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KT Collaborates with Thai Telecom Company to Develop Thai Language AI Service

KT Collaborates with Thai Telecom Company to Develop Thai Language AI Service

SEOUL, Oct. 22 (Korea Bizwire) – South Korea’s major mobile carrier KT Corp. said Sunday it will join hands with Thailand’s communication technology company Jasmine Group to create a large language model (LLM) service based on the Thai language. Heads of the two companies held a meeting at KT’s headquarters in central Seoul on Thursday [...]

Hyundai and Kia Surpass 200,000 Eco-Friendly Car Sales in the U.S. from January to September

Hyundai and Kia Surpass 200,000 Eco-Friendly Car Sales in the U.S. from January to September

SEOUL, Oct. 15 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, and its affiliate Kia Corp. sold more than a combined 200,000 eco-friendly vehicles in the United States in the January to September period, according to the companies Sunday. The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in [...]

Samsung Anticipates Reduced Chip Losses in Q3 due to Production Cutbacks

Samsung Anticipates Reduced Chip Losses in Q3 due to Production Cutbacks

SEOUL, Sept. 30 (Korea Bizwire) – Samsung Electronics Co. is expected to reduce its chip deficit in the third quarter, thanks largely to a continued cut in its chip output, according to analysts Saturday. Samsung, the world’s largest memory chip maker, slashed its chip production early this year, belatedly joining its peers, like SK hynix [...]

Hyundai Motor Group’s E-GMP Platform Soars Past 500,000 EV Sales Milestone

Hyundai Motor Group’s E-GMP Platform Soars Past 500,000 EV Sales Milestone

SEOUL, Sept. 30 (Korea Bizwire) –Hyundai Motor Group’s special electric vehicle platform, E-GMP, has achieved impressive sales of over 500,000 units. Both Hyundai and Kia reported that they collectively sold 517,290 electric vehicles using the E-GMP platform globally. This achievement began in 2021 when the first model, the Hyundai Ioniq 5, hit the market and [...]

South Korean Refineries Anticipate Q3 Turnaround Amidst Strengthened Margins

South Korean Refineries Anticipate Q3 Turnaround Amidst Strengthened Margins

SEOUL, Sept. 29 (Korea Bizwire) – Major South Korean refiners are expected to post a turnaround in their third quarter earnings, recovering from losses and dismal profits in the previous quarter, on the back of stronger margins amid rising oil prices, according to analysts Friday. SK Innovation Co., the energy unit under SK Group, is [...]

Samsung SDI Invests $1.97 Billion in Second U.S. Battery Plant in Partnership with Stellantis

Samsung SDI Invests $1.97 Billion in Second U.S. Battery Plant in Partnership with Stellantis

SEOUL, Sept. 27 (Korea Bizwire) – Samsung SDI Co. will spend US$1.97 billion on its second battery manufacturing facility it is building in the United States jointly with Stellantis N.V., the South Korean battery maker said in a filing Wednesday. The disclosure came about two months after their U.S. venture, StarPlus Energy, announced a plan [...]

Hyundai Tops Indian Dealer Satisfaction Survey, Earns Most Trusted Brand Status

Hyundai Tops Indian Dealer Satisfaction Survey, Earns Most Trusted Brand Status

SEOUL, Sept. 26 (Korea Bizwire) – Hyundai was named the brand that Indian dealers are most satisfied with.   On Tuesday, Hyundai Motor Company announced that it secured the top spot in the overall automobile brand category in the 2023 Dealer Satisfaction Survey conducted by the Federation of Automobile Dealers of India (FADA). They surveyed 1,821 [...]

Kia EV6 GT Beats Ford Mustang Mach-E in German Evaluation

Kia EV6 GT Beats Ford Mustang Mach-E in German Evaluation

SEOUL, Sept. 24 (Korea Bizwire) – Kia Corp.’s EV6 GT topped this year’s evaluation of electric vehicle models by a leading German automotive magazine, Auto Motor Und Sport, beating Ford Motor Co.’s Mustang Mach-E SUV, Hyundai Motor Group said Sunday. Hyundai Motor Co.’s independent Genesis brand’s GV60 SUV ranked second in the competitive EV evaluation [...]

Seven Korean Companies Secure Spots on Deloitte Korea’s 2022 List of Top 100 Global Builders

Seven Korean Companies Secure Spots on Deloitte Korea’s 2022 List of Top 100 Global Builders

SEOUL, Sept. 20 (Korea Bizwire) – Samsung C&T Corp. and six other South Korean companies have ranked among the world’s top 100 builders based on their 2022 sales, Deloitte Korea said Wednesday. Samsung C&T, the construction and trading arm of South Korea’s No. 1 conglomerate Samsung Group, placed 15th, down two notches from a year [...]

Greenpeace to Submit Constitutional Petition Urging Climate Disclosure Requirements for Corporations

Greenpeace to Submit Constitutional Petition Urging Climate Disclosure Requirements for Corporations

SEOUL, Sept. 20 (Korea Bizwire) – Greenpeace, a non-governmental environmental organization, said Wednesday it will file a constitutional petition urging the adoption of a system that requires listed companies to disclose information on their response to climate change. The petition, joined by 167 people as petitioners, will be submitted to the Constitutional Court later in [...]