Latest news
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SM-LG home fitness service targets global market with K-pop and dance content
SEOUL -- SM, an entertainment powerhouse in South Korea, partnered with LG Electronics to launch a home fitness service that would contain various content such as K-pop and dance-based exercises. LG's platform technology and SM's K-pop content capabilities will be combined for differentiated services. In a ceremony on June 30, SM Entertainment LG Electronics launched a joint venture named "Fitness Candy" and disclosed their goal to compete with Apple's subscri
June 30, 2022 -
Hyundai Robotics' quarantine robot uses plasma and UVC LED sterilization.
SEOUL -- An autonomous quarantine robot developed by Hyundai Robotics is ready for commercial operation. It can conduct face-to-face quarantine activities in the lobby and passageways of buildings using plasma and ultraviolet-C light-emitting diode (LED) sterilization. Hyundai Robotics, a robot maker affiliated with South Korea's top shipbuilding group, would release its new quarantine robot on July 1. Plasma sterilization removes various harmful bacteria and discharges purified
June 30, 2022 -
Daewoo shipyard works with university to develop radiated noise reduction technology
SEOUL -- Daewoo Shipbuilding & Marine Engineering, a major shipbuilder in South Korea, will carry out a joint study with a national university on technologies to reduce anthropogenic noise that has threatened underwater wildlife, responding to an international campaign to tighten relations on marine environmental protection. Daewoo Shipbuilding & Marine Engineering (DSME) said that its joint research with Mokpo National Maritime University is expected to advance noise pred
June 30, 2022 -
Samsung Engineering acquires stake in Vietnam's water treatment company DNP Water
SEOUL -- Samsung Engineering, a construction and project management company in South Korea, has acquired a 24 percent stake in DNP Water, a leading private water treatment company in Vietnam, for $41 million. Vietnam will be used as a regional base for business expansion into neighboring countries. The Vietnamese government has called for bigger private funding to meet growing demands for clean water and piped water. DNP Water has expanded urban water treatment and supply faciliti
June 30, 2022 -
LG Chem leads project to recover resource in cement production
SEOUL -- South Korean cement companies are expanding the use of waste plastic with high bio-mass content as an alternative fuel to reduce greenhouse gas emissions from the heating of limestone, the burning of fossil fuels, and a chemical process called calcination. Burning waste plastics produces chlorine dust, a byproduct that cannot be recycled. Chlorine components attached to the walls of cement preheaters also reduce the utilization of production facilities. LG Chem tied up wit
June 30, 2022 -
POSCO Chemical partners with British startup Britishvolt to develop and supply battery materials
SEOUL -- POSCO Chemical, a unit of South Korea's top steel group POSCO, has secured a new partner for the expansion of its business in Europe through a deal with Britishvolt, a battery startup based in Britain, to develop and supply materials for electric vehicle batteries. Under a memorandum of understanding, the two companies agreed to cooperate on the joint development of battery materials to be used in Britishvolt's batteries and promote supply contracts. Along with t
June 30, 2022 -
LGES signs deal to receive battery materials from U.S-based Compass
SEOUL -- In an effort to establish a stable supply network in North America, LG Energy Solution, the battery-making wing of South Korea's LG Group, has secured a seven-year deal from Compass Minerals, a U.S. provider of essential minerals, to receive key raw materials for lithium-ion batteries. Under a memorandum of understanding, LG Energy Solution (LGES) would receive as much as 40 percent of Compass Minerals' planned annual phase-one lithium carbonate and lithium hydro
June 30, 2022 -
Lotte Chemical secures stable supply of four raw materials for electrolyte organic solvents
SEOUL -- Lotte Chemical, a major chemical company in South Korea, will produce four core materials for electrolyte organic solvents to have a competitive business structure and a stable supply of core raw materials for electric vehicle lithium-ion batteries. Lotte Chemical said it would produce ethyl methyl carbonate (EMC) and diethyl carbonate (DEC) through its own technology development for the first time in South Korea. EMC is a low viscosity solvent, generally prepared by the es
June 29, 2022 -
SK materials and Japanese partner consider joint entry into U.S. semiconductor material market
SEOUL -- SK materials, a major special gas producer in South Korea, and its Japanese partner, Showa Denko, proposed the idea of making their joint entry into the U.S. semiconductor material market, pointing to growing demands caused by a U.S. government campaign to strengthen domestic capabilities in manufacturing high-tech technologies. The two companies signed a memorandum of understanding at the head office of Showa Denko on June 29 to consider entering North America with semic
June 29, 2022 -
S. Korea's first homemade COVID-19 vaccine secures final state approval for manufacturing and sales
SEOUL -- South Korea's first homemade COVID-19 vaccine developed by SK Bioscience secured final state approval for manufacturing and sales at home and abroad. SK Bioscience will seek to get its vaccine listed by the World Health Organization for emergency use. The Ministry of Food and Drug Safety, a government public health agency, said it has approved the manufacturing and sales of SK Bioscience's vaccine codenamed GBP510 as a condition of submitting the final result repor
June 29, 2022
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Korea reports world's first demonstration of integrated operation of urban air mobility systems
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SNU professor to spearhead Korea's inaugural space agency
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HD Hyundai establishes new headquarters for marine energy businesses
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Video streaming services in Korea sharply raise subscription fees
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Korea launches first nanosatellite in New Zealand
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Pinkfong creates Baby Shark-themed musicals to captivate global fans
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LG Electronics, Kakao Mobility collaborate on delivery robot service
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Analysts predict poor earnings for major Korean game publishers in first quarter
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Carmakers, tech firms gather in Seoul for premier industry show
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Label control battle casts shadow over NewJeans' comeback