SEOUL, Sept. 30 (Korea Bizwire) — LG Electronics is set to complete the stock market listing of its Indian subsidiary as early as October, a move that could raise nearly 1.8 trillion won ($1.3 billion) and significantly bolster the company’s balance sheet. The South Korean manufacturer said Tuesday its board approved the sale of a [...]
SEOUL, Sept. 30 (Korea Bizwire) – Samsung Electronics Co. is expected to unveil its first tri-folding smartphone at the upcoming Asia-Pacific Economic Cooperation (APEC) summit, industry sources said Tuesday, According to the sources, the South Korean tech giant plans to showcase the new model at an exhibition on the sidelines of the multilateral summit, scheduled [...]
SEOUL, Sept. 30 (Korea Bizwire) — Samsung C&T has taken a tangible step toward reimagining urban housing with the completion of a “Next Home” test bed in Yongin, south of Seoul. The three-story, 554-square-meter facility showcases technologies designed to break away from the rigid apartment layouts that have long dominated South Korea’s housing market. Instead, [...]
SEOUL, Sept. 30 (Korea Bizwire) — Naver Corp.’s sudden move to acquire Dunamu, operator of the global cryptocurrency exchange Upbit, has sent shock waves through South Korea’s technology sector, raising questions about the search giant’s long-term strategy and corporate governance. The deal, announced six months after founder Lee Hae-jin’s return as chairman of Naver’s board, is [...]
SEOUL, Sept. 30 (Korea Bizwire) — The fire that crippled South Korea’s National Information Resources Service last week is being traced to an aging lithium-ion battery, sharpening scrutiny of the country’s battery sector at a time when the industry is already grappling with slowing electric vehicle demand, expiring U.S. subsidies and intensifying competition from China. Authorities [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s corporate ecosystem has been steadily weakening over the past decade, with fewer employees per company and a rising share of struggling firms unable to cover even their interest payments, a new report shows. According to a study released Sunday by the Korea Chamber of Commerce and Industry [...]
DAEJEON, Sept. 30 (Korea Bizwire) — South Korean scientists have unveiled the country’s first system capable of producing clean hydrogen at significantly lower costs, a development that could accelerate the nation’s transition to renewable energy. The Korea Institute of Machinery and Materials (KIMM) said Monday that a research team led by principal researcher Kim Young-sang [...]
DAEJEON, Sept. 30 (Korea Bizwire) — South Korea’s national standards institute has unveiled an artificial eye designed to mimic the human retina, a breakthrough aimed at improving the accuracy of diagnostic imaging for retinal diseases. The Korea Research Institute of Standards and Science (KRISS) said Monday it has developed a “retinal phantom,” a synthetic model [...]
JEJU, Sept. 30 (Korea Bizwire) — Jeju Province will roll out a three-year pilot program to repurpose used electric-vehicle batteries into agricultural machinery and energy storage systems, underscoring South Korea’s broader push to strengthen its battery recycling industry. The project, set to run through 2027, will supply 100 devices—including farm equipment, transport robots, and streetlights [...]
SEOUL, Sept. 29 (Korea Bizwire) — KT Corp. on Monday unveiled SOTA K built on GPT-4o, a large language model developed in collaboration with Microsoft that the company says is optimized for Korean language and culture. The release marks the first time a Korean telecom has rolled out an AI system designed to overcome the [...]