Five Jack (www.fivejack.com), which operates game e-commerce service Itemku (itemku.com) for Indonesian gamers, recently attracted 1.5 billion won in additional investment.Five Jack announced on April 10 that it sealed deals to attract additional investment of 1.5 billion won from Korean and foreign
Hanwha Techwin began to develop an artificial intelligence (AI) CCTV by partnering with AI technology leader NVIDIA.NVIDIA is a global company that develops and manufactures GPUs (computer graphics processing units), and is currently leading the world in AI technology. Hanwha Techwin will expand bus
Much attention is now paid to whether Coupang, the largest e-commerce platform in South Korea, will be listed on the KOSDAQ as the first Korean version of Tesla. As the company raised 1.1 trillion won (US$975.61 million) of investment from Japanese telecommunication giant SoftBank in 2015, its corpo
SK Holdings C&C announced on April 5 that it has jointly opened “AI cancer medical center” and started providing the medical treatment through Watson with Kunyang University Hospital.Yoon Dae-sung, professor of the cancer center at Kunyang University Hospital, said, “One of the great advantages of t
Mirae Asset Daewoo announced that it signed a strategic partnership with KT at the Four Seasons Hotel on April 5 to jointly develop financial services using artificial intelligence (AI). The signing ceremony was attended by Choi Hyun-man, senior vice chairman of Mirae Asset Daewoo, and Lim Heon-moon
Busan City announced on April 4 that the city held an investment briefing for local businesspeople in a town hall in Auckland, New Zealand's largest commercial city on March 3 (local time).This IR session was held for the first time since Busan and Auckland signed a sisterhood relationship agreement
Hanwha Corp. recently clinched an order for a logistics automation facility project of about 90 billion won (US$81 million) from Nexen Tire in the Czech Republic and confirmed the order on April 3.The Nexen Tire Czech factory is located in Zatec, 70 km northwest of Prague, the capital city of the Cz
Samsung Electronics unveiled the Galaxy S8 at Lincoln Center in New York on March 29 (local time). At the Galaxy S8 unpacked event, Justin Denison, senior vice president of Samsung Electronics America, said, “The Galaxy S8 will come bundled with a pair of AKG-tuned earphones.”What flatters Samsung E
Samsung Electronics has launched its latest smart refrigerator version of the Chef Collection Family Hub with the artificial intelligence (AI) voice recognition technology in South Korea, opening the era of the Internet of Things (IoT) home appliances.At Samsung Electronics’ Chef Collection Experien
Kumho Tire creditors, including the Korea Development Bank, held a meeting on March 28 and voted down Kumho Asiana Group chairman Park Sam-koo’s demand for a consortium. Instead, they decided to discuss whether to allow a consortium or not again after the chairman comes up with a consortium organiza
Ssangyong Motor announced on March 27 that it has confirmed “G4 Rexton” as the name of a new large sports utility vehicle (SUV) developed under the project name “Y400.”"The model name of the G4 Rexton car shows its willingness to inherit the brand value of Rexton, the flagship model of the Ssangyong
With China escalating economic retaliation on South Korea over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) system, Chinese capitals are scrapping their investment plans in South Korea. After the Chinese government has imposed a ban on South Korean products, such as Chinese
Hyosung met the global customers in China, Hong Kong and Taiwan for two weeks from March 6 to March 17 for Creora Workshop. Hyosung, which has successfully completed the Asian workshop, will hold workshops with customers in Europe, Indonesia and the Americas beginning next month.The Creora Workshop
According to the Korea Exchange, the South Korean stock market posted a PER of 9.84 on March 17, much lower than 18.63 of the United States, 20.73 of India, 16.31 of Hong Kong, 16.10 of Australia, 16.04 of Japan, 15.09 of France and 14.94 of Britain.Since KOSPI reached an all-time high of 2,228.96 p
About 59 percent of the so-called “unicorn companies” valued at US$647 billion (732 trillion won) are IT converging companies. Only three Korean companies – Coupang, Yello Mobile and CJ Games – were listed on the "Unicorn List,” while firms from the United States and China dominated the list with 76
KT's new union recently issued a statement urging chairman Hwang Chang-kyu to resign immediately before the company makes a decision on extending his tenure on March 24. .This is because former Chong Wa Dae chief policy coordinator Anh Jong-bum, who was involved in the Choi Soon-sil Gate, asked chai
Paradise Segasammy announced that the company will open its first-phase facilities consisting of a hotel, a foreign-only casino, and a convention center in Paradise City, a multi-resort built at International Business Complex (IBC) of Incheon International Airport on April 20.Paradise City (http://w
Hyundai Elevator announced that the company was awarded the gold medal at the iF Design Award for the first time in the global elevator industry.The “ANIVATOR,” presented by Hyundai Elevator, was selected as a gold prize winner in the Professional Concept category at the iF Design Award 2017 in Muni
Samsung Electronics has completed its acquisition of Harman International Industries, a U.S. audio and automotive component supplier.The company announced on March 11 (the 10th in local time) that it has completed its takeover of Harman after receiving approval from anti-monopoly regulatory bodies a
Korean health food brand "Cheong Kwan Jang" threw its hat in the ring to make new history in the duty-free shop industry as a. As the world's first ginseng brand recognized by Euro Monitor, "Cheong Kwan Jang Red Ginseng" has earned authority and love as the best health food from consumers in the Eas