KoreaTimes - Business

The Korea Times

The Korea Times

The Korea Times

Business

Mon, September 25, 2023 | 16:50

LG promotes 2030 Busan Expo in Paris

LG promotes 2030 Busan Expo in Paris

A digital sign, set up by LG Group at Paris Charles de Gaulle Airport, promotes Busan's bid to host World Expo 2030. LG has been engaging in promotional activities in global cities such as New York, London and Paris. Courtesy of LG Group

Lee Min-hyung | 2023-09-11 16:53

Samsung, Doosan, Hanwha intensify robotics rivalry

Samsung, Doosan, Hanwha intensify robotics rivalry

Korea's major conglomerates are moving to tap deeper into the robotics industry as demand for collaborative robots is soaring amid rising labor costs, according to industry officials, Monday.

Lee Min-hyung | 2023-09-11 16:53

Hanwha cuts domestic solar module production, expands in US

Hanwha cuts domestic solar module production, expands in US

Diminishing demand for solar power generation in Korea has prompted Hanwha to downsize domestic production of solar modules and accelerate its expansion in the profitable U.S. market, according to industry officials, Monday.

Park Jae-hyuk | 2023-09-11 16:29

Korean battery makers threatened by rapid growth of Chinese rivals

Korean battery makers threatened by rapid growth of Chinese rivals

Concerns are growing that Korean battery makers could lose their dominance over Chinese competitors in the global market excluding China, as more electric vehicle (EV) manufacturers prefer to use inexpensive lithium iron phosphate (LFP) batteries instead of ternary batteries, according to industry officials, Monday.

Park Jae-hyuk | 2023-09-11 16:20

AI startup Upstage expands into e-commerce with ConnectWave

AI startup Upstage expands into e-commerce with ConnectWave

Upstage, a local AI startup, partnered with ConnectWave, a domestic e-commerce data platform company, to build s generative AI service for the e-commerce businesses, the AI company that is internationally recognized for its large language model (LLM) technology said Monday..

Baek Byung-yeul | 2023-09-11 16:19

Pulmuone runs local food industry's first hydrogen truck

Pulmuone runs local food industry's first hydrogen truck

Pulmuone has deployed the local industry's first hydrogen truck to reduce the company's emissions and contribute to the country's carbon neutralization goal, the food company said Monday.

Ko Dong-hwan | 2023-09-11 15:46

KT teams up with Singapore Post for digital logistics

KT teams up with Singapore Post for digital logistics

KT forged a partnership with Singapore Post, a public postal logistics company in Singapore, to promote AI-based logistics and jointly develop new businesses in the digital logistics sector, the company said Monday.

Baek Byung-yeul | 2023-09-11 14:58

Korea to set global standards for human brain-computer interface data

Korea to set global standards for human brain-computer interface data

The government is set to lead global standardization of interface data between the human brain and computers, hoping that the new standards for the innovative technology will give the country an upper hand in the highly anticipated industry, according to officials, Monday.

Ko Dong-hwan | 2023-09-11 14:43

Hyundai E&C inks partnership deal with energy IT startup

Hyundai E&C inks partnership deal with energy IT startup

Hyundai Engineering & Construction (Hyundai E&C) said Monday it has signed a partnership deal with a local energy IT startup via an equity investment in an effort to break into the power brokerage business.

2023-09-11 14:10

Hyundai Motor's vehicle sales in Russia come to standstill

Hyundai Motor's vehicle sales in Russia come to standstill

Hyundai Motor saw its sales plunge to an all-time low in Russia last month, according to the Association of European Business (AEB), Sunday. The association said Hyundai Motor sold only six vehicles in August, which accounts for 0.01 percent of the Russian market share, down 99.9 percent from 2,982 cars a year earlier.

Ko Dong-hwan | 2023-09-11 08:28

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