SEOUL, Jan. 14 (Korea Bizwire) — Market expectations for U.S. fuel cell maker Plug Power Inc. are growing with its share price surging after South Korean conglomerate SK Group made an equity investment in the company. Boosted by SK’s equity investment, the share price of the Nasdaq-listed firm has continued to surge, closing at US$66.02 [...]
SEOUL, Jan. 12 (Korea Bizwire) — LG Electronics Inc. will seek “open innovation” in cooperation with global partners to lead the era induced by the pandemic, its chief technology officer said, hinting that the South Korean tech giant could forge more partnerships in the future. Park Il-pyung said that firms need to join hands, even [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korean mobile carriers are taking membership benefits online as the coronavirus is resulting in higher consumption in the contact-free market. SK Telecom Co., for one, is introducing various membership benefits to T Membership, the company’s online membership platform, for a series of contact-free modes of consumption including online [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea is close to striking a deal to purchase COVID-19 vaccines for 10 million people from U.S. drugmaker Novavax, according to informed sources Tuesday. The Seoul government has been negotiating with Novavax to secure its vaccines as early as in the second quarter of this year, sources with [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s environment-friendly vehicle sales jumped 54 percent to exceed 200,000 units in 2020 from a year earlier on subsidies and an improvement of charging infrastructure, industry data showed Tuesday. Carmakers sold a total of 213,264 eco-friendly models last year, up from 138,957 units the previous year, according to [...]
SEOUL, Jan. 12 (Korea Bizwire) — Hyundai Engineering & Construction Co., a leading South Korean builder, said Monday it will make an equity investment in a local start-up specializing in artificial intelligence (AI)-based 3D design solution, as part of efforts to preemptively introduce smart construction technology. TENELEVEN Inc., founded in 2014, is a start-up with [...]
SEOUL, Jan. 11 (Korea Bizwire) — LG Electronics Inc. on Monday introduced its latest innovations at its press conference for the world’s largest tech expo, including a smartphone with rollable display and a virtual human, as the South Korean tech powerhouse seeks to provide solutions that could improve people’s lives in the new normal era [...]
SEOUL, Jan. 11 (Korea Bizwire) — YouTube has banned multiple channels suspected of being run by North Korea. A YouTube channel named Echo of Truth Returns had been used as a North Korean propaganda outlet before it was removed from YouTube on Friday. “The account was deleted for violating Google’s terms of service,” said YouTube. [...]
SEOUL, Jan. 11 (Korea Bizwire) — LG Electronics Inc. on Monday said it has signed a partnership with the global esports organization Gen.G to better target young consumers amid the pandemic. Under the deal, the two sides agreed to seek various business opportunities in the global esports industry and cooperate in promoting LG UltraGear gaming [...]
SEOUL, Jan. 10 (Korea Bizwire) — LG Electronics Inc. on Sunday unveiled its 2021 TV lineup that includes next-generation OLED TVs as the South Korean giant eyes to expand its presence in the premium TV market. LG said its new G1 OLED evo TV series, which comes with an upgraded OLED panel that boasts better [...]