South Korea
Socar Collaborates with KITA to Conduct Solutions Testbed Project
South Korea's largest ride-hailing service provider SoCar, amid issues surrounding its legality, received support from the Korea International Trade Association...
S. Korean Companies Employ Remote Work System to Stem Virus
South Korean companies have adopted telecommuting and flexible work hours as preemptive measures to secure employee health and safety because...
Baemin Riders Receive Financial Assistance from Baedal Minjok
Baedal Minjok (Baemin), announced on Wednesday that it would offer financial support for its riders if they have to self-quarantine...
Korean Diagnostics Companies Release Detection Kits for Emergency Use
Update (April 2, 2020): South Korea's foreign ministry on March 28 said that the U.S. Food and Drug Administration (FDA)...
LG Electronics Closes Incheon Research and Development Center
LG Electronics said on Monday that the company experiences the effects of the potentially deadly coronavirus at its research and...
Samsung Temporarily Closes Gumi Phone Factory Over COVID-19 Issue
Samsung Electronics Co. stated on Sunday that the company temporarily shut down its smartphone plant located in the southeastern city...
Coronavirus Outbreak Shakes South Korea’s Tech Industry
Update (March 2,2020): The Korea Centers for Disease Control (KCDC) said that as of February 27 afternoon, a spike in...
Hyundai and Kia Develop First Ever ICT Connected Shift System
Hyundai Motor Group announced on Thursday the development of the first-ever self-controlling gearshift that can identify and gauge traffic conditions,...
Seoul Court: Tada Did Not Violate Transportation Law
The Seoul Central District Court ruled on Wednesday in favor of Socar and its subsidiary Value Creators & Company (VCNC),...
Bong Joon Ho Wins Four Oscars for Thriller “Parasite”
Bong Joon Ho created history as the first Korean director to receive four Oscars awards simultaneously with his thriller hit...
Naver Q4 Profit Rise, Line Excluded from Merger Reports
Naver, South Korea’s largest internet portal and creator of the messaging app Line, reported an all-time high sales and revenue...
Samsung, SKT, Kakao Teams Up to Take on Global Tech Giants
South Korea’s top technology companies announced Friday that they would create a “dream team” revolving around artificial intelligence (AI) technology....
Coway Changes Name After Netmarble’s Aquisition
Household rental service company Woongjin Coway changed its name to Coway after it was acquired by Netmarble, South Korea’s largest...
S. Korea’s SoCar Secures 51 Bn Won Amid Legal Setbacks
SoCar announced on Wednesday that the company secured a total of 51 billion won ($43.1 million) since December from several...
MiCo BioMed Creates Kit to Confirm NCoV in an Hour
MiCo BioMed Co., Ltd. claimed on Wednesday that it recently developed a highly sensitive rapid molecular diagnostic system to confirm...
Hyundai, Kia to Suspend Production Factories amid Parts Shortage from China
Hyundai Motor Co. and its sister company Kia Motors Corp. announced on Tuesday that they would suspend parts of their...
Samsung Ran over 12 Million Cycles for New AI-powered Laundry Machine
Samsung Electronics debuted on Wednesday its new artificial intelligence (AI)-powered washers and dryers hoping to take the market lead over...
Korea to Partner with IT Giants to Run Startup Accelerator Program
The Ministry of SMEs and Startups (MSS) said on Tuesday that the Korean government plans to launch a state-run startup...
SK Telecom’s Merger with T-Broad May Create Fiercer Competition
The Korean government last week gave the go signal for the merger of SK Telecom, the nation's top mobile carrier,...
LA-Based AmazeVR Opens VR Entertainment Hub in Incheon
AmazeVR made an announced last week that the company raised an additional $2.5 million (2.95 billion won), expanding it’s funding...
