Latest news
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Ericsson and SK Telecom commercialize new core network with bare metal cloud-native technology
SEOUL -- Through cooperation with Ericsson, a Swedish networking and telecom company, South Korea's top mobile carrier SK Telecom has commercialized a new core network that can greatly improve the distribution of new applications and the efficiency of traffic processing, securing the foundation for 6G evolution. A core or backbone network connects together different networks to transfer traffic at high speeds. Core networks focus on optimizing the performance and reliability o
July 21, 2022 -
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 -
[SUMMARY] Daily News Selection by Aju Business Daily on July 20, 2022
The following stories are the daily summary of news in South Korea on July 20, 2022. S. Korea succeeds first flight test of homemade KF-21 jet fighter SEOUL -- Through a 78-week project, South Korea succeeded in the first test flight of its homemade KF-21 jet fighter at an Air Force training base in the southern port city of Sacheon on July 19. The jet fighter with the nickname "Boramae," meaning young hawk in Korea, took off at 3:40 p.m. (2040 GMT) and landed at 4:
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
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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