Latest news
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Line Next attracts $10 million to establish new global NFT platform
SEOUL -- Line Next, a U.S.-based venture launched by Line Corporation, a Japan-based messenger app operator, has attracted a strategic investment of $10 million that will be spent on establishing a new global non-fungible token (NFT) platform. Line Next's NFT platform called "DOSI" will be launched in the first half of 2022. The platform will allow business operators and creators to build their own NFT brand stores and global communities. They will be provided with
July 13, 2022 -
Samsung Engineering wins $680 million contract for Shell's gas project in Malaysia
SEOUL -- Samsung Engineering, a construction and project management company in South Korea, has clinched a $680 million contract from a subsidiary of Britain's oil and gas company Shell for its onshore gas plant in Bintulu, a coastal town in the Malaysian state of Sarawak. Shell's subsidiary, Sarawak Shell Berhad (SSB), carries out the exploration and production of oil and gas on land and at sea. Commercial production at the Marjoram-Rosmari gas development project is to b
July 13, 2022 -
SK Innovation invests in U.S. bioenergy startup Fulcrum to acquire waste gasification technology
SEOUL -- SK Innovation, an intermediate holding company of SK Group, will invest $20 million in Fulcrum Bioenergy, a U.S. waste-to-fuel specialist that converts household garbage into low-carbon transportation fuels, to learn about waste gasification, which is seen as a promising technology in the waste-to-energy market. Waste gasification is a chemical process that can help turn biomass into synthetic gas (syngas) for refinery use or power generation. It will become a relatively
July 13, 2022 -
7-Eleven demonstrates drone delivery service for vacationers near Seoul
SEOUL -- Targeting vacationers who do not wish to leave their pension to shop for groceries, the South Korean operator of 7-Eleven, a convenience store franchise, has launched a pilot project to demonstrate a drone delivery service in a rural resort town northeast of Seoul. Delivery services using drones have been demonstrated in South Korea. The first commercial service made its debut in the southern port city of Busan in 2021 when a local service operator used a drone to carry l
July 13, 2022 -
[FOCUS] POSCO thinks about battery material exchange to reduce dependence on China
SEOUL -- As a solution to secure a stable supply chain of raw materials and check China's superior position in pricing, South Korea's leading steel group POSCO thinks about establishing an international commodity exchange specializing in materials for electric vehicle batteries. A specific plan may come after POSCO completes the review of related systems and laws, although it requires consent from South Korean battery makers and raw material companies, which are strugglin
July 13, 2022 -
GS Retail joins Modhaus project to create open architecture entertainment ecosystem
SEOUL -- Modhaus, which is regarded as a maverick record label and entertainment startup, got an important patron who will support the creation of an open architecture entertainment ecosystem that allows fans to participate in all the processes related to artists from album concept to training and planning. GS Retail, the operator of GS25, a leading convenience store chain in South Korea, sealed a business agreement with Modhaus on July 12 to push for a fan-participating idol pro
July 12, 2022 -
Hanwha Solutions' European unit works with German startup Enviria to push for solar energy projects
SEOUL -- Enviria, a solar energy startup in Germany, joined hands with the European unity of Hanwha Solutions, a chemical and energy company affiliated with South Korea's Hanwha Group, to push for 500-megawatt solar energy development projects in the European country. Enviria and Q Energy, the wholly-owned subsidiary of Hanwha Solutions, would jointly develop 38 solar power projects with a size of 2 to 70MW across Germany. The South Korean company said it would utilize Enviria
July 12, 2022 -
SM Entertainment partners with VR content startup to produce immersive content for artists
SEOUL -- AmazeVR, a virtual reality content startup headquartered in Los Angeles, tied up with a special purpose studio of SM, an entertainment powerhouse in South Korea, to set up a joint venture that would produce immersive VR concerts for K-pop and global artists. The joint venture tentatively named Studio A will be set up between SM's metaverse content production company, Studio Kwangya, and AmzeVR. Content will be distributed exclusively through their VR music metaverse s
July 12, 2022 -
BLACKPINK to host virtual in-game concert through PUBG Mobile ahead of comeback
SEOUL -- Ahead of its comeback in August, BLACKPINK will host a virtual "in-game concert" through the mobile version of "PlayerUnknown's Battlegrounds" (PUBG), a popular third-person shooter game. Users can watch the performance of 3D avatars representing BLACKPINK members. BLACKPINK will be the first K-pop act to showcase an in-game concert. YG Entertainment said the concert in PUBG Mobile is designed to provide an opportunity for artists and fans to commu
July 12, 2022 -
Researchers develop cellulose-based conductive anode binder material for all-solid-state batteries
SEOUL -- Researchers have developed an eco-friendly cellulose-based binder material for anode electrodes in all-solid-state secondary batteries. The simple and environmentally friendly production process of a binder material with a high energy density is ideal for mass production because it can be carried out in existing manufacturing facilities for lithium-ion batteries that use liquid electrolytes. All-solid-state batteries have a higher energy density than lithium-ion batteries
July 12, 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