Latest News
- Blockchain mainnet XPLA forges partnership with Swiss blockchain gaming company Xterio SEOUL -- XPLA, a blockchain mainnet built by South Korea's game development and publishing company Com2uS and partners, has forged a strategic partnership with Xterio, a blockchain gaming company based in Switzerland, to expand its Web 3.0 ecosystem. The partnership came after Xterio raised $40 million in a funding round led by investors including XPLA. Xterio, a cross-platform publisher and developer of high-quality mobile and web3 games, will release new Web3 games t 29 September 2022
- Researchers recommend recycling of waste fishing nets into hybrid fiber-reinforced cementitious composites SEOUL -- As a solution to reduce marine pollution, South Korean researchers recommend the recycling of waste fishing nets and ropes collected from coastal waters and fish farms into hybrid fiber-reinforced cementitious composites that can be applied to marine and port concrete structures. About 50 percent of ocean waste in South Korea comes from fishing nets and plastic buoys. "Ghost nets," which are abandoned or lost fishnets made of nylon, damage fish stock and destro 29 September 2022
- Lotte Chemical produces polycarbonate using pyrolysis oil-based naphtha SEOUL -- Lotte Chemical, a major chemical company based in South Korea, has produced polycarbonate, a high-value-added petrochemical product, by using pyrolysis oil-based naphtha made by recycling waste plastic. Polycarbonates are strong, tough materials with many applications. They are easily worked, molded, and thermoformed. Pyrolysis is a chemical recycling process that can convert plastics into high-quality oil using extreme heat and pressure. Recycled oil is processed into me 28 September 2022
- KT ties up with U.S. entertainment company AMC for joint content production SEOUL -- South Korea's top telecom company KT teamed up with AMC Networks, a U.S. cable channel known for its global hit drama "Walking Dead," to push for joint content production and exclusively provide a subscription video service through internet protocol TV. In the first step of cooperation, six AMC dramas including the latest version of "Walking Dead" and "Interview with the Vampire," a horror fiction series, will be serviced on KT's IPTV. 28 September 2022
- Youl Chon clinches $1.04 billion windfall contract to supply key material to LGES-GM joint venture SEOUL -- Youl Chon, a medium-sized company in South Korea, has clinched a six-year windfall contract worth $1.04 billion to supply a key material for lithium-ion batteries to a joint venture between General Motors and its Korean partner, LG Energy Solution. It marked the first case of aluminum pouch film mass production in South Korea. Pouch film production has been dominated by Japanese companies. Youl Chon said in a regulatory filing on September 28 that it would ship aluminum pou 28 September 2022
- POSCO works with domestic hydrogen producer to push for CCU-based blue hydrogen business SEOUL -- South Korea's steel group, POSCO, joined hands with Approtium, a domestic hydrogen producer, to jointly push for a blue hydrogen business based on carbon capture utilization and produce 40,000 tons of hydrogen annually. They will promote joint research on the overseas production of blue ammonia for use in South Korea. Blue hydrogen is produced by applying carbon capture and storage to reduce CO2 emissions. The steel group has tried to develop technologies for extracti 28 September 2022
- SK Telecom uses AI to create optimized virtual power plants SEOUL -- Under a business agreement for technology development with domestic partners, SK Telecom, a leading mobile carrier in South Korea, will use artificial intelligence and new technologies to predict the amount of renewable energy generation and power demand scattered in each region and create optimized virtual power plants. A virtual power plant (VPP) harnesses scattered renewable energy power generation to a network for maximum efficiency using new technologies such as artifi 28 September 2022
- Norway's Kongsberg partners with Hyundai Rotem to develop unmanned turrets and drone protection systems for next-generation tanks SEOUL -- Kongsberg Defence & Aerospace (KDA), a Norwegian supplier of defense and space-related systems and products, has established a strategic partnership with Hyundai Rotem, the producer of South Korea's main battle tank, K2 Black Panther, to develop unmanned turrets and drone protection systems to be installed in next-generation tanks and wheel-type armored vehicles. KDA products such as digital integrated systems would be applied to Hyundai Rotem's K2 tanks and K 28 September 2022