Kakao search engine business loses steam; seeks last-ditch efforts for new AI-powered services

Hyundai Elevator announced Thursday that it has launched an advanced elevator maintenance service, called Miri, which integrates the Internet of Things, artificial intelligence, big data and robotics technologies. The new Miri, which means “in advance” in Korean, reflects the company’s commitment to providing the best customer satisfaction, the company said. Hyundai Elevator held the launch event at its smart campus in Chungju, North Chungcheong Province, with CEO Cho Jae-cheon

Hyundai Motor Group on Thursday completed its first overseas hydrogen fuel cell system facility in Guangzhou, China, signifying the South Korean auto giant's global expansion in the hydrogen industry. About 200 Chinese and Korean government officials and business executives, including Hyundai Motor Company CEO Chang Jae-hoon (sixth from left) and Lin Keqing (fifth from left), chairman of the Guangdong Provincial Political Consultative Conference and secretary of the Guangzhou Municipal Comm

South Korean builder Hyundai Engineering & Construction announced Thursday that it will begin pre-sales of its Hillstate Sunhwa the Wise – a residential and commercial apartment complex in Daejeon, some 160 kilometers south of Seoul. The complex consists of five 49-story buildings with a total of 851 units. The builder plans to offer the first installment deposit fixed at 10 million won ($7,500) and an interest relief guarantee to the contract holders. The complex, among others, boasts

Hyundai Mobis said Thursday it has begun the construction of its new electric vehicle battery system plant in Indonesia in its latest push for expansion into Southeast Asia’s burgeoning EV market. The automotive parts unit affiliated with Hyundai Motor Group held a groundbreaking ceremony for the plant in West Java, along the outskirts of Jakarta, on Wednesday, with local government and company officials in attendance, including Governor of the West Java Province Mochamad Ridwan Kamil and

S. Korean mobile game giant aims to stop and turn around continuing losses

South Korean battery maker Samsung SDI said Thursday an executive meeting was held to bolster environmental, social and governance management efforts. Some 20 top executives, including Samsung SDI CEO Choi Yoon-ho, joined the workshop held at the company’s headquarters in Giheung, Gyeonggi Province. “ESG management goes beyond corporate’s social responsibility. It is a key strategy to enhancing our competitive edge for the future,” said the CEO in his opening remarks. &ld

US chip giant Intel, which takes up over 70 percent of the global CPU market, is expected to establish a semiconductor data center development lab in Seoul to ramp up cooperation with major chipmakers here. The tech giant revealed the plan to build such research facilities in six countries, which also include the United States, Taiwan, China, India and Mexico, at Intel Vision 2023 last week in Taiwan, according to industry sources here on Thursday. In Seoul, the envisioned facility will be dubbe

HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has won a 1.24 trillion won ($937 million) order to build five very large container carriers for a Taiwanese shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding & Offshore Engineering's three affiliates, will construct the 15,500 twenty-foot equivalent unit ships in its shipyard in the southeastern port of Ulsan, the shipbuilder said in a regulatory filing. The container vessels powered by liquefi

After Shake Shack and Five Guys, expectations high for US burger chain’s possible Korean debut

Daewoo Engineering & Construction's Chairman Jung Won-ju, who doubles as vice chairman of Jungheung Group, met with Turkmenistan's president and other top officials to discuss new business projects in the Central Asian country, the South Korean builder said Wednesday. According to the company, Jung met with Turkmenistan’s de facto leader Gurbanguly Berdymukhamedov, the former president who currently serves as chairman of the People’s Council, in the capital city of Ashg

Samsung Electronics said Wednesday it has donated over 230 million won ($174,000) by launching a socially responsible campaign in May, driven by employee participation, to support 20 children from low-income households. Samsung’s chairman Lee Jae-yong, who has reportedly made numerous anonymous donations, is trying to spread a culture of donation throughout affiliates of Samsung Group. The Month of Sharing campaign was designed to encourage Samsung employees’ donations through the Na