Business Plans Archives | Be Korea-savvy

Archive by category Business Plans

Hyundai Motor Set to Break Ground on GBC Complex Next Year

Hyundai Motor Set to Break Ground on GBC Complex Next Year

SEOUL, Dec. 18 (Korea Bizwire) — The construction of Hyundai Motor Group’s new Global Business Center (GBC) is expected to be fast-tracked after the government indicated it would accelerate deliberations related to the project in its economic policy direction for next year. The government said deliberations on Hyundai Motor’s GBC project, which will be built [...]

Hyundai to Invest 7.6 tln Won in Hydrogen Cars by 2030

Hyundai to Invest 7.6 tln Won in Hydrogen Cars by 2030

SEOUL, Dec. 11 (Korea Bizwire) — Hyundai Motor Group and its suppliers will collectively invest 7.6 trillion won (US$6.7 billion) in hydrogen fuel cell electric car-producing facilities and related R&D activities by 2030, the company said Tuesday. Under the so-called hydrogen road map, the business group and 124 partner companies will invest in a plant [...]

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 [...]