LAS VEGAS, Jan. 8 (Korea Bizwire) — SK hynix Inc., a South Korean memory chip maker, has said it will invest in the joint establishment of a chip firm in the United States with two other subsidiaries of South Korean conglomerate SK Group to diversify its product portfolio and expand its global business. The world’s [...]
SEOUL, Jan. 7 (Korea Bizwire) — The question about the limit of ‘acceptable behavior’ at coffee shops is sparking a massive public debate. The controversy broke out after a man and a woman at a cafe in the southeastern port city of Busan took up an entire table for six people to engage in a [...]
SEOUL, Jan. 7 (Korea Bizwire) — Public awareness of the Fourth Industrial Revolution has risen in the COVID-19 pandemic era, a poll showed Thursday. The Fourth Industrial Revolution refers to a highly connected economy supported by advances in such areas as 5G, artificial intelligence (AI), big data and Internet of Things. The presidential committee on [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday it has signed an initial agreement with a Singaporean company for partnership in the metaverse platform business. Hyundai Motor has signed a memorandum of understanding (MOU) with Singapore-based three-dimensional contents developing and operating platform firm Unity to establish a future metaverse platform [...]
SEOUL, Jan. 7 (Korea Bizwire) — As global shipbuilding trends are shifting towards a focus on technology, including self-driving ships, Korean shipbuilders are opening a string of research and development (R&D) centers in Pangyo, a district in Seongnam, Gyeonggi Province. Pangyo is often cited as a Korean version of Silicon Valley. Shipbuilding conglomerate Hyundai Heavy [...]
SEOUL, Jan. 7 (Korea Bizwire) — Hyundai Engineering Co., a plant engineering affiliate of Hyundai Motor Group, is making forays into the high-purity hydrogen production business using ammonia, which is widely seen as a next-generation eco-friendly raw material. The company said Thursday that it had signed an investment agreement with local startup AAR to promote [...]
SEOUL, Jan. 7 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Thursday that it joined the Value Balancing Alliance (VBA), a global business alliance organized to promote the development of global ESG standards by measuring ESG performance in a currency value and reflecting this data in account books. ESG is short for environmental, social [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — Samsung Electronics Co. has been working hard on acquisition opportunities, a top executive said Wednesday as the tech giant seeks to provide differentiated products for its customers and further expand its business. “I cannot tell you in detail, but what I can say is that we are extensively reviewing [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — LG Electronics Inc. on Wednesday welcomed visitors to its massive booth, physically and virtually, at the Consumer Electronics Show (CES) in Las Vegas, offering an alternative approach to exhibiting its latest technology innovations amid the raging pandemic. LG Electronics virtually presented its new consumer electronics products, ranging from an [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korean food producers are stepping up to address the growing distribution of copycat products in China. The Korea Food Industry Association established a consortium of food producers to file a lawsuit against Qingdao Taeyangcho Food Co. and Zhengdao Food Co., the two largest K-food imitation producers in China, [...]