LG Electronics is accelerating its business expansion in the B2B sectors like delivery and logistics by focusing on robotic solutions.On April 22, LG Electronics announced that it would supply its AI autonomous delivery robot, the “LG CLOi ServeBot (double-door)” to Kakao Mobility’s “BRING” robot de
In a landmark move for the security industry, Neubility, a trailblazer in autonomous mobility solutions, and the South Florida Security (SFS) Group, a premier provider of integrated security services, have announced a collaborative Proof of Concept (PoC) initiative. This pioneering project is set to
In the realm of emerging artificial intelligence startups, South Korea lags behind China and India in terms of scale, a recent survey reveals.On April 17, the Singapore-based tech news outlet Tech in Asia released a list of the Top 50 AI Startups in Asia receiving the most investment. China leads wi
On March 11, Doosan Robotics held an opening ceremony for the “Electric Vehicle (EV) Automatic Charging Solution Pilot Station” at the LG Science Park in Gangseo District, Seoul, in partnership with LG Electronics, and commenced pilot operations, the company announced on March 16.The newly developed
Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
Hyundai announced on March 31 that it has released a campaign video on its worldwide YouTube channel showcasing the process of its IONIQ 5 autonomous robotaxi obtaining a U.S. driver’s license.Titled “IONIQ 5 Robotaxi Passes the Driving Test,” the video depicts the IONIQ 5 Robotaxi undergoing a driv
Samsung Electronics and LG Electronics are both making strides in the smart factory sector.According to market research firm MarketsandMarkets on March 31, the global smart factory and automation industry market size is expected to grow from US$86 billion in 2022 to US$140.9 billion by 2027. Markets
Jo Seong-jin, CEO of LG Electronics, announced on March 26 that the company is seeking investment opportunities in adjacent industries, revealing plans for mergers and acquisitions.During the regular general shareholders’ meeting held at the LG Twin Towers in Yeouido, Seoul, CEO Jo stated, “After an
Samsung Electronics is reportedly pursuing the acquisition of Johnson Controls’ Heating, Ventilation, and Air Conditioning (HVAC) division with an investment of US$6 billion. This would mark the company’s first major merger and acquisition (M&A) since its US$8 billion acquisition of the automotive a
The Carlyle Group, a global private equity fund management firm, is stepping in as a facilitator for the overseas mergers and acquisitions (M&A) of domestically prominent defense companies with a stature that is growing worldwide.According to industry and investment banking (IB) sources on March 24,
The Ministry of SMEs and Startups announced on March 21 that it will be holding the “On-device AI Ultra-differential Challenge” launch ceremony at the Josun Palace Hotel in the Gangnam district of Seoul in collaboration with LG Electronics, Microsoft Korea, and Intel Korea. This event marks the begi
Naver is taking a significant step into the robotics market by unveiling the world’s first robot operating system based on a web platform. Its greatest strength is compatibility with web services, positioning Naver to become the “Android of Robotics” in the still-nascent robot OS market.During the ‘
POSCO Holdings, the holding company of POSCO Group, elected Chang In-hwa as its chairman in a general shareholders meeting and a Board of Directors meeting at the POSCO Center in the Gangnam district of Seoul on March 21. Chang will serve a three-year term.Tough challenges are facing Chang, who star
The growth of leading domestic companies in the medical AI field is becoming evident, as the number of clinical trial applications, approvals, and authorizations rapidly increases. Medical AI involves AI trained on various disease data, analyzing patients’ Computed Tomography (CT) scans or Magnetic
LG Electronics will invest US$60 million in AI-based autonomous service robot startup Bear Robotics based in Silicon Valley of the United States.LG Electronics announced on March 12 that it has entered into a share subscription agreement to invest US$60 million in Bear Robotics to acquire a stake in
The Korean Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) announced on March 10 that they held the Korea-UAE Future Technology Partnership Plaza in Dubai of the United Arab Emirates (UAE) for two days from March 6 to 8.The event was held to sho
LG Group Chairman Koo Kwang-mo was ranked 10th on the list of influential people in the global automotive industry by a leading U.S. automotive publication this year. Motor Trend, a leading U.S. automotive publication, announced its Global Automotive Industry Power List on March 5 (local time).Koo t
Naver Team announced on March 5 that it signed a partnership with Aramco Digital, a subsidiary of Saudi Aramco, to foster digital innovation in the Middle East and North Africa (MENA) region, including Saudi Arabia.Through this agreement, both parties aim to establish a sovereign cloud and super app
The Korean government will launch the Top 10 Promising Markets Trade Mission, which will lead strategic market exploration to help the country achieve US$700 billion, the largest ever, in exports this year,.The Ministry of Trade, Industry and Energy (MOTIE) announced on Mar. 5 that it will send the
Hanwha Foodtech, which is led by Hanwha Hotel & Resort Vice President Kim Dong-seon, the third son of Hanwha Group Chairman Kim Seung-youn, has acquired U.S.-based robot pizza brand “Stellar Pizza.”In January, Hanwha Foodtech signed a memorandum of understanding (MOU) with Serve Automation, the pare