SEOUL, Aug. 27 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of South Korea’s Hyundai Motor Group, is taking steps to develop a close-to-life logistics service in collaboration with a local self-driving robot developer. The company signed a memorandum of understanding (MOU) with self-driving robot maker Twinny on Wednesday to develop a close-to-life logistics [...]
SEOUL, Aug. 26 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest 36 billion won (US$30 million) in expanding its output capacity of electric vehicle components. Hyundai Mobis has already invested more than 300 billion won in EV parts plants in the central city of Chungju — [...]
SEOUL, Aug. 26 (Korea Bizwire) — The government of Seoul said Wednesday it has decided to include foreign residents in its disaster relief payout scheme linked to the coronavirus outbreak. In March, the Seoul Metropolitan Government extended 542.3 billion won (US$457 million) in emergency disaster relief funds to 1.6 million households earning less than the [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s new law on peer-to-peer (P2P) lending is expected to help address deceptive practices and better protect consumers, industry watchers said Wednesday. The law, which takes effect Thursday, requires all P2P lenders to have paid-in capital of at least 500 million won (US$421,000) each and register with the [...]
SEOUL, Aug. 25 (Korea Bizwire) — Passengers without face masks will not be allowed in taxis in Seoul, the government announced Tuesday, as part of measures aimed at increasing safety in the greater Seoul area amid a resurgence in COVID-19 cases. “Seoul plans to tighten quarantine measures at public transportation and logistics facilities,” Yoon Tae-ho, [...]
SEOUL, Aug. 24 (Korea Bizwire) — A textbook package for learning Korean language, with officially-licensed contents of K-pop giants BTS, is available for purchase, its publisher said Monday. Big Hit Edu, the education content subsidiary of Big Hit Entertainment, said it has released “Learn! Korean with BTS,” the Korean-language learning product comprised of four textbooks [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean companies are taking additional steps to stem the spread of the new coronavirus, as the government has applied a stricter social distancing level amid soaring infections. The country’s major companies said they are adopting stricter quarantine measures for their employees, offices and production facilities due to a [...]
SEOUL, Aug. 24 (Korea Bizwire) — Global shipbuilding giant Hyundai Heavy Industries (HHI) Group said Monday it has built a very large container ship powered by liquefied natural gas (LNG) for the first time in the world. The group said Hyundai Samho Heavy Industries Co., one of its shipbuilding units, will deliver the vessel with [...]
SEOUL, Aug. 23 (Korea Bizwire) — LG Electronics Inc. on Sunday introduced a new midrange 5G smartphone as the South Korean tech firm seeks to overcome a long slump in its mobile business with price-competitive devices. LG said the Q92 will go on sale in South Korea on Wednesday with a price tag of 499,400 [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s overseas aid agency said Saturday that the Green Climate Fund (GCF), an international institution on fighting climate change, has approved US$5 million to help bankroll its solar power plant project for the Pacific island country of Fiji. The GCF, headquartered in Songdo of Incheon, west of Seoul, [...]