SEOUL, Nov. 28 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Thursday it has set up two joint ventures (JVs) in China to advance into the local secondhand car and shipping markets. Hyundai Glovis and Beijing Changjiu Logistics Co. have formed two separate joint ventures — Beijing Changjiu Glovis [...]
SEOUL, Sept. 26 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday that its joint venture (JV) with Swiss hydrogen company H2 Energy AG has been officially launched as it looks to expand its presence in Europe’s environment-friendly commercial car market. A ribbon-cutting ceremony for Hyundai Hydrogen Mobility (HMM) was held in [...]
SEOUL, Sept. 25 (Korea Bizwire) — SK Engineering & Construction Co., a South Korean construction company, said Wednesday it will set up a joint venture with U.S.-based Bloom Energy for the production of solid oxide fuel cell (SOFC). The 49:51 joint company, to be set up in November, will provide Korean-made fuel cells to local [...]
SEOUL, Jul. 15 (Korea Bizwire) — Lotte Chemical Corp., a major chemical unit under Lotte Group, said Monday it will establish a petrochemical joint venture with GS Energy Co., an energy-specialized holding company of GS Group. Lotte Chemical and GS Energy signed an agreement to form a joint venture, tentatively named Lotte-GS Chemical Company, this [...]
SEOUL, Jun. 25 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile phone operator, said Tuesday that it has joined hands with Deutsche Telekom AG to set up a joint venture that will focus on developing core 5G technologies. The telecom leaders of South Korea and Germany signed a memorandum of understanding early this [...]
BARCELONA, Feb. 25 (Korea Bizwire) — SK Telecom Co. and Comcast Spectacor on Monday agreed to establish an esports joint venture tasked with global team operation, content development and marketing to cash in on the fast growing entertainment segment. South Korea’s leading mobile carrier and U.S. media and entertainment giant Comcast’s professional sports unit signed [...]
SEOUL, Jan. 31 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will invest 53 billion won (US$48 million) in a local car manufacturing joint venture in cooperation with a municipal government. The carmaker will acquire a 19 percent stake in the joint company, with Gwangju Metropolitan City holding a 21 percent stake worth 59 [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Wednesday it will partner with Grab, Southeast Asia’s largest ride-hailing app, to provide real-time navigation services based on big data. SK Telecom and Grab signed an agreement to establish a joint venture, Grab Geo Holdings, in charge of developing advanced [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Thursday it will set up a joint venture with a Vietnamese company to boost sales in the emerging market. Hyundai Motor and Thanh Cong Group signed an initial agreement to establish a sales JV that will be tasked with selling 100,000 vehicles [...]
SEOUL, Jul. 19 (Korea Bizwire) — South Korea’s seven leading entertainment companies said Thursday they will launch a joint venture to oversee the global distribution and management of their music videos. The seven entertainment firms — SM, YG, JYP, Big Hit, Mystic, FNC and Star Empire — signed an agreement to launch what is tentatively [...]