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SK Chemicals Works with Daewoong Pharm to Boost Sales of Shingles Vaccine

SK Chemicals Works with Daewoong Pharm to Boost Sales of Shingles Vaccine

SEOUL, May 10 (Korea Bizwire) — SK Chemicals Co., a South Korean vaccine maker, said Thursday it has joined with Daewoong Pharmaceutical Co. to sell its herpes zoster vaccine in South Korea. Under the agreement, the two companies will work together on the sales and marketing of Skyzoster, a shingles vaccine developed by SK Chemicals, [...]

Kia Partners with Facebook to Test Augmented Reality

Kia Partners with Facebook to Test Augmented Reality

SEOUL, May 4 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday it has partnered with Facebook to help the U.S. social media giant test augmented reality. Earlier in the week, Facebook announced it will test a new feature in Facebook Messenger that will let users message companies to see [...]

E-Mart Signs MOU with Dutch Food Retailer SPAR International

E-Mart Signs MOU with Dutch Food Retailer SPAR International

SEOUL, May 2 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount store chain by sales, is set to sign an initial agreement with Dutch food retailer SPAR International, a company official said Wednesday, in a move to boost its presence in China. E-Mart is scheduled to sign a memorandum of understanding (MOU) with SPAR [...]

LG Acquires Shares in S. Korean AI Startup Acryl

LG Acquires Shares in S. Korean AI Startup Acryl

SEOUL, May 2 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it has invested 1 billion won (US$934,000) in the South Korean startup Acryl, which specializes in the development of artificial intelligence technologies. Under the deal, LG acquired a 10 percent stake, or 336,000 shares in the venture firm. Established in 2011, Acryl focuses [...]

Naver Opens AI Research Lab with HKUST

Naver Opens AI Research Lab with HKUST

SEOUL, Apr. 13 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. said Friday it has opened a research center specializing in artificial intelligence (AI) technology with Hong Kong University of Science and Technology (HKUST). The South Korean company said the research center, dubbed NAVER/LINE-HKUST AI Laboratory, will operate in Hong Kong and carry [...]

KOTRA Signs MOU with Saudi Aramco to Enhance Biz Ties

KOTRA Signs MOU with Saudi Aramco to Enhance Biz Ties

SEOUL, Apr. 11 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency (KOTRA) said Wednesday it has signed a memorandum of understanding (MOU) with Saudi Aramco, the world’s largest crude exporter, to enhance bilateral cooperation in energy, trade, investment and other fields. KOTRA said it expects the MOU signed at KOTRA’s headquarters in southern Seoul on [...]

LG Chem to Invest 239.4 bln Won in Joint Ventures with Chinese Firm

LG Chem to Invest 239.4 bln Won in Joint Ventures with Chinese Firm

SEOUL, Apr. 11 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Wednesday that it has decided to invest 239.4 billion won (US$224.8 million) in two separate joint ventures with Huayou Cobalt Co., a Chinese supplier of the mineral. The deal underscored LG Chem’s efforts to secure a stable supply of cobalt, [...]

POSCO-Samsung SDI Consortium to Build Cathode Plant in Chile

POSCO-Samsung SDI Consortium to Build Cathode Plant in Chile

SEOUL, Mar. 12 (Korea Bizwire) — A South Korean consortium made up of steelmaker POSCO and battery maker Samsung SDI Co. will invest 57.5 billion won (US$54 million) to build a cathode plant in Chile by 2021, POSCO said Sunday. The POSCO-Samsung SDI consortium beat 12 companies from seven countries to secure the Chilean project, [...]