SEOUL, Sept. 21 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Thursday it has signed an agreement with three foreign institutions on the development of a large liquefied carbon dioxide carrier. The deal calls for Hanwha Ocean and the institutions to share their know-how and experiences to develop a 40,000-cubic-meter liquefied CO2 [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor Company and its labor union have decided to hire more younger workers for a new electric vehicle factory in Ulsan. Employees in their 20s and 30s will make up 30 percent of the workforce. The new Ulsan EV plant, set to be completed in 2025, will have 30 [...]
SEOUL, Sept. 20 (Korea Bizwire) – Ultra-affordable beer is now available for just 6,000 won for four cans, significantly cheaper than imported beers priced at 11,000 won for four cans, as well as local brands like Cass and Terra. Convenience store chain CU announced on Tuesday the launch of ‘Seomin Beer,’ a beer version of ‘Seomin [...]
SEOUL, Sept. 19 (Korea Bizwire) — LG Electronics Inc. said Tuesday it held a global conference aimed at enhancing its smart TV content and platform business. The South Korean tech company said some 300 content developers and business partners from 30 countries attended the webOS Partner Summit, held at LG Science Park in western Seoul, [...]
SEOUL, Sept. 19 (Korea Bizwire) — South Korean builder POSCO E&C Co. said Tuesday it will seek to sharply boost its corporate value over the next 12 years by shifting to a new eco-friendly growth strategy. POSCO E&C, the construction arm of South Korea’s top steelmaker POSCO Holdings Inc., said it is targeting to register [...]
SEOUL, Sept. 19 (Korea Bizwire) – South Korea’s imports of Japanese seafood have declined for five straight months. In contrast, the nation’s imports of Asahi beer saw a nearly five-fold jump last month. According to the Korea Customs Service, South Korea imported 1,622 tons of Japanese seafood last month, down 24.9 percent from a year ago. [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean imports of Japanese seafood fell for the fifth consecutive month in August on concerns over Japan’s release of treated radioactive water, government data showed Monday. Seoul imported US$7.81 million worth of fishery products from the neighboring country last month, down 34.8 percent from a year earlier, according [...]
SEOUL, Sept. 18 (Korea Bizwire) — SK Broadband Co., a major South Korean internet service provider, said Monday that it will end the yearslong legal battle with Netflix over network usage fees. “We agreed to end all disputes and work together as partners for the future,” the company said in a statement, without elaborating on [...]
SEOUL, Sept. 13 (Korea Bizwire) — With the one year anniversary of Samsung Electronics Co.’s release of its mid- to long-term environmental management strategy nearing, the South Korean tech giant has said it was on the path toward achieving net zero companywide by 2050. In September last year, Samsung unveiled the New Environmental Strategy, detailing [...]
SEOUL, Sept. 11 (Korea Bizwire) –Hyundai Engineering & Construction Co. (Hyundai E&C) said Monday it has signed a partnership deal with a local energy IT startup via an equity investment in an effort to break into the power brokerage business. Hyundai E&C, South Korea’s No. 2 builder, didn’t disclose the amount of its investment in [...]