PAJU, Nov. 10 (Korea Bizwire) — The U.S. industrial giant General Electric opened a collaboration office in the South Korean border city of Paju Monday as part of efforts to expand business in preparation of the unification of the two Koreas. GE held an opening ceremony to celebrate the opening of its office at Paju [...]
SEJONG, Oct. 29 (Korea Bizwire) — South Korea’s state-run power monopoly said Thursday that it has inked a smart grid system deal with Dubai that can lead to more business opportunities down the road. The US$3 million agreement with Dubai Electricity & Water Authority (DEWA) signed in the United Arab Emirates is the first smart [...]
SEJONG, Oct. 22 (Korea Bizwire) — South Korea and Austria have agreed to lift limits on direct passenger flights as a move to facilitate the movement of people and cargo between the two countries, the government said Thursday. The agreement, reached at the Air Service Negotiation Event of the International Civil Aviation Organization (ICAO) under [...]
SEJONG, Oct. 19 (Korea Bizwire) — South Korea’s government said Monday that it will join forces with Samsung Electronics Co. to develop precision manufacturing robots that could open new horizons for the local manufacturing sector. The plan calls for 16.75 billion won (US$14.8 million) worth of taxpayers’ money to be invested in the next three [...]
SEOUL, Oct. 19 (Korea Bizwire) – A channel devoted to Korean culture will be launched as part of an Internet Protocol TV (IPTV) service in China in December, run by the country’s state-run broadcaster, its operator said Monday. The Heilongjiang Newspaper, which is in charge of operating the Korean broadcast at China’s CCTV.COM, said it [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea and India agreed to increase the number of weekly flights and destinations that can be served by their respective flag carriers, the government said Friday. The agreement, reached after two days of negotiations in New Delhi on Thursday, calls for raising the number of flights allocated to [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea’s state-run power monopoly said Friday that it has reached an agreement with Maryland to work together on the development of the new energy sector. The memorandum of understanding (MOU) signed in Annapolis on Thursday calls for the forging of close ties in such areas as smart grids, [...]
SEJONG, Oct. 15 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. will work with the Inter-American Development Bank (IDB) to provide educational robots to Costa Rica, the government said Thursday. The Ministry of Trade, Industry and Energy said under the US$2.4 million deal reached in Washington, SK Telecom will provide 1,500 robots [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s No. 3 mobile carrier LG Uplus Corp. said Tuesday it plans to establish what it calls an open-based Internet of Things (IoT) ecosystem in partnership with domestic and foreign firms, as the industry continues to rise as the new battleground for mobile carriers. LG Uplus said it [...]
BEIJING, Sept. 22 (Korea Bizwire) — Yonhap News Agency, South Korea’s key newswire service, and the People’s Daily, an official newspaper of China’s Communist Party, on Tuesday agreed to forge closer cooperation in covering news. The memorandum of understanding was signed in Beijing between Cho Bock-rae, managing director for content convergence of Yonhap News Agency, [...]