BUCHEON, Nov. 15 (Korea Bizwire) — Bucheon, a Gyeonggi Province city on the southwestern outskirts of Seoul, is moving forward with a project to produce electricity from the wind generated by the odor control system at a wastewater treatment facility. The project was designed to produce electricity using the wind generated by a deodorizer, which [...]
SEOUL, Nov. 14 (Korea Bizwire) — The number of “rich people” with financial assets worth 1 billion won (US$847,000) or more increased nearly 11 percent in South Korea last year from a year earlier largely on stock gains, a report showed Sunday. The number jumped 10.9 percent to 39,300 as of last year, around 0.76 [...]
SEOUL, Nov. 13 (Korea Bizwire) — Samsung Electronics Co., the world’s biggest memory chip and mobile phone maker, is inching closer toward the selection of the site for its new chip plant in the United States, industry sources said Friday, as competition is intensifying in the semiconductor industry amid global chip shortages. Lee Jae-yong, the [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. on Friday reported a sharp increase in net losses for the third quarter despite record-high sales revenue, due largely to operational costs and investment. Net losses over the July-September period came to US$323.97 million, up 87 percent from US$173 million a year before, [...]
SEOUL, Nov. 12 (Korea Bizwire) — The German unit of Samsung Electronics Co. has distributed free polishing cloths used to clean smartphones to customers. Experts assume that it is a part of Samsung’s marketing offensive aimed at Apple Inc.’s newly released polishing cloth, which sells for US$19. Technology blog 9to5Mac reported that Samsung Electronics GmbH [...]
SEOUL, Nov. 12 (Korea Bizwire) — The Seoul Metropolitan Government has embarked on a mission to attract global financial agencies and enterprises as part of its efforts to become a global financial hub. The city government announced Thursday that it will invest about 241.8 billion won (US$205 million) over the next five years to attract [...]
SEOUL, Nov. 12 (Korea Bizwire) — Samsung Electronics Co.’s Galaxy Z Flip3 foldable smartphone has been listed on Best Inventions 2021 by U.S. magazine Time. The magazine has selected this year’s best inventions from some 20 different fields. Samsung’s Galaxy Z Flip3 was the only smartphone to be included in the consumer electronics section. “Manufacturers [...]
SEOUL, Nov. 12 (Korea Bizwire) — LG Electronics Inc. has announced plans to launch an automotive augmented reality (AR) software business after years of striving to grow its automotive electronics business into a future cash cow. The South Korean tech giant said Thursday that it will kick-start operations to provide AR software solutions to automakers. [...]
SEOUL, Nov. 11 (Korea Bizwire) — A whistleblower for exposing safety issues surrounding Hyundai Motor Co. and affiliate Kia Corp. automobiles will be awarded US$24 million. The U.S. National Highway Traffic Safety Administration (NHTSA) announced Tuesday that it will award $24 million to a whistleblower who exposed critical information about Hyundai and Kia’s branch office [...]
SEOUL, Nov. 11 (Korea Bizwire) — The South Korean sensation “Squid Game” has reclaimed the No. 1 position on Netflix’s most popular TV show rankings to become the streamer’s top-ranking original series for the most days ever. According to streaming analytics firm FlixPatrol on Wednesday (U.S. time), the Korean-language survival drama regained the No. 1 [...]