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S. Korea to Promote Fintech Ties with Silicon Valley

S. Korea to Promote Fintech Ties with Silicon Valley

SEOUL, Nov. 4 (Korea Bizwire) — South Korea said Friday it will strengthen partnerships with Silicon Valley on financial technology, called fintech. The Fintech Center of Korea signed memorandums of understanding (MOUs) with two high-profile organizations — 500 Startups and Silicon Valley Forum — for the initiative on the sidelines of a South Korean Fintech [...]

LG Elecs Forges Partnership with Bang & Olufsen in TV Offerings

LG Elecs Forges Partnership with Bang & Olufsen in TV Offerings

SEOUL, Mar. 21 (Korea Bizwire) — South Korean tech giant LG Electronics Ltd. said Sunday it has signed a deal with Bang & Olufsen to supply high-end televisions to the Danish maker of premium hi-fi systems. Under the agreement, LG Electronics will supply organic light-emitting diode (OLED) televisions to the Danish company for five years [...]

Sequel to ‘D-War’, Hollywood-level Sci-fi Film, to Debut Next Year

Sequel to ‘D-War’, Hollywood-level Sci-fi Film, to Debut Next Year

BEIJING, Mar. 21 (Korea Bizwire) — Comedian-turned-film director Shim Hyung-rae announced Saturday the production of a sequel to his fantasy movie “D-War” from 2007. The sequel, “D-War II,” is the first “Hollywood-class” science fiction movie to be produced in China, Shim said at a news conference in Beijing. Production will begin around June with the [...]

KEPCO Inks Dubai Smart Grid Deal, Enters Mideast Market

KEPCO Inks Dubai Smart Grid Deal, Enters Mideast Market

SEJONG, Oct. 29 (Korea Bizwire) — South Korea’s state-run power monopoly said Thursday that it has inked a smart grid system deal with Dubai that can lead to more business opportunities down the road. The US$3 million agreement with Dubai Electricity & Water Authority (DEWA) signed in the United Arab Emirates is the first smart [...]

S. Korea, Austria Agree to Lift Limits on Direct Passenger Flights

S. Korea, Austria Agree to Lift Limits on Direct Passenger Flights

SEJONG, Oct. 22 (Korea Bizwire) — South Korea and Austria have agreed to lift limits on direct passenger flights as a move to facilitate the movement of people and cargo between the two countries, the government said Thursday. The agreement, reached at the Air Service Negotiation Event of the International Civil Aviation Organization (ICAO) under [...]

Gov’t, Samsung to Back Development of Manufacturing Robots

Gov’t, Samsung to Back Development of Manufacturing Robots

SEJONG, Oct. 19 (Korea Bizwire) — South Korea’s government said Monday that it will join forces with Samsung Electronics Co. to develop precision manufacturing robots that could open new horizons for the local manufacturing sector. The plan calls for 16.75 billion won (US$14.8 million) worth of taxpayers’ money to be invested in the next three [...]

Korean Culture TV Channel to be Launched in China This Year

Korean Culture TV Channel to be Launched in China This Year

SEOUL, Oct. 19 (Korea Bizwire) – A channel devoted to Korean culture will be launched as part of an Internet Protocol TV (IPTV) service in China in December, run by the country’s state-run broadcaster, its operator said Monday. The Heilongjiang Newspaper, which is in charge of operating the Korean broadcast at China’s CCTV.COM, said it [...]

S. Korea, India Agree to Increase Passenger Flights, Routes

S. Korea, India Agree to Increase Passenger Flights, Routes

SEJONG, Oct. 16 (Korea Bizwire) — South Korea and India agreed to increase the number of weekly flights and destinations that can be served by their respective flag carriers, the government said Friday. The agreement, reached after two days of negotiations in New Delhi on Thursday, calls for raising the number of flights allocated to [...]

KEPCO, Maryland Agree to Cooperate on New Energy Sector

KEPCO, Maryland Agree to Cooperate on New Energy Sector

SEJONG, Oct. 16 (Korea Bizwire) — South Korea’s state-run power monopoly said Friday that it has reached an agreement with Maryland to work together on the development of the new energy sector. The memorandum of understanding (MOU) signed in Annapolis on Thursday calls for the forging of close ties in such areas as smart grids, [...]