Latest news
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LG Chem and ADM to build joint ventures in Illinois for bioplastic material production
SEOUL -- Archer Daniels Midland, a major American grain processing company, set up two joint ventures with LG Chem, a chemical unit of South Korea's LG Group, for the production of corn-based raw materials for bioplastics that produce fewer greenhouse gases and can be naturally degraded through microorganisms. The production base will be located in Decatur, Illinois. "GreenWise Lactic," the first joint venture of ADM and LG Chem, will produce up to 150,000 tons of lact
August 16, 2022 -
SK Group makes $250 million equity investment in U.S. reactor developer TerraPower
SEOUL -- South Korea's SK Group has made a $250 million equity investment in TerraPower, an American nuclear reactor design and development engineering company founded by Bill Gates, as part of efforts to achieve "Net Zero" which means cutting greenhouse gas emissions to as close to zero as possible. SK Group and TerraPower have pushed for cooperation in the development and commercialization of next-generation small modular reactors (SMRs) that can address the limita
August 16, 2022 -
[SUMMARY] Daily News Selection by Aju Business Daily on August 9, 2022
SEOUL -- The following stories are the daily summary of news in South Korea on August 9, 2022. Seoul experiences greatest downpour in 80 years Seoul and its surrounding cities have experienced the greatest downpour in 80 years, which has inundated homes, cars, buildings, and subway stations and left seven people dead and six more missing. Parts of Seoul, the western port city of Incheon, and the surrounding Gyeonggi Province had severe rainfall of over 100 millimeters per hour
August 9, 2022 -
Exhibition-goers increase by 59 percent in 2022 due to loosened quarantine regulations
SEOUL -- The number of South Korean exhibition-goers who visit venues such as art galleries and art museums significantly increased in 2022 thanks to eased government COVID-19 regulations that allowed people to visit art halls and exhibition centers. In 2020 and early 2021, the government regulated offline event venues to have less than 100 visitors at a time. Data released by Interpark, a popular online ticket seller, on August 9 showed that the number of people who made reservat
August 9, 2022 -
Samsung releases smart family care service capable of monitoring vulnerable elderly residents living alone
SEOUL -- Samsung Electronics released a smart family care service capable of monitoring family members living alone or far away by checking how often they use the refrigerator. The refrigerator can notify other family members through smartphone messages if the door of the fridge was not opened for a long time. The number of single-person households has been rapidly increasing in South Korea with a population of about 52 million. According to data released by the national statistics
August 9, 2022 -
S. Korean herbicide makes foray into Malaysia targeting oil palm farms
SEOUL -- Widex, a weed-killer product developed by Farm Hannong, a herbicide and fertilizer company in South Korea, has been registered as a herbicide product in Malaysia. The Southeast Asian country is the world's second-largest palm oil producer Widex will be used to control weeds without causing any damage to humans and animals. Widex contains 70 percent of Terrad'or, herbicide material used to inhibit chlorophyll formation in weeds and generates active oxygen to destroy
August 9, 2022 -
Researchers develop special electrode-coating technique to improve green hydrogen production performance
SEOUL -- South Korean researchers have developed a coating technique that will grant electrodes used in green hydrogen production to have gas-repellant properties. The so-called superaerophobic characteristics can enhance the electrochemical performance of electrodes. The production of aerophobic material-coated electrodes is very simple and cheap compared to similar conventional techniques. Green hydrogen is produced through electrolysis using electricity generated from renewabl
August 9, 2022 -
[SUMMARY] Daily News Selection by Aju Business Daily on August 8, 2022
SEOUL -- The following stories are the daily summary of news in South Korea on Aug 8, 2022. President Yoon's approval rating drops below 30 percent Just three months after taking office, President Yoon Suk-yeol's approval rating dropped below 30 percent due to a strong backlash to a proposed education policy and leadership uncertainty within the ruling party. Through a survey of 2,528 people conducted by pollster Realmeter from August 1 to august 5, 29.3 percent said th
August 8, 2022 -
Resort island Jeju deploys safety drone capable of dropping rescue tubes in case of emergency
SEOUL -- To prevent various safety accidents, South Korea's southern resort island of Jeju deployed a hydrogen fuel cell drone to a famous beach visited by about 200,000 people every year. The safety drone can notify visitors using a speaker in case of an emergency and drop a lifeguard rescue tube to save a drowning person. Hydrogen fuel cell drones are more advantageous in the operating time and flight distance than battery-powered unmanned flying vehicles because hydrogen f
August 8, 2022 -
Shinsegae's ready-to-cook frozen bakery products garner popularity among younger generations
SEOUL -- Frozen bakery products released by Shinsegae Food, a food company affiliated with South Korea's retail giant Shinsegae Group, are gaining popularity thanks to the increasing number of South Korean millennials and generation Z who prefer bakery products to rice. Rice is regarded as South Korea's staple food. Data released by Euromonitor, a market research firm, showed that South Korea's bakery market grew from 3.7 trillion won ($2.86 billion) in 2015 to 4.3 tri
August 8, 2022
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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