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Samsung SDI to Supply Batteries for New VW e-Golf: Source

Samsung SDI to Supply Batteries for New VW e-Golf: Source

SEOUL, Mar. 30 (Korea Bizwire) — South Korea’s Samsung SDI Co. will supply its electric-vehicle batteries to Volkswagen’s new 2017 e-Golf, an industry source said Wednesday. “The new e-Golf equipped with a Samsung battery will go on sale in global markets this spring,” the source told Yonhap News Agency. Samsung SDI and LG Chem Ltd. [...]

S. Korea to Promote Fintech Ties with Silicon Valley

S. Korea to Promote Fintech Ties with Silicon Valley

SEOUL, Nov. 4 (Korea Bizwire) — South Korea said Friday it will strengthen partnerships with Silicon Valley on financial technology, called fintech. The Fintech Center of Korea signed memorandums of understanding (MOUs) with two high-profile organizations — 500 Startups and Silicon Valley Forum — for the initiative on the sidelines of a South Korean Fintech [...]

SK Telecom, Facebook to Launch Start-Up Incubator for Telecom Equipment

SK Telecom, Facebook to Launch Start-Up Incubator for Telecom Equipment

  SEOUL, Nov. 3 (Korea Bizwire) — SK Telecom Co., South Korea’s top mobile carrier, and Facebook Inc. will set up a start-up incubator in South Korea early next year to encourage people to launch start-ups for telecom equipment, company officials said Thursday. Details of the planned incubator, which will be established during the first [...]

LG Chem to Supply Batteries for NASA’s Spacesuits

LG Chem to Supply Batteries for NASA’s Spacesuits

SEOUL, Jul. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals maker, will start supplying lithium-ion batteries for NASA’s spacesuits in the second half of the year, the company said Monday. The contract with NASA marked the first such deal for a Korean company, LG Chem said. LG Chem said its new battery’s [...]

Walking Delivery Service by Elderly Gains Popularity

Walking Delivery Service by Elderly Gains Popularity

  SEOUL, May 27 (Korea Bizwire) – A ‘walking delivery service’ in which elderly individuals buy products themselves and then deliver them to their destination via metro trains and buses has recently been gaining popularity. The ‘walking delivery service’, which began in 2006 in Songpa-gu, Seoul, tallied over 10,000 deliveries last year – a whopping 25 [...]

LG Elecs Forges Partnership with Bang & Olufsen in TV Offerings

LG Elecs Forges Partnership with Bang & Olufsen in TV Offerings

SEOUL, Mar. 21 (Korea Bizwire) — South Korean tech giant LG Electronics Ltd. said Sunday it has signed a deal with Bang & Olufsen to supply high-end televisions to the Danish maker of premium hi-fi systems. Under the agreement, LG Electronics will supply organic light-emitting diode (OLED) televisions to the Danish company for five years [...]

Sequel to ‘D-War’, Hollywood-level Sci-fi Film, to Debut Next Year

Sequel to ‘D-War’, Hollywood-level Sci-fi Film, to Debut Next Year

BEIJING, Mar. 21 (Korea Bizwire) — Comedian-turned-film director Shim Hyung-rae announced Saturday the production of a sequel to his fantasy movie “D-War” from 2007. The sequel, “D-War II,” is the first “Hollywood-class” science fiction movie to be produced in China, Shim said at a news conference in Beijing. Production will begin around June with the [...]