SEOUL, July 1 (Korea Bizwire) – A new company integrating two Samsung Group companies, Samsung SDI and Cheil Industries, has set sail on July 1. The two companies had decided to merge with each other in March this year in board of directors meetings. The newly created company, which retained the name of Samsung SDI, will be [...]
SEOUL, June 26 (Korea Bizwire) – LG Innotek, an electronics components manufacturer and an affiliate of LG Group, opened its first overseas plant in Mexico on June 26. The Seoul-based company’s first overseas automotive components plant will be up and running for the production of auto components to better serve its leading Tier-1 automotive customers and strengthen its [...]
FORT WORTH, Texas, June 25, 2014 (Korea Bizwire)–BAE Systems has begun to upgrade 134 South Korean F-16 aircraft in partnership with the U.S. Air Force. Two of the F-16s recently arrived at the company’s modification facility at Alliance Airport in Fort Worth, Texas, where they will be equipped with advanced weapons and next-generation avionics, including [...]
SEOUL, June 17 (Korea Bizwire) – A virtual reality application called “Fusion VR,” which was developed by Korean app developer ARC Interactive, received acclaim for its innovative feature in “Asia Smartphone Application Contest Awards 2014″ by winning the “Merit Award” in the creative lifestyle category. The annual event was hosted by the Korea Association for [...]