Latest News
- Neubility works with insurance company to provide insurance for accidents involving autonomous robots SEOUL -- To efficiently handle accidents caused by autonomous robots, Neubility, an autonomous robot startup in South Korea, partnered with a major domestic insurance company to provide a comprehensive insurance service. Compensation for personal injuries and property damage will be provided in accidents involving autonomous robots. Neubility signed an agreement with Dongbu Insurance to operate insurance services for accidents generated by indoor and outdoor self-driving robots. In 31 October 2022
- Ceremony held to break ground for first research institute on dismantling nuclear power plants SEOUL -- The construction of South Korea's first research institute on the dismantlement of nuclear power plants began amid concerns over radioactive waste in decommissioning old reactors. South Korea has 24 reactors in operation, which meet one-third of the country's power needs. An aging reactor in the Gori nuclear power complex near the southeastern port of Busan is to be permanently shut down in 2017. For decades, South Korea, which has almost no reserves of fossil f 31 October 2022
- Hyundai Motor's hexagonal-shaped future city concept inspired by honeycomb pattern SEOUL -- A smart city reference model designed by South Korea's Hyundai auto group minimizes environmental damage by limiting development areas and preventing indiscriminate expansion. Inspired by a honeycomb pattern, the concept is a hexagonal-shaped urban development with a human-centered surface layer and a functional underground layer. The auto group unveiled a virtual public exhibition of the concept that envisions a sustainable green city where large natural areas are p 31 October 2022
- At least 149 killed in stampede during Halloween night festival near central Seoul SEOUL -- At least 149 people have been killed and 76 others injured during a deadly stampede in Itaewon, a district near central Seoul, when more than 100,000 people flocked to the party district late at night to celebrate Halloween. Firefighters estimated that the majority of the victims were teenagers and in their 20s. The tragic accident took place on a Saturday night at about 10:20 p.m. (1320 GMT) when partygoers were flocking to the area near a subway station in Itaewon. Huge 30 October 2022
- Finland and S. Korea hold policy consultations on disposal of radioactive waste SEOUL -- South Korea held policy consultations with Finland to see if the Northern European nation could become a reliever in the delayed construction of a permanent underground storage site for high-level radioactive waste such as spent fuel, which has piled up to the neck of temporary storage facilities at nuclear power plants due to a hard-shell attitude of nearby residents and environmental activists. At a meeting on October 28, policymakers from South Korea's Ministry of Tr 28 October 2022
- BTS Jin releases first single album ahead of enlistment in collaboration with Coldplay SEOUL -- Jin, the eldest member of BTS, rolled out "The Astronaut," a first solo single co-written by British rock band Coldplay, ahead of his conscription for South Korea's mandatory military service. The pop-rock song will be performed at Coldplay's concert in Buenos Aires. "The song captures the ears of listeners and the hearts of BTS' fan ARMY as Jin participated in writing the lyrics expressing his fondness for fans," Jin's agency, Big Hit M 28 October 2022
- KAI clinches new deal to produce attack helicopters for marine force SEOUL -- Korea Aerospace Industries (KAI), the sole aircraft maker in South Korea, has clinched a deal worth about 430 billion won ($303 million) from a state arms procurement agency to convert a homemade landing helicopter for marine troops into an attack helicopter armed with air-to-air guided missiles, a turret-type machine gun, rockets, and air-to-ground guided missiles. Three prototypes will be made for 46 months, using Marineon, the amphibious variant of South Korea's hom 28 October 2022
- POSCO opens solid electrolyte factory with initial production of 24 tons per year SEOUL -- South Korea's leading steel group POSCO opened a solid electrolyte factory capable of producing 24 tons per year. The group will expand production gradually as part of its strategy to become a global player in the battery material market. The solid electrolyte factory in Yangsan, some 290 kilometers (180 miles) southeast of Seoul, will be jointly run by POSCO Holdings and Jeong Kwang, a domestic solid electrolyte material manufacturer, which set up a joint venture name 28 October 2022