Management Archives | Be Korea-savvy

Archive by category Management

Gov’t to Launch 2.6 tln-won Investment Fund for Startups This Year

Gov’t to Launch 2.6 tln-won Investment Fund for Startups This Year

SEJONG, Jan. 17 (Korea Bizwire) — The government will launch a 2.6 trillion-won (US$2.45 billion) investment fund for startups this year, the first portion of a proposed 10 trillion-won investment fund that is to be created by 2020, the finance ministry said Wednesday. Earlier, the government said it will allocate 30 trillion won over the [...]

Hyundai Motor Invests in Ride-hailing Firm Grab for Partnership

Hyundai Motor Invests in Ride-hailing Firm Grab for Partnership

SEOUL, Jan. 11 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it invested in the Southeast Asian ride-hailing firm Grab for a possible business partnership in the transportation service sector. Hyundai Motor reportedly invested tens of billions of won to acquire a stake in Grab so it could get [...]

Samsung to Supply 5G Solutions to Verizon

Samsung to Supply 5G Solutions to Verizon

SEOUL, Jan. 4 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has clinched a deal with U.S. mobile carrier Verizon Communications to supply commercial fifth-generation network equipment. Samsung and Verizon plan to kick off commercial 5G services in Sacramento, California, over the second half of 2018, the South Korean tech giant said in a [...]

LG Electronics Join Forces with HERE Technologies for Self-driving Cars

LG Electronics Join Forces with HERE Technologies for Self-driving Cars

SEOUL, Dec. 27 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has inked an agreement with mapping solution provider HERE Technologies in the latest move to tap deeper into the self-driving automobile solutions. The South Korean company said HERE, which provides navigation solutions to some 100 million automobiles around the globe, is a suitable [...]

Lexus ES300h First Imported Hybrid to Exceed 20,000 Unit Sales in S. Korea

Lexus ES300h First Imported Hybrid to Exceed 20,000 Unit Sales in S. Korea

SEOUL, Dec. 25 (Korea Bizwire) — Lexus ES300h gasoline hybrid model has become the first imported hybrid to post accumulated sales exceeding 20,000 units in South Korea, the Japanese carmaker’s local office said Monday. The ES300h was launched in the Korean market in 2012, with total sales hitting 6,112 models sold last year, accounting for [...]

CJ Logistics Says to Merge with Builder Affiliate

CJ Logistics Says to Merge with Builder Affiliate

SEOUL, Dec. 19 (Korea Bizwire) — CJ Logistics Corp., the logistics arm of South Korea’s food and entertainment conglomerate CJ Group, said Tuesday it will absorb and merge with the group’s construction unit as part of efforts to hone its competitiveness. The merger ratio will be one CJ Logistics share for every 0.54 CJ Engineering [...]