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Hyundai Mobis to Invest US$25 mln in British HUD Company

Hyundai Mobis to Invest US$25 mln in British HUD Company

SEOUL, Oct. 7 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts company, said Wednesday it will invest US$25 million in a British augmented reality company as it bets on future mobility technologies. Hyundai Mobis made the decision to “preemptively” invest in infotainment technologies, which it expects to become another growth driver together [...]

Tech Show Wraps Up 4-day Journey Highlighting AI, Mobility Solutions

Tech Show Wraps Up 4-day Journey Highlighting AI, Mobility Solutions

LAS VEGAS, Jan. 10 (Korea Bizwire) — The world’s biggest tech expo wrapped up its four-day journey here Friday after global players introduced their latest achievements, particularly in artificial intelligence (AI) and mobility solutions. The Consumer Electronics Show (CES) 2020 in Las Vegas, Nevada, featured some 4,500 exhibiting firms with more than 170,000 people visiting [...]

S. Korean Mobility Sector in Crisis as Gov’t Caters to Taxi Industry

S. Korean Mobility Sector in Crisis as Gov’t Caters to Taxi Industry

SEOUL, Jul. 18 (Korea Bizwire) — A prolonged dispute between the taxi industry and the mobility service industry is drawing to a close as the Ministry of Land, Infrastructure and Transport announced new regulations on Wednesday obligating mobility platforms to pay public donations. The ministry also decided to restrict all mobility platforms except for those [...]

Seoul City, Tada Butt Heads over Service Restrictions

Seoul City, Tada Butt Heads over Service Restrictions

SEOUL, Apr. 24 (Korea Bizwire) — A dispute has flared up between the Seoul Metropolitan Government and Tada, a South Korean luxury cab-hailing service, as the company strongly went against the city’s demand to pay deposit. Kakao Mobility (Kakao Black), Uber Korea (Uber Black), and VCNC, the company in charge of the Tada brand, are [...]

LG Electronics, Naver Sign MOU on Robot R&D

LG Electronics, Naver Sign MOU on Robot R&D

SEOUL, Jan. 30 (Korea Bizwire) — South Korean home appliance maker LG Electronics Inc. and portal operator Naver Corp. on Wednesday agreed to jointly develop an advanced guidance robot based on the high-tech mobility platform. LG Electronics and Naver’s R&D subsidiary signed a memorandum of understanding (MOU) to collaborate on research and development of robot [...]