SEOUL, Oct. 6 (Korea Bizwire) — Korean Air Lines Co. said Thursday it has signed a memorandum of agreement with Airbus Helicopters to develop unmanned reconnaissance helicopters for the South Korean military. Under the technology partnership, Korean Air will develop an unmanned carrier-based helicopter and an unmanned helicopter for surveillance and reconnaissance purposes over South [...]
SEOUL, Sept. 28 (Korea Bizwire) — Youlchon Chemical Co., a South Korean producer of plastic films, said Wednesday it has signed an agreement to supply a key battery component used in electric vehicles to the joint venture company run by LG Energy Solution Ltd. and U.S. General Motors Co. for the next six years. The [...]
SEOUL, Sept. 25 (Korea Bizwire) — POSCO International Corp., the commodity trading unit of South Korean steel giant POSCO Holdings Co., said Sunday it is investing a combined 280 billion won (US$198.2 million) to triple its natural gas production in the next three years. The funding will be provided to Senex, a subsidiary co-owned by [...]
SEOUL, Sept. 23 (Korea Bizwire) — KT Corp., South Koreas No. 2 wireless carrier, said Friday it has signed a partnership agreement with the Vector Institute, a Canadian nonprofit artificial intelligence (AI) research institution, for joint AI-related research and projects. Under the agreement, KT and the institute will work together in pursuing joint AI research, [...]
SEOUL, Sept. 23 (Korea Bizwire) — LG Electronics Inc. said Thursday that it will expand its service robot business with the LG CLOi ServeBot in collaboration with mobile carrier LG Uplus Corp. The two affiliates of LG Group agreed to cooperate in the expansion of the service robot business, exploration of new business opportunities, exploration [...]
SEOUL, Sept. 21 (Korea Bizwire) — POSCO Chemical Co., a South Korean producer of advanced materials, said Wednesday the construction began for a domestic plant to produce a key coating material used in secondary batteries under a joint venture with chemical company OCI Co. The factory, to be located in the central region of South [...]
SEOUL, Sept. 14 (Korea Bizwire) — An urban air mobility (UAM) consortium led by SK Telecom Co. and Hanwha Systems Co. said Wednesday it has partnered with the Jeju Special Self-Governing Province to launch an air taxi pilot program on South Korea’s southern resort island. The K-UAM Dream Team Consortium, comprising the two companies and [...]
SEOUL, Sept. 7 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automaking group, and telecom giant KT Corp. will strengthen their partnership in future mobility solutions business through share-swap deals amid growing demand for electric and autonomous vehicles, the two companies said Wednesday. Under the share swap deals, KT will exchange its own 7.7 [...]
SEOUL, Sept. 7 (Korea Bizwire) — Hanwha Energy Corp., a South Korean power generation solutions provider, said Wednesday it is building an electricity grid stability plant in Ireland in a move that will give a further boost to its renewable energy and power systems portfolio. The 170 billion-won (US$122.5 million) project commits Hanwha to provide [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean builder SK ecoplant Co. said Tuesday it will take part in large-scale offshore wind power projects in the country in collaboration with a duo of global energy firms. The company on Monday signed a business agreement with British offshore wind developer Corio Generation and French energy and [...]