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SK Telecom, Starbucks to Test AI Order

SK Telecom, Starbucks to Test AI Order

SEOUL, Aug. 22 (Korea Bizwire) — SK Telecom Co., South Korea’s No. 1 mobile carrier, said Tuesday it joined forces with Starbucks Korea to allow users of its artificial intelligence (AI) device NUGU to order drinks via voice. Under the agreement, SK Telecom plans to connect NUGU to Starbuck’s order application, allowing users to order [...]

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

SEOUL, Aug. 21 (Korea Bizwire) – The domestic shipbuilding industry was engulfed in a wave of low spirits as shipping publication “Tradewinds” and eBest Investment and Securities (eBest) both reported that French company CMA CGM had signed a letter of intent with two Chinese shipbuilding firms for nine container ships. The reason for the Korean [...]

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]

Despite Highest Rate of Industrial Robots Per Worker, South Korea Lags Behind in Robotics

Despite Highest Rate of Industrial Robots Per Worker, South Korea Lags Behind in Robotics

SEOUL, Aug. 21 (Korea Bizwire) – Despite boasting the highest number of industrial robots per worker, South Korea is lagging far behind the U.S., Europe and Japan when it comes to technology in robot manufacturing, according to a new report. The report on the global robotics industry released by the Bank of Korea on Sunday says [...]

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]

Ministry of Agriculture to Look Into Corruption Issues in Wake of Egg Contamination Scandal

Ministry of Agriculture to Look Into Corruption Issues in Wake of Egg Contamination Scandal

SEOUL, Aug. 21 (Korea Bizwire) — The Ministry of Agriculture is set to look into issues of corruption surrounding the recent egg contamination scandal that swept across South Korea, after discovering some former government officials now work for private environmental certification issuers. “Once the contamination scandal calms down, we plan to look into the possible causes [...]

Egg Sales in South Korea Drop Amid Contamination Scandal

Egg Sales in South Korea Drop Amid Contamination Scandal

SEOUL, Aug. 21 (Korea Bizwire) – Sales of eggs in South Korea sharply declined last week amid safety concerns sparked after eggs from local farms were found to be contaminated with banned chemicals, industry data showed Sunday. Egg sales at the country’s largest discount store chain E-Mart from Wednesday to Saturday declined 40 percent compared to the same period the previous week, its operator E-Mart Inc. said. Lotte Mart, another [...]

Samsung’s Strategic Decision-making in Limbo amid Leader’s Absence

Samsung’s Strategic Decision-making in Limbo amid Leader’s Absence

SEOUL, Aug. 21 (Korea Bizwire) — Crucial decision-making at global tech firm Samsung Electronics Co. has been pushed back since its de facto leader Lee Jae-yong was imprisoned in February, industry sources said Monday. According to the sources, Samsung held fewer in-house strategy meetings in the second quarter compared with the year earlier period. The [...]

LG Opens Very First Built-in Home Appliance Showroom in South Korea

LG Opens Very First Built-in Home Appliance Showroom in South Korea

SEOUL, Aug. 18 (Korea Bizwire) – LG Electronics has opened a high-end showroom showcasing built-in home appliances for the first time in South Korea, as the electronics giant ramps up efforts to target the built-in white goods market in its home country. The very first showroom store named after LG’s premium ‘Signature Kitchen SUITE’ brand [...]