SEOUL, July 11 (Korea Bizwire) — Samsung Heavy Industries Co. said Friday it has provided a virtual reality (VR) training solution to Taiwan’s Evergreen Marine Corp. to support operations of eco-friendly container vessels of the shipping company. The VR solution is designed to allow crew members to familiarize themselves with dual-fuel methanol-powered ships in a [...]
SEOUL, July 11 (Korea Bizwire) — SK ecoplant Co., the construction arm of South Korea’s SK Group, has sold part of its stake in U.S.-based fuel cell company Bloom Energy Corp., sources said Friday. SK ecoplant offloaded 10 million common shares in Bloom Energy through an over-the-counter block trade at US$27.60 per share on Thursday, [...]
SEOUL, July 10 (Korea Bizwire) — South Korean artificial intelligence (AI) company iSciLab has won an award at a global summit hosted by the International Telecommunication Union (ITU), the company said Thursday. During the AI for Good Global Summit 2025 held from Tuesday in Geneva, the company’s AI-based animal biometrics solution was recognized by the [...]
SEOUL, July 9 (Korea Bizwire) — POSCO Holdings Inc., the holding company of South Korea’s leading steelmaker POSCO, has sold its entire stake in a Chinese stainless steel joint venture for around 400 billion won (US$291 million), industry sources said Wednesday. According to the sources, POSCO Holdings had signed a preliminary deal to sell its [...]
SEOUL, July 9 (Korea Bizwire) – The Niro Hybrid, an eco-friendly sport utility vehicle (SUV) of Kia Corp., came out on top among competing global models in a comparison test conducted by Germany’s leading automotive magazine, Auto Zeitung, the South Korean automaker said Wednesday. The German magazine recently compared five popular hybrid SUVs — Kia’s [...]
SEOUL, July 3 (Korea Bizwire) — President Lee Jae Myung held his first phone talks with Mark Rutte, secretary general of the North Atlantic Treaty Organization (NATO), on Thursday and discussed ways to deepen Seoul’s partnership with the transnational military alliance, Lee’s office said. During the call, Lee congratulated Rutte for the successful hosting of [...]
SEOUL, July 2 (Korea Bizwire) — South Korea and China have discussed cooperation on the upcoming Asia-Pacific Economic Cooperation (APEC) summit here and other pending bilateral issues, likely including Beijing’s steel structures in the overlapping maritime zone in the Yellow Sea, Seoul officials said Wednesday. The working-level dialogue took place Tuesday, led by Kang Young-shin, [...]
SEOUL, July 2 (Korea Bizwire) — South Korea and Poland have completed talks over the export of additional K2 tanks to the European nation, the South’s state arms procurement agency said Wednesday, in what would be the first major arms contract signed under the new government when signed. Polish Defense Minister Wladyslaw Kosiniak-Kamysz and Hyundai [...]
SEOUL, June 26 (Korea Bizwire) — South Korea’s advanced forensic science capabilities have significantly strengthened Mongolia’s criminal investigation system, culminating in the resolution of a years-old murder case and a sweeping upgrade of the nation’s forensic institutions. The National Forensic Service (NFS) of South Korea announced on Tuesday that it had successfully completed a multiyear [...]
SEOUL, June 26 (Korea Bizwire) — In a global first, South Korea’s Korean Register (KR) and HD Hyundai have successfully demonstrated a technology that captures and recycles boil-off gas from LNG-fueled ships under construction, repurposing it as city gas for onshore use. The trial was conducted at HD Hyundai Heavy Industries’ Ulsan shipyard on a [...]