Outlook Archives | Be Korea-savvy

Archive by category Outlook

Pantech Transferred 230 U.S. Intellectual Property Rights to Patent Control Entity

Pantech Transferred 230 U.S. Intellectual Property Rights to Patent Control Entity

SEOUL, May 22 (Korea Bizwire) — Pantech Co. South Korea’s smallest smartphone manufacturer that recently announced it will suspend production of mobile devices, turned over 230 U.S. patents to another company, official data showed Sunday. Information provided by the United States Patent and Trademark Office (USPTO) showed that Patech, owned by Solid Inc. a local [...]

Another Victim of THAAD Woes: E-Mart to Exit China

Another Victim of THAAD Woes: E-Mart to Exit China

SEOUL, May 4 (Korea Bizwire) – E-Mart Inc., South Korea’s largest discount outlet chain by revenue, is closing down its business in China two decades after it first entered the country, the company said Tuesday, as widening losses and worsening business conditions stemming from a diplomatic standoff have left the company with little leeway for [...]

Samsung to Start Full-fledged Service of Bixby AI Program

Samsung to Start Full-fledged Service of Bixby AI Program

SEOUL, May 2 (Korea Bizwire) — Samsung Electronics Co. said it plans to start the full-fledged service of Bixby, an artificial intelligence (AI) program installed in its latest flagship Galaxy S8 smartphones. While Samsung officially released the Galaxy S8 smartphone last month, the Bixby service was still in launch preparations. Through deep-learning technology, Samsung said [...]

Naver Jumps into Cloud Computing Market

Naver Jumps into Cloud Computing Market

SEOUL, Apr. 18 (Korea Bizwire) — Naver Corp., the operator of South Korea’s dominant Internet portal, launched a new cloud-computing platform on Monday to join other IT firms in the fast-growing market. Naver Business Platform (NBP), a subsidiary firm under Naver providing IT infrastructure and solutions, released the platform, Naver Cloud Platform, to offer 30 [...]

Pre-orders for Galaxy S8 Greater than Expected: Samsung’s Mobile Chief

Pre-orders for Galaxy S8 Greater than Expected: Samsung’s Mobile Chief

SEOUL, Apr. 14 (Korea Bizwire) — Consumer response for Samsung Electronics Co.’s latest high-end smartphone, the Galaxy S8, has been better than expected, the company’s mobile division chief said Thursday, with pre-orders for the flagship device surpassing a whopping 720,000 units in just seven days in South Korea, heralding a major hit for the company. [...]

Hyundai Motor Ordered to Recall 68,000 Genesis, Equus Sedans for Faulty Canisters

Hyundai Motor Ordered to Recall 68,000 Genesis, Equus Sedans for Faulty Canisters

SEOUL, Apr. 12 (Korea Bizwire) — Hyundai Motor Co., the country’s top automaker, was ordered to recall some 68,000 units of its Genesis and Equus large sedans for faulty fuel vapor canisters, the transportation ministry said Tuesday. The Ministry of Land, Infrastructure and Transport said the affected vehicles were produced in 2011. “We informed Hyundai [...]

Hyundai, Kia Expanding Share in U.S. Hybrid Car Market: Data

Hyundai, Kia Expanding Share in U.S. Hybrid Car Market: Data

SEOUL, Apr. 10 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of their latest sports utility vehicle (SUV) models, data showed Sunday. The South Korean automobile companies sold a combined 4,358 hybrid vehicles in [...]

SK Innovation Aims to Develop Powerful EV Battery by 2020

SK Innovation Aims to Develop Powerful EV Battery by 2020

SEOUL, Apr. 10 (Korea Bizwire) — South Korea’s SK Innovation said Sunday it aims to develop a powerful electric car battery that would enable vehicles to travel 500 kilometers on a single charge by 2020. The energy and chemical business arm of SK Group said it will cope with current business trouble in China through [...]