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EU Vetoes S. Korean Shipbuilding Merger Between Hyundai and Daewoo

EU Vetoes S. Korean Shipbuilding Merger Between Hyundai and Daewoo

SEOUL, Jan. 13 (Korea Bizwire) — The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues. The European Commission announced its decision to block the merger of the South Korean shipbuilders, arguing the tie-up could create a monopoly [...]

S. Korean Lab, EU Develop Intercontinental 5G-satellite Network System

S. Korean Lab, EU Develop Intercontinental 5G-satellite Network System

SEOUL, Jan. 6 (Korea Bizwire) — A South Korean research lab said Thursday that it has successfully developed the world’s first intercontinental 5G-satellite network system to help communicate in case of a disaster. The 5G-satellite multiple network system — co-developed with the European Union — connects 5G networks to satellite networks to allow communication services [...]

Nationality Requirements on Flights Between S. Korea, EU to be Lifted in Nov.

Nationality Requirements on Flights Between S. Korea, EU to be Lifted in Nov.

SEOUL, Oct. 29 (Korea Bizwire) — Airlines of South Korea and European Union member states will be allowed to operate without restrictions on their nationality requirements starting next month under a new aviation accord, Seoul’s foreign ministry said Friday. South Korea and 22 EU member states signed a horizontal aviation agreement in June 2020, which [...]

EU’s Probe Suspension Leaves S. Korean Shipbuilders’ Biz Combination in Limbo

EU’s Probe Suspension Leaves S. Korean Shipbuilders’ Biz Combination in Limbo

SEOUL, Oct. 8 (Korea Bizwire) — The proposed acquisition involving South Korea’s leading shipbuilders has been deadlocked for more than a year, as the European Union antitrust regulator shows no signs of resuming its probe into the deal. In 2019, Hyundai Heavy Industries Holdings Co., the holding company of the global shipbuilding conglomerate Hyundai Heavy [...]

S. Korea’s Exports of Medical Products to EU Jump amid Pandemic

S. Korea’s Exports of Medical Products to EU Jump amid Pandemic

SEOUL, March 19 (Korea Bizwire) — South Korea’s outbound shipments of medical products to the European Union (EU) more than doubled on-year in 2020, data showed Friday, with Seoul seeking to further expand exchanges with the EU to cope with the coronavirus pandemic. Exports of pharmaceutical products and medical instruments came to US$4.67 billion in [...]

EU Approves Lifting of Entry Ban on S. Korea, 13 Other Countries

EU Approves Lifting of Entry Ban on S. Korea, 13 Other Countries

BRUSSELS/SEOUL, July 1 (Korea Bizwire) — The European Union (EU) has approved a guideline recommending its member states reopen their borders to 14 countries, including South Korea, after restricting all non-essential entries from outside the bloc over coronavirus fears. The European Council representing 27 member states adopted the non-binding recommendation on Tuesday (Belgium time), taking [...]

Philips Presents Results from 3-year Telehealth Program Impacting over 100,000 Patients Across Europe

Philips Presents Results from 3-year Telehealth Program Impacting over 100,000 Patients Across Europe

Amsterdam, The Netherlands and San Sebastian, Spain, Apr. 2 (Korea Bizwire) - Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology today announced the results of the Advancing Care Coordination & Telehealth Deployment at Scale (ACT@Scale) Program during the 19th annual International Conference on Integrated Care in San Sebastian, Spain. ACT@Scale is the [...]