SEOUL, Oct. 8 (Korea Bizwire) — South Korea’s HL Group said Tuesday it plans to acquire Stanley Robotics, a French robotics parking company, by purchasing a controlling stake. HL Robotics, a group subsidiary, is set to acquire 403,647 shares of Stanley Robotics for approximately 32.2 billion won (US$23.9 million) to secure a 74.1 percent stake [...]
SEOUL, Sept. 26 (Korea Bizwire) –Hyundai Motor Group said Thursday it plans to develop an unmanned firefighting robot to deal with underground electric vehicle fires in underground parking lots. The automotive group said it will partner with the National Fire Agency to develop the firefighting robot by the end of the year and deploy them [...]
JEJU, Sept. 18 (Korea Bizwire) – In a sign of agriculture’s digital future, cows on a dairy farm on Jeju Island are being milked and cared for by robots around the clock. Dawon Farm, located in Jeju City’s Jocheon-eup district, has embraced automation with the introduction of eight digital robotic milking machines. These tireless devices operate [...]
SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that 27 non-owning executives of South Korean companies with market capitalizations exceeding 2 trillion won hold stock wealth valued at over 10 billion won each, highlighting a growing trend of wealth accumulation among professional managers in the country’s booming tech sector. The Korea CXO Institute, [...]
SEOUL, Sept. 9 (Korea Bizwire) – Yogiyo, a South Korean food delivery app, officially launched the country’s first robot delivery service, the company said Monday. The service was introduced in the Songdo district of Incheon, about 40 kilometers west of Seoul, with plans for nationwide expansion in the future, according to Yogiyo. It is the [...]
SEOUL, Sept. 6 (Korea Bizwire) – Samsung Electronics and LG Electronics have introduced their latest artificial intelligence companion robots at IFA 2024, Europe’s largest consumer electronics trade show. Samsung’s offering, a spherical yellow robot named Ballie, took center stage during a demonstration on September 5, a day before the official opening of IFA. The robot showcased [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Group said Monday it will showcase its latest technologies related to smart city infrastructure at the 2024 World Smart City Expo Korea (WSCE) to be held this week. The South Korean automotive giant will feature various technologies related to smart city infrastructure themed on transport, logistics and [...]
SEOUL, Aug. 9 (Korea Bizwire) – Delivery app Baedal Minjok, or Baemin, said Friday it will deploy delivery robots in Seoul and the surrounding metropolitan cities within this year to better serve its customers. Baemin, under food delivery app owner Woowa Brothers Corp., has recently obtained safety certification for the use of its delivery robot [...]
HOENGSEONG, Aug. 8 (Korea Bizwire) – In the picturesque foothills of Gujeolsan Mountain, a call for help echoed through the Georyu 119 Safety Center on the morning of July 27. A resident, trapped in their home by a menacing hornet’s nest, pleaded for assistance. This scenario, while alarming, is not uncommon in South Korea, where hornet [...]
SEOUL, Jul. 25 (Korea Bizwire) – South Korean tech giant Naver is gaining increased attention from global investment banks, with its webtoon platform and robotics ventures leading the charge. According to industry sources on July 24, Goldman Sachs and Evercore ISI, two prominent investment banks, have set ambitious target prices for Webtoon Entertainment, the parent company [...]