From left are chefs Kang Min-goo, Lim Ki-hak, Kwon Hyung-jun, Yim Jung-sik and Lee Chung-hoo. (Image: Yonhap) SEOUL, April 21 (Korea Bizwire) – Samsung Electronics Co. said Friday a renowned South Korean baker has joined the list of chefs providing one of the world’s leading consumer electronics manufacturer with insight and expertise for the development [...]
SEOUL, April 20 (Korea Bizwire) – The number of Samsung Electronics Co.’s Galaxy S8 smartphones registered to mobile carriers in South Korea slowed, industry sources said Thursday, apparently due to a shortage in supply following record-breaking preorders. The distribution of Galaxy S8 smartphones began earlier in the week ahead of the official release slated for [...]
SEJONG, April 20 (Korea Bizwire) – South Korea’s antitrust watchdog said Thursday that it has imposed a combined 70.2 billion-won (US$61.4 million) fine on four local builders for rigging bids for a state railway project. The four companies — Hyundai Engineering & Construction Co., Hanjin Heavy Industries & Construction Co., Doosan Heavy Industries & Construction [...]
POHANG, South Korea, April 18 (Korea Bizwire) – POSCO is investing an additional 50 billion won ($44.1 million) to reduce its greenhouse gas emissions. According to local sources on Monday, the South Korean steel giant plans to boost its environmental measures, including reducing emissions of toxic chemicals and improving maintenance of emissions facilities, by establishing [...]
SEOUL, April 17 (Korea Bizwire) – The main bondholder of Daewoo Shipbuilding & Marine Engineering Co. on Monday agreed to the voluntary debt rescheduling measures proposed by the state-run Korea Development Bank (KDB). The National Pension Service Investment Management said it held a meeting of its investment committee and accepted measures to keep afloat the [...]
SEOUL, April 14 (Korea Bizwire) — A newly revealed 65-inch TV from Chinese manufacturer Skyworth is being accused of copying LG Electronics’ signature OLED TV W model with a name and a design so similar they are almost indistinguishable. The revelation of a new ‘wallpaper’ slim TV model by Skyworth came yesterday at a conference held [...]
SEOUL, April 14 (Korea Bizwire) – SK Group’s chief has shown a strong will to take over the memory division of Japanese tech giant Toshiba Corp., as the group’s chipmaking unit, SK hynix Inc., joined the race for the acquisition. “The bidding for Toshibia that is currently being processed is not binding. Accordingly, the price [...]
SEOUL, April 13 (Korea Bizwire) – Hyundai Motor Co., South Korea’s dominant carmaker, has unveiled a concept SUV under its Genesis luxury brand at the New York Auto Show. The GV80 fuel-cell concept SUV is the first SUV model revealed by Hyundai Motor, on Wednesday, under the independent Genesis brand. The Genesis lineup is currently [...]
SEOUL, April 13 (Korea Bizwire) – Kia Motors Corp., South Korea’s second-biggest carmaker by sales, has added an advanced air filter system to its upgraded Sportage SUV amid growing concerns about deteriorating air quality, the company said Thursday. Kia Motors has launched the latest versions of the Sportage SUV, all mated with a high-performance air-conditioning [...]
SEOUL, April 13 (Korea Bizwire) – A new type of home appliance by LG Electronics that helps keep clothes fresh with steam is proving popular among South Korean consumers, with more than 100,000 units sold since its release, the company announced yesterday. Compared to the first version released in 2015, the new LG Styler is [...]