POHANG, Aug. 26 (Korea Bizwire) – On a sweltering August day, the POSCO steel mill in Pohang hums with activity. But it’s not just human workers feeling the heat — artificial intelligence is taking on some of the most challenging and dangerous tasks in this sprawling industrial complex. At a product inspection area about 15 minutes [...]
ASHKENT, June 14 (Korea Bizwire) – South Korean train manufacturer Hyundai Rotem Co. signed a contract to supply high-speed trains to Uzbekistan on Friday during President Yoon Suk Yeol’s state visit to the Central Asian nation, marking the first export of bullet trains built with homegrown technology. The agreement was signed at a ceremony attended [...]
SEOUL, Jun. 12 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has launched a review of chip design software giant Synopsys Inc.’s proposed acquisition of engineering software firm Ansys Inc. The U.S.-based software maker said in January that it struck a US$35 billion deal to buy Ansys, an American firm that makes software [...]
SEOUL, Jun. 5 (Korea Bizwire) –Doosan Bobcat, a leading manufacturer of compact construction equipment, has inaugurated a new production facility dedicated to mini excavators at its Chennai plant, the company announced on June 5. After nine months of construction, Doosan Bobcat has completed an 11,300-square-meter mini excavator production line within the existing premises of its [...]
SEOUL, May 24 (Korea Bizwire) — The chipmaking sector’s upside cycle may last into the first half of next year and possibly beyond that time, giving a boost to the country’s exports, a report from the Bank of Korea said Friday. The global chipmaking sector rebounded early last year on the back of a boom [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s industry ministry said Thursday it plans to make proactive efforts to help manufacturing firms roll out planned investments without delay amid looming challenges in the business environment. The announcement came amid growing uncertainties in the market, including prolonged monetary tightening, which may have an adverse impact on [...]
SEOUL, Apr. 18 (Korea Bizwire) – Over the past decade, Taiwan’s 100 largest companies by market capitalization have surpassed their South Korean counterparts in terms of total market value and operating profits, according to a new analysis. A study by the corporate data research firm CEOScore, which examined the top 100 non-financial companies in South Korea [...]
SEOUL, Apr. 15 (Korea Bizwire) — South Korea’s exports of information and communication technology (ICT) products gained ground for the fifth consecutive month in March, driven by a yearly high performance of semiconductors, data showed Monday. Outbound shipments of ICT products came to US$18.8 billion last month, up 19.4 percent from $15.8 billion a year [...]
SEOUL, Apr. 15 (Korea Bizwire) — Major smartphone manufacturers are taking steps to grant consumers greater “right to repair” their devices amidst growing demands. On April 11, Apple announced that certain iPhone models can now be repaired using recycled components. Previously, iPhone users had to undergo “part pairing” when self-repairing their devices, only allowing parts that [...]
SEOUL, Apr. 1 (Korea Bizwire) — South Korea’s exports moved up for the sixth consecutive month in March on the back of the robust performance of chips, data showed Monday. Outbound shipments gained 3.1 percent on-year to US$56.5 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports [...]