Latest news
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KT teams up with health food company to provide nutritional management services in Vietnam
SEOUL -- South Korea's top telecom company KT will work with Daesang Wellife, a domestic health food company that produces meals for patients, to create a digital platform that provides nutritional management services for patients suffering from cancer in Vietnam. Personalized meals will be provided based on the physical condition of patients. Daesang Wellife is known for its brand called, "New Care," which contains essential nutrients for patients who cannot eat on
November 7, 2022 -
GS Caltex works with Aekyung Chemical to localize refrigerating machine oil for home appliances
SEOUL -- GS Caltex, a major refiner in South Korea, partnered with Aekyung Chemical, a domestic manufacturer of basic organic chemicals, to localize the production of refrigerating machine oil for home electronic appliances, which have been heavily dependent on imported products. With Aekyung's base oil, the refiner will produce finished products. Refrigerating machine oils are used in air conditioning systems and compressors that use refrigerants. Compatibility is important b
November 7, 2022 -
Hyundai Glovis jumps into renewable energy business using pent electric vehicle batteries
SEOUL -- Hyundai Glovis, the logistics wing of South Korea's Hyundai auto group, jumped into a renewable energy business using pent electric vehicle batteries for residents in remote islands, which have relied on internal combustion engines to generate electricity. Hyundai Glovis said it has signed a business agreement LS Electric, a. manufacturer of electrical power equipment, and Korea Hydro & Nuclear Power (KHNP), the state-run operator of nuclear power plants, for
November 7, 2022 -
SK on signs five-year contract to receive key lithium battery material from Chile's SQM
SEOUL -- SK on, a battery maker affiliated with South Korea's SK Group, has signed a five-year contract to receive about 57,000 tons of lithium hydroxide, a key material for electric vehicle batteries, from SQM, a Chilean supplier of plant nutrients, iodine, lithium and industrial chemicals, as part of efforts to reduce its reliance on Chinese raw materials regulated by a U.S. inflation reduction act. Shipment is to begin in 2023. SK on said that the two sides would discuss futu
November 7, 2022 -
Researchers develop highly efficient and stable perovskite solar cells using new technique
SEOUL -- South Korean researchers have developed highly efficient and stable perovskite solar cells using a special technique to create a layer between cell components that would prevent energy loss when solar cells absorb sunlight and convert it to electricity. Currently, silicon-based solar cells are widely used but their maximum energy conversion efficiency is about 30 percent based on the assumptions of perfect sunlight absorption and no energy loss due to non-radiative charg
November 4, 2022 -
Virtual face creator app 'VeryMe' adopts guidelines to address ethical and legal concerns
SEOUL -- LionRocket, an artificial intelligence startup in South Korea, issued ethical guidelines on the use of "VeryMe," the world's first virtual face creator app that allows users to create and use their own unique virtual face based on their real face, to address ethical and legal concerns that may arise from the use of new technologies. VeryMe, unveiled in September 2022, is the first app in the industry to create a virtual face for ordinary people who want to h
November 4, 2022 -
AI-based smart radar sensors installed to protect state seed vault for preserving biodiversity
SEOUL -- LG Uplus has launched an AI-based smart radar service at South Korea's only seed vault, which is run by a state arboretum in a mountainous area to store seeds donated by institutions from all over the world and preserve biodiversity. Smart radar sensors were installed at the seed vault's entrance and archives to automatically detect the movement and location of intruders. A smart radar system in a toilet used by visitors can quickly recognize safety accidents. The
November 4, 2022 -
Demonstration center for autonomous boast starts operation in southern port city
SEOUL -- A demonstration center for autonomous vessels was placed into operation in the southern port city of Ulsan, serving as South Korea's main intellectual hub for acquiring core self-saling technologies. Thanks to the development of artificial intelligence and super-fast processor chips, the global autonomous vessel market is estimated to reach $3.9 billion by the end of 2022. The market for self-sailing ships will grow at an annual average growth rate of 9.6 percent to re
November 3, 2022 -
BTS agency posts 7.6 percent drop in Q3 operating profit despite brisk sales
SEOUL -- Hybe posted a 7.6 percent drop in operating profit in the third quarter of 2022 amid predictions that next year's earnings rate will be worse due to the enlistment of BTS members who accounted for up to 65 percent of sales. The multi-label agency anticipates better earnings in 2024 thanks to the good performance of rookies and other artists. Hybe's consolidated third-quarter sales were estimated at 445.5 billion won ($313.9 million), up 30.6 percent from a year ago,
November 3, 2022 -
Researchers discover method to quickly cultivate microalgal strain for biofuel production
SEOUL -- A state-run research body in South Korea has discovered a method to quickly cultivate a microalgal strain from cyanobacteria, known as blue-green algae, that can produce twice as much biofuel as other microorganisms due to rapid proliferation. The study opened the way for researchers to commercialize cyanobacteria-based carbon-neutral fuels. Biofuel can be produced from plants or from agricultural and industrial biowaste. The two most common types of biofuel are bioethano
November 3, 2022
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Teaser video for NewJeans' collaborated song with Japanese artist creates buzz
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'Trump factor' weighs on defense cost talks
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LG Chem to share water purification technology with Saudi Arabia
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Korea's Ramyeon exports hit record high in first quarter
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Yoon, opposition leader sit down for talks for first time
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Price of Korean seaweed skyrockets amid growing demand overseas
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Dongwon F&B, Konkuk University join hands to develop safe pet food
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Korea sees 22% surge in moonlighting workers during 1st quarter
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Korea Western Power secures electricity supply deal in UAE
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Seoul unveils new slogan for iconic landmark 'Dongdaemun Design Plaza'