SEOUL, Mar. 3 (Korea Bizwire) — U.S.-based coworking space provider WeWork will “definitely” continue to invest in South Korea as it sees a growing number of individuals and startups seeking support and a sense of community, a WeWork executive said Sunday. WeWork entered Korea in August 2016 by opening its first location in the affluent [...]
SEOUL, Feb. 27 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, on Wednesday outlined a massive five-year investment plan centered on research and future vehicle technologies and underlined the need to maintain sufficient liquidity to guarantee growth. The announcement comes a day after U.S. activist investor Elliott Management demanded Hyundai Motor [...]
BARCELONA, Feb. 27 (Korea Bizwire) — Chinese telecom equipment maker Huawei Technologies Inc. wants to expand investment in South Korea’s 5G infrastructure and services as it moves to strengthen its presence in the key market, a senior network official said Wednesday. South Korean carrier LG Uplus used Huawei’s equipment for its 5G infrastructure and is [...]
BARCELONA, Feb. 25 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Monday that it will step up security measures on its 5G network that uses Huawei’s equipment, addressing concerns over the Chinese telecom gear maker that’s facing possible bans around the world. LG Uplus CEO Ha Hyun-hoi tried to assuage concerns [...]
SEOUL, Feb. 25 (Korea Bizwire) — Food companies are coming up with variety of recipes, including salmon and tuna, for home meal replacement (HMR) products. In 2017, South Koreans consumed 58.4 kilograms of fishery products per person, surpassing Japan to become the largest consumers in the world. According to the Norwegian Seafood Council, the favorite [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korea’s largest game publisher NCSOFT Corp. said Friday that the new version of its mobile mega-hit game “Lineage M” will overcome the limitations of its platform. The so-called master server will be adopted for the massively multiplayer online role-playing game (MMORPG) starting for the first time in March [...]
SEOUL, Feb. 21 (Korea Bizwire) — If the rise of global content streaming services like YouTube and Netflix have taught any lessons to those in the Korean media industry, one thing is for sure: You have to become big to survive. An explosive growth in demand for over-the-top (OTT) content in the world’s most-connected country [...]
SEOUL, Feb. 21 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chip maker, said Thursday it has officially expressed interest in creating a semiconductor cluster in Yongin, Gyeonggi Province, about 50 kilometers south of Seoul. A special purpose company has submitted a letter of investment intent, for investing in Yongin, to the city’s [...]
SEOUL, Feb. 17 (Korea Bizwire) — LG Electronics Inc. will simultaneously showcase two premium smartphones based on 5G and 4G to better cater to various consumer needs and improve profits, its mobile business chief has said. The South Korean electronics maker said it will unveil its V50 ThinQ, which runs on 5G, and its 4G-based [...]
SEOUL, Feb. 17 (Korea Bizwire) — The battle for 5G leadership is heating up among South Korean mobile carriers ahead of MWC Barcelona, the world’s largest mobile trade show set to opens its doors later this month. Following the launch of 5G services for enterprises in December, South Korean telecommunications companies have been jacking up [...]