SEOUL, Jan. 18 (Korea Bizwire) — Samsung Group is once again facing turmoil as its de facto chief, Lee Jae-yong, was again imprisoned in a bribery case, sparking worries that uncertainties may further increase over business and investment plans by the global tech behemoth in the post-pandemic era. A Seoul court on Monday sentenced Samsung [...]
SEOUL, Jan. 18 (Korea Bizwire) — With increasing uncertainty in the automotive industry as the pandemic drags on, Hyundai Motor Group is facing a dilemma over the construction of its planned Global Business Center (GBC), a life’s dream for honorary chairman Chung Mong-koo. The world’s fifth-largest automotive group is currently split over whether to build [...]
SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Group’s environment-friendly vehicle sales in the global market jumped 36 percent to over 500,000 units in 2020 from a year earlier, industry data showed Sunday. Hyundai Motor Co., South Korea’s top automaker, and its affiliate Kia Motors Corp. sold a total of 501,487 units of eco-friendly models, [...]
SEOUL, Jan. 17 (Korea Bizwire) — Sport utility vehicles (SUVs) sold by South Korean automakers sharply rose to exceed 600,000 units for the first time in 2020 on the back of the rising popularity of car camping and new lineups, industry data showed Sunday. Five companies — Hyundai Motor Co., Kia Motors Corp., GM Korea [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea ranked 6th in the world in terms of military strength this year, an annual military power index showed. According to Global Firepower (GFP) 2021, South Korea had a firepower index of 0.1621 to stand at the 6th out of 138 countries. The country’s ranking remains the same [...]
SEOUL, Jan. 16 (Korea Bizwire) – To Youn Yuh-jung, the 73-year-old supporting actress of “Minari,” the enthusiastic response the U.S. audience has given to the simple story of a Korean immigrant family was something she had never expected. “We had a very big applause at the Sundance. I was really shocked,” the South Korean actress [...]
SEOUL, Jan. 15 (Korea Bizwire) — The delivery market is bracing for Coupang Corp.’s move to jump into the delivery business. Coupang Logistics Service, a subsidiary of South Korea’s leading e-commerce operator, was recently certified by the Ministry of Land, Infrastructure and Transport to engage in cargo distribution business. Coupang Logistics acquired distributor certification by [...]
SEOUL, Jan. 15 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Friday it will launch seven all-electric models by 2027 to gain a share of the growing electric vehicle market. Kia said it will release its pure electric crossover model based on a new EV platform called the electric-global modular platform [...]
SEOUL, Jan. 15 (Korea Bizwire) — Seoul’s southeastern Songpa district said Thursday it will collect and sort cans and plastic bottles automatically using artificial intelligence (AI)-based resource circulation and collection robots. The district office will install a couple of such robots within its district. The AI-based robots will automatically sort, compress and store cans and [...]
SEOUL, Jan. 14 (Korea Bizwire) — Following a heated scandal over Luda, a chatbot that ended up being unplugged amid controversies over its hypersexualization and unfiltered comments on sexual minorities, South Korea faces another socio-technological issue on how to tackle artificial intelligence technology that targets real, living celebrities as victims of deepfake porn. On Wednesday, [...]