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SK Telecom Tests Self-driving Automobile on Highway

SK Telecom Tests Self-driving Automobile on Highway

SEOUL, Sept. 21 (Korea Bizwire) — SK Telecom Co. said Thursday it successfully tested its self-driving automobile on the highway, taking a step closer toward the development of a full autonomous vehicle. South Korea’s No. 1 mobile carrier said its self-driving automobile ran 26 kilometers earlier in the day with an average speed of 47 [...]

LG Electronics Starts Sales of V30 Smartphone This Week

LG Electronics Starts Sales of V30 Smartphone This Week

SEOUL, Sept. 20 (Korea Bizwire) — LG Electronics Co. said Wednesday that it will begin sales of its latest high-end smartphone, the V30, this week in South Korea, to compete with the Galaxy S8 series and the Galaxy Note 8 by Samsung Electronics Co., and other rival models. Customers who made preorders through the country’s [...]

Hyundai Merchant Seeing Business Improvement

Hyundai Merchant Seeing Business Improvement

SEOUL, Sept 19 (Korea Bizwire) — Hyundai Merchant Marine Co., South Korea’s top shipping firm, is seeing its business performance improve sharply on the back of reduced costs and increased profit, its chief said Tuesday. “Compared to last year, our performance is improving significantly, based on a virtuous cycle of reduced costs and expanded profit,” [...]

SK Chemicals, GSK Awaiting Commercial Sales of Shingles Vaccine

SK Chemicals, GSK Awaiting Commercial Sales of Shingles Vaccine

SEOUL, Sept. 19 (Korea Bizwire) — SK Chemicals Co., a South Korean pharmaceutical and chemical goods manufacturer, and multinational drug firm GlaxoSmithKline Plc. (GSK) are awaiting final approval of their respective herpes zoster vaccines, market watchers said Tuesday. Approval is forecast to shake up the market in a big way, setting up a showdown with [...]

Chemical Firms to Invest 10 tln Won in Upgrading Industrial Complex

Chemical Firms to Invest 10 tln Won in Upgrading Industrial Complex

SEJONG, Sept. 14 (Korea Bizwire) — South Korea’s major chemical companies will join forces to invest 10 trillion won (US$8.84 billion) in upgrading an industrial complex on the west coast, the government said Thursday. Lotte Chemical Corp., S-Oil Corp. and Hanwha Total Petrochemical Co. signed a memorandum of understanding with the provincial government for the [...]

Samsung, LG to Deal Jointly with U.S. Washer Safeguard Probe

Samsung, LG to Deal Jointly with U.S. Washer Safeguard Probe

SEOUL, Sept. 7 (Korea Bizwire) — South Korean home appliance giants Samsung Electronics Co. and LG Electronics Inc. will work together to deal with a U.S. safeguard probe of their washing machines, sources said Thursday. In June, the U.S. government started a safeguard investigation into foreign washers, mostly made by South Korean companies, at the [...]

LG Group Rules Out Producing Its Own Electric Cars

LG Group Rules Out Producing Its Own Electric Cars

SEOUL, Sept. 7 (Korea Bizwire) — LG Group, which has been aggressively expanding its presence in the vehicle components sector, made clear it is not moving to build electric vehicles (EVs), industry sources said Thursday. “We are not even considering manufacturing a complete vehicle,” an LG Group official stressed. Industry watchers have been speculating that [...]

Doosan Group Taps Collaborative Robot Market

Doosan Group Taps Collaborative Robot Market

SEOUL, Sept. 6 (Korea Bizwire) — Heavy machinery and power equipment conglomerate Doosan Group said Wednesday that it is planning to enter the so-called collaborative robot market soon with a plan to start selling such robots next year. Doosan set up a robot-developing unit in 2015, which recently showcased four collaborative robot models. Rather than [...]