Outlook Archives | Be Korea-savvy

Archive by category Outlook

Local Builders Speed Up Restructuring to Brace for Industry Slump

Local Builders Speed Up Restructuring to Brace for Industry Slump

SEOUL, Dec. 5 (Korea Bizwire) — Local builders are resorting to early retirement plans and large-scale manpower reshuffles to weather a possible industry-wide slump going forward, people in the sector said Wednesday. Samsung C&T has been carrying out staff restructuring over the past two years and recently opened an early retirement package to employees who [...]

New Era of 5G Mobile Communications Coming in March

New Era of 5G Mobile Communications Coming in March

SEOUL, Nov. 30 (Korea Bizwire) — The new generation of 5G telecommunications technology is expected to dawn upon the nation come December 1. South Korea’s three major telecommunication operators will be initiating their 5G services in six major cities including the Seoul metropolitan area next month. The transmission speed of 5G is 20 times that [...]

Renault Samsung Offers More Twizy EVs for Car-sharing Service

Renault Samsung Offers More Twizy EVs for Car-sharing Service

SEOUL, Nov. 28 (Korea Bizwire) — Renault Samsung Motors Corp. said Wednesday it will provide more Twizy ultracompact electric cars to a local car sharing service, a move to strengthen its leading stance as an electric vehicle maker. Renault Samsung will gradually supply another 45 Twizy models to the LH Happiness car-sharing service available at [...]

Carpool App Poolus to Share 10 pct of Profits with Users

Carpool App Poolus to Share 10 pct of Profits with Users

SEOUL, Nov. 27 (Korea Bizwire) — Poolus, a new carpool startup, has announced a plan to share its profits with its customers. According to the plan, Poolus will distribute “pool points” to users of its service, which can either be cashed in or exchanged for shares in the company. In addition, AI technology will be [...]

SK Innovation to Invest 1.14 tln Won in U.S. Battery Plant

SK Innovation to Invest 1.14 tln Won in U.S. Battery Plant

SEOUL, Nov. 26 (Korea Bizwire) — SK Innovation Co., South Korea’s top energy-chemical business, said Monday that it will invest 1.14 trillion won (US$1.01 billion) to build an electric vehicle (EV) battery plant in the United States. The company said it has decided to construct the 9.8 gigawatt-hour capacity battery plant in the city of [...]