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S. Korean ‘Smart Farm Packages’ Exported to Central Asia

S. Korean ‘Smart Farm Packages’ Exported to Central Asia

SEJONG, Mar. 20 (Korea Bizwire) — The Foundation of Agricultural Technology Commercialization and Transfer announced on Tuesday it is now exporting ‘smart farm packages’ comprised of the equipment, materials, and plants needed for starting a smart farm, to Kazakhstan, Uzbekistan, and other Central Asian countries. The foundation signed a 4.7 billion won (US$4.2 million) deal [...]

Hyundai, Kia to Invest $300 mln in Indian Ride-hailing Firm

Hyundai, Kia to Invest $300 mln in Indian Ride-hailing Firm

SEOUL, Mar. 19 (Korea Bizwire) — Hyundai Motor Co. and its affiliate, Kia Motors Corp., will invest a combined 338.4 billion won (US$300 million) in India’s biggest ride-hailing firm, Ola, in their single biggest investment ever, Hyundai said Tuesday. Hyundai Motor and Kia Motors will invest $240 million and $60 million, respectively, in Ola to [...]

Samsung, SK hynix Suffer Sharp Cuts in Earnings Forecasts

Samsung, SK hynix Suffer Sharp Cuts in Earnings Forecasts

SEOUL, Mar. 19 (Korea Bizwire) – South Korean brokerage houses have sharply downgraded their first-quarter earnings forecasts for Samsung Electronics Co. and SK hynix Inc., citing tumbling memory chip prices, a corporate tracker said Tuesday. The market consensus of Samsung’s operating profit for the January-March period stands at 8.33 trillion won (US$7.36 billion), down about 47 percent [...]

Sales of Golf Equipment Soar Despite Severe Air Pollution

Sales of Golf Equipment Soar Despite Severe Air Pollution

SEOUL, Mar. 18 (Korea Bizwire) — With spring just around the corner in South Korea, the warm weather is attracting people to engage more in outdoor activities, boosting sales of golf equipment. Despite severe air pollution that has blanketed the Korean peninsula in recent months, and undermined sales of outdoor sports gear, golf equipment has [...]

Drugmakers Decide on Capital Spending

Drugmakers Decide on Capital Spending

SEOUL, Mar. 18 (Korea Bizwire) — Several South Korean pharmaceutical companies have decided to make new facility investments in a bid to hone their competitiveness, industry sources said Monday. The decisions, made at annual shareholder meetings, are seen as reflecting their efforts to streamline and expand infrastructure for research and development (R&D), as well as [...]