SEOUL, Sept. 6 (Korea Bizwire) — Heavy machinery and power equipment conglomerate Doosan Group said Wednesday that it is planning to enter the so-called collaborative robot market soon with a plan to start selling such robots next year. Doosan set up a robot-developing unit in 2015, which recently showcased four collaborative robot models. Rather than [...]
SEOUL, Sept. 5 (Korea Bizwire) — According to figures released by Statistics Korea, the production diffusion index for the mining and manufacturing industries in July was calculated at 48.8. The production diffusion index is a tool that takes all of the eighty sub-industries included in the mining and manufacturing industries and measures the types that [...]
SEOUL, Sept. 5 (Korea Bizwire) — With new smartphone lineups set to be introduced later this year, many manufacturers are prioritizing improved cameras to attract consumers in an increasingly competitive industry. As the obsession with the number of pixels dies down, with more consumers becoming interested in other aspects of smartphone cameras, most of the [...]
SEOUL, Sept. 5 (Korea Bizwire) – Creditors of Kumho Tire Co. and China’s Qingdao Doublestar Co. failed to narrow differences on a demand by the Chinese firm to cut its bid price for a controlling stake in the South Korean tiremaker, an industry source said Tuesday. The failure is likely to lead to a termination [...]
SEJONG, Sept. 4 (Korea Bizwire) – Purchases made through mobile devices in South Korea hit a fresh record high in July as smartphones are widening their presence in the world’s most wired country, government data showed Monday. Mobile transactions through smartphones and tablets reached a record 4.01 trillion won (US$3.6 billion) in July, up 35.1 [...]
SEOUL, Sept. 4 (Korea Bizwire) – Samsung Electronics Co.’s Galaxy Note 8 is expected to come with a price tag of 1.09 million won (US$962) here, industry sources said Monday, hovering above that of the device’s predecessor. According to the sources, the 64 GB Galaxy Note 8 is expected to come with a factory price [...]
SEJONG, Sept. 1 (Korea Bizwire) — South Korea’s exports extended their double-digit growth to eight straight months in August on record shipments of semiconductors, government data showed Friday. Outbound shipments came to US$47.1 billion in the month, up from $40.1 billion tallied a year earlier, according to data compiled by the Ministry of Trade, Industry [...]
SEOUL/DAEGU, Aug. 31 (Korea Bizwire) – Hyundai Robotics Co. was officially launched on Thursday as the holding company of the Hyundai Heavy Industries Group with the aim to diversify its products and exports markets. The company started operations at its new headquarters in Daegu, 302 kilometers southeast of Seoul, where it completed a smart factory [...]
SEJONG, Aug. 31 (Korea Bizwire) — South Korea’s industrial output rose at the fastest pace in six months in July on gains in cars and electronic devices, government data showed Thursday. Production in the mining, manufacturing, gas and electricity industries climbed 1.9 percent on-month in July, turning around from a 0.5 percent on-month drop in [...]
SEOUL, Aug. 31 (Korea Bizwire) — Mercedes-Benz, Volkswagen and two vehicle importers will recall over 40,000 vehicles in South Korea for faulty parts, the transport ministry said Thursday. This is the latest in a series of recall orders issued by the Ministry of Land, Infrastructure and Transport to both domestic and foreign carmakers. The carmakers, [...]