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Hyundai Motor and Kia Reach Global Milestone with 5 Million Eco-Friendly Car Sales

Hyundai Motor and Kia Reach Global Milestone with 5 Million Eco-Friendly Car Sales

SEOUL, March 17 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s biggest carmakers, have sold more than an accumulated 5 million eco-friendly vehicles in the global market over the past 15 years, company officials said Sunday. The two companies sold a total of 5.11 million units of eco-friendly cars, including hybrid electric [...]

Former Bureaucrats Dominate New Director Nominations at South Korea’s Leading Conglomerates, Study Finds

Former Bureaucrats Dominate New Director Nominations at South Korea’s Leading Conglomerates, Study Finds

SEOUL, Mar. 5 (Korea Bizwire) – A recent analysis conducted by Leaders Index, a corporate analysis research institute, revealed that a significant portion of the new outside director candidates proposed for the annual general meetings of South Korea’s top 30 conglomerates are former bureaucrats, with those from the prosecution and judiciary sectors accounting for over [...]

Samsung Electronics Sets Record with Over 200 Million Won Average Pay for Board Members

Samsung Electronics Sets Record with Over 200 Million Won Average Pay for Board Members

SEOUL, Feb. 28 (Korea Bizwire) – For the first time, the average annual salary of an external director at Samsung Electronics has surpassed the 200 million won mark, setting a new precedent in the compensation for board members within the company. According to a report by CEO Score, a corporate data research firm, as of [...]

Samsung Electronics to Join Alliance to Lead AI-powered 6G Network Tech

Samsung Electronics to Join Alliance to Lead AI-powered 6G Network Tech

SEOUL, Feb. 26 (Korea Bizwire) – Samsung Electronics Co. said Monday it participated in the U.S. chip giant Nvidia-led alliance in a bid to lead the next-generation 6G network technologies powered by artificial intelligence (AI). The South Korean tech giant said it is a founding member of the AI-RAN Alliance, launched during this year’s Mobile World Congress, along with semiconductor, telecommunications and software big names including Nvidia, Arm, [...]

SK Telecom Joins Forces with Global Telcos to Establish Language-model Joint Venture

SK Telecom Joins Forces with Global Telcos to Establish Language-model Joint Venture

SEOUL, Feb. 26 (Korea Bizwire) – SK Telecom Co., South Korea’s top mobile carrier, said Monday it will create a joint venture with four global mobile carriers aimed at developing large language models (LLMs) tailored to the needs of telecommunications companies. The joint venture will be established by SK Telecom, Germany’s Deutsche Telekom, the United Arab Emirates’ e& Group, Singapore’s Singtel and Japan’s Softbank later [...]

Samsung and Arm Forge Deeper Ties in AI Chip Race

Samsung and Arm Forge Deeper Ties in AI Chip Race

SEOUL, Feb. 22 (Korea Bizwire) – Semiconductor firms worldwide are engaged in fierce competition to secure a leading position in cutting-edge foundry process technology, particularly driven by the surging demand in the artificial intelligence (AI) chip market. Companies are forming strategic alliances with strong partners to enhance their competitiveness in this rapidly growing sector.  Samsung Electronics [...]

Hyundai Motor and U.S. Museum Forge 10-Year Partnership for Exhibition Projects

Hyundai Motor and U.S. Museum Forge 10-Year Partnership for Exhibition Projects

SEOUL, Feb. 10 (Korea Bizwire) – Hyundai Motor Co. has signed a 10-year partnership with the New York-based Whitney Museum of American Art to support its exhibition projects and the Whitney Biennial, according to the company Saturday. The long-term sponsorship will offer an innovative platform for artists to experiment and showcase their works to the [...]

Samsung Launches ‘Galaxy Studio Pet’ Pop-Up with Starbucks for Pet-Friendly Experience with Galaxy S24 Series

Samsung Launches ‘Galaxy Studio Pet’ Pop-Up with Starbucks for Pet-Friendly Experience with Galaxy S24 Series

SEOUL, Feb. 6 (Korea Bizwire) –Samsung Electronics has partnered with Starbucks to offer a unique experience for pet owners at the ‘Galaxy Studio Pet’ pop-up at the Starbucks Bukhan River R in Namyangju, Gyeonggi Province, until March 10. This collaboration marks a special opportunity for visitors to explore the features of the Galaxy S24 series [...]