South Korea

Dual Mode Athermal AWG Modules for 5G Wireless Fronthaul and FTTH Networks

Friday, June 18, 2021 - 1:33pm

LOS ANGELES and SEOUL, South Korea, June 18, 2021 /PRNewswire/ --POINTek, Inc., a global leader and provider of high performance athermal AWGs, announced launching of new Dual Mode Athermal AWG Multi/Demultiplexer Modules capable of supporting DWDM athermal AWG Multiplexer/Demultiplexer function for 5G fronthaul application and GPON/XGPON for FTTH application.

Key Points: 
  • LOS ANGELES and SEOUL, South Korea, June 18, 2021 /PRNewswire/ --POINTek, Inc., a global leader and provider of high performance athermal AWGs, announced launching of new Dual Mode Athermal AWG Multi/Demultiplexer Modules capable of supporting DWDM athermal AWG Multiplexer/Demultiplexer function for 5G fronthaul application and GPON/XGPON for FTTH application.
  • TheHybrid AWGwith a Built-in Splitter performsdual functions (hence, dual mode) of purely point-to-point 5G DWDM wireless fronthaul as well as GPON/XGPON/XGSPONpoint-to-multipoint FTTH (see Figure 1).
  • The Hybrid AWG consists of 5G Wireless Fronthaul 20-CH DWDM Upstream and 20-CH DWDM Downstream ports with a GPON/XGPON Splitter connectivity.
  • For example, we can provide this new dual mode athermal AWG for meeting the emerging broadband infrastructure deployments where 5G Wireless fronthaul upgrade is needed in priority or where FTTH with existing GPON or upgrade to XGPON is desired on top of on-going 5G wireless fronthaul infra," Rhee adds.

South Korea Cards and Payments Market Opportunities and Risks Report 2020-2024 - ResearchAndMarkets.com

Friday, June 18, 2021 - 11:22am

The "South Korea Cards and Payments - Opportunities and Risks to 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "South Korea Cards and Payments - Opportunities and Risks to 2024" report has been added to ResearchAndMarkets.com's offering.
  • 'South Korea Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in the Korean cards and payments industry.
  • This report provides top-level market analysis, information and insights into the Korean cards and payments industry, including -
    Current and forecast values for each market in the Korean cards and payments industry, including debit, and credit cards.
  • Other digital-only banks present in South Korea include KakaoBank (launched in July 2017) and K Bank (launched in April 2017).

LTI Awarded Snowflake Global Innovation Partner of the Year

Thursday, June 17, 2021 - 3:00pm

MUMBAI, India, June 17, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has been recognized as the Global Innovation Partner of the Year by Snowflake , the Data Cloud Company .

Key Points: 
  • MUMBAI, India, June 17, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has been recognized as the Global Innovation Partner of the Year by Snowflake , the Data Cloud Company .
  • LTI received this prestigious recognition during Snowflake Virtual Partner Summit held on June 16, 2021.
  • Our global strategic partnership with Snowflake enables us to bring the innovation needed to create data-driven organizations for customers.
  • As part of this program LTI Mosaic Decisions and LTI Mosaic AI will facilitate easy adoption of Snowflake with optimized performance.

Hyundai Mobis developed new 'lighting and moving grille'

Thursday, June 17, 2021 - 2:00pm

The core of the new grille technology, developed by Hyundai Mobis, consists of the 'lighting grille' and the 'moving grille.'

Key Points: 
  • The core of the new grille technology, developed by Hyundai Mobis, consists of the 'lighting grille' and the 'moving grille.'
  • For starters, Hyundai Mobis' 'lighting grille' is a technology that can use the entire front grille of the car as a lighting device.
  • The 'moving grille' technology, also developed by Hyundai Mobis, automatically controls the outside air to cool the engine as the grille moves and provides the lighting function as well.
  • Hyundai Mobis also developed a virtual engine sound system utilizing the automotive grille as a global first last year.

Match Group Closes Acquisition of Hyperconnect

Thursday, June 17, 2021 - 12:00pm

DALLAS and SEOUL, South Korea, June 17, 2021 /PRNewswire/ --Match Group (NASDAQ: MTCH) announced today it has completed the acquisition of Hyperconnect, a leading social discovery and video technology company.

Key Points: 
  • DALLAS and SEOUL, South Korea, June 17, 2021 /PRNewswire/ --Match Group (NASDAQ: MTCH) announced today it has completed the acquisition of Hyperconnect, a leading social discovery and video technology company.
  • The $1.725 billion transaction was completed 50% in cash and 50% in Match Group stock.
  • "We're thrilled to start capturing the huge synergy potential between Hyperconnect and Match Group's portfolio of world-class brands," said Sam Ahn, CEO of Hyperconnect.
  • "We see clear pathways to turbocharge Hyperconnect's growth while adding value to Match Group through our unique technology."

