SEOUL, Mar. 15 (Korea Bizwire) – Hyundai Motor Company revealed the design of its inaugural electric commercial vehicle platform, named ‘ST1′, on March 14. This versatile business platform, based on a chassis cab (the vehicle’s frame and passenger compartment), is designed to be adaptable for various uses. The name ‘ST1′ stands for ‘Service Type 1′, indicating [...]
SEOUL, Mar. 11 (Korea Bizwire) — Samsung Electronics Co. said Monday it will launch its latest Bespoke AI Combo washer-dryer globally within the second quarter of this year. The Bespoke AI Combo, which combines a 25 kilogram washing capacity with a 15 kg heat-pump drying capability, debuted in South Korea late last month. Within just [...]
SEOUL, Mar. 4 (Korea Bizwire) –Following their simultaneous unveiling of integrated washer-dryer units last month, Samsung Electronics and LG Electronics are poised for another face-off with the concurrent launch of their 2024 TV models. Amidst expectations of a market rebound focused on premium TVs after last year’s downturn, both tech giants are doubling down on [...]
SEOUL, Mar. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up [...]
SEOUL, Feb. 29 (Korea Bizwire) –The Korea Ginseng Corporation (KGC) is making a strategic entry into the U.S. vegan beauty market with the launch of its vegan beauty brand Lab 1899. This move is part of the company’s broader initiative to diversify its portfolio and tap into the burgeoning global demand for vegan products. Lab [...]
SEOUL, Feb. 27 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has developed the fifth generation high bandwidth memory (HBM) chips with 12 layers of DRAM chips, helping it lead the booming market for advanced chips. With the industry’s largest capacity of 36 gigabytes (GB), Samsung Electronics said it plans to mass-produce the product [...]
SEOUL, Feb. 27 (Korea Bizwire) – Samsung Electronics is set to make waves at the Mobile World Congress (MWC) in Barcelona, Spain, with the unveiling of its latest wearable device, the “Galaxy Ring.” This innovative piece of technology marks a significant shift from traditional wrist-worn wearables to the emerging domain of smart rings, positioning Samsung at [...]
SEOUL, Feb. 21 (Korea Bizwire) – LG Electronics has announced the launch of an AI-based fault prediction feature in its LG BECON cloud system, marking the introduction of South Korea’s first ICT-based remote maintenance system for commercial air conditioning systems. The feature, set to be implemented by the end of this month, is designed to enhance [...]
BUSAN, Feb. 13 (Korea Bizwire) – Shinsegae Centum City has announced a gradual expansion of its vegan cosmetics line, signaling a shift towards more environmentally friendly and ethical consumer choices. The department store recently inaugurated an Hourglass store on February 1, adding to its growing list of eco-friendly and vegan brands such as Dear Dahlia, Urban [...]
SEOUL, Feb. 9 (Korea Bizwire) –Kakao Enterprise announced on February 8 the launch of ‘burst capability’ for cloud CPUs, enabling them to momentarily exceed their base performance levels and deliver higher performance as needed. The term ‘burstable’ signifies the ability in cloud computing to temporarily expand performance beyond a set baseline in an explosive manner. [...]