Latest news
-
Samsung Electronics proposes considering all available bands for 6G
SEOUL -- In a white paper, Samsung Electronics has proposed considering all available bands for 6G, from the low band under one gigahertz (GHz) to the high band in the 24-300 GHz range, saying the era of 6G is set to connect as many as 500 billion devices, with vehicles, appliances and even buildings being connected to a super-fast communications network. GHz is a unit of frequency equal to one billion hertz. The mid-band within the 7-24 GHz range is a candidate that can support f
May 9, 2022 -
New U.S. spy plane deployed to support U.S. Army missions in Indo-Pacific
SEOUL -- A new spy plane developed by L3Harris Technologies has been deployed in support of U.S. Army military mission in the Indo-Pacific region. The new aircraft with greater capability and increased standoff ranges than the RC-12 Guardrail platform in service for decades can fly for up to 14 hours at altitudes above 12.5 kilometers (41,000 feet). The new aircraft would help U.S. troops based in South Korea to enhance airborne intelligence, surveillance and reconnaissance (ISR) ca
May 6, 2022 -
Lotte Insurance releases indemnity insurance plan for service robots
SEOUL -- Lotte Insurance, the insurance wing of South Korea's conglomerate Lotte Group, has partnered with a service robot company to release an indemnity liability insurance plan for store owners who operate delivery or service robots. The insurance will plan will cover almost every accident case caused by robots at the store premise. More service robots are adopted at restaurants, coffee shops, and hotels in South Korea webbed with super-fast 4G and 5G networks. The country
May 6, 2022 -
Southern port city to demonstrate eco-friendly ammonia hybrid vessel
SEOUL -- South Korea's maritime gateway, Busan, has launched a project to develop and demonstrate an eco-friendly 30-ton-class vessel powered by an ammonia hybrid engine. The project also includes the standardization of ammonia fuel tanks and a bunkering technique for fueling ships with ammonia. Global shipbuilders are trying hard to develop efficient eco-friendly fuel-based vessels to reduce their dependency on fossil fuels after the International Maritime Organization (IMO),
May 6, 2022 -
SK Telecom's in-house alliance invests in game developer to strengthen AI-Verse competitiveness
SEOUL -- SK Telecom, a top mobile carrier in South Korea, and its sister company, SK Square made strategic investments in Haegin, a domestic game developer, to strengthen the competitiveness of their artificial intelligence and metaverse businesses and build an infrastructure for their expansion abroad. SK Telecom (SKT) and SK Square will invest a total of 50 billion won ($39 million) together to become the biggest strategic investor in Haegin. The size of their holdings was not
May 6, 2022 -
SK Geo Centric's pyrolysis technology wins government approval
SEOUL -- SK Geo Centric, a chemical company affiliated with South Korea's SK Group, has set the stage for the full utilization of its pyrolysis technology to reduce carbon dioxide emissions by securing government approval. South Korean research institutes, private companies and academics have joined hands to popularize pyrolysis recycling as a method to respond to climate change. SK Geo Centric has launched a joint study with the Korea Research Institute on Climate Change to
May 6, 2022 -
CHA Biotech opens cell and gene therapy CDMO facility in Texas
SEOUL -- The U.S. subsidiary of CHA Biotech, a biopharmaceutical company with South Korea's largest pipeline of stem cell therapies, has finished the construction of a contract development and manufacturing organization (CDMO) production facility for cell and gene therapy medicines. The manufacturing facility with a 500-liter bioreactor targets the global cell and gene therapy market that is projected to reach $36.92 billion, according to global market research firm ResearchAnd
May 4, 2022 -
Global EV race 'Formula E' to be held in Seoul after two years of suspension
SEOUL -- Formula E, a city-based single-seater electric car motor racing championship originally scheduled to be held in Seoul in 2020, will finally capture motorsport fans in South Korea in August. The global racing event was suspended for two years due to the COVID-19 pandemic. Formula E, officially the ABB Federation Internationale de l'Automobile (FIA) Formula E Championship, is sanctioned by FIA, the governing body for auto racing events. Unlike conventional racing event
May 4, 2022 -
Autonomous trucking company Mars Auto raises $12 million Series A
SEOUL -- Mars Auto, an artificial intelligence startup that develops self-driving technology for trucks in South Korea, has raised $12 million in the Series A funding round led by GFT Ventures, a venture capital investment firm based in California, reflecting investors' interest in the level of the company's technology development. Autonomous truck driving must be implemented with completely different models in a high-speed environment. Mars Auto develops a perception-ba
May 4, 2022 -
Kakao promotes B2C2C as new catchword for open chat-based mobile messaging app
SEOUL -- B2C2C is a new catchword promoted by South Korea's web service company Kakao to turn its popular mobile messaging app, Kakao Talk, into an open chat room. The ultimate goal is to target global markets through a metaverse platform. B2C2C combines B2C (business to consumer) with C2C (consumer to consumer). It simply means that a company can sell one product to one consumer who can in turn either sell or share the very same product with other consumers without the compa
May 4, 2022
-
Korea reports world's first demonstration of integrated operation of urban air mobility systems
-
SNU professor to spearhead Korea's inaugural space agency
-
HD Hyundai establishes new headquarters for marine energy businesses
-
Video streaming services in Korea sharply raise subscription fees
-
Korea launches first nanosatellite in New Zealand
-
Pinkfong creates Baby Shark-themed musicals to captivate global fans
-
LG Electronics, Kakao Mobility collaborate on delivery robot service
-
Analysts predict poor earnings for major Korean game publishers in first quarter
-
Carmakers, tech firms gather in Seoul for premier industry show
-
Label control battle casts shadow over NewJeans' comeback