Latest news
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Vietnam emerges as Korea's most profitable trading partner in 2022
SEOUL -- Vietnam brought a bigger trade surplus to South Korea last year than any other trading partners of the latter, according to the Ministry of Trade, Industry and Energy. The ministry said on January 4 that South Korea posted an estimated $34.25 billion in trade surplus with Vietnam in 2022. The Southeast Asian country topped the list of countries with which South Korea enjoyed a surplus. Vietnam edged out Hong Kong which was listed at the top of the trade surplus list fo
January 5, 2023 -
New five-minute PCR test technique developed using photothermal nanomaterial
SEOUL -- A research team has developed a highly-accurate and ultra-quick polymerase chain reaction test technique that can obtain test results within 5 minutes, about three times faster than ordinary rapid antigen test kits that are commonly used for the testing of COVID-19. Ordinary test equipment using the polymerase chain reaction (PCR) method takes at least a few hours to detect a specific DNA strain type. The highly-accurate test technique also requires bulky testing equipment
January 5, 2023 -
Kolon Industries partners with Hanyang University to develop gene therapy technology
SEOUL -- A biotechnology research center specializing in age-related diseases partnered with Hanyang University in Seoul to carry out research and development projects for gene therapy. Through collaborations, the research center affiliated with Kolon Industries, a chemical textile manufacturing company in South Korea, will also play the role of an incubator for prominent young biotechnology researchers. Age-associated diseases include Parkinson's disease, arthritis, osteoporos
January 5, 2023 -
Chinese man caught in Seoul two days after fleeing from quarantine facility
SEOUL -- Police said on January 5 that they caught a 41-year-old Chinese man infected with COVID-19 who ran away from a quarantine facility after arriving at Incheon International Airport. He was tested positive for the coronavirus after undergoing a PCR test at the airport. The fugitive was apprehended at a Seoul hotel at 12:55 p.m. (0355 GMT), two days after he went into hiding, according to the police. He fled at 10:07 p.m. on January 3 after getting out of a car which brought
January 5, 2023 -
Researchers develop distorted video image restoration technique for autonomous driving
SEOUL -- Researchers from a prominent state research institute have developed a video image restoration technique that can correct video images distorted or partially covered by fog. The technique can be applied to autonomous cars that use cameras to detect pedestrians and other on-road obstacles. Autonomous vehicles normally use light detection and ranging (LIDAR) sensors or cameras to detect other cars, pedestrians, and other obstacles like animals to prevent accidents. Some car
January 5, 2023 -
Operator of e-grocery platform Market Kurly postpones IPO plan
SEOUL -- Kurly Corp., which operates e-grocery platform Market Kurly, has decided to put off an initial public offering (IPO) plan indefinitely due to dampened investor confidence amid deteriorating economic and market conditions at home and abroad. The move came more than four months after the company obtained preliminary approval for its listing on the Korea Exchange (KRX) on August 22 last year. Under its original plan, Kruly had sought to complete its listing process by next mon
January 4, 2023 -
Thriller series 'The Glory' gains explosive popularity on Netflix
SEOUL -- South Korean thriller TV series "The Glory" became the third most-watched content on Netflix's non-English chart. The series depicts a story of a woman who suffered from vicious bullying at high school taking revenge on bullies after becoming an adult. The global streaming service giant said that the revenge series recorded some 25.4 million hours of viewing only three days after its release on December 30. The Glory was the third-most watched drama series on
January 4, 2023 -
Tesla fined $2.24 million for false advertising
SEOUL -- U.S. electric carmaker Tesla and its South Korean unit were slapped with a fine of 2.85 billion won ($2.24 million) on January 3 for false and misleading advertising. The Korea Fair Trade Commission (KFTC), an antitrust regulator in Korea, said that it has decided to impose the fine on Tesla, holding the global EV giant accountable for violating laws related to fair labeling and advertising as well as consumer protection in ecommerce. The KFTC said that Tesla was found t
January 4, 2023 -
Korean economy to grow less than 2% this year amid global slump
SEOUL -- The South Korean economy is forecast to grow less than 2 percent this year amid growing uncertainties and downside risks. The Ministry of Economy and Finance and the Bank of Korea (BOK) estimated this year's growth rate at 1.6 percent and 1.7 percent, respectively. These figures are lower than the International Monetary Fund's 2.0 percent projection for the Korean economy and the OECD's 1.8 percent. The Asian Development Bank (ADB) even came up with a much lo
January 4, 2023 -
[CES 2023] LG Electronics to disclose smart sleep care solution at CES
SEOUL -- At the Consumer Electronics Show, a global tech event to be held on January 5 in Las Vegas, LG Electronics will showcase a smart sleep care solution capable of helping users to sleep properly by analyzing sleep patterns. By wearing lightweight wireless earphones weighing about 0.01 pounds each, users can listen to different frequencies that would help them to fall asleep easily. The smart solution called "brid.zzz" records various sleep-related information such a
January 4, 2023
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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US political turmoil reflects our wider society – in 2024 and earlier elections
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
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Life expectancy in South Korea decreases for first time since 2000
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Lotte Rental achieves 'Baa3' credit rating from Moody's