Latest News
- BTS agency posts 7.6 percent drop in Q3 operating profit despite brisk sales SEOUL -- Hybe posted a 7.6 percent drop in operating profit in the third quarter of 2022 amid predictions that next year's earnings rate will be worse due to the enlistment of BTS members who accounted for up to 65 percent of sales. The multi-label agency anticipates better earnings in 2024 thanks to the good performance of rookies and other artists. Hybe's consolidated third-quarter sales were estimated at 445.5 billion won ($313.9 million), up 30.6 percent from a year ago, 3 November 2022
- Researchers discover method to quickly cultivate microalgal strain for biofuel production SEOUL -- A state-run research body in South Korea has discovered a method to quickly cultivate a microalgal strain from cyanobacteria, known as blue-green algae, that can produce twice as much biofuel as other microorganisms due to rapid proliferation. The study opened the way for researchers to commercialize cyanobacteria-based carbon-neutral fuels. Biofuel can be produced from plants or from agricultural and industrial biowaste. The two most common types of biofuel are bioethano 3 November 2022
- WeMade attracts new investment from Microsoft and domestic investors SEOUL -- WeMade, an online game developer that created "The Legend of Mir," a free-to-play fantasy massively multiplayer online role-playing game, has attracted strategic investment from Microsoft and two other domestic investors, shaking off skepticism among individual investors over its aggressive push for the establishment of a digital economy platform. WeMade said it has secured a fund of 66 billion won ($46 million) from Shinhan Asset Management, Kiwoom Securities and 3 November 2022
- Researchers develop AI voice recognition tech capable of understanding 24 languages SEOUL -- South Korean researchers have developed a conversational artificial intelligence technology that can understand up to 24 languages including Korean, English, Chinese, and Japanese. The AI can recognize voices in different languages and convert conversations into texts. The technology can be used for AI assistants, AI tutors, and other AI-based services. Voice recognition technology led by global tech companies such as Google, Microsoft, and Amazon, is widely used. Smart te 3 November 2022
- Doosan Enerbility's subsidiary in Vietnam to supply substructure for Orsted's offshore windfarms SEOUL -- Doosan Vina, the Vietnamese subsidiary of Doosan Enerbility, a power plant equipment manufacturer in South Korea, will supply a substructure for offshore windfarms to Orsted, a Danish power company involved in major offshore wind power projects in the world. Monopiles will be supplied for Orsted's offshore wind power projects in Southeast Asia and Europe. Doosan Enerbility said that a business agreement was signed between Doosan Vina and Orsted on the sidelines of a sus 3 November 2022
- Researchers develop mouthpiece-type LED oral cleaning device capable of alleviating gum inflammation SEOUL -- Researchers developed a mouthguard-like light-emitting diode-based oral care device to provide personalized care services depending on the oral structure. The smart care device is capable of controlling the amount of light required to remove harmful bacteria in the mouth and reduce the inflammation of gums caused by bacterial infection. It is difficult to completely remove germs just by using a toothbrush. Excessive toothbrushing can also generate side effects such as gum 2 November 2022
- Hanwha Systems clinches contract to provide thermal optic aiming devices for K15 light machine guns SEOUL -- Hanwha Systems, a key defense contractor affiliated with South Korea's Hanwha Group, has clinched an arms contract worth about 160 billion won ($113 million) to provide thermal optic aiming devices for K15 light machine guns. It is equipped with telescope sight so that users can quickly aim and shoot day and night. Under a contract with the Defense Acquisition Program Administration (DAPA), a state arms procurement body controlled by the defense ministry, Hanwha Systems 2 November 2022
- Naver Cloud builds real-time subway train monitoring platform in southern port city SEOUL -- Naver Cloud, a cloud computing service wing of South Korea's top web portal operator, commercialized a smart inspection platform for subway trains in the southern port city of Busan. The platform collects operation data and stores it in a cloud environment to predict possible malfunctions and take proper action. The condition-based maintenance (CBM) platform for the real-time monitoring of trains' operation data can communicate with drivers and make quick decisions 2 November 2022