Korea Bizwire, Author at Be Korea-savvy
Samsung Heavy Ties Up with Microsoft for Shipyard Digitalization

Samsung Heavy Ties Up with Microsoft for Shipyard Digitalization

SEOUL, Nov. 29 (Korea Bizwire) — Samsung Heavy Industries Co. said Monday it has signed a deal with Microsoft Korea to cooperate on the digitalization of its shipyard. Samsung Heavy said it plans to build up a collaboration system among each shipbuilding sector in its shipyard by using cloud computing service Azure, artificial intelligence, group [...]

Nearly Half of Hospitality Firms Marginal in 2020 amid Pandemic

Nearly Half of Hospitality Firms Marginal in 2020 amid Pandemic

SEOUL, Nov. 29 (Korea Bizwire) — Nearly half of South Korean hospitality companies were unable to service their debts with earnings in 2020 in the wake of the coronavirus pandemic, a report showed Monday. The report from the Federation of Korean Industries (FKI), the lobby for South Korea’s family-controlled conglomerates, showed 45.4 percent of firms [...]

E-commerce Operators Ignore Losses in Cutthroat Competition for Market Share

E-commerce Operators Ignore Losses in Cutthroat Competition for Market Share

SEOUL, Nov. 29 (Korea Bizwire) — Competition is heating up among South Korean e-commerce operators to get the upper hand in the market. Regardless of losses, they are making aggressive investments while focusing on increasing their market share. Investment has primarily focused on logistics centers and marketing. E-commerce giant Coupang Inc., which recently raised funds [...]

Venture Capitalists Flock to Early-stage Startups Despite Higher Risk Burden

Venture Capitalists Flock to Early-stage Startups Despite Higher Risk Burden

SEOUL, Nov. 29 (Korea Bizwire) — Large companies and venture capitalists are aggressively investing in and exploring initial-stage startups that have relatively high risk of failure, as part of efforts to acquire stakes in such startups through ‘seed investment’ before their market value is pushed up. Local venture capital firm TBT Partners has invested about [...]

UAE’s GreenDome Investments Acquires Elite Co. in Multi-Million Dollar Middle East Logistics Deal

UAE’s GreenDome Investments Acquires Elite Co. in Multi-Million Dollar Middle East Logistics Deal

DUBAI, United Arab Emirates, Nov. 28 (Korea Bizwire) — GreenDome Investments announced today that it has closed on the acquisition of Elite Co. from Prama Holdings. Elite Co. is a leading fully integrated land freight and courier solutions providers in the Middle East. The transaction represents one of the region’s largest acquisitions in the logistics [...]

Philips Spotlights New and Enhanced Vendor-neutral Radiology Workflow Solutions and Scalable Smart Connected Imaging Systems at RSNA 2021

Philips Spotlights New and Enhanced Vendor-neutral Radiology Workflow Solutions and Scalable Smart Connected Imaging Systems at RSNA 2021

Amsterdam, the Netherlands and Chicago, USA, Nov. 28 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, will showcase how the company’s portfolio of vendor-neutral radiology workflow solutions and enterprise-scalable smart connected imaging systems is helping to increase diagnostic confidence and efficiency during the Radiological Society of North America (RSNA) annual meeting (November [...]