LTI Awarded Snowflake Global Innovation Partner of the Year

Thursday, June 17, 2021 - 10:00am

MUMBAI, India, June 17, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has been recognized as the Global Innovation Partner of the Year by Snowflake , the Data Cloud Company .

Key Points: 
  • MUMBAI, India, June 17, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has been recognized as the Global Innovation Partner of the Year by Snowflake , the Data Cloud Company .
  • LTI received this prestigious recognition during Snowflake Virtual Partner Summit held on June 16, 2021.
  • Our global strategic partnership with Snowflake enables us to bring the innovation needed to create data-driven organizations for customers.
  • As part of this program LTI Mosaic Decisions and LTI Mosaic AI will facilitate easy adoption of Snowflake with optimized performance.

Korean Automotive GIGA Testing Labs Choose Cybellum for Automated Risk Assessment

Thursday, June 17, 2021 - 9:00am

TEL AVIV, Israel and GYEONGGI-DO, South Korea, June 17, 2021 /PRNewswire/ --Cybellum, the leading Automotive Cybersecurity Risk Assessment solution provider, today announced that it has teamed up with Korea's Gwangju Green Car Promotional Center, GIGA, to deploy an automated vulnerability management solution on GIGA's testing lab.

Key Points: 
  • TEL AVIV, Israel and GYEONGGI-DO, South Korea, June 17, 2021 /PRNewswire/ --Cybellum, the leading Automotive Cybersecurity Risk Assessment solution provider, today announced that it has teamed up with Korea's Gwangju Green Car Promotional Center, GIGA, to deploy an automated vulnerability management solution on GIGA's testing lab.
  • GIGA is a government center established in 2010 as a hub for testing and certification of eco-friendly automotive parts.
  • "Deploying Cybellum Cyber Digital Twins platform at our labs is part of our broader vision to create an ecosystem that supports the vibrant Korean automotive industry," said Jin Beom Kim, at Senior Research Engineer of GIGA.
  • Cybellum empowers automotive OEMs and suppliers to identify and remediate security risks at scale, throughout the entire vehicle life cycle.

Hyundai Mobis introduces new grille for EV and AV

Thursday, June 17, 2021 - 9:00am

The core of the new grille technology, developed by Hyundai Mobis, consists of the 'lighting grille' and the 'moving grille.'

Key Points: 
  • The core of the new grille technology, developed by Hyundai Mobis, consists of the 'lighting grille' and the 'moving grille.'
  • For starters, Hyundai Mobis' 'lighting grille' is a technology that can use the entire front grille of the car as a lighting device.
  • The 'moving grille' technology, also developed by Hyundai Mobis, automatically controls the outside air to cool the engine as the grille moves and provides the lighting function as well.
  • Hyundai Mobis also developed a virtual engine sound system utilizing the automotive grille as a global first last year.

BCcard secures a strong foothold in Vietnam's card payments market

Thursday, June 17, 2021 - 2:00am

SEOUL, South Korea, June 16, 2021 /PRNewswire/ --BCcard (CEO Choi Won-Seok), the biggest card payment acquirer in South Korea announced that it has acquired a 100% stake in Vietnamese POS terminal distributor Wirecard Vietnam1securing a strong foothold in Vietnam's card payments market.

Key Points: 
  • SEOUL, South Korea, June 16, 2021 /PRNewswire/ --BCcard (CEO Choi Won-Seok), the biggest card payment acquirer in South Korea announced that it has acquired a 100% stake in Vietnamese POS terminal distributor Wirecard Vietnam1securing a strong foothold in Vietnam's card payments market.
  • Wirecard Vietnam, which had been acquired by BCcard, has the largest market share in the country, supplying payment terminals to more than 40 major Vietnamese banks and electronic payment companies.
  • This company is not only engaged in the distribution business, but also possesses exceptional software development capabilities.
  • Meanwhile, BCcard has been collaborating with various payment institutions such as NAPAS2, LienVietPostBank3, and Sacombank4 to digitize the Vietnamese payments market since 2017.

Magnachip Announces Postponement of Special Meeting of Stockholders Pending Further Developments with respect to Interim Order from CFIUS

Thursday, June 17, 2021 - 1:28am

In light of the Interim Order, Magnachip today announced the postponement of its special meeting of stockholders, which was scheduled to be held at 8:00 p.m. Eastern time on June 17, 2021, pending further developments with respect to the Interim Order.

Key Points: 
  • In light of the Interim Order, Magnachip today announced the postponement of its special meeting of stockholders, which was scheduled to be held at 8:00 p.m. Eastern time on June 17, 2021, pending further developments with respect to the Interim Order.
  • Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, industrial and automotive applications.
  • This communication is being made in respect of the proposed transaction involving Magnachip and Wise Road Capital.
  • In connection with the proposed transaction, Magnachip has filed relevant materials with the SEC, including the Proxy Statement.