Latest News

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  Daewoo shipyard wins $966 mln orders for ten VLCCs installed with dual-fuel propulsion engines. SEOUL -- Daewoo Shipbuilding & Marine Engineering, a major shipbuilder in South Korea, has secured orders worth 1.09 trillion won ($966 million) from three unidentified clients in North American, Europe and Asia to build ten 300,000-ton crude carriers installed with dual-fuel propulsion engines. Ships will be delivered sequentially by the end of September 2023. Daewoo Shipbuilding & Marine Engineering (DSME) said in a 2021-03-12
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  Misfuelling prevention service wins state approval for demonstration SEOUL -- A pilot service to prevent misfuelling at gas stations has won state approval. When a vehicle enters a gas station, an on-site vehicle identification system will read its plate number using sensors to activate the right fuel pump. Government data showed about 150 misfuelling cases were reported every year in South Korea. If gasoline is put into a diesel-fueled vehicle or vice versa, the engine could be critically damaged. Gasoline and diesel have different 2021-03-12
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  LG battery unit unveils $4.42 bln new investment to boost production in U.S. SEOUL -- LG Energy Solution, the battery-making wing of South Korea's LG Group, unveiled a new investment of more than five trillion won ($4.42 billion) by 2025 to raise production capabilities in the United States. A separate investment will be decided by the end of June to build a second joint venture plant with General Motors. It marked the battery company's first major investment since LG Energy Solution made its official debut as a separa 2021-03-12
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  Hyundai Motor partners with Hankook Tire to develop tire monitoring technology SEOUL -- In an effort to beef up its competitiveness in the rapidly growing global connected car market and develop new business models, Hyundai's auto group joined hands with Hankook Tire & Technology, a leading domestic tire maker, to develop a monitoring system that can inspect and monitor the condition of tires in real-time. Normally, modern vehicles are equipped with a tire-pressure monitoring system (TPMS) that uses sensors installed on each 2021-03-11
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  Italiay and S. Korea discuss joint study on intercontinental comparison of optical atomic clocks SEOUL -- Italian and South Korean public research bodies may launch a state-sponsored joint study on the intercontinental comparison of optical atomic clocks that will redefine the international standard for measuring a second in time. They are far more accurate and stable than the current standard based on microwave atomic clocks. Synchronizing modern electronic systems such as the Internet and GPS navigation uses microwave atomic clocks that measure time based 2021-03-11
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  KAI taps defense market for scientific, cost-effective LVC military training SEOUL -- Korea Aerospace Industries (KAI), the sole aircraft maker in South Korea, will make a foray into the defense market for a scientific future training system that is drawing attention due to the development of advanced information and communication technologies. Military training events using real equipment are live simulations. A virtual simulation involves real people operating simulated systems. A constructive simulation is a computer program involving s 2021-03-11
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  Hyundai auto group releases teaser image of new MPV with futuristic design SEOUL -- A new multi-purpose vehicle from South Korea's Hyundai’s auto group will be equipped with futuristic design cues and space innovation. The group said the new model offers a strikingly futuristic and mysterious exterior, resembling a spaceship. Hyundai's teaser image released on March 11 showed STARIA Premium, a high-end variant of the group's multi-purpose vehicle (MPV) brand, with future-oriented product values and streamlined 2021-03-11
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  CJ Cheil Jedang boosts grilled fish HMR production due to growing popularity SEOUL -- CJ Cheil Jedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, will go full throttle with the production of ready-to-eat grilled fish packages to cope with the growing popularity of home meal replacements, which are a convenient meal package requiring no comprehensive cooking processes. Meal kits or heat-and-eat meal packages including ingredients and sauces became popular in South Korea in 2020 when people 2021-03-11
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  SK Bioscience gets CEPI's additional fund for research into COVID-19 virus variants SEOUL -- To secure COVID-19 vaccines capable of preventing mutant viruses, SK Bioscience will receive an additional research fund of up to $14.2 million from an international foundation that finances vaccine research projects, by utilizing the development platform of its vaccine candidate code-named GBP510 which is at the stage of clinical trials. As a result, SK Bioscience, a partner for South Korea's state project to develop COVID-19 vaccines, can receive a t 2021-03-11
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  Exports of S. Korean dishwashers hit record high of $245.8 mln in 2020 SEOUL -- Exports of South Korean dishwashers for family use hit a record high of $245.8 million in 2020 as a COVID-19 pandemic raised the awareness of hygiene and home cooking to avoid visiting restaurants and other crowded places. The Korea International Trade Association (KITA) said in a report that the shipment of home dishwashers from South Korea rose 41 percent on-year in 2020. COVID-19 was cited as the key reason for boosting dishwasher exports, a 2021-03-11
