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Samsung Galaxy S9 Likely to Feature Variable Aperture

Samsung Galaxy S9 Likely to Feature Variable Aperture

SEOUL, Jan. 17 (Korea Bizwire) — Samsung Electronics Co.’s Galaxy S9 smartphone appears likely to feature a variable aperture camera, according to industry sources and news reports. The new smartphone, set to be unveiled next month, reportedly has a camera that can be moved from a very fast aperture of f/1.5 to a slightly slower [...]

S. Korean Petrochemical Firms Move to Prepare for Higher Oil Prices

S. Korean Petrochemical Firms Move to Prepare for Higher Oil Prices

SEOUL, Jan. 17 (Korea Bizwire) — South Korean petrochemical companies have since last year been moving to make big investments and diversify their portfolios to prepare for changes in the business environment, including higher oil prices, the energy ministry said Wednesday. Major petrochemical companies are set to hold a meeting in Seoul where they will [...]

Apple to Launch 1st Retail Shop in South Korea

Apple to Launch 1st Retail Shop in South Korea

SEOUL, Jan. 17 (Korea Bizwire) — Apple Korea said Wednesday it will open its first full-fledged retail shop in South Korea this month to help customers buy, repair and experience iPhones and other Apple products. The first shop in South Korea will open on Garosugil in the affluent southern district of Gangnam in Seoul on [...]

Samsung, LG to Release New AI-based Air Conditioners This Month: Sources

Samsung, LG to Release New AI-based Air Conditioners This Month: Sources

SEOUL, Jan. 16 (Korea Bizwire) — South Korean air conditioner manufacturers will begin selling new air conditioners this month, well ahead of summer, promoting models with artificial intelligence (AI) and the Internet of Things (IoT) technology, industry sources said Tuesday. IoT is a concept in which objects are connected to the Internet and identify themselves [...]

Foreigners Continue Buying Spree of S. Korean Shares amid Solid Earnings: KRX

Foreigners Continue Buying Spree of S. Korean Shares amid Solid Earnings: KRX

SEOUL, Jan. 16 (Korea Bizwire) — Foreigners have net bought more than 2.2 trillion won (US$2 billion) worth of South Korean stocks this year in continuation of their buying spree from 2017, the Korea Exchange (KRX) said Tuesday, amid strong performance by local firms. Offshore investors acquired listed shares valued at 10.2 trillion won last [...]

Hyundai Motor Invests in Ride-hailing Firm Grab for Partnership

Hyundai Motor Invests in Ride-hailing Firm Grab for Partnership

SEOUL, Jan. 11 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it invested in the Southeast Asian ride-hailing firm Grab for a possible business partnership in the transportation service sector. Hyundai Motor reportedly invested tens of billions of won to acquire a stake in Grab so it could get [...]

Hyundai, Cisco to Unveil Hyperconnected Car Next Year

Hyundai, Cisco to Unveil Hyperconnected Car Next Year

SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Co. and Cisco Systems Inc. said they will team up to produce a next-generation, hyperconnected car next year in the latest move to stay ahead of global competition as sweeping changes in transportation and mobility pick up pace. The two firms aim to create a flexible and [...]