Latest news
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POSCO earmarks $1.09 billion to boost lithium hydroxide production in Argentina
SEOUL -- POSCO has earmarked $1.09 billion to produce 25,000 tons of lithium hydroxide, an inorganic compound used for electric vehicle batteries, in Argentina. The steel group has purchased lithium mining rights in a salt lake for $280 million to become a global player in the battery material market. POSCO Holdings, the group's holding company, has revealed a goal to produce 610,000 tons of cathode materials, 320,000 tons of anode materials, 300,000 tons of lithium and 22,000
October 11, 2022 -
Lotte Chemical acquires Iljin Materials to expand battery material business
SEOUL -- Lotte Chemical, a major chemical company based in South Korea, acquired a controlling 53.3 percent stake in Iljin Materials, the domestic producer of thin copper foils, for 2.7 trillion won ($1.9 billion) to accelerate the overseas expansion of its battery material business. At factories in South Korea and Malaysia, Iljin is capable of producing some 60,000 tons of thin copper foils. In June 2022, the company clinched a long-term order worth 8.52 trillion won from Samsung S
October 11, 2022 -
Game developer Neowiz ties up with Netflix to provide clicking game 'Cats & Soup'
SEOUL -- "Cats & Soup," a mobile game created by South Korea's online game publisher Neowiz, will become the first Korean game to be played on the world's most popular video platform Netflix. Users will be able to enjoy the clicker game, which requires players' simple actions such as repetitive clicking, without spending their time on in-game advertising and in-app purchases. In Cats & Soup, various cats cook and sell different food such as soup and fr
October 11, 2022 -
Hanwha Defense's multi-purpose unmanned ground vehicle chosen for U.S. performance tests
SEOUL -- An advanced multi-purpose unmanned ground vehicle developed by Hanwha Defense, a South Korean defense company known for K9 self-propelled howitzers and infantry fighting vehicles, has been chosen for performance tests in the United States, paving the way for potential cooperation with the U.S. military’s future modernization programs. This is the first time that a South Korean unmanned weapon system has joined the U.S. Army’s competitive field test and evaluat
October 11, 2022 -
Shell and DNV work with S. Korean companies to demonstrate SOFC on LNG carrier
SEOUL -- Shell, a global energy and petrochemical group, formed a consortium with DNV, a classification society based in Norway, and three South Korean companies to develop fuel cells as an auxiliary power unit. It will be demonstrated on a trade route for one year from 2025 by mounting a 600-kilowatt solid oxide fuel cell system on a 174,000 cubic meter liquefied natural gas carrier. SOFC is an electrochemical conversion device that produces electricity directly from oxidizing a
October 11, 2022 -
Girl band Le Sserafim collaborates with American artist Salem Ilese for new album
SEOUL -- Le Sserafim, a five-member girl group formed by Hybe's music label, will expand its overseas fanbase by collaborating with Salem Ilese, an American singer and songwriter. The sister band of BTS has already worked with Moroccan-American pop artist ABIR for its debut album released on May 2. According to Source Music, the rookie group's second mini album titled "ANTIFRAGILE" will be released on October 17 in collaboration with Ilese. On October 8, a video
October 11, 2022 -
SK siltron and Britain's IQE work together to develop GaN wafers targeting Asian markets
SEOUL -- SK siltron, a wafer company affiliated with South Korea's SK Group, has forged strategic ties with IQE, a British semiconductor company that manufactures advanced epitaxial wafers, to develop and commercialize compound semiconductor products mainly targeting Asian markets. Epitaxy refers to a type of crystal growth or material deposition in which new crystalline layers are formed with one or more well-defined orientations with respect to the crystalline seed layer. Th
October 11, 2022 -
Hyundai Mobis' new infotainment platform debuts at trade fair in Germany
SEOUL -- An integrated next-generation infotainment platform, developed jointly by Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, and its Swiss partner Luxoft, made its debut at an automotive trade fair in Germany. It is user-friendly by focusing on providing virtual personal assistants and artificial intelligence-based customized content. Hyundai Mobis described its Mobis infotainment system (MIS) introduced at the International Suppliers Fair (IZB)
October 11, 2022 -
Researchers develop smart mold system capable of measuring concrete solidity using ultrasonic waves
SEOUL -- To prevent tragic accidents caused by unexpected building collapses, researchers have developed a smart mold system that measures the solidity of concrete using ultrasonic waves. Inspectors can immediately check the solidity using the internet of things-based mold system with smartphones. A mold is a structure temporarily installed to create concrete structures into predetermined shapes. When the concrete hardens, the mold should be dismantled. However, it's been diffi
October 7, 2022 -
[FOCUS] Pyonyang's missile launch re-ignites debate over S. Korea's nuclear armament
SEOUL -- Under a mutual defense pact, the United States has closely monitored South Korean defense programs, especially in the fields of strategic weapons such as missiles and nuclear arsenal. Seoul took off fetters that have restricted missile development in 2021, but Washington maintains a stubborn nuclear policy, refusing to revise a 2015 accord that has effectively restricted the development of reprocessing facilities to acquire enriched uranium as fuel. South Korea has been on
October 7, 2022
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Korea reports world's first demonstration of integrated operation of urban air mobility systems
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SNU professor to spearhead Korea's inaugural space agency
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HD Hyundai establishes new headquarters for marine energy businesses
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Video streaming services in Korea sharply raise subscription fees
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Korea launches first nanosatellite in New Zealand
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Pinkfong creates Baby Shark-themed musicals to captivate global fans
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LG Electronics, Kakao Mobility collaborate on delivery robot service
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Analysts predict poor earnings for major Korean game publishers in first quarter
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Carmakers, tech firms gather in Seoul for premier industry show
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Label control battle casts shadow over NewJeans' comeback