SEOUL, Oct. 23 (Korea Bizwire) — A decision on LG Uplus Corp.’s plans to import 5G network equipment from Huawei Technologies Co. into the South Korean market is expected this week, as LG Uplus plans to address a parliamentary audit committee on Friday. Sources say that Ha Hyun-hwoi, Vice Chairman and CEO of LG Uplus, [...]
SEOUL, Oct. 23 (Korea Bizwire) – Online shopping malls are planning big sales for November, a month that used to be a slow season but is turning out record sales from discounts, industry officials said Tuesday. EBay Korea racked up sales in November last year through its “Big Smile Day” discounts. Although it did not [...]
SEOUL, Oct. 18 (Korea Bizwire) — WeWork, a leading provider of shared workspaces, plans to open a new office in Busan, South Korea early next year. Matthew Shampine, director of WeWork Asia-Pacific, met with Busan Mayor Oh Keo-don on Tuesday to discuss the opening of the company’s Busan office and the creation of jobs for [...]
SEOUL, Oct. 16 (Korea Bizwire) — Samsung Electronics Co. on Tuesday launched a new brand of chips designed specifically for automobiles, reflecting its strategy of penetrating deeper into the industry. The world’s top chipmaker introduced the Exynos Auto brand, which will be used in processors customized for cars. The company also unveiled its ISOCELL Auto [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s leading food delivery app Baedal Minjok, or Baemin for short, said Sunday it began services for single-member households to meet their growing demands. If they order food through Baemin services, consumers now can order food worth less than 10,000 won (US$8.80) for one person, the company said [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korean mobility startup VCNC said Monday it has launched a new ride-hailing service in Seoul and an adjacent city with 11-seat vans in a move to get around a local transportation law. VCNC said hundreds of its passenger vans offer a service called Tada in Seoul and Incheon, [...]
SEOUL, Oct. 8 (Korea Bizwire) — Mercedes-Benz said Monday it will open a driving academy for customers in South Korea next month as part of efforts to boost sales in the growing Asian market. Mercedes-Benz Korea plans to launch three programs — AMG Performance, AMG Advanced and AMG for Ladies — in the AMG Driving [...]
SEOUL, Oct. 7 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Sunday that it will invest 400 billion won (US$353.8 million) to build a lithium-Ion battery separator plant in China. The company said it plans to break ground early next year for the plant that will make lithium-ion battery separator [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean auto giant Hyundai Motor Co. is considering building a local driving center to offer customers opportunities to experience its vehicles, the company said Friday. At the Paris Motor Show, Vice President Thomas Schemera in charge of Hyundai’s performance-oriented cars unit said the company has a plan to [...]
SEOUL, Oct. 5 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Friday it will seek approval from shareholders on a plan to spin off its design and engineering divisions into a separate R&D-focused corporation. On Thursday, GM Korea’s board of directors agreed to integrate a design center, a [...]