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Monday, January 23, 2017

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Hyundai Heavy Industries (HHI) Group will establish tentatively named “Hyundai Robotics” as an operating holding company.
Creation of Holding Company
19 January 2017 - 1:30pm
Until now, Hyundai Heavy Industries Co. (HHI), the world's biggest shipbuilder, has said that its spin-off is just for survival. However, the company officially announced to set up its holding...
Samsung Electronics will start providing its system-on-chip Exynos processors for Audi’s next-generation in-vehicle infotainment system.
Brain for Audi Cars
19 January 2017 - 1:15pm
Samsung Electronics is to provide German auto brand Audi with its system-on-chip solution, which serves as the brain of future cars. This is the first time for the company to supply a system...
Mirae Asset Management will launch AI-based funds to invest in various Smart Beta listed index ETFs and large-cap stocks based on AI.
AI-based Fund
19 January 2017 - 1:00pm
Mirae Asset Management announced on January 18 that it will launch 'Mirae Asset AI Smart Beta Fund' and 'Mirae Asset AI Smart Beta Market Hedge Fund' to invest in various Smart Beta listed index ETFs...
Jung Young-chul, general manager of the Planning and Management Division at Korea Western Power and Nguyen Guonjin, vice chairman of the People’s Committee of Quang Tri province in Vietnam are signing an MOU.
Coal-fired Power Project in Vietnam
19 January 2017 - 1:00pm
Korea Western Power Co. (KOWEPO) announced on January 17 that it signed a Memorandum of Understanding (MOU) with the People's Committee in Vietnam's Quang Tri Province on the second-phase development...
Jang Dong-hyun, new CEO of SK Holdings.
Expansion into Global Business
19 January 2017 - 1:00pm
Jang Dong-hyun, new CEO of SK Holdings, emphasized the company's expansion into the global market and the steady development of new business items in a ceremony in honor of the first business day of...
Hyundai Motor showcased Ioniq Connected Car adopting the voice command-based AI assistant at the 2017 North America International Auto Show.
AI–assistant Car
19 January 2017 - 12:45pm
Domestic drivers will also be able to access to a domestically produced artificial intelligence (AI) assistant service that can operate their in-car navigation systems and set the temperature of an...
The Seoul Central District court rejected an arrest warrant sought for Samsung Group's de facto leader Lee Jae-yong on charges of bribery, embezzlement and perjury, on January 19.
Avoidance of Worst Case
19 January 2017 - 12:30pm
Early morning on January 19, the Seoul Central District court rejected an arrest warrant sought for Samsung Group's de facto leader Lee Jae-yong on charges of bribery, embezzlement and perjury,...
Chung Mong-ik, CEO of KCC Corp.
Corporate Image Damaged
18 January 2017 - 10:00pm
KCC Corp. won two major awards in categories including the Best Team in Korea in the 'ALB Korea Awards 2016' selected by legal media ALB (Asian Regal Business) last November. The event is one of the...
The halt of power generation and seawater desalination plant construction project in Yanbu, Saudi Arabia is likely to affect Samsung Engineering’s business in the nation in the future.
Concern on the Future
18 January 2017 - 5:15pm
It has been found that the state-run Saline Water Conversion Corporation (SWCC) of Saudi Arabia told Samsung Engineering to stop its power generation and seawater desalination plant construction...
An Australian mine blasting scene.
Mining Service Biz
18 January 2017 - 11:30am
Hanwha is accelerating its global mining service business by sealing four contracts which Hanwha has pursued since last year including supplying primers and ammonium nitrate explosives to Australia,...
The share of environmentally friendly cars among all the vehicles registered in Korea exceeded 1 percent, or 244,158 units for the first time.
More Eco-friendly
18 January 2017 - 11:30am
According to the Ministry of Land, Infrastructure and Transport on January 17, the number of electric vehicles (EVs) registered in South Korea last year amounted to 10,855. The figure is about 31...
Samsung Electronics Co. is reinforcing functions of its healthcare app “S Health.”
Healthcare Competition
18 January 2017 - 11:30am
Samsung Electronics Co. is targeting the global market, including the U.S., with its healthcare application armed with a medical bill payment function. The company said on January 17 that it has...

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