
S. Korea's LG Electronics, Canada's Magna to collaborate in EV parts production
Dec 24, 2020 23:36 pm UTC| Business
The South Korean electronics giant LG Electronics Inc. will launch a US$1 billion electric car parts joint venture with Canadian auto parts company Magna International Inc. next year. It will specialize in manufacturing...

Korea Shipbuilding wins 607.2 billion LNG ship order from Panama
Dec 23, 2020 23:41 pm UTC| Business
Korea Shipbuilding Offshore Engineering Co. has received a 607.2 billion-won order from an unidentified Panamanian shipper to build three liquefied natural gas (LNG) ships. Hyundai Samho Heavy Industries Co., one of...

Samsung, SKT, Kakao collaborate for pandemic-forecasting AI
Dec 23, 2020 23:24 pm UTC| Business
A joint research and development group has been formed by Samsung Electronics, SK Telecom, and Kakao to develop an artificial intelligence platform that alerts users of coronavirus risks in advance. According to the...

SK Materials invests $17 million in US-based battery tech developer
Dec 23, 2020 23:19 pm UTC| Business
SK Materials has invested $17 million in Group14 Technologies, a US-based startup developing advanced materials that can enhance the energy density of lithium-ion batteries by 50 percent. The investments will allow...

Global sales of Bibigo frozen dumplings leach 1 trillion won in 2020
Dec 23, 2020 23:11 pm UTC| Business
CJ CheilJedang sold 1.03 trillion won worth of Bibigo dumplings in 2020, with 65 percent generated from overseas. This years sales were double that of the 506 billion won in 2017. The US was the biggest market for...

Dongbu-led consortium named preferred bidder for 83.45% Hanjin Heavy stake
Dec 23, 2020 23:05 pm UTC| Business
A Dongbu Corp.-led consortium was chosen as the preferred bidder group by creditors for the 83.45 percent stake of Hanjin Heavy Industries Construction Co. The Hanjin stake was 63.44 percent owned by the seven South...
This Company Will Pay You To Not Sell Your Annuity
Dec 23, 2020 10:17 am UTC| Business
Those who end up with an annuity as the result of having to suffer through a personal injury or wrongful death in their family will have periodic payments due to them in the future. This comes as a result of settling their...