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  KT develops scrambler-free quantum smartphone communication technology SEOUL -- South Korea's top telecom company KT has developed a quantum communication technology that enables smartphones to communicate with each other using quantum encrypted voice data. The technique can enable private companies and customers to use quantum encryption technology without a physical scrambler device that is attached to a network. A scrambler is a telecom device that encodes a message or data at the sender's side. If a receiver is not properly 2021-03-10
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  5G XR alliance led by LG Uplus attracts three new members from US, France and Taiwan SEOUL -- An international 5G extended reality alliance led by LG Uplus, a mobile carrier in South Korea, has attracted three top mobile carriers in the United States, France and Taiwan -- Verizon, Orange and Chunghwa Telecom. With three newcomers, the alliance brought its total membership to 10. Extended reality (XR) or Cross Reality encompasses a wide spectrum of hardware and software that enable content creation for virtual reality (VR), mixed reality (MR) 2021-03-10
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  S. Korea's short-term injection of $179 mln into research to nurture automotive semiconductors SEOUL -- South Korea unveiled a short-term injection of 204.7 billion won ($178.8 million) into research and development by next year to nurture automotive semiconductors as a COVID-19 pandemic disrupted global supply and demand, leading to the shortage of key components such as microcontrollers and a price hike. A microcontroller (MCU) is a small computer on a single metal-oxide-semiconductor integrated circuit chip. Microcontrollers are used in automatically con 2021-03-10
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  Convenience store chain CU releases meal kits made with Halal-certified ingredients SEOUL -- South Korea's convenience store chain CU has released two meal kits or ready-to-eat meal packages made with Halal-certified ingredients. The special meal packages target ordinary customers who are curious about Halal food as well as Muslim customers. CU said in a statement on March 10 that the store chain released two Halal meal kits, "Makhani Chicken Curry Rice" and "Triple Chicken Platter." The chicken curry rice menu includes a tan 2021-03-10
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  Two SK Group units join EU-funded carbon capture project SEOUL -- Two units affiliated with South Korea's third-largest conglomerate SK Group will join an EU-funded carbon capture project, secure research results and explore opportunities for their entry into overseas carbon capture and storage (CCS) markets. CCS is the process of capturing waste carbon dioxide, transporting it to a storage site and depositing it where it will not enter the atmosphere. Carbon dioxide can be captured directly from an industri 2021-03-10
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  [FOCUS] British and Korean researchers demonstrate seamless 5G-based AR service in running subway SEOUL -- British and South Korean researchers achieved a notable technology breakthrough in mobile telecommunications through the joint demonstration of a seamless 5G-based augmented reality service on a crowded subway route in Seoul utilizing new technologies that would enable various multimedia services such as high-definition video streaming in running buses and subways. The demonstration was made in late February in a subway section between Jamsil and Songpa in 2021-03-10
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  Hyundai's teaser image shows first SUV of high-performance N brand SEOUL -- South Korea's Hyundai auto group released a teaser image showing the first sport-utility vehicle of its N brand targeting young consumers who wish to drive high-performance cars. The all-new KONA N is equipped with features such as exclusive alloy wheels and red accents that embellish the side sills. The all-new KONA N will be the latest addition to Hyundai's N brand line-up and the first N model with an SUV body type. In April 2020, Hyu 2021-03-10
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  [TRAVEL] North Chungcheong Province launches 'Wellness Trip' for body and mind SEOUL -- In an effort to heal the body and mind of those who suffer from COVID Blue, a feeling of depression and isolation caused by changes in lifestyle due to the COVID-19 pandemic, the Ministry of Culture, Sports and Tourism, and the Korea Tourism Organization have selected "Wellness Trip 44," a collection of tourist hot spots that are ideal for healing. According to government data, COVID Blue inflicts feelings of depression, isolati 2021-03-09
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  Kakao Mobility jumps into pet taxi business thru acquisition of domestic startup SEOUL -- The mobility service wing of South Korea's internet service giant Kakao jumped into a pet taxi business through the acquisition of a domestic startup that has gained popularity since its debut in 2016. South Korea has seen rapid growth in food and service markets for cats and dogs, with pet hotels emerging as a lucrative business. South Korea's first pet taxi startup, Pet Me Up, said in a public notice posted on its website on March 9 that its ser 2021-03-09
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  Homebodies advised to use safe lactobacillus kit for home-made yogurt SEOUL -- South Korean homebodies were advised to use a safe yogurt starter pack instead of leftover products to avoid an unexpected growth of harmful microorganisms inside the fermented milk solution. Making yogurt at home became popular in 2020 when major companies switched to remote working to prevent the spread of COVID-19. Normally, yogurt can be easily made by adding yogurt to milk and leaving the mixed solution to ferment for a day at room temperature. A star 2021-03-09