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KT, Verizon Hold World’s First Hologram Call on 5G Network

KT, Verizon Hold World’s First Hologram Call on 5G Network

SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s No. 2 mobile carrier KT Corp. on Monday said the company plans to expand ties with U.S. Verizon Communications and jointly demonstrated the world’s first hologram call that can be used on a fifth-generation network. KT said its head Hwang Chang-kyu and his counterpart Lowell McAdam, the [...]

S. Korea to Start Building ‘Smart city’ in Kuwait in 2019

S. Korea to Start Building ‘Smart city’ in Kuwait in 2019

SEOUL, Apr. 4 (Korea Bizwire) — A consortium of South Korean construction companies will start building an eco-friendly residential city in Kuwait in 2019, the infrastructure ministry said Monday. The builders’ consortium led by POSCO A&C and Hyundai Architects and Engineers Associates Co. plans to build the “smart city” which is environmentally friendly, well-organized and [...]

Hyundai Mobis to Develop Highway Self-driving Car Technology by 2020

Hyundai Mobis to Develop Highway Self-driving Car Technology by 2020

SEOUL, Apr. 3 (Korea Bizwire) — South Korea’s top automotive parts supplier Hyundai Mobis Co. said Sunday it will develop technologies for highway driving capable autonomous cars by 2020, with an aim to commercialize them two years later. The company plans to develop the autonomous driving technologies mainly to help two affiliates — Hyundai Motor [...]

Mahindra, SsangYong to Jointly Develop EVs to Enter U.S., China

Mahindra, SsangYong to Jointly Develop EVs to Enter U.S., China

ILSAN, Mar. 31 (Korea Bizwire) — India’s Mahindra Group and its South Korean unit SsangYong Motor Co. will jointly develop an electric vehicle (EV) using the same platform that can target large emerging green car markets in the coming years, the automotive conglomerate’s chief said Thursday. The companies are aiming to develop high-end EVs by [...]

Samsung SDI to Supply Batteries for New VW e-Golf: Source

Samsung SDI to Supply Batteries for New VW e-Golf: Source

SEOUL, Mar. 30 (Korea Bizwire) — South Korea’s Samsung SDI Co. will supply its electric-vehicle batteries to Volkswagen’s new 2017 e-Golf, an industry source said Wednesday. “The new e-Golf equipped with a Samsung battery will go on sale in global markets this spring,” the source told Yonhap News Agency. Samsung SDI and LG Chem Ltd. [...]

S. Korean Firm Shuts Down Battery Plant in China: Source

S. Korean Firm Shuts Down Battery Plant in China: Source

SEOUL, Mar. 30 (Korea Bizwire) — South Korea’s SK Innovation Co. halted operation of its battery packing plant in China in January as its business suffered in the face of Beijing’s move to stop a subsidy to electric vehicle makers that use parts from non-Chinese manufacturers, sources said Wednesday. Orders for the joint venture between [...]

LG Expresses Strong Confidence in Safety of G6 Battery

LG Expresses Strong Confidence in Safety of G6 Battery

SEOUL, Mar. 27 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. unveiled its test lab to the public for the first time to reassure customers of the safety of its flagship smartphone G6 and its battery, industry watchers said Sunday. The company last week took the press on a tour of its smartphone [...]

THAAD Spat Thwarts Duty-frees’ Plans to Expand

THAAD Spat Thwarts Duty-frees’ Plans to Expand

SEOUL, Mar. 12 (Korea Bizwire) — South Korean duty-free operators are holding back from expanding their businesses on grim prospects that the intensifying trade spat between South Korea and China over the U.S. anti-missile system will further weigh down sales, industry sources said Sunday. HDC Shilla Co., a latecomer in the local duty-free industry, may [...]

Parliament Passes Law Requiring License for ‘Pet Dog Factories’

Parliament Passes Law Requiring License for ‘Pet Dog Factories’

SEOUL, March 3 (Korea Biziwre) – The National Assembly has passed a law requiring those who run “pet dog factories” to get business licenses from provincial governments, the Ministry of Agriculture, Food and Rural Affairs said Friday.  The assembly passed the legislation Thursday to enhance hygiene and prevent ill treatment of dogs at the factories, [...]