SEOUL, Sept. 4 (Korea Bizwire) — SK Telecom Co., South Korea’s leading telecommunications company, said Wednesday it will join hands with Perplexity, a U.S. artificial intelligence startup, in a bid to transform the global search engine market. In a joint press conference in Seoul, SK Telecom and Perplexity outlined their vision to co-lead the AI [...]
SUWON, South Korea, Sept. 4 (Korea Bizwire) — A powerful union of bus drivers in Gyeonggi Province, which surrounds Seoul, called off a strike planned for Wednesday after reaching a last-minute wage hike agreement with their employers before dawn. The union, which has about 90 percent of city and intercity bus drivers in the nation’s [...]
SEOUL, Sept. 4 (Korea Bizwire) – In a significant shift within South Korea’s fiercely competitive food delivery app market, the long-standing market leader, Baemin, has seen its market share dip below 60% for the first time in two years. This change comes as rival Coupang Eats gains ground, capitalizing on the prolonged free delivery competition that [...]
SEOUL, Sept. 4 (Korea Bizwire) – Mercedes-Benz is facing scrutiny in South Korea as vehicle owners have filed complaints with the Korea Consumer Agency, alleging that the company provided incorrect information about the battery manufacturer in some of its electric vehicles. According to industry sources, the Korea Consumer Agency is currently reviewing the facts surrounding the [...]
SEOUL, Sept. 3 (Korea Bizwire) – Hyundai Motor Company announced on September 3 the launch of EV Every Care Plus, a program designed to provide integrated management of customers’ electric vehicle lifestyles. The South Korean automaker stated that the program aims to alleviate concerns about electric vehicles and boost customer satisfaction, ultimately promoting the widespread adoption [...]
SEJONG, Sept. 3 (Korea Bizwire) – POSCO International, a major South Korean trading firm, said Tuesday it has inked an agreement to purchase shares in an Australian mining firm for US$40 million to secure a supply of graphite from a Tanzanian mine. POSCO International signed the agreement with Black Rock Mining Ltd. which will bring [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hanwha Ocean Co., a major South Korean defense and shipbuilding company, said Tuesday it has begun maintenance, repair and overhaul (MRO) services for a 40,000-ton logistics support vessel of the U.S. Navy. The Wally Schirra arrived at Hanwha Ocean’s shipyard in Geoje on the southern coast of South Korea [...]
SEOUL, Sept. 3 (Korea Bizwire) — As South Korea grapples with shifting demographics and evolving living patterns, major construction companies are introducing innovative apartment designs that allow residents to easily modify their living spaces. On August 31, industry leaders showcased new floor plans that break from traditional layouts, offering adaptable structures that can be customized to [...]
SEOUL, Sept. 3 (Korea Bizwire) — In South Korea, a rush for loans at internet banks is intensifying as the country’s five largest banks continue to impose lending restrictions. Customers are flocking to online lenders, which are perceived as more accessible, in a phenomenon known as “open runs” – where borrowers attempt to secure loans as [...]
SEOUL, Sept. 3 (Korea Bizwire) — Casper Electric, the new entry-level mini SUV model from Hyundai Motor Co., made a strong debut last month to become the company’s bestselling electric vehicle model in South Korea, according to industry data Tuesday. The combined domestic sales of Hyundai Motor EVs, including the Casper Electric, Kona Electric, Ioniq [...]