SEOUL, Nov. 17 (Korea Bizwire) — Share prices in South Korean chipmakers are expected to rise further as investors bet on a recovery in the memory chip market next year, analysts here said Tuesday. South Korea’s two largest chipmakers — Samsung Electronics Co. and SK hynix Inc. — have been skyrocketing in recent weeks with [...]
SEOUL, Nov. 17 (Korea Bizwire) — After Internet backlash over the recent posting of an article about the adoption of a newborn baby through a mobile secondhand marketplace, the government has decided to greatly strengthen support and protection for single moms and single-parent families. On Monday, five government agencies including the Ministry of Gender Equality [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korea may face another new coronavirus outbreak within a month, health authorities warned on Monday, as cluster infections show no signs of letup and year-end gatherings may further complicate the country’s virus fight. The country’s new coronavirus cases hovered above 200 for a third consecutive day as cluster [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korean battery makers are struggling as global automobile manufacturers are choosing to issue recalls for their electric vehicles (EVs). The U.S. automotive giant General Motors Co. reportedly made a decision to recall 68,000 Bolt EVs manufactured between 2017 and 2019. Bolt EV uses batteries made at LG Chem [...]
SEOUL, Nov. 16 (Korea Bizwire) — A popular Buddhist monk, author and teacher has announced his withdrawal from public activities amid controversy over his property and lifestyle that appear to contradict his preaching of nonpossession. Ven. Haemin has recently faced widespread criticism since a TV program unveiled his posh private home in central Seoul early [...]
SEOUL, Nov. 16 (Korea Bizwire) — LG Group is likely to spin off multiple affiliates, people familiar with the matter said Monday, with an uncle of the conglomerate’s chief taking the leadership of the spun-off companies. Koo Bon-joon, an uncle of current LG Group Chairman Koo Kwang-mo and a younger brother of late LG Group [...]
SEOUL, Nov. 16 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Monday it is partnering with Amazon.com, Inc. to allow South Koreans to have easier access to products on the U.S. e-commerce giant’s platform. The carrier said users of its e-commerce unit 11Street Co. can directly purchase the U.S. company’s products [...]
DAEJEON, Nov. 16 (Korea Bizwire) — A wearable robot technology developed by South Korean research teams to help people with disabilities walk again topped the standings at Cybathlon 2020 held on Friday at the Korea Advanced Institute of Science and Technology (KAIST) in Daejeon. The Cybathlon is a competition for people with disabilities using state-of-the-art [...]
SEOUL, Nov. 16 (Korea Bizwire) — A South Korean company has been selected to develop an artificial intelligence (AI) staff officer that would provide analysis and statistical information for decision-making by military commanders. Hanwha Systems Co., a solution provider for defense electronics, recently announced that it was selected as a prime negotiator by the Agency [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Co. said Sunday it will begin the sale of the GV80 SUV under its independent Genesis brand in the United States within this year to support sales despite the coronavirus outbreak. Hyundai launched the GV80 SUV in South Korea in January and plans to introduce the first [...]