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Samsung Electronics Pivots to Renewable Energy

Samsung Electronics Pivots to Renewable Energy

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 [...]

Vending Machines to Start Selling Beef

Vending Machines to Start Selling Beef

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 [...]

Hyundai Motor to Develop AI Tech with Chinese Partners

Hyundai Motor to Develop AI Tech with Chinese Partners

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. [...]

Banks Preparing for Possible Resumption of Inter-Korean Projects

Banks Preparing for Possible Resumption of Inter-Korean Projects

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 [...]

Shinsegae Vice Chairman Steps Up Foreign Market Research

Shinsegae Vice Chairman Steps Up Foreign Market Research

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 [...]

Samsung’s Creative Lab Supports Three More Startups

Samsung’s Creative Lab Supports Three More Startups

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 [...]