SEOUL, Sept. 27 (Korea Bizwire) – Woowa Brothers, the operator of South Korea’s popular food delivery app Baemin, is on track to top the list of workplace injury claims for the third year running, according to data released by the Korea Workers’ Compensation and Welfare Service. From January to August of this year, Woowa Brothers reported [...]
SEOUL, Sept. 27 (Korea Bizwire) — Kia Corp. said Friday it has completed building Hyundai Motor Group’s first manufacturing facility dedicated solely to electric vehicles, which boasts an annual capacity of producing 150,000 units. Kia held a ceremony for the Kia Gwangmyeong EVO Plant, located at Kia Autoland in Gwangmyeong, just south of Seoul, which [...]
SEOUL, Sept. 27 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Friday it has secured a 674.6 billion-won (US$511.3 million) order to build four container ships from an Asian shipper. HD Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]
SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s Personal Information Protection Commission (PIPC) has imposed a fine of 1.1 billion won on Worldcoin, a cryptocurrency project that collected iris scans from about 30,000 South Korean users without proper legal grounds and transferred the data overseas in violation of privacy laws. The PIPC announced on September 26 [...]
SEOUL, Sept. 26 (Korea Bizwire) –Hyundai Motor Group said Thursday it plans to develop an unmanned firefighting robot to deal with underground electric vehicle fires in underground parking lots. The automotive group said it will partner with the National Fire Agency to develop the firefighting robot by the end of the year and deploy them [...]
SEOUL, Sept. 26 (Korea Bizwire) – As the global electric vehicle (EV) market navigates through a period of slowing demand, a clear divergence in consumer preferences is emerging between South Korea’s domestic market and its export destinations. According to data from the Korea Automobile & Mobility Association (KAMA), small electric vehicles are gaining traction domestically, while [...]
JEONJU, Sept. 26 (Korea Bizwire) – In a significant leap for smart farming technology, South Korean researchers have developed an artificial intelligence system capable of identifying non-laying hens in commercial egg operations, the Rural Development Administration (RDA) announced on September 25. The innovative technology, a result of collaboration between the National Institute of Animal Science, Jeonbuk [...]
SEOUL, Sept. 26 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automotive companies, said Thursday they have launched a joint project to develop cathode material technology for producing LFP (lithium iron phosphate) batteries for electric vehicles. The joint project, also involving Hyundai Steel Co. and Ecopro BM Co., aims to develop [...]
SEOUL, Sept. 25 (Korea Bizwire) – The Organization for Economic Cooperation and Development (OECD) slashed the growth outlook for the South Korean economy to 2.5 percent this year, Seoul’s finance ministry said Wednesday. The latest figure marked a 0.1 percentage point fall from its projection presented in May and is on a par with the [...]
SEOUL, Sept. 25 (Korea Bizwire) – Seoul is set to introduce the country’s first nighttime self-driving taxi service in the bustling Gangnam district starting September 26. The service will be accessible through Kakao T, the same popular ride-hailing app used for conventional taxis. According to Seoul city officials, the autonomous taxis will operate from 11 p.m. [...]