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Archive by category Manufacturing

LG to Make Appliances Compatible with Amazon Echo Smart Speaker

SEOUL, Aug. 28 (Korea Bizwire) – LG Electronics Inc. said Sunday that it will make its appliances work with Amazon Echo smart speakers as part of an ongoing process to expand into the artificial intelligence business arena. The global electronics manufacturer said it plans to showcase its appliances working with Amazon’s Alexa voice-controlled intelligent speaker at the Internationale Funkausstellung (IFA) in Berlin that kicks off on Friday. LG said that while Echo does not respond to Korean voice command at present, research [...]

Foreigners May Intervene in Samsung Management After Court Ruling

SEOUL, Aug. 28 (Korea Bizwire) – Foreign stakeholders may expand their intervention in management decisions at Samsung Electronics Co. aftera Seoul court found its vice chairman de facto leader guilty of bribery, market watchers warned Sunday. Foreign investors who collectively hold more than 50 percent stake in the world’s largest smartphone manufacturer may demand the company’s board of directors be replaced as Vice Chairman Lee Jae-yong on Friday was sentenced to [...]

S. Korean Shipyards Still Struggle to Cut Costs amid ‘Order Drought’

SEOUL, Aug. 27 (Korea Bizwire) — South Korean shipyards, led by Hyundai Heavy Industries Co., are still struggling to cut costs through unpaid leave for their workers and shutting down dry docks idled amid a lack of orders, industry sources said Sunday. For decades, the shipbuilding sector has been one of the key growth drivers [...]

Design Patents Targeting Single Households on the Rise

SEOUL, Aug. 24 (Korea Bizwire) — Industrial design patent applications catering to single people are on the rise as the number of single-person households continues to grow in South Korea. According to the Korean Intellectual Property Office (KIPO) on Wednesday, many of the design applications range from objects as basic as food containers to furniture and [...]

Shipyards Rebound But Uncertainties Continue

SEOUL, Aug. 23 (Korea Bizwire) – Stocks of South Korean shipyards, led by Hyundai Heavy Industries Co., rebounded Wednesday, ending their declines for the past few days, but uncertainties still lie ahead over whether they will be able to secure new orders, industry sources said Wednesday. Hyundai Heavy traded at 152,500 won (US$135) on the [...]

LG Electronics to Build EV-parts Factory in U.S.

SEOUL, Aug. 23 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. said Wednesday it will build a factory for the production of electric-vehicle (EV) parts in the United States with an estimated US$25 million, tapping deeper into the vehicle-components business. The construction of the plant in Hazel Park, near the industrial city of [...]

Kia Workers to Stage Partial Strike for Higher Wages

SEOUL, Aug. 21 (Korea Bizwire) – Unionized workers at Kia Motors Corp. will stage a partial strike to demand higher wages, the carmaker’s union said Monday. The walkout planned for Tuesday comes as Kia’s management and its 28,240-strong union failed to narrow a gap over wages and other benefits in this year’s collective bargaining negotiations. [...]

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 [...]

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 [...]

Korean Shipyards at Top of Order Backlog Ranking

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s three major shipyards — Daewoo Shipbuilding & Marine Engineering Co., Samsung Heavy Industries Co. and Hyundai Heavy Industries Co. — maintained their top global ranking in terms of order backlog, industry data showed Friday. According to the data compiled by industry tracker Clarkson Research, Daewoo Shipbuilding’s Geoje [...]