[WEEKEND WRAP] MAY 11-14

May 11

[Yonhap] South Korea will lower regulatory hurdles for five promising industries–electric and autonomous vehicles, home appliances using IoT technology, semiconductors and displays, renewable energy and biotechnology–and support their research and development (R&D) to help local companies lead fast-changing technology trends and create quality jobs.

The ministry said it will increase the percentage of R&D investment spent on these industries from the current 30 percent to 50 percent by 2022, and adopt a “regulatory sandbox” to allow businesses to test innovative products, technologies and services in the real market.

Read here.

May 13

[Yonhap] South Korea’s No. 2 mobile carrier, KT Corp., said that it has successfully established a full long-term evolution (LTE) network across Rwanda, achieving the first full national coverage in Africa. The network is distributed to three main Rwandan mobile carriers — MTN Rwanda, Tigo and Airtel Rwanda — that have a combined 8.6 million subscribers out of the country’s 12 million population.

KT Rwanda Networks (KTRN) is owned by KT and the government of Rwanda. The service reached 17 percent coverage by the end of 2014 and 55 percent by the end of 2016. It is the only LTE infrastructure company in Rwanda.

Read here.

May 13

[Yonhap] South Korea’s farm ministry said Sunday that it has dispatched an official delegation to the United Arab Emirates (UAE) to seek closer bilateral ties in the agricultural sector. The latest move by Seoul comes following the summit meeting between the leaders of the two countries in March.

The team led by the head of the international cooperation office departed over the weekend and will be in the resource-rich Middle East country till Thursday and meet its counterparts in government, as well as check out various farm production facilities and research institutes.

Read here.

May 14

[Yonhap] Samsung Electronics Co. will share some 1,000 unused patents with local small and medium-sized enterprises (SMEs). The Korea Institute for Advancement of Technology said it launched a program to provide companies free access to Samsung’s 1,091 patents in the fields of electronics, displays, mobile devices, chips and telecom solutions.

The institute has been rolling out the project since 2013, also inviting POSCO, LG Chem Ltd. and Hyundai Motor Co. to join the endeavor.Local SMEs that have use for such technology can apply to participate in the program by the end of this month.

Read here.

May 14

[Yonhap] Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday their combined sales in Brazil and three other emerging countries rose 15.1 percent in the first four months of 2018 from a year earlier, a positive development amid sluggish demand in major markets.

The two South Korean carmakers sold a combined 427,408 vehicles in the four nations — Brazil, Russia, India and Mexico — up to the end of April, compared with 371,213 units a year earlier. The two carmakers said they are aiming to sell a combined 7.55 million vehicles this year.

Read here.

 

 

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