LG Electronics and Microsoft have signed a memorandum of understanding (MOU) to enhance and further grow LG’s autonomous vehicle and infotainment system business, a LG spokesman said on Jan. 9. Under the terms of the partnership, LG will accelerate the transformation of its existing digital platform

A unique, immersive installation of eye-popping, flexible displays from LG Electronics attracted CES 2019 visitors, a company spokesman said on Jan. 10. The “LG OLED Falls” display features 260 LG OLED digital signage screens, in curved and flat configurations, giving tens of thousands of CES visito

Samsung Electronics and KDDI have successfully completed a 5G test with real time transmission of 4K ultra-high-definition (UHD) surveillance video on a train platform, the first in Japan, the company said on Jan. 10.Together with Waseda University, Keihin Corporation, and Advanced Telecommunication

Qualcomm Technologies announced plans to showcase artificial-intelligence (AI) intuitive in-vehicle experiences for next generation vehicles during the Consumer Electronic Show (CES) 2019, a company spokesman said on Jan. 7.Utilizing the natural language processing and speech recognition capabilitie

LG Electronics (LG) and Microsoft entered into a memorandum of understanding to enhance and further grow LG’s autonomous vehicle and infotainment system business. Under the terms of the partnership, LG will accelerate the transformation of its existing digital platform for the vehicle industry, seen

Korea Electric Power Corp. (KEPCO) has obtained the "ISO 37001 (Anti-Bribery Management System" certification from Korea Knowledge Standards Registrar (KSR) that oversees the certification of international standard anti-corruption management system on January 4.ISO 37001 is an international standard

Ssangyong Motor Co. has secured its third place in the automobile industry thanks to its record sales in 15 years. The motor company said on Jan. 2 that it sold 143,309 units, including 109,140 in domestic sales and 34,169 in exports, over the past year.Domestic sales rose by 2.3 percent, but export

LG Group Chairman Koo Kwang-mo has expressed his will to expand the pool of female talent and foster female leaders. The move is seen as a new strategy to actively hire and foster female employees on a mid- and long-term basis, following the selection of many female executives at this year's reg

KT Chairman Hwang Chang-kyu's 2019 New Year's message, "Let's go for the top spot with 5G speed and take the top spot in the world."KT Chairman Hwang Chang-gyu encouraged his employees to come to work for the first time in the New Year on the morning of January 2 and presented them with

Shinhan Bank said on Dec. 30 that Bank Shinhan Indonesia, a local corporation of Shihan Bank in Indonesia, has obtained the highest credit rating of AAA from the Indonesia's credit rating agency PEFINDO."PEFINDO" is the oldest and most trusted rating agency in Indonesia. The credit rating grante

Mirae Asset Daewoo announced on Dec. 26 that it has completed the acquisition of a new logistics center of Amazon, the world's largest e-commerce company, for $78 million. The LA Corp. of Mirae Asset Daewoo that acquired the shares of the Amazon's logistics center alone plans to commercializ

GS Engineering & Construction (GS E&C) said on Dec. 24 that it has won the 635 million Singapore dollars (about 524 billion won) order for the construction of the N101 section of the North-South Corridor (NSC) project from the Singapore Land Transport Authority (LTA).It is a project to construct an

Ssangyong Motor Co. said that the sales of Rexton Sports, which was launched in January, has exceeded 40,000 units in Korea. This is the biggest performance in the first year of its release among sports brands, the company said on Dec. 21.Rexton Sports surpassed 2,500 preorders in just four days and

Dongwon Industries has achieved $200 million in exports in the marine products sector this year. The company was awarded a 200 million dollar export credit for Korea's biggest export success in the marine product field at the 2017 Export Promotion Ceremony hosted by the Ministry of Maritime Affa

The Korea Exchange is expected to face sanctions for failing to comply with the Central Counter Party (CCP) regulations of the U.S. Commodity Futures Trading Commission (CFTC).According to the Chosun Biz on Dec. 19, the U.S. CFTC is planning to confirm and inform the Korea Exchange of its actions fo

Samsung Electronics announced on Dec. 18 that it has recently finished implementing its SMART Signage at the new Istanbul Airport, which will be the world’s largest airport once fully-completed, serving 200 million passengers annually. It will host 2,000 arriving and departing aircrafts, with flight

Nongshim is about to achieve its biggest foreign business performance ever. Nongshim said on Dec. 17 that its overseas sales for 2018 are expected to increase 18 percent year-on-year to $760 million, mainly thanks to the high popularity of its major product, "Shin Ramen," in overseas markets.Nongshi

CJ Group Chairman Lee Jay-hyun has tightened his grip on expanding the group's global territory. He ordered the management to prepare for the future of the group's overseas projects, saying that its future depends on the performance of the overseas projects for the coming one or two years.Ac

Hyundai Heavy Industries (HHI) Group recently won the order for two escort ships, achieving its goal for this year in advance. HHI announced on Dec. 13 that it has signed a contract with the Defense Acquisition Program Administration (DAPA) to build two 2,800-ton convoys worth 633.5 billion won. Of

SK Bioscience announced on Dec. 12 that the next-generation pneumococcal vaccine, which is being developed jointly with Sanofi Pasteur, passed the U.S. Food and Drug Safety Administration's approval of its clinical trial plan, called the IND, and entered the first clinical trial stage early this