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Kakao Mobility to Introduce Affordable Membership Category for Taxi Drivers Beginning June

Kakao Mobility to Introduce Affordable Membership Category for Taxi Drivers Beginning June

SEOUL, April 25 (Korea Bizwire) – Kakao Mobility Corp., the operator of South Korea’s leading taxi-hailing service Kakao T, said Thursday it will introduce a new membership category with cheaper commissions for its taxi drivers. Starting from June, the new plan will require 2.8 percent commission from its drivers, compared with the current membership plan, [...]

South Korea to Pursue Global Dominance in AI Chip, Advanced Bio, and Quantum Technologies, States Government

South Korea to Pursue Global Dominance in AI Chip, Advanced Bio, and Quantum Technologies, States Government

SEOUL, April 25 (Korea Bizwire) — South Korea will launch an initiative to become one of three leading nations in the so-called game-changer industries that include artificial intelligence (AI) chip, advanced biology and quantum technologies by 2030, the science ministry said Thursday. The Presidential Advisory Council on Science & Technology held a meeting and decided [...]

SK Hynix Returns to Profit in Q1 on Solid Demand for AI Chips

SK Hynix Returns to Profit in Q1 on Solid Demand for AI Chips

SEOUL, Apr. 25 (Korea Bizwire) — SK hynix Inc. said Thursday it swung to a profit in the first quarter of this year on the back of rising global demand for premium memory chip products used for artificial intelligence (AI) computing. The world’s second-largest memory chipmaker posted an operating profit of 2.88 trillion won (US$2.09 [...]

Samsung Bets on Specialized Phones to Regain Foothold in China’s Smartphone Market

Samsung Bets on Specialized Phones to Regain Foothold in China’s Smartphone Market

SEOUL, Apr. 25 (Korea Bizwire) – Samsung Electronics, the world’s leading smartphone maker, has relaunched its Galaxy C series of smartphones tailored for the Chinese market after a seven-year hiatus, in a bid to reclaim market share from domestic rivals.  According to the market research firm Counterpoint Research, Samsung is estimated to have recorded a market [...]

LG Electronics Teams Up with National Rehabilitation Center to Improve Appliance Accessibility

LG Electronics Teams Up with National Rehabilitation Center to Improve Appliance Accessibility

SEOUL, April 24 (Korea Bizwire) – LG Electronics announced on April 24 that it has forged a partnership with the National Rehabilitation Center to improve the accessibility of its home appliances, ensuring that people of all ages and abilities can use the products with ease. Through a memorandum of understanding signed on the same day, LG [...]

SK hynix to Increase Production of Advanced DRAMs at New Cheongju Fab

SK hynix to Increase Production of Advanced DRAMs at New Cheongju Fab

SEOUL, April 24 (Korea Bizwire) – SK hynix Inc. said Wednesday it will ramp up production capacity of next-generation DRAMs in response to rising demand for artificial intelligence (AI) semiconductors. Earlier in the day, the world’s second-largest memory chip maker decided in a board meeting to invest 5.3 trillion won (US$3.85 billion) to convert a [...]

South Korea Set to Launch First Nanosatellite This Week as Part of Satellite Constellation Project

South Korea Set to Launch First Nanosatellite This Week as Part of Satellite Constellation Project

SEOUL, April 23 (Korea Bizwire) -- South Korea is set to launch a homegrown earth observation nanosatellite into space this week, as part of its plan to create the country’s satellite constellation by 2027, the science ministry said Tuesday. The nanosatellite, the first unit of the envisioned satellite constellation, will be launched from Rocket Lab’s [...]

Hyundai Brings Cooling Film Technology to Drivers in Pakistan

Hyundai Brings Cooling Film Technology to Drivers in Pakistan

SEOUL, Apr. 22 (Korea Bizwire) –Hyundai Motor Company is offering Pakistani drivers some relief from the region’s scorching summer temperatures through an innovative nanotechnology that drastically reduces interior vehicle heat without tinted windows. The South Korean automaker launched a campaign called “Made Cooler by Hyundai” this month to install its proprietary “nano cooling film” on [...]

Nexon’s Dungeon & Fighter Mobile Set to Launch in Chinese Market in May

Nexon’s Dungeon & Fighter Mobile Set to Launch in Chinese Market in May

SEOUL, Apr. 22 (Korea Bizwire) – South Korea’s online gaming giant Nexon Co. said Monday it will release a mobile version of its smash-hit title, Dungeon & Fighter, in China next month. Dungeon & Fighter Mobile will hit the Chinese market on May 21 and be operated by local game publisher Tencent Games, according to [...]

LG Electronics and Kakao Mobility Join Forces for Robot Delivery Service

LG Electronics and Kakao Mobility Join Forces for Robot Delivery Service

SEOUL, Apr. 22 (Korea Bizwire) –LG Electronics and the Kakao Mobility are teaming up to deploy fleets of autonomous delivery robots across South Korea, targeting large office buildings, hotels, apartments and hospitals starting this month. The partnership will integrate LG’s AI-powered CLOi self-driving delivery robots with Kakao Mobility’s “BRING” robot delivery service. On April 25, [...]