LG Group has decided to embark on joint AI research and development with The Jackson Laboratory, a world-renowned genome research institution based in the United States, to unlock the secrets of Alzheimer’s disease and cancer.LG AI Research and The Jackson Laboratory have signed a recent contract fo
Four Seasons Hotel Seoul ushers in a new era of excellence with the appointment of Michael Schmid as General Manager.A pioneering multi-lingual hospitality veteran and strategic visionary, Michael is a felicitous new addition to the dynamic creativity and high-care curation of Four Seasons hospitali
By the end of 2023, more than 300 5G commercial networks had been launched worldwide, serving more than 1.6 billion users. 5G development is now well underway, with the growth rate of global 5G users reaching seven times higher than that of 4G users in the same period. Operators using Huawei solutio
Bentley Motors announced on Jan. 29 that it delivered a total of 13,560 units in the global market last year, the third highest performance in its history.In South Korea alone, the automaker sold a total of 810 vehicles in 2023. For the second year in a row, South Korea ranked fifth in Bentley sales
As the automotive industry shifts its focus from hardware to software, South Korean companies are accelerating their drive towards Software-defined Vehicles (SDVs). SDVs are cars controlled and managed by software. Domestic car and parts manufacturers are actively developing solutions and preparing
The government is opening up industrial research and development (R&D) to foreign institutions to discover and develop key technologies in areas vulnerable to becoming weak links in South Korea’s flagship industry value chains, such as “technology critical for leapfrogging,” “next-generation growth-
Samsung Electronics’ subsidiary Harman is set to acquire the American company “Roon,” known among music enthusiasts as “the world’s best music streaming platform.” The industry expects significant synergy from the collaboration between Harman, known for its hardware prowess in sound equipment, and R
Coway Co., Ltd., the “Best Life Solution Company,” announced today that it has been named a CES® 2024 Innovation Awards Honoree by the Consumer Technology Association (CTA) for its groundbreaking BEREX Reclining Massage Bed.The CES Innovation Awards, an annual competition sponsored by the Consumer T
SK telecom is joining forces with global urban air mobility (UAM) aircraft manufacturer Joby Aviation to commercialize UAM in South Korea.On Sept. 20, at the SK T-Tower, SK telecom revealed that it has signed a cooperation agreement with Joby for the Korean Urban Air Mobility Pilot Project (K-UAM Gr
Therawave, a premium home care device brand, which enables the popular dermatological procedure, (Local Dynamic Microwave) lifting conveniently at home, is launching on September 18, 2023, and has appointed Kim Sa-rang as the brand ambassador.Therawave applies the technology of professional medical
LG Electronics, which has declared itself to be a smart life solutions company as its future vision, has unveiled a strategy to realize its vision in its electronics business following its home appliance business. Centering on a future mobility customer experience theme developed based on customer r
Naver has unveiled HyperClova X, a new generative artificial intelligence (AI) platform. Naver will build an AI ecosystem and establish a model for mutual growth with Korean startups through the AI platform.At the DAN23 Conference held at the Grand InterContinental Seoul Parnas on Aug. 24, Choi Soo-
Pernod Ricard Korea announced that it will open its world’s No. 1 Irish whisky Jameson ‘Distillery on Tour,’ a pop-up space recreating the essence of the Jameson Distillery in Dublin. The pop-up will run until August 23 in the atrium on the first floor of Seoul’s landmark Lotte World Mall.Distillery
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
Coway Co., Ltd., the “Best Life Solution Company,” has once again received recognition as one of South Korea’s “Best Korea Brands 2023” by Interbrand, a global brand consultancy. This achievement marks the company's 9th consecutive year of being included among South Korea's top brands.Every
Samsung Electronics is expected to hold its new smartphone model unpacking event in Korea. The company is speeding up the diversification of its Asian strategy amid a U.S.-China trade conflict and sluggish demand for information technology (IT) products in China, which has led to a companywide decli
bereum, a company specializing in heat-killed lactic acid bacteria postbiotics, and Dx&Vx, a bio-health care company, signed an MOU on April 5th. Through this agreement, the two companies plan to target the microbiome market by conducting joint research, such as analyzing not only lactic acid bacter
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Building on the solid earnings ballast provided by its wireless business, SKT has entered several new business arenas, including subscription services, metaverse, IDC, AI, and UAM ventures. Rathe
As we approach another new year with COVID-19 in tow, the pandemic still weighs on businesses and organizations of all sizes. The last three years have been a reminder of the need for agility and resilience in business leadership along with a willingness to engage on a global scale. These attributes
Prestige whisky brand Royal Salute presents a new concept of whisky comparable to its reputation. The ‘Royal Salute Cask Programme’ will be unveiled to the global market as well as the Korean market for whisky lovers and investors who recognize the heritage of Scotch whisky and the aesthetics of tim