Latest news
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GS Caltex partners with Nestle to upcycle plastic coffee capsules into composite resins
SEOUL -- GS Caltex, a major refiner in South Korea, partnered with Swiss multinational food and drink giant Nestle to create eco-friendly composite resins by upcycling plastic coffee capsules. Upcycled resins can be used as raw materials for various products such as automotive interior and exterior parts and home appliances. As part of a project to reduce carbon emissions, GS Caltex will process and produce plastic capsules sold by Dolce Gusto, a coffee capsule brand owned by Nestl
August 4, 2022 -
[FOCUS] Premature concerns grow over low-cost offensive by Chinese electric vehicles
SEOUL -- There has been no change in the public perception of cheap Chinese products that have largely failed to satisfy picky South Korean consumers so far. However, premature concerns are growing in the domestic car industry that Chinese electric vehicles may make quick inroads by pouring out various models and with their low-cost offensive based on the economy of scale achieved on their home turf. Experts recommend a major overhaul of subsidies to prevent Chinese and other import
August 4, 2022 -
S. Korean university hospital to set up virtual clinic in metaverse
SEOUL -- A university hospital will build a metaverse clinic where patients can receive various medical services without visiting doctors in collaboration with Deltoid, a digital healthcare service provider in South Korea. Academic programs with foreign medical experts will be conducted in a virtual space that has no time or space restrictions. Chosun University Hospital, based in the southwestern city of Gwangju, partnered with Deltoid to set up a virtual hospital in the metaverse
August 3, 2022 -
Overseas sales of homemade craft beer from S. Korea up due to growing popularity
SEOUL -- The operator of South Korea's convenience store franchise GS25 jacked up its sales target abroad with homemade craft beer thanks to their rising popularity. GS25's beer is now available in 13 countries including Germany, France, Switzerland and Australia. According to the Korea Craft Brewers Association, the domestic craft beer market was valued at 118 billion won ($90 million) in 2020, up 47.5 percent from a year earlier. Exports of GS Retail's beer soared fro
August 3, 2022 -
Doosan Enerbility clinches $641 million order to build desalination plant in Saudi Arabia
SEOUL -- Doosan Enerbility, a key player in South Korea's power industry, has clinched an order worth 840 billion won ($641 million) to build a seawater desalination plant capable of producing 600,000 tons of water a day in Saudi Arabia. Doosan Enerbility said it has won an order from a special purpose company established by ACWA Power, a Riyadh-based developer of power generation and desalinated water production plants, to build a reverse osmosis facility in Shoaiba south of
August 3, 2022 -
Petronas joins hands with S. Korean companies to push for cross-border CCS project
SEOUL -- Petronas, a Malaysian state oil and gas company, joined hands with six South Korean companies to push for a cross-border project that will store captured carbon dioxide near an oil block off the northwest coast of Borneo. Malaysia was seen as the best location considering its carbon storage capacity and geographical accessibility. The Shepherd CCS project is aimed at securing stable overseas carbon storage space, SK energy, an oil refining company in South Korea, said, addi
August 3, 2022 -
SK nexilis acquires technology to produce ultra-high strength copper foil
SEOUL -- SK nexilis, a subsidiary of SKC, a chemical material unit of South Korea's SK Group, has acquired technology to produce an ultra-high strength copper foil product for electric vehicle batteries. The new product can withstand more than twice the pulling force compared to existing standard products. Battery foils made of aluminum and copper are used as anodes and cathodes for secondary batteries. Foils work as the bridge between external components and internal lithium-
August 2, 2022 -
Hyundai Motor's fuel cell truck secures new clients in Germany
SEOUL -- A fuel cell truck developed by South Korea's Hyundai auto group is gaining popularity in overseas markets by securing new customers in Germany following the first shipment of its modified Xcient model to Switzerland two years ago. The group aims to secure more clients in other European countries. Hyundai has modified its Xcient truck to produce a fuel cell model capable of delivering a travel range of about 400 kilometers (248 miles) on a single charge. The group starte
August 2, 2022 -
POSCO pushes for low-carbon HBI production with Brazilian partner Vale
SEOUL -- South Korea's steel group, POSCO, will push for the production of low-carbon hot briquetted irons in cooperation with its long-term partner, Vale S.A., a major iron ore miner in Brazil. By the end of 2022, they would complete basic reviews such as location, size, production method, and economic viability. The hot briquetted iron (HBI) is a compacted form of direct reduced iron produced from the direct reduction of iron ore into metallic iron by a reducing gas or eleme
August 2, 2022 -
POSCO E&C uses waste plastic and steel slag to develop recyclable, efficient mold
SEOUL -- POSCO Engineering & Construction, a construction arm of South Korea's top steelmaker POSCO, has developed a recyclable eco-friendly concrete mold using waste plastic and steel slag. It is thinner, lighter and more durable, and more efficient than conventional wood plywood molds. POSCO E&C said it has worked with Iomtek, an in-house venture that manufactures products with better quality and higher environmental value beyond recycling wasted resources. Iomtek cre
August 2, 2022
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Korean football team fails to qualify for Olympics for first time in 14 years
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Seoul aims to revitalize Han River into leisure, tourism hub
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Education startup Mathpresso makes TIME's top edutech company list
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Vietnamese schools adopt AI-based Korean learning platform
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VISUALS: Premier electric vehicle fair underway in Seoul
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HYBE takes legal action against NewJeans agency CEO amid management control feud
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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