SEOUL, Sept. 2 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Tuesday it has formed an alliance with global telecom operators, content developers and U.S. chipmaker Qualcomm Technologies Inc. to develop 5G-based augmented reality (AR) and virtual reality (VR) content to boost the budding industry. The Global XR Content Telco [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s leading shipper HMM Co. said Monday that it has signed a deal to sell a 50 percent minus one share stake in a container terminal in Spain to French shipping giant CMA CGM for 58.9 billion won (US$49.5 million). HMM said it will set up a joint [...]
SEOUL, Aug. 6 (Korea Bizwire) — Hyundai Motor Co. will work with a British partner to build urban air mobility (UAM) infrastructure, South Korea’s leading carmaker said Thursday. The deal with Urban-Air Port calls for close cooperation in the building of facilities that can handle takeoff and landings of future personal air vehicles (PAVs) as [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Tuesday it has partnered with the country’s top delivery operator Woowa Brothers Corp. to develop a robot delivery service using 5G technology. The two companies signed an agreement to introduce SK Telecom’s 5G mobile edge computing (MEC) technology into Woowa [...]
SEOUL, July 30 (Korea Bizwire) — SK E&S Co., a leading South Korean gas provider, said Thursday that it will invest US$115.8 million to set up a joint venture (JV) with U.S. solar energy company Sunrun Inc. in its latest move to expand its energy solution business in the United States. Under the plan, SK [...]
SEOUL, July 22 (Korea Bizwire) – Kakao Mobility, a South Korean firm that provides ride-hailing and driver-for-hire services, had signed a business cooperation agreement with GS Caltex Corp. on Tuesday to promote the use of electric bicycles. GS Caltex, the second-biggest refiner by sales in South Korea, will install and run battery-charging facilities for Kakao [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s leading telecom operator SK Telecom Co. said Tuesday it has partnered with Hewlett Packard Enterprise (HPE) to export its 5G mobile edge computing (MEC) technology. The carrier signed an agreement to form a consortium with the Asia Pacific and South Korea units of HPE to provide the [...]
SEOUL, June 19 (Korea Bizwire) — SsangYong Motor Co. said Friday it has signed an initial agreement with Chinese carmaker Songuo Motors Co. to export its Tivoli sport utility vehicle. Under the basic agreement, SsangYong Motor will deliver the Tivoli SUV in the form of knockdown units to Songuo Motors’ plants in China to be [...]
SEOUL, June 19 (Korea Bizwire) — The Korean unit of Chinese tech giant Huawei Technologies Co. on Friday signed a partnership deal to support South Korea’s artificial intelligence (AI) businesses as it tries to expand its presence here. Under the deal with the Korean Artificial Intelligence Association, which represents some 300 startups in the AI [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group, South Korea’s leading carmaker, said Sunday that it has joined hands with local solar cells and modules manufacturer Hanwha Q Cells to develop energy storage system (ESS) with used electric vehicle (EV) batteries. Under the memorandum of understanding, the two sides will cooperate to find a [...]