SEOUL, Jan. 8 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has partnered with Uber Technologies Inc. to foster an urban air mobility service in its latest move to take a lead in the fledgling business. Hyundai Motor and Uber signed a strategic deal, the first of its kind for the U.S. ride-hailing company, [...]
SEOUL, Jan. 5 (Korea Bizwire) — LG Electronics Inc., a major South Korean tech firm, said Sunday it will joins hands with a Canadian startup to research and develop artificial intelligence (AI) technologies. Under the partnership with Element AI Inc., LG Electronics will collaborate in developing human-like algorithms that can be applied to various products [...]
SEOUL, Dec. 18 (Korea Bizwire) — Samsung Electronics Co., the world’s No. 1 memory chipmaker, said Wednesday it will mass-produce an artificial intelligence (AI) chip for Chinese web portal operator Baidu Inc. early next year. Samsung will manufacture Baidu KUNLUN, the Chinese internet firm’s first cloud-to-edge AI accelerator, which is to be built on Baidu’s [...]
SEOUL, Dec. 17 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunication service provider, said Tuesday it has signed a strategic partnership with the world’s top 360-degree camera maker to offer better 5G-based video communication service. Under the agreement with Insta360, KT said its Real 360 service, which allows users to chat with others in [...]
SEOUL, Dec. 6 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday it will establish a 50:50 joint venture with General Motors to build a battery cell assembly plant in the world’s most important automobile market amid a global push for zero emissions. LG Chem and GM said they will invest [...]
SEOUL, Dec. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Thursday it will invest US$916 million in its U.S. affiliate for a plan to set up an electric vehicle (EV) battery manufacturing joint venture with General Motors in the United States. Earlier in the day, Reuters reported that the two [...]
SEOUL, Dec. 5 (Korea Bizwire) — KT Corp., South Korea’s major telecommunication service provider, on Thursday said it has agreed with China Mobile Communication Corp. to boost cooperation on 5G roaming services and a blockchain system. Using China Mobile’s network, KT said its 5G roaming services in China will be available later this month. The [...]
SEOUL, Nov. 29 (Korea Bizwire) — SK Energy, South Korea’s leading oil refinery and gas station operator, said Friday it has invested 76 billion won (US$64 million) in a joint venture (JV) with a Chinese company to tap into the neighboring country’s asphalt market. SK Energy and Zhejiang Baoying Group set up a 49:51 joint [...]
SEOUL, Nov. 19 (Korea Bizwire) — Element AI, a Canadian startup for artificial intelligence-powered software solutions, aims to join hands with more South Korean companies to help them adopt its cutting-edge technology, company executives said Tuesday. Based in Montreal, Element AI is an AI solutions provider co-founded in 2016 by AI authority and professor Yoshua [...]
SEOUL, Nov. 19 (Korea Bizwire) – Two affiliates of energy and construction-centered GS Group said Tuesday they have formed a partnership with U.S. micro-mobility startup Lime to offer better mobility services using their infrastructure. GS Caltex Corp., a major refiner, and GS Retail Co., the group’s retail business affiliate, will provide charging services for Lime’s [...]