SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Wednesday it will partner with Grab, Southeast Asia’s largest ride-hailing app, to provide real-time navigation services based on big data. SK Telecom and Grab signed an agreement to establish a joint venture, Grab Geo Holdings, in charge of developing advanced [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Thursday it will set up a joint venture with a Vietnamese company to boost sales in the emerging market. Hyundai Motor and Thanh Cong Group signed an initial agreement to establish a sales JV that will be tasked with selling 100,000 vehicles [...]
LAS VEGAS, Jan. 9 (Korea Bizwire) – South Korean home appliance maker LG Electronics Inc. and portal operator Naver Corp. said Wednesday they will partner to develop an advanced guide robot. The two Korean companies agreed to apply Naver’s integrated location and mobility solution eXtended Definition & Dimension Map (xDM) in LG’s guide robot called Air [...]
SEOUL, Jan. 4 (Korea Bizwire) — Kakao Mobility Corp. announced on January 3 that it has signed a joint business agreement with Tago Solutions in order to provide high quality taxi services and improve the welfare of taxi drivers. With the signing of the agreement, the two companies are planning to introduce high-quality services with [...]
SEOUL, Dec. 11 (Korea Bizwire) — Hyundai Movex Co., a logistics system affiliate under Hyundai Group, said Tuesday it has forged ties with Woowa Brothers Corp. to develop a delivery robot that can move between floors. Hyundai Movex said it signed a memorandum of understanding with the South Korean startup that operates the popular food [...]
SEOUL, Dec. 10 (Korea Bizwire) — GS Caltex Corp. and SK Energy Co., South Korea’s leading refiners, have teamed up to launch QBoo, a smart storage service found at gas stations. QBoo allows parcel exchanges, buying and selling second-hand goods, and storing laundry and other goods, using storage lockers. This will increase the inflow of customers at [...]
SEOUL, Nov. 22 (Korea Bizwire) — One of New York’s popular hand-crafted beer franchises has revealed its intention to open up shop in South Korea if the country changes its liquor taxation policy from ad valorem duties to unit taxation. “The Jeju Beer Company will begin production of Brooklyn Brewery beers as soon as unit [...]
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 [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Electronics Inc. said Monday it inked an agreement with E-mart Inc., a retail giant in South Korea, to develop a new type of service robot that can assist shoppers at supermarkets. Under the agreement, the two companies will develop what they call a smart-cart robot that can automatically [...]
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 [...]