SEOUL, July 10 (Korea Bizwire) – The preference for hybrid models among South Korean consumers has led to the share of Hyundai Motor Co.’s Grandeur sedan’s hybrid models surpassing that of internal combustion engine models. According to the carmaker, hybrid models accounted for 33,056 units or 52.5 percent of the Grandeur’s domestic sales of 62,970 units [...]
LONDON and NEW YORK, July 9 (Korea Bizwire) — Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it will invest an additional £125M in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, [...]
SEOUL, July 9 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s leading steelmaker, said Sunday it has built a secondary battery recycling plant in the southwestern city of Suncheon as part of its push to expand its battery materials business. The plant will be operated by POSCO HY Clean Metal — the joint venture between [...]
SEOUL, July 9 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung has visited Intel’s industrial campus in Ireland as part of efforts to diversify the company’s automotive semiconductor supply, the company said Sunday. Chung looked around the Fab 24 manufacturing facility at Intel’s campus in Kildare county with Intel Corporate Vice President Ann-Marie [...]
SEOUL, July 9 (Korea Bizwire) – Japanese topped the list of inbound travelers to South Korea in the first five months of this year, data showed Sunday. A total of 665,611 Japanese nationals visited South Korea between January and May, accounting for 19.2 percent of total inbound travelers to the country, according to data compiled [...]
SHENYANG, July 9 (Korea Bizwire) — North Korea’s mask imports from China tumbled 78 percent in May from a month earlier, trade data showed Sunday, as it appears to have recently eased strict COVID-19 restrictions. The North’s mask imports from China stood at US$28,746 in May, the lowest level in seven months, according to the [...]
SEOUL, July 9 (Korea Bizwire) — South Korean midfielder Lee Kang-in is taking his talent to Paris. Lee has signed for Paris Saint-Germain, following two seasons with the Spanish side RCD Mallorca, the French league champion announced on its website Sunday. The deal will keep Lee, the first South Korean to don PSG’s red and [...]
SEOUL, July 9 (Korea Bizwire) – The 1997 sci-fi movie “The Fifth Element” features a futuristic city filled with flying cars zooming in and out of the gaps between buildings hundreds of meters above the ground. Some 26 years later, things have developed enough that it is feasible for people to think the world is [...]
SEOUL, July 8 (Korea Bizwire) — Jungkook of K-pop megastar BTS will headline this year’s “Good Morning America” Summer Concert Series, an annual summer concert hosted by the famous U.S. morning talk show. The vocalist will open the concert on July 14 at New York’s Central Park with “Seven,” his first official solo song set [...]
SEOUL, July 8 (Korea Bizwire) — South Korea conducted regular military drills last month to enhance defense capabilities of its easternmost islets of Dokdo, a defense official said Friday. The exercise took place in waters near the islets late last month at a similar scale as the previous year, the official told reporters on condition [...]