Following rising demand for air purifiers, household appliance company Woongjin Coway is seeking to continue its lead in the market with its special filters, the company said Tuesday.According to research institute Growth From Knowledge, annual sales of air purifiers in South Korea have more than doubled recently, from about 700,000 in 2016 to 1.8 million in 2018, amid the rising threat of worsening fine and ultrafine dust levels. Korea’s No. 1 rental company of air purifiers by sales, Cow

Kia’s Telluride has been named the 2020 North American Utility Vehicle of the Year, the carmaker said Tuesday, marking the first time it has been chosen as a finalist. According to Kia Motors, the Telluride beat out prominent rivals, the Hyundai Palisades and Lincoln Aviator, in the North American Car, Utility and Truck of the Year (NACTOY) awards. “The Telluride’s interior layout and design would meet luxury SUV standards, while its refined drivetrain, confident driving dynami

Samsung announced Tuesday that it will acquire TeleWorld Solutions, a Virginia-based network service provider. TWS specializes in providing network designs, installations, testing and optimized solutions to mobile service and cable operators as well as original equipment manufacturers. With the latest deal with TWS, Samsung Electronics is expected to increase its presence in the network infrastructure market as an end-to-end service provider.The South Korean company has been supplying netwo

KT and the Samsung Medical Center announced on Tuesday that they have started an official test-run of 5G-powered medical solutions designed to enhance health care. During a press conference held Monday at the Samsung Medical Center in southern Seoul, the two companies introduced several applications that make use of the 5G network throughout the hospital complex.The RAN-based 5G network at the tertiary hospital makes certain procedures possible at lower cost, when compared with the cost of

GS Group Chairman Huh Tae-soo presented “innovation” as his first management keyword since taking office last month, with the aim of expanding an open innovation culture in the conglomerate, officials said Tuesday. He took the baton to lead the group from his brother Huh Chang-soo last month. “We can increase the sustainability of our business and society by building partnerships with various other enterprises, including startups, and exchange healthy influences,” Hu

Automaker unveils ‘Plan S’ to become mobility solutions provider in conjunction with Hyundai

German automaker attributes last year’s success to product range ‘fit’ for Koreans

New entries have slowed since 2012

Hyundai Engineering and Construction Co., a major South Korean builder, said Tuesday it has clinched orders worth a combined 870 billion won ($754 million) to build office buildings in Qatar and a sports center in Singapore.Hyundai E&C said it has received a letter of award from Qatar's Lusail Real Estate Development Co. for a project to build two of four Lusail Plaza Towers, for 609 billion won.The 65-story buildings, with an additional five underground floors, are part of the Lusail City F

SK Telecom said Monday it has initiated a group of multinational mobile carriers to cooperate on the development of a pan-national 5G network environment in the Asia-Pacific region. The six entities joining the group -- titled Bridge Alliance -- include South Korea’s SKT, Singapore Telecommunications, Hong Kong Telecom, PCCW, Globe Telecom Philippines and Taiwan Mobile. The South Korean mobile carrier’s recent initiative comes as part of its efforts to take the lead in multiaccess ed

LG Electronics Inc. said Tuesday it has signed a partnership with US-based automotive voice recognition solutions provider Cerence Inc. to develop an in-vehicle infotainment system. Under the deal, which was signed on the sidelines of Consumer Electronics Show in Las Vegas, Nevada, last week, LG and Cerence will collaborate in developing a webOS Auto-based IVI system equipped with voice recognition features. WebOs Auto is a Linux-based automotive infotainment platform specially designed to provi

'CDO business will bring 50% of CMO clients by 2035’

South Korean air carriers canceled flights connecting Incheon and Manila following a volcanic eruption that covered areas of the Philippines with ashes, industry sources said Monday.Earlier in the day, Korean Air Lines Co., South Korea's top flag carrier, canceled three flights departing from Incheon International Airport to Manila, along with three returning flights.Global flights bound for Manila have been disrupted since Sunday following the eruption of Taal Volcano, located 65 kilometers sou

LAS VEGAS -- At the TV section of Best Buy Arroyo Crossing Parkway in Las Vegas -- the largest electronics retail chain in the US -- South Korea’s LG Electronics boasts its organic light-emitting diode TV lineup on its display wall next to competitors like Sony and Samsung Electronics. Among others, the latest 88-inch LG Signature OLED Real 8K model with the official 8K Ultra HD logo granted by US Consumer Technology Association stood out, capturing the attention of visitors with its stunn

UK-based Mundipharma said Monday it has secured a partnership with Korea’s Samsung Bioepis to commercialize its first-wave biosimilar candidates in Taiwan and Hong Kong.The partnership covers Samsung Bioepis’ biosimilar candidates in the field of immunology and oncology, including SB5 (adalimumab), SB4 (etanercept), SB3 (trastuzumab) and SB8 (bevacizumab). Mundipharma will be the exclusive commercialization partner, while Samsung Bioepis will remain responsible for clinical developme