SEOUL, Jun. 15 (Korea Bizwire) — Samsung Electronics revealed yesterday that it will be installing solar power generators at all of its business facilities in the U.S., Europe and China. In Korea, some but not all facilities will be equipped with solar power generating systems. To kick off the initiative, Samsung will install solar panels [...]
SEOUL, Jun. 14 (Korea Bizwire) — Starting at the end of this month, beef will be available through IoT-based vending machines for purchase by consumers. The measure is aimed at relaxing measures previously binding the livestock industry while helping consumers gain easier access to beef. When beef goes on sale at vending machines, consumers will [...]
SEOUL, Jun. 14 (Korea Bizwire) — Hyundai Motor is set to develop futuristic AI technology for self-driving cars by partnering with Chinese tech companies. At CES Asia 2018 in Shanghai, the largest electronics exhibit in Asia, the Korean carmaker announced a tech partnership with DeepGlint, a Chinese startup specializing in the field of artificial intelligence. [...]
SEOUL, Jun. 14 (Korea Bizwire) — Samsung Electronics Co. launched a new fund through its U.S.-based innovation strategy arm Samsung NEXT on Thursday, seeking to make investments in startups devoted to artificial intelligence (AI) technologies. Samsung NEXT said it has launched the NEXT Q Fund to invest in “early stage AI startups taking on grand [...]
SEOUL, Jun. 14 (Korea Bizwire) — South Korean banks have stepped up preparations for a possible resumption of economic projects in North Korea, as a historic summit between U.S. President Donald Trump and North Korean leader Kim Jong-un raised hopes of more reconciliation between Seoul and Pyongyang. After about five hours of talks in Singapore [...]
SEOUL, Jun. 10 (Korea Bizwire) — Shinsegae Group Vice Chairman Chung Yong-jin appears to have stepped up foreign market research ahead of the retailer’s launch of a premium grocery store in the United States next year. According to posts of Chung’s Instagram account, he appeared to have visited a food exhibition in the Netherlands last [...]
SEOUL, Jun. 10 (Korea Bizwire) – Yuhan-Kimberly Ltd., a maker of sanitary products in South Korea, indicated Sunday that it could provide seedlings to North Korea if South and North Korea agree to join hands for a forestation project in the North. Yuhan-Kimberly said it will provide seedlings to ensure they can be planted in [...]
SEOUL, Jun. 8 (Korea Bizwire) — Having halted sales of its vehicles in South Korea after the onset of “dieselgate,” Audi Korea announced “Roadmap E Korea” on Wednesday in support of the nation’s electric car industry. Analysts say the roadmap is a strategy aimed at regaining public trust in the company as Audi Korea tries [...]
SEOUL, Jun. 8 (Korea Bizwire) — CJ Logistics Corp. said Friday it has agreed to buy a U.S. logistics company for 231.4 billion won (US$216 million) in its latest drive to expand its presence in the North American market. The South Korean firm signed the deal to purchase a 90 percent stake in DSC Logistics, [...]
SEOUL, Jun. 7 (Korea Bizwire) — Samsung Electronics revealed yesterday that it had selected three startups developed internally and discovered through “Creative Lab,” a program developed to nurture internal startups. With the three additional startups, the total number of startups supported by Samsung’s Creative Lab totals 34. The newly selected startups are Agwart, Catch Flow [...]