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Anaqua to be acquired by Nordic Capital, a leading technology & payments private equity investor

Nordic Capital announced it has entered into exclusive negotiations to acquire a controlling interest in Anaqua from its existing shareholders led by Astorg BOSTON, Nov. 18, 2024 (Korea Bizwire) – Anaqua, a leading provider of innovation and intellectual property (IP) management technology solutions and services, today announces that Nordic Capital, an experienced private equity investor in Technology [...]

At Politecnico di Torino Industry and academic players together for the future of mobility

The ‘Towards the Sustainable Vehicle Era’ workshop offered a debate on the environmental impact and safety of transport in the near future TURIN, Italy, Nov. 18, 2024 (Korea Bizwire) – Electric and hybrid vehicles, batteries, components: the frontiers of research in the field of sustainable transport embrace different and complementary disciplines, all at the forefront [...]

South Korean Robot Makes History by Completing Full Marathon

SEOUL, Nov. 18 (Korea Bizwire) – A quadrupedal robot developed by the Korea Advanced Institute of Science and Technology (KAIST) has become the first of its kind to complete a full marathon, marking a significant milestone in robotics technology. The robot, named Raibo2, finished the 2024 Sangju Persimmon Marathon’s full course (42.195 km) in 4 hours, [...]

Copenhagen Infrastructure Partners’ South Korean offshore wind project Jeonnam 1 delivers first power

Jeonnam Offshore Wind 1, a 96 MW offshore wind project off the coast of Shin-an, is the first commercial-scale offshore wind project in South Korea and is expected to reach commercial operations in 2025 SEOUL, South Korea, Nov. 18, 2024 (Korea Bizwire) – Jeonnam 1 today announced the delivery of first power. The project is [...]

Samsung Marks Key Milestone with Tool-In Ceremony for $14.3B Semiconductor R&D Hub

SEOUL, Nov. 18 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chipmaker, said Monday it held a tool-in ceremony for its new semiconductor research and development (R&D) complex near Seoul. The ceremony marked the installation of the first batch of equipment at the NRD-K complex at its Giheung campus in Yongin, south of [...]

Naver Faces Declining Market Share as AI-Powered Search Engines Reshape South Korea’s Search Landscape

SEOUL, Nov. 18 (Korea Bizwire) – The rate of online searches via Naver Corp., South Korea’s leading internet portal operator, in the country has seen a significant drop over the past nine years amid growing competition, an industry report showed Monday. The Korean portal giant took up a 57.32 percent share of the domestic search [...]

LG Intensifies Climate Action with Ambitious Net-Zero Carbon Goals

SEOUL, Nov. 18 (Korea Bizwire) – LG Group has reinforced its commitment to combat global climate change, detailing its progress toward achieving net-zero carbon emissions by 2050 in a new comprehensive report. The South Korean conglomerate announced on November 17 the publication of its “LG Net Zero Special Report,” its second group-wide carbon neutrality progress report [...]

Hyundai Debuts Racing-Inspired Elantra N TCR Edition

SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Motor Company introduced its new Elantra N TCR Edition on November 17, incorporating technology and design elements from its successful motorsport program. The special edition model takes its name from the TCR (Touring Car Racing) World Tour, a racing series in which Hyundai has competed since 2017. The automaker [...]

LG Unveils Premium Water Purifying Humidifier with Larger Tank

SEOUL, Nov. 17 (Korea Bizwire) – LG Electronics announced November 17 the launch of its 2024 LG PuriCare Object Collection Hydro Tower, a premium water purifying humidifier featuring significant upgrades based on consumer feedback. The new model doubles the water tank capacity of its predecessor, addressing a key user demand identified through the company’s consumer behavior [...]

BYD emphasizes strong partner collaboration in the energy storage market during partner conference

SHENZHEN, China, Nov. 16, 2024 (Korea Bizwire) – BYD Co. Ltd., expands the partner program for BYD Energy Storage solutions. As part of the program, BYD held a partner conference at the BYD headquarters in November 2024, in which partners had the opportunity to voice their experiences, have an exchange with the technical team and receive [...]