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SK Holdings, SoCar Launch Car-sharing Business in Malaysia

SK Holdings, SoCar Launch Car-sharing Business in Malaysia

SEOUL, Jan. 26 (Korea Bizwire) — SK Holdings, the holding firm of South Korean energy and telecom conglomerate SK Group, said Thursday it has launched a car-sharing business in Malaysia by joining hands with South Korea’s No. 1 car-sharing startup SoCar. SoCar Malaysia — a joint venture between SK Holdings and SoCar — kicked off [...]

SK Says Its AI Platform Drastically Cut Time Spent Evaluating Cover Letters

SK Says Its AI Platform Drastically Cut Time Spent Evaluating Cover Letters

SEOUL, Jan. 26 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecom conglomerate SK Group, said Thursday its artificial intelligence platform has successfully found the right cover letter in a flash, a technology that could ease the burden of human resources officials. Last year, Aibril Employment Helper evaluated 10,000 [...]

Government Offers Mobile Carriers Discounts for 5G Frequency Band to Encourage Price Cuts

Government Offers Mobile Carriers Discounts for 5G Frequency Band to Encourage Price Cuts

SEOUL, Jan. 23 (Korea Bizwire) — The government will offer telecom providers discounted prices for the use of 5G frequency bands in a move to encourage data plan price cuts. The Ministry of Science and Technology announced plans on Sunday to push through with reforms to the radio waves act, laying the legal groundwork for incentives [...]

“Value”, “Customer”, “Innovation” Keywords of Choice Among Conglomerate Heads

“Value”, “Customer”, “Innovation” Keywords of Choice Among Conglomerate Heads

SEOUL, Jan. 3 (Korea Bizwire) – Aside from “business”, “value”, “customer” and “innovation” were the keywords most commonly uttered by the leaders of South Korea’s top 10 conglomerates in their New Year’s addresses. Data provided by leadership assessment service CEOscore revealed that after “business”, which was uttered a leading 32 times, value, customer and innovation [...]

FTC to Investigate Private Foundations Owned by Major Companies

FTC to Investigate Private Foundations Owned by Major Companies

SEOUL, Nov. 2 (Korea Bizwire) – The head of the Fair Trade Commission, Kim Sang-jo, announced plans to investigate the management of private foundations owned by major companies, as part of efforts to reform conglomerates and improve transparency, during a policy meeting today. The FTC made the announcement at today’s policy gathering in Seoul with [...]

Samsung and LG to Raise Subsidies with iPhone 8 Launch Imminent

Samsung and LG to Raise Subsidies with iPhone 8 Launch Imminent

SEOUL, Oct. 22 (Korea Bizwire) – With the South Korean launch of the iPhone 8 looming, much attention is being paid to how Apple’s latest phone will affect the domestic mobile communication market in Korea. Some anticipate that cutthroat competition will come about surrounding the abolishment of upper limits on subsidies and the newly instituted 25 [...]

SK Eyes Taxi-Hailing App Market

SK Eyes Taxi-Hailing App Market

SEOUL, Jul. 3 (Korea Bizwire) — South Korean telecommunications giant SK Telecom is considering the idea of launching an artificial intelligence-based taxi-hailing app, which the company sees as a chance to take advantage of its big data database. Though off to a late start, the IT company seems confident its service will prove popular, as [...]

Head of SK Says Toshiba Deal is ‘Not Finished’

Head of SK Says Toshiba Deal is ‘Not Finished’

SEOUL, June 23 (Korea Bizwire) – SK Group Chairman Chey Tae-won said Friday its semiconductor arm’s move to join the acquisition of Toshiba Corp.’s chip business is “not finished,” hinting there are still challenges moving forward. The remark came as a global consortium including South Korea’s SK hyinx Inc. was tapped as the preferred bidder [...]