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Hyundai Mobis Showcases Hydrogen Fuel-based Power Generator

Hyundai Mobis Showcases Hydrogen Fuel-based Power Generator

SEOUL, Feb. 13 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s top auto parts maker, said Wednesday that it has begun operations of a hydrogen fuel cell-based power generator. The generator employed at the company’s Chungju factory, 147 kilometers southeast of Seoul, is equipped with fuel cells powering the midsize Nexo SUV. The Nexo hydrogen [...]

Imported Car Brands Turn a Blind Eye to ‘Lemon Law’, Except for Volvo Korea

Imported Car Brands Turn a Blind Eye to ‘Lemon Law’, Except for Volvo Korea

SEOUL, Feb. 13 (Korea Bizwire) — The so-called ‘Lemon Law’, which allows for exchanges or refunds following new automobile purchases, took effect on January 1. However, a lack of cooperation from some imported car businesses is raising controversy over ‘reverse discrimination’ among companies. The ‘Lemon Law’ came as a result of the series of fire [...]

Products Recalled Overseas Sold in S. Korea

Products Recalled Overseas Sold in S. Korea

SEOUL, Feb. 13 (Korea Bizwire) — More than 130 overseas products that had been recalled in other countries for safety reasons were sold in the local market last year, the Korea Consumer Agency said Wednesday. The agency recommended sales suspension, product exchanges, free repairs and other remedy measures on 132 such products in 2017, up [...]

South Korean Consortium Chosen as F-35 Maintenance Partner

South Korean Consortium Chosen as F-35 Maintenance Partner

SEOUL, Feb. 12 (Korea Bizwire) — A consortium of six South Korean firms has been selected as a partner for the maintenance of the U.S.-made radar-evading F-35 fighter, Seoul’s state arms procurement agency said Tuesday. The Defense Acquisition Program Administration (DAPA) said that Ellen M. Lord, the U.S. undersecretary of defense for acquisition and sustainment, [...]

No Need for Health Supplements, Pollack Increases Muscle Mass Without Exercise

No Need for Health Supplements, Pollack Increases Muscle Mass Without Exercise

BUSAN, Feb. 12 (Korea Bizwire) — Pollack, one of the most common white fish, has been found to play an important role as a health supplement. According to the Korea Overseas Fisheries Association on Monday, such results were published by Nippon Suisan Kaisha, Ltd. in November 2017. It was found that the protein content of [...]

Hyundai Heavy to Sign Formal Deal to Take Over Daewoo Shipbuilding

Hyundai Heavy to Sign Formal Deal to Take Over Daewoo Shipbuilding

SEOUL, Feb. 12 (Korea Bizwire) — Hyundai Heavy Industries Co., the world’s largest shipyard by sales, is set to buy its smaller local rival Daewoo Shipbuilding & Marine Engineering Co., the state-run Korea Development Bank said Tuesday. KDB said Samsung Heavy Industries Co., a major South Korean shipyard, has stated its intention not to join [...]