SEOUL, Dec. 15 (Korea Bizwire) – Amazon has initiated its inaugural foray into renewable energy investments in South Korea. The company revealed on Thursday that it has committed funding to a venture aimed at constructing a 60-megawatt (MW) solar power facility in the southwestern region of South Korea. The specific investment amount and plant location were [...]
SEOUL, April 11 (Korea Bizwire) — CJ Wellcare Corp. said Tuesday it will begin selling its products on Amazon this week in a bid to expand its health supplement business in the United States. The health functional food making affiliate of CJ Group said its 10 products will be made available on the U.S. e-commerce [...]
SAN FERNANDO, Calif., July 14 (Korea Bizwire) — Mr. Tortilla is now one of the fastest-growing companies in Southern California. After developing an e-commerce business from scratch, Mr. Tortilla grew 3,000% in 2021 to become Amazon’s top-selling tortilla brand. Under normal brick-and-mortar retail conditions, this spectacular business growth wouldn’t be possible, but Mr. Tortilla proves that the [...]
SEOUL, March 4 (Korea Bizwire) — The number of users of e-commerce platform 11Street is declining at a rapid pace, with some saying that the positive impact of the partnership it formed with U.S. retail giant Amazon.com last year has yet to materialize. According to the data from market researcher Nielsen Koreanclick, the number of [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korean telecom giant KT Corp. said Thursday it rolled out a new service that allows customers to enjoy Amazon’s voice assistant on its artificial intelligence speakers to better meet demand for English education. KT said it has joined hands with U.S. retail giant Amazon.com Inc. to launch the [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korean biopharmaceutical company Celltrion Inc. said Thursday that its self-diagnostic kit for COVID-19 is available for purchase on global retailer Amazon. Celltrion DiaTrust COVID-19 Ag Home Test, co-developed by local health care business Humasis, received the U.S. Food and Drug Administration’s Emergency Use Authorization approval last year. The [...]
SEOUL, June 7 (Korea Bizwire) — SK Telecom Co., a major mobile carrier, denied a news report Monday that it is planning to sell a stake in its e-commerce unit 11Street to U.S. retail giant Amazon.com Inc. in a bid to bolster its online retail business. Local media had earlier reported that Amazon will exercise [...]
SEOUL, April 21 (Korea Bizwire) — The chief of SK Telecom Co. said Wednesday the wireless carrier will likely work with Amazon.com Inc. in video streaming services as the country’s leading mobile carrier seeks to grow efforts to boost its non-mobile businesses. SK Telecom currently holds a major stake in local video streaming service operator [...]
SEOUL, March 17 (Korea Bizwire) — Hyosung Advanced Materials Corp. a carbon fiber business unit of South Korean textile and chemical conglomerate Hyosung Group, said Tuesday that it will supply airbags for Robotaxi, a completely autonomous vehicle developed by Amazon. Hyosung Advanced Materials’ subsidiary and a airbag manufacturer Global Safety Textiles GmbH signed a contract [...]
SEOUL, Nov. 17 (Korea Bizwire) — A recent business deal between the U.S. e-commerce giant Amazon.com, Inc. and a local e-commerce platform 11Street Co. is likely to make waves in the domestic online shopping industry. SK Telecom Co., South Korea’s largest mobile carrier and the parent company of 11st, officially announced its plan to join hands [...]