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Ulsan and KT Agree to Develop Mobile Currency

Ulsan and KT Agree to Develop Mobile Currency

ULSAN, Nov. 15 (Korea Bizwire) — The city of Ulsan and KT Corp. signed a memorandum of understanding on Wednesday to adopt a mobile currency for the city. The two parties agreed to carry out preparatory projects to adopt the local currency, conduct joint studies and research projects, exchange information, and discover innovative ideas that [...]

Hyundai and SK Networks Cooperate to Establish High-speed Electric Car Charging Station

Hyundai and SK Networks Cooperate to Establish High-speed Electric Car Charging Station

SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Co. and SK Networks Co. have joined hands to create new infrastructure for the establishment of an electric car charging station. Hyundai revealed yesterday that it had signed an MOU with SK Networks that would make this possible. According to the MOU, Hyundai will develop high-speed electric [...]

Hyundai to Set Up $100 mln Hydrogen Fund in China

Hyundai to Set Up $100 mln Hydrogen Fund in China

SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Motor Co. has partnered with a Chinese institute to set up a US$100 million fund for local investments in hydrogen technologies and related industrial infrastructure, the company said Monday. Hyundai Motor and the Beijing-Tsinghua Industrial R&D Institute have kicked off the Hydrogen Energy Fund, with venture capitalists from [...]

Kakao Mobility Joins Hands with JapanTaxi

Kakao Mobility Joins Hands with JapanTaxi

SEOUL, Sept. 6 (Korea Bizwire) — Kakao Mobility, a South Korean firm that provides ride-hailing and driver-for-hire services, said Thursday that it has invested 1.5 billion yen (US$13.4 million) for a 3.4 percent stake in Japan’s largest taxi-hailing service, JapanTaxi Co., in a move to expand its services beyond the home market. The two firms [...]

Hyundai Partners with China Energy Group in Commercial Car JV

Hyundai Partners with China Energy Group in Commercial Car JV

SEOUL, Sept. 3 (Korea Bizwire) — Hyundai Motor Co. said Monday it has partnered with a Chinese energy group in a commercial vehicle joint venture. At its Seoul headquarters Monday, South Korea’s biggest carmaker by sales signed a “strategic partnership” agreement with Sichuan Energy Industry Investment Group to expand into the Chinese commercial vehicle market, [...]