SEOUL, Aug. 26 (Korea Bizwire) — Uber announced Tuesday that it will introduce its subscription-based membership program in South Korea next month, escalating competition in the country’s mobility market as rivals race to lock in loyal customers. At a press briefing in Seoul, Uber Taxi Korea head Song Jin-woo said the service, called Uber One, [...]
SEOUL, Aug. 26 (Korea Bizwire) — The National Museum of Korea is poised to set a new attendance record this year, with officials projecting more than 5 million visitors for the first time in its 80-year history. As of August 25, the museum had welcomed nearly 4.19 million people, already surpassing the total for all [...]
WASHINGTON, Aug. 26 (Korea Bizwire) — When President Donald J. Trump sat down with South Korean President Lee Jae-myung at the White House on Monday, it did not take long for old ambitions to resurface. Amid the pleasantries of their first summit since Mr. Lee took office in June, Mr. Trump signaled a desire to revive a [...]
SEOUL, Aug. 26 (Korea Bizwire) — Tesla announced Tuesday that it will formally launch its long-awaited Cybertruck in South Korea, underscoring growing demand for high-end electric vehicles in one of the world’s most tech-savvy markets. Two trims will be offered: the all-wheel-drive (AWD) model, with an estimated range of 520 kilometers, and the Cyberbeast, with [...]
SEOUL, Aug. 26 (Korea Bizwire) — President Donald J. Trump suggested this week that the United States should seek ownership of land hosting American military bases in South Korea, a remark that unsettled officials in Seoul and fueled concerns that his brand of “new expansionism” could complicate the alliance. During a summit with South Korean President [...]
SEOUL, Aug. 26 (Korea Bizwire) — LG Electronics said Tuesday it will roll out its upgraded artificial intelligence home platform, LG ThinQ AI, across Europe in September, marking a major expansion of its connected appliance ecosystem. The company has long offered European customers remote control and Internet-of-Things (IoT) connectivity through its original ThinQ service. But [...]
SEOUL, Aug. 26 (Korea Bizwire) — HD Hyundai Co., South Korea’s leading shipbuilding conglomerate, said Tuesday it has signed an initial agreement to create a joint investment program aimed at rebuilding the U.S. shipbuilding industry, as part of bilateral cooperation between Seoul and Washington. The memorandum of understanding (MOU) was signed in Washington on Monday [...]
WASHINGTON & SEOUL, Aug. 26 (Korea Bizwire) — When President Lee Jae Myung sat down for his first summit with Donald J. Trump on Monday, the mood could hardly have been more precarious. Hours earlier, Mr. Trump had taken to Truth Social to suggest that South Korea was undergoing something like a “purge or revolution,” [...]
SEOUL, Aug. 26 (Korea Bizwire) — Samsung Heavy Industries Co., a major shipbuilder in South Korea, said Tuesday it has signed a strategic partnership with the United States’ Vigor Marine Group to cooperate on maintenance, repair and overhaul (MRO) of U.S. naval support ships. The company said it will actively participate in the U.S. Navy’s MRO [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s automotive giant Hyundai Motor Group has decided to increase to US$26 billion its investment commitment to the United States over the next four years, with a focus on steel, automobiles and robotics, the group said Tuesday. The investment, which was unveiled following President Lee Jae Myung’s first [...]