Latest news
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Hanwha Systems cooperates with Britain's OneWeb to participate in Australia's military satellite internet project
SEOUL -- Hanwha Systems, a key defense contractor involved in the development of antennas in South Korea, will tap overseas defense markets, starting with Australia, through cooperation with OneWeb, a London-based communications company that has launched a network of low-orbit satellites for Internet services. At the Farnborough International Airshow, a trade exhibition in England, Hanwha Systems and the Australian unit of its sister company. Hanwha Defense, signed a memorandum of
July 21, 2022 -
Hanwha Q Cells agrees to acquire 66 percent of Lynqtech in Germany
SEOUL -- The renewable energy unit of Hanwha Solutions, a chemical and energy company affiliated with South Korea's Hanwha Group, will acquire a 66 percent stake in Lynqtech, a German cloud-based sales platform for energy service providers. Financial terms were not disclosed. A share purchase agreement was signed between the European branch of Hanwha Q Cells and Lynqtech, a subsidiary of German energy service provider Enercity. Lynqtech offers marketing, communication, business
July 21, 2022 -
LG Chem wins order to export phenol and acetone made with biomaterials
SEOUL -- LG Chem, a chemical unit of South Korea's LG Group, will export two eco-friendly compounds -- phenol and acetone -- that applied biomaterials such as used cooking oil. The products that won international certification will be used to produce high-functional plastics such as polycarbonate. Phenol is an aromatic organic compound used as a raw material for polycarbonate, a group of thermoplastic polymers used to produce vehicle parts. Resins produced from phenol are partia
July 21, 2022 -
Hanwha Aerospace ties up with Britain's Vertical to develop electro mechanical actuator for air taxis
SEOUL -- Hanwha Aerospace, an aircraft parts maker affiliated with South Korea's Hanwha Group, tied up with Vertical Aerospace, a British electric aviation company, to develop a high-performance electro mechanical actuator for air taxis and flying vehicles for urban air mobility, an ecosystem covering personal air vehicles and infrastructure. At the Farnborough International Airshow, a trade exhibition in England, Hanwha Aerospace said it has signed a joint cooperation agre
July 21, 2022 -
Military roadmap contains introduction of fuel cell propulsion for stealth tanks and mobile weaponry
SEOUL -- South Korea's new military roadmap for future weaponry came up with the idea of introducing a hydrogen fuel cell propulsion system for mobile weapon systems such as stealth tanks and securing technology on lightweight high-strength armor. The roadmap was presented by the Defense Acquisition Program Administration (DAPA), an arms procurement agency controlled by the defense ministry, on July 20 at a workshop attended by representatives from private defense companies a
July 20, 2022 -
KT accepts Medi Plus Solutions as new partner for telemedicine service in Vietnam
SEOUL -- As a new business partner for its telemedicine service in Vietnam, KT has allied with Medi Plus Solution, a mobile healthcare solution company affiliated with South Korea's Hyundai shipbuilding group, to develop and provide non-face-to-face management services for cancer patients in the Southeast Asian country. Under as a memorandum of understanding, KT and Medi Plus Solution would jointly develop non-face-to-face patient management services, verify services through loc
July 20, 2022 -
BTS label terminates contract with Le Sserafim's Kim Ga-ram over school bullying scandal
SEOUL -- Le Sserafim, a six-member girl group formed by Hybe's music label, saw the permanent departure of a 16-year-old member embroiled in her alleged school bullying, just two and a half months after its debut as a sister band of BTS. Source Music said it terminated an exclusive contract with Kim Ga-ram who has been plagued with allegations that she was involved in school bullying against her middle school friend in 2018. Le Sserafim has worked as a five-member group since
July 20, 2022 -
DL E&C jumps into SMR market in cooperation with Canada's Terrestrial Energy
SEOUL -- DL E&C, a builder in South Korea, jumped into the small modular reactor market through cooperation with Terrestrial Energy, a Canadian nuclear technology company that is developing a "burner" reactor employing a liquid fuel. Terrestrial Energy's integral molten salt reactor (IMSR) can be used to generate either electricity or industrial steam. DL E&C said it has signed a memorandum of understanding with Terrestrial Energy on the development of small m
July 20, 2022 -
Moderna works with state researchers in S. Korea to develop mRNA vaccine for SFTS
SEOUL -- Moderna, a pharmaceutical and biotechnology company in the United States, will work with a state research body in South Korea to develop a vaccine based on messenger ribonucleic acid (mRNA) for severe fever with thrombocytopenia syndrome (SFTS), a newly identified bunyavirus that appears to be carried by ticks. SFTS is a newly recognized viral hemorrhagic fever that was first identified in central China in 2009 and spread to some Asian countries. The virus has killed 277
July 20, 2022 -
Korea Seven releases smart integrated card with shape of traditional horse pass
SEOUL -- Korea Seven, the South Korean operator of global convenience store franchise 7-Eleven, released a new smart integrated card that has the shape of "Mapae," a horse pass issued to public officials when going on an official trip to regional areas during the Joseon dynasty that ruled the Korean peninsula from 1392 to 1897. The Mapae-shaped public transport card can be used for riding buses and subway trains. The rounded horse pass was a certificate mainly carried by
July 20, 2022
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Seoul unveils new slogan for iconic landmark 'Dongdaemun Design Plaza'
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VIDEO: Dongdaemun Design Plaza celebrates 10th anniversary
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Korean e-commerce firms vying to lure customers quitting Coupang over fee hike
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N. Korean leader inspects test-firing of new multiple rocket launcher shell
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Korean football team fails to qualify for Olympics for first time in 40 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