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South Korean steel giant Posco Group said Thursday the company will put in joint efforts with Hanwha Corporation Engineering & Construction and Korea Airports Corporation to build landing and take-off sites for urban air mobility (UAM) vehicles in Seoul, in a bid to further accelerate the commercia...
South Korean internet giant Naver on Thursday unveiled HyperClova X, an upgraded version of its hyperscale artificial intelligence model, which boasts greater Korean language skills than its US rivals, OpenAI's ChatGPT and Google's Bard. In response to the global generative AI craze brought about ...
Posco International announced Thursday that it has exported a swine pneumonia vaccine Vietnam's to National Veterinary Joint Stock Company or NAVETCO, marking Posco's first overseas animal vaccine export. Developed by Innovac, a venture company run by a group of researchers at Kangwon National Uni...
Doosan Robotics, in partnership with Microsoft and Doosan Digital Innovation, is set to develop a context-aware control system for collaborative robots, or “cobots,” based on generative pre-trained transformer technology. The partnership was formalized Thursday through a memorandum of understand...
South Korea’s financial authorities downplayed the possibility that the uncertainties stemming from the Chinese real estate crisis will have a serious and direct impact on domestic financial markets. “There is no need to feel excessively anxious, as the stable fundamentals of the Korean economy ...
South Korean food giant CJ CheilJedang said Wednesday it launched a new global marketing campaign for its Bibigo brand, dubbed “Live Delicious.” The campaign clip, featuring a TikTok-friendly dance and music, was distributed in Korea, the US, Europe, Japan, China, and Thailand via YouTube. “If...
High-end Korean hotels have continued to raise prices this year of mango bingsu, a Korean shaved ice dessert popular in the summer, despite mango prices having stabilized. This year, Four Seasons Hotel Seoul sold its mango bingsu at 126,000 won ($94), 31.3 percent higher than last year. Shilla Seo...
South Korean food and beverage manufacturer Dongsuh Foods is leading the domestic snack food market with globally recognized Oreo cookies and Ritz crackers through creative marketing strategies. Launched in 1912, the American sandwich cookie Oreo was introduced to South Korea in 2003. Dongsuh at f...
By Lee Yoon-seo ( yoonseo.3348@heraldcorp.com )
LG Electronics said Wednesday that its latest portable TV, called LG StandbyMe Go, will be officially launched in North America and across Europe later this month. The TV, housed in a suitcase with a built-in battery and speakers, allows users to bring a quality entertainment experience wherever t...
Chey Jae-won, senior vice chairman of SK Group and co-chief of its battery-making arm SK On, met with Germany luxury carmaker Mercedes-Benz CEO Ola Kallenius to discuss ways to strengthen business cooperation in the electric vehicle sector, the energy-to-chip conglomerate said Wednesday. Chey and ...
The Polish deal is expected to pave the way for Kia’s special vehicle unit, which has been producing military vehicles since it was designated as a defense contractor by the Korean government in 1973, to enter the European market. Kia has so far exported the KTLV to Chile, Mali, Nigeria, the Phil...
South Korean battery materials company EcoPro said Wednesday it is poised to set up a joint venture for a battery cathode materials manufacturing plant with SK On and Ford Motor Company in Quebec, Canada. Of the 1.2 trillion won ($897.3 million) investment, the joint venture, called EcoPro Cam Can...
Foreigners seeking to make real estate investments in South Korea are now obligated to hire a local entrusted manager if they don’t have a permanent residential address here, officials said Tuesday. Foreign investors who have resided in Korea for more than 90 days -- considered long-term resident...
South Korean air mobility start-up Toff Mobility said Tuesday that it plans to launch Asia’s first airline dedicated to battery-powered electric planes, in a move to reduce carbon emissions in the industry. Under the plan, Toff Mobility will introduce electric planes certified by the European Uni...
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