [...]
SEOUL, May 26 (Korea Bizwire) – At the start of “King of Mask Singer,” a variety show by MBC, a famous comedian said, “’King of Mask Singer’ will bring about a revolution for Sunday entertainment programs.” His prediction seemed somewhat exaggerated, but it wasn’t a bad guess. “King of Mask Singer” is a Korean singing [...]
SEOUL, May 26 (Korea Bizwire) – Samsung Electronics will accept pre-orders for its Galaxy S6 Edge Iron Man Edition from May 27 in Korea. The electronics giant will limit sales of the special edition to 1,000 units. Motivated by Iron Man’s armor in Marvel’s Avengers series, the limited edition Galaxy S6 Edge draws inspiration from the famous [...]
SEOUL, May 26 (Korea Bizwire) — Cash-strapped South Korea handset maker Pantech said Tuesday it has asked a local court to end its receivership as no viable investors sought to take over the once No. 2 handset maker in the country. Pantech, which was put under court protection August last year, has been on the [...]
SEOUL, May 26 (Korea Bizwire) — South Korean lender Woori Bank said Tuesday it has launched a mobile-only bank service ahead of establishing an Internet-only bank. Woori Bank’s “WiBee Bank” will serve as a test bed for simplified services that will later be part of its envisioned Internet-only bank unit, the lender said in a press [...]
SEOUL, May 26 (Korea Bizwire) — South Korean chip giants Samsung Electronics and SK hynix grabbed a record 75 percent share of the global mobile dynamic random access memory (DRAM) market in the first quarter on Samsung’s stellar performance, data showed Tuesday. Samsung, the world’s top maker of mobile DRAMs, took up 52.1 percent of the global market [...]