SEOUL, May 24 (Korea Bizwire) — In line with Samsung Electronics’ new plans to nurture AI as its new motor of growth, the Korean electronics giant will open an AI Center in Moscow on May 29 (local time). In addition to its AI centers in Seoul and Silicon Valley, both having opened within the last [...]
SEOUL, March 5 (Korea Bizwire) — “K-beauty” products are gaining a foothold in new markets outside of China and Southeast Asia. While shipments to China comprises around 40 percent of all South Korean cosmetics exports, the geopolitical standoff over U.S. missile defense installations last year has spurred on companies to establish a presence in Africa, [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea and Russia have agreed to beef up cooperation in the energy sector on a wide range of areas, including natural gas, electricity and renewable energy development, the Seoul government said Wednesday. Pak Won-ju, South Korean deputy energy minister at the Ministry of Trade, Industry and Energy, held [...]
SEOUL, Jan. 19 (Korea Bizwire) — The International Olympic Committee (IOC) said Friday it carried out more than 14,000 doping tests last year ahead of the PyeongChang Winter Olympics, marking a whopping 70 percent on-year growth. The IOC said the tests were conducted between April and December on around 6,000 athletes from 61 countries taking [...]
SEOUL, Dec. 6 (Korea Bizwire) — Organizers of the 2018 PyeongChang Winter Olympics said Wednesday they “respect” the decision by the International Olympic Committee (IOC) to ban Russia from the competition over its state-sponsored doping. The IOC’s Executive Board announced in Lausanne, Switzerland, that it would suspend the Russian Olympic Committee (ROC) with “immediate effect.” [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean retail giant Lotte Group said Friday that it has purchased a hotel and farm in Russia as it seeks to tap deeper into the overseas markets. Hotel Lotte, the lodging and accommodation arm of South Korea’s fifth-largest conglomerate with sprawling businesses in food, retail and construction, bought [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea and Russia agreed Wednesday to cooperate closely in exploring Arctic sea routes, the foreign ministry here said. The two countries held their first Arctic Consultation in Seoul earlier in the day, headed by South Korean Amb. for Arctic Affairs Kim Young-jun and his Russian counterpart Amb. Vladimir [...]
VLADIVOSTOK, Sept. 7 (Korea Bizwire) — President Moon Jae-in on Thursday proposed expanding economic cooperation between South Korea and Russia in a wide range of areas, including energy, infrastructure and agriculture, noting those projects might set an example of co-prosperity for isolated North Korea. In his address to the third Eastern Economic Forum (EEF) in [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s leading automaker Hyundai Motors Co. said Tuesday it has unveiled a light truck designed for the local market at a Russian commercial car exhibition. Hyundai will promote the HD36L, a 2.5-liter diesel-powered light truck, at the 2017 Comtrans Commercial Vehicles Auto Show set to run this week [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean President Moon Jae-in is set to visit Russia next week for a bilateral summit with his Russian counterpart Vladimir Putin and other heads of state, as well as a regional forum aimed at boosting economic cooperation in Northeast Asia that includes Russia’s Far East, an official from [...]