SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Co. announced on Tuesday the launch of Hyundai Cradle Tel Aviv, an open innovation center, in Israel. Hyundai Cradle will begin making strategic investments in AI startups in Israel and will engage with companies possessing cutting-edge technology. Hyundai Cradle is Hyundai Motor’s third global open innovation center [...]
SEOUL, Nov. 7 (Korea Bizwire) — Blue Bottle Coffee Co., an upscale U.S. coffee chain operator, said Wednesday that it will open its first Korean shop in Seoul in the second quarter of next year as the company moves to expand its presence in the Asian market. It said the new cafe and a roastery [...]
SEOUL, Nov. 6 (Korea Bizwire) — The popular portal website Naver Corp. revealed yesterday that it will be implementing a new function on its website that allows users to replay home runs during Korean Series baseball matches airing live. The function is based on artificial intelligence (AI) technology. The technology automatically recognizes home run sequences [...]
SEOUL, Nov. 6 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will make a full-fledged effort to penetrate deeper into the business-to-business washer industry and release products optimized for corporate clients. The South Korean tech giant said the decision comes as the local market for commercial washers is expected to grow 50 percent annually [...]
SEOUL, Nov. 2 (Korea Bizwire) — Chu Seung-yup and his three friends, all in their early 20s, looked triumphant when they successfully finished an escape room game at a CGV movie theater in Seoul, late October. The game was what attracted them to the cinema. The four friends came to Seoul on Oct. 21 from [...]
SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Co. and SK Networks Co. have joined hands to create new infrastructure for the establishment of an electric car charging station. Hyundai revealed yesterday that it had signed an MOU with SK Networks that would make this possible. According to the MOU, Hyundai will develop high-speed electric [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s top cryptocurrency exchange Bithumb has signed a deal with a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday. The agreement with SeriesOne calls for Bithum to invest in and provide technical support for the establishment of the envisioned security [...]
SEOUL, Oct. 30 (Korea Bizwire) — E-Mart Inc. revealed yesterday that it will be adopting eco-friendly packaging that would allow plastic containers belonging to its own brand products to be recycled with ease. Colored plastic bottles and caps will be replaced with colorless plastic. In addition, product labels will be made easier to remove. E-Mart [...]
SEOUL, Oct. 29 (Korea Bizwire) — Woongjin Co. said Monday that its consortium has signed an agreement with a local private equity firm to acquire Coway Co. for 1.68 trillion won (US$1.48 billion) while the Woongjin chairman vowed to make the top water purification maker the business group’s key growth engine. Under the deal, Woongjin [...]
SEOUL, Oct. 23 (Korea Bizwire) — Starbucks Coffee Korea Co. is adding 300 more ‘cashless shops’ in addition to the 103 stores currently in operation, starting on Monday. Cashless stores recommend that customers use a means of payment other than cash. The company noted that adding 300 more cashless stores would amount to one-third of [...]