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KT, China Mobile to Boost Cooperation on 5G Roaming, Blockchain System

KT, China Mobile to Boost Cooperation on 5G Roaming, Blockchain System

SEOUL, Dec. 5 (Korea Bizwire) — KT Corp., South Korea’s major telecommunication service provider, on Thursday said it has agreed with China Mobile Communication Corp. to boost cooperation on 5G roaming services and a blockchain system. Using China Mobile’s network, KT said its 5G roaming services in China will be available later this month. The [...]

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

SEJONG, Dec. 4 (Korea Bizwire) — South Korea plans to set up a fund of 300 billion won (US$252 million) to help fintech startups become unicorns with a valuation of more than US$1 billion, Finance Minister Hong Nam-ki said Wednesday. Hong made the remarks at a meeting with economy-related ministers in Seoul to discuss how [...]

Element AI Aims for Further Partnership with S. Korean Firms

Element AI Aims for Further Partnership with S. Korean Firms

SEOUL, Nov. 19 (Korea Bizwire) — Element AI, a Canadian startup for artificial intelligence-powered software solutions, aims to join hands with more South Korean companies to help them adopt its cutting-edge technology, company executives said Tuesday. Based in Montreal, Element AI is an AI solutions provider co-founded in 2016 by AI authority and professor Yoshua [...]

GS Units Partner with U.S. Mobility Startup Lime

GS Units Partner with U.S. Mobility Startup Lime

SEOUL, Nov. 19 (Korea Bizwire) – Two affiliates of energy and construction-centered GS Group said Tuesday they have formed a partnership with U.S. micro-mobility startup Lime to offer better mobility services using their infrastructure. GS Caltex Corp., a major refiner, and GS Retail Co., the group’s retail business affiliate, will provide charging services for Lime’s [...]

SK Innovation, Doosan Heavy Take Part in Vietnamese Carbon-free Project

SK Innovation, Doosan Heavy Take Part in Vietnamese Carbon-free Project

SEOUL, Nov. 14 (Korea Bizwire) — SK Innovation Co. and Doosan Heavy Industries & Construction Co. said Thursday they will take part in a Vietnamese environmental project as a part of their corporate social responsibility efforts. The two companies signed a multiparty memorandum of understanding (MOU) with the Quang Ngai provincial government in Vietnam for [...]

KT, Hyundai Heavy Join Hands for 5G-based Smart Factory

KT, Hyundai Heavy Join Hands for 5G-based Smart Factory

SEOUL, Nov. 7 (Korea Bizwire) — Major telecom operator KT Corp. and leading shipbuilding conglomerate Hyundai Heavy Industries Group said Thursday they will step up collaboration to develop advanced smart factory solutions based on the 5G network to improve efficiency and safety. In May, the two companies signed a memorandum of understanding to join forces [...]