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Let’s Stop Fine Dust: Gyeonggi Office of Education Proposes Air Dome for Students

Let’s Stop Fine Dust: Gyeonggi Office of Education Proposes Air Dome for Students

SEOUL, Jul. 10 (Korea Bizwire) — Last year, schools in Gyeonggi Province had an average of seven days when outdoor gym classes were cancelled and replaced with indoor activities due to poor air quality. As students have less frequent access to outdoor activities due to external factors, they may not end up getting all the [...]

Samsung Opens Foundry R&D Division Under Device Solution Arm: Sources

Samsung Opens Foundry R&D Division Under Device Solution Arm: Sources

SEOUL, May 21 (Korea Bizwire) — Samsung Electronics Co. recently opened a research and development (R&D) center for its foundry business, industry sources said Monday, reflecting its drive to advance deeper into the segment. Industry sources said Samsung, which has emerged as one of the major leaders of the global chip industry, is currently seeking [...]

Hyundai to Up Stake in U.S. Wireless Tech Firm

Hyundai to Up Stake in U.S. Wireless Tech Firm

SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand its investment in U.S. wireless technology company Metawave for an improved partnership on autonomous vehicles. Hyundai Motor made an initial investment in Metawave last year in a bid to jointly develop cutting-edge radar technology for autonomous vehicles. This year, it will [...]

Lotte to Spend 3 tln Won on Boosting E-commerce Business

Lotte to Spend 3 tln Won on Boosting E-commerce Business

SEOUL, May 15 (Korea Bizwire) — South Korea’s retail giant Lotte said Tuesday it will inject 3 trillion won (US$2.84 billion) into the conglomerate’s e-commerce business in the next five years to cope with the rapid expansion of the country’s online market. As part of its plan, Lotte Shopping Co. said eight online malls that [...]

L’Oreal Buys S. Korean Online Retailer Nanda

L’Oreal Buys S. Korean Online Retailer Nanda

SEOUL, May 3 (Korea Bizwire) — French cosmetics giant L’Oreal said Thursday it will buy Nanda Co., one of South Korea’s leading online retailers, amid the global popularity of K-pop and Korean beauty items. L’Oreal said it will wholly purchase the makeup and fashion company, without disclosing the transaction price. It marks the French firm’s [...]

K-Cosmetics Make Inroads in the U.S.

K-Cosmetics Make Inroads in the U.S.

SEOUL, Apr. 30 (Korea Bizwire) — Korean cosmetics producers are heading into the global market after success in China and Southeast Asia. Both manufacturers and distributors alike of Korean cosmetics are expanding their production facilities to more advanced markets such as the U.S. and Japan, while taking an aggressive stance via mergers or takeover of [...]