SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Motor Co. has partnered with a Chinese institute to set up a US$100 million fund for local investments in hydrogen technologies and related industrial infrastructure, the company said Monday. Hyundai Motor and the Beijing-Tsinghua Industrial R&D Institute have kicked off the Hydrogen Energy Fund, with venture capitalists from [...]
SEOUL, Oct. 10 (Korea Bizwire) – Some 10,000 yogurt carts — small movable vending stations selling yogurt products that are ubiquitous in South Korean towns and cities — will be used as platforms to measure fine dust levels across the country. SK Telecom Co. announced on Monday that it will be introducing a fine dust [...]
SEOUL, Sept. 19 (Korea Bizwire) — The Federation of Korean Industries (FKI) said Wednesday it has established the Korean committee of the Silk Road Chamber of International Commerce (SRCIC) to help promote China’s Belt and Road Initiative. The FKI set up the committee at the request of the SRCIC. The Korean business lobby group will [...]
SEOUL, Sept. 7 (Korea Bizwire) — The state-run Korea Gas Corp. (KOGAS) said Friday it will start test runs of a liquefied natural gas (LNG)-powered truck, jointly developed by Daewoo Tata Commercial Vehicle Company, to examine its safety and economic viability. The 400 horsepower-truck will be built on a Tata Daewoo frame and powered by [...]
SEOUL, Sept. 6 (Korea Bizwire) — Kakao Mobility, a South Korean firm that provides ride-hailing and driver-for-hire services, said Thursday that it has invested 1.5 billion yen (US$13.4 million) for a 3.4 percent stake in Japan’s largest taxi-hailing service, JapanTaxi Co., in a move to expand its services beyond the home market. The two firms [...]
SEOUL, Sept. 5 (Korea Bizwire) — U.S. food delivery app Uber Eats said Wednesday that it has signed a partnership with South Korean food service company CJ Foodville in the latest move to boost its presence in the country’s growing food delivery market. Uber Eats said major CJ Foodville brands, such as VIPS, Cheiljemyunso, The [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hyundai Motor Co. said Monday it has partnered with a Chinese energy group in a commercial vehicle joint venture. At its Seoul headquarters Monday, South Korea’s biggest carmaker by sales signed a “strategic partnership” agreement with Sichuan Energy Industry Investment Group to expand into the Chinese commercial vehicle market, [...]
SEOUL, Aug. 29 (Korea Bizwire) — KT Corp. said Wednesday it has partnered with the U.S. chip giant Intel Corp. to develop an ecosystem for high-end fifth-generation (5G) technology. South Korea’s No. 2 mobile carrier will cooperate in delivering innovative solutions for 5G with a foundation of Intel architecture, according to the company’s press release. [...]
SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Motor Co. said Monday it has invested in Indian car sharing firm Revv to supply it with vehicles and jointly develop new mobility services for Indian customers. Investment in the Delhi-based shared mobility platform is the latest in Hyundai’s series of investments in global car sharing companies as [...]
SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Department Store Group said Monday it has joined hands with Amazon to develop the “next-generation” retail model amid local retailers’ push to adopt the latest technology to their online and offline platforms. Under the strategic collaboration agreement with Amazon Web Service (AWS) Korea signed on Friday, Hyundai said [...]