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Kia Motors Unveils 4 Modified Cars at U.S. Auto Show

Kia Motors Unveils 4 Modified Cars at U.S. Auto Show

SEOUL, Nov. 4 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker, said Friday it unveiled four modified cars at an annual U.S. auto show, including a self-driving Sorento equipped with tracks. The annual trade fair, hosted by the Specialty Equipment Market Association this week in Las Vegas, showcased aftermarket modified cars from automakers [...]

Mega IPOs May Help Shore up Sagging Stock Market

Mega IPOs May Help Shore up Sagging Stock Market

SEOUL, Nov. 3 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of Samsung Group, and Doosan Bobcat Co., an affiliate of power equipment conglomerate Doosan Group, are set to make their market debuts this month, which some analysts say may help the local stock market recover from a recent market turmoil. Last week, Samsung BioLogics, [...]

KT, LG Uplus Join Hands to Commercialize Internet of Things

KT, LG Uplus Join Hands to Commercialize Internet of Things

SEOUL, Nov. 3 (Korea Bizwire) — KT Corp. and LG Uplus Corp., South Korea’s second- and third-largest mobile carriers, unveiled a deal Thursday to work together on commercializing the Internet of Things (IoT) technology. The IoT technology, which allows everyday appliances to link to the Internet, is seen as one of the major technological developments [...]

Foreigner Investors Keep Buying Korean Stocks, but Analysts Say the Streak May Be Temporary

Foreigner Investors Keep Buying Korean Stocks, but Analysts Say the Streak May Be Temporary

SEOUL, July 21 (Korea Bizwire) – Offshore investors have been on a buying streak for South Korean stocks, sending their market cap ratio in the main local bourse to a 14-month high, the Korea Exchange said Thursday, but analysts were divided on whether the rally will continue.  Shares held by foreign investors as of Tuesday [...]

Samsung Electronics’ M&As Focus on Cloud, B2B Services

Samsung Electronics’ M&As Focus on Cloud, B2B Services

SEOUL, Jul. 19 (Korea Bizwire) — Samsung Electronics’ mergers and acquisitions over the past 10 years indicate the tech mogul is betting its business on cloud and business-to-business services, corporate watchers said Tuesday. Samsung pushed through 22 M&As since 2007, including Canada’s digital ad startup AdGear in May and U.S. cloud computing firm Joyent in [...]

Hyundai Stepping Up Its Electric Car Business

Hyundai Stepping Up Its Electric Car Business

SEOUL, Jul. 18 (Korea Bizwire) — Hyundai Motor Co., South Korea’s dominant automobile maker, will step up efforts to expand infrastructure for electric vehicle (EVs) use by local drivers, as it aims to sell at least 4,800 Ioniq Electric units in the country this year alone, company officials said. “We plan to launch a mobile [...]

LG Chem to Supply Batteries for NASA’s Spacesuits

LG Chem to Supply Batteries for NASA’s Spacesuits

SEOUL, Jul. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals maker, will start supplying lithium-ion batteries for NASA’s spacesuits in the second half of the year, the company said Monday. The contract with NASA marked the first such deal for a Korean company, LG Chem said. LG Chem said its new battery’s [...]

K-food Boom Catches on Outside of Usual Customer Groups

K-food Boom Catches on Outside of Usual Customer Groups

SEOUL, Jul. 18 (Korea Bizwire) — From instant noodles to bread and beef broth soup, Korean food is gaining interest overseas from consumers outside of the usual group of Korean residents and a handful of Korea followers, a leading trade body said Monday. South Korea’s instant noodles, ramyeon, ranks second after Taiwan in the Chinese [...]

High-yield Bonds Draw Investor Interest amid Low Rates

High-yield Bonds Draw Investor Interest amid Low Rates

SEOUL, June 10 (Korea Bizwire) – South Korean investors are piling into high-yield corporate bonds with relatively high risk in search of bigger returns as the country’s interest rates are at rock bottom, sources said Friday.   Trading of these so-called mezzanine bonds have recently been active as investors are drawn to debt that offers a higher [...]