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Wed, October 20, 2021 | 19:38
Renault Samsung offers EV test drives
Renault Samsung is offering test drives of its electric vehicles (EVs) for members of the public, as a means to promote interest in EVs. The carmaker has partnered with local authorities and the Korea Electric Vehicle Association (KEVA) to enable tests drives of its EV model Zoe across the country.
Samsung SDS to accelerate drive for cloud biz
Samsung SDS is preparing for business opportunities in cloud services for the public sector, the IT solutions affiliate said Thursday, as it seeks to focus on cloud computing as one of its next sources of revenue.
[INTERVIEW] Innovative local high-tech suppliers will enable Korea to truly lead chip market
YONGIN, Gyeonggi Province - Jusung Engineering Chairman Hwang Chul-joo is considered a legendary figure, one of the small number of entrepreneurs who founded Korea's first-generation venture companies.
Brokerages to increase stock lending for individual short sellers
The amount of stocks that individual short sellers are able to borrow is set to be expanded as part of a government measure to back retail investors, as the resumption of short-selling draws near.
Hyundai names ex-Naver CTO as mobility biz head
Hyundai Motor Group appointed former Naver Chief Technology Officer Song Chang-hyun as the head of its new mobility division, Friday. The appointment came with the group's setup of a division for its Transportation as a Service (TaaS) business. The new division was created to integrate the group's mobility services and introduce new customer data-based service models, the com...
Will LG supply OLED panels for Samsung TVs?
Attention has gathered over a media report that the global No. 1 TV maker Samsung is in talks to buy Organic Light-Emitting Diode (OLED) panels from its rival LG's display unit, as TV manufacturers are seeing their profitability deteriorate due to the rise in liquid crystal display (LCD) prices.
Global tech firms post hefty gains in Korea in 2020
Global tech companies saw their earnings in Korea surge last year, according to regulatory filings made earlier this week. The earnings of local subsidiaries of tech giants such as Google, Facebook, Netflix and Tesla were unveiled for the first time after revised regulations went into effect last November.
Korean battery makers scrambling to increase production in US
Local battery makers are in a rush to expand production facilities in the U.S. to capture opportunities amid the fast-growing market for electric vehicles (EVs) there. According to Reuters, Thursday, LG Energy Solution (LGES) will officially announce a decision to build a second battery plant in the U.S., Friday, in a cooperative venture with GM. The two companies earlier set...
SKT to split into two separate businesses
SK Telecom (SKT) said Wednesday that it will split up into two parts through an equity spinoff, with one responsible for the traditional telecommunications business and the other to take control of semiconductor and e-commerce operations.
KT accelerating drive to expand global media biz
KT is speeding up its drive to expand its global media business, as the telecom firm seeks to reinvent itself as a digital platform company by shifting its focus to media content. Early this week, KT took over a 100 percent stake in Alticast's media business Altimedia for 11.26 billion won ($10.08 million). Altimedia is a tech firm that sells security-oriented products to be ...
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