Latest News

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  Hanwha Systems participates in project to develop small satellites SEOUL -- Buoyed by the successful launch of a midsized observation satellite, Hanwha Systems, a key defense contractor in South Korea, will participate in a project to develop small satellites weighing under 100 kilograms in cooperation with Satrec Initiative, a domestic satellite manufacturing company. A Hanwha Group unit secured a controlling 30-percent stake in Satrec Initiative in January. Hanwha Systems said it would develop a satellite system and a 2021-03-24
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  SKT partners with police to automatically block voice phishing calls SEOUL -- SK Telecom will offer an anti-crime service that would automatically block Voice phishing calls, using a police database. The service, which helps customers avoid receiving calls, will be available from March 25. Voice phishing is a telephone scam. The victims are lured or threatened to transfer money or leave cash in public places such as coin lockers inside a crowded subway station. Government data showed that more than 200,000 cases of voice phishing we 2021-03-24
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  Winia's low temperature COVID-19 vaccine freezer wins FDA approval SEOUL -- A portable ultra-low temperature freezer capable of keeping COVID-19 vaccines, developed by the leading maker of refrigerators specially designed to store Kimchi, a traditional fermented vegetable dish, has secured approval from the U.S. Food and Drug Administration. Sales will begin in June through U.S. channels such as Amazon. Winia Dimchae said on March 24 that Medibox, has completed brand registration, technology patents and the certificati 2021-03-24
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  Doublin-based startup provides drone delivery of Samsung devices SEOUL -- Manna Drone Delivery, a Dublin-based startup, has tied up with Samsung Electronics to provide drone delivery to Irish customers when they purchase the latest range of Samsung's Galaxy devices, including S21 smartphones. It is Samsung's first service of its kind globally. The new service will facilitate an end-to-end contactless experience for customers, Samsung said in a statement, adding it would first be made available in Oranmor 2021-03-24
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  LG Electronics to supply ESS for advanced microgrid project in Hawaii SEOUL -- For a microgrid in Hawaii that aims to go carbon-zero by 2045, LG Electronics will supply an energy storage system for a microgrid through a consortium of South Korean and U.S. entities. The system can seamlessly provide electricity in case of blackouts and other disastrous situations. A microgrid is an autonomously-controlled power grid that incorporates artificial intelligence, various power sources, and battery storage. It normally operates 2021-03-24
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  Hyundai shipyard ties up with sovereign wealth fund to acquire companies with high growth potential SEOUL -- South Korea's Hyundai shipbuilding group will actively push for the diversification of its business portfolio into artificial intelligence, robots and other new industries with the help of a domestic sovereign wealth fund to take over global companies with high growth potential. Hyundai Heavy Industries Holdings signed a memorandum of understanding with Korea Investment Corporation (KIC). "We hope this MOU will be the first s 2021-03-24
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  JYP Entertainment ties up with China's music streaming arm of Tencent SEOUL -- The music streaming arm of Tencent has forged a strategic partnership with JYP Entertainment, a South Korean entertainment and record label backed by K-pop groups such as TWICE, ITZY and Stray Kids. They would maximize synergy by creating various music entertainment services along with joint marketing, promotions and live events. Tencent Music Entertainment (TME) is a joint venture between Tencent and Spotify, the world’s most popular audio streaming 2021-03-24
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  Provincial government introduces battery-sharing network for electric delivery bikes SEOUL -- In an effort to reduce air pollution, a provincial government will use old telephone booths, which are hardly used, to establish a battery-sharing network for deliverymen who use motorcycles. Street telephone booths will be turned into charging depots where deliverymen can quickly replace depleted battery packs. Such a battery-sharing method is popular in Southeast Asia. Food deliverymen in an urban environment travel a daily average 2021-03-24
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  Government-led team launched to commercialize level 4 self-driving vehicles in 2027 SEOUL -- South Korea launched a government-led project team to commercialize convergent level 4 self-driving vehicles in 2027 with an injection of 1.09 trillion won ($962 million). Level 4 autonomous vehicles have cockpits, allowing drivers to take over control if needed. The most promising direction of level 4 is a robotaxi. The team was inaugurated on March 24 in a ceremony attended by officials from four government bodies -- the Ministry of Trade, Industry and 2021-03-24
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  LPG suppliers agree to renovate charging stations in urban areas for fuel cell vehicles SEOUL -- South Korea's two major suppliers of liquefied petroleum gas will renovate charging stations in urban areas to install facilities for charging fuel cell vehicles, responding to a government campaign to accelerate the establishment of a hydrogen ecosystem. SK Gas and E1 signed a business agreement with the Environment Ministry on March 23 to establish complex charging stations for hydrogen and liquefied petroleum gas (LPG) in Seoul and adjacent 2021-03-24
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  LG Electronics forges 6G tie-up with Keysight to develop THz source technologies SEOUL -- In a bid to secure an early lead in the development of 6G technologies, LG Electronics teamed up with a state research body and Keysight Technologies, an American manufacturer of electronics test and measurement equipment and software, to develop source technologies related to terahertz (THz), a unit of frequency defined as one trillion cycles per second, and establish a verification system. LG Electronics said it has signed a memorandum of und 2021-03-23
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  LG Chem partners with domestic startup for complete recycling of plastic cosmetic containers SEOUL -- LG Chem, a major chemical company in South Korea, partnered with Innerbottle, a domestic startup, to create a "plastic eco-platform that will enable the complete recycling of plastic cosmetic containers. They will apply the platform to cosmetic containers in the second half of this year before expanding its application to food and medicine containers. LG Chem aims to create what it called an "unprecedented" ESG business model covering t 2021-03-23
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  Hyundai reveals ultra-fast EV charging service 'E-pit' inspired by F1 pit stop SEOUL -- South Korea's Hyundai auto group will roll out "E-pit," an electric vehicle charging service platform that will become part of the carmaker's future ecosystem of clean energy vehicles. Hyundai's electric cars based on a new modular platform will be able to charge 80 percent of their battery in just 18 minutes. Normal chargers take about 40 minutes. According to a survey of 1,586 adult consumers conducted by Seoul City i 2021-03-23
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  Hyundai auto group forges partnership with Singapore's Singtel SEOUL -- South Korea's Hyundai auto group partnered with Singtel, a Singapore telecom group, to cooperate in supporting smart manufacturing and connectivity for electric vehicle battery subscription services. They would develop and pilot a 5G-enabled smart factory use case for an intelligent manufacturing platform and potentially scale it up for deployment across Hyundai’s plants. Hyundai said its expertise in developing innovative automotive a 2021-03-23
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  Japan's NTT Docomo selects Samsung's 5G network solution SEOUL -- Samsung Electronics has been selected as a 5G network solution provider for NTT Docomo, a leading mobile operator in Japan, garnering a bigger share in 5G equipment and infrastructure markets in Asia and other regions. Samsung said in a statement on March 23 that it would support Docomo with its innovative 5G technology to bring enriched 5G services to users, advance digital transformation for businesses, and improve society at large. "We are exc 2021-03-23
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  Gangwon province unveils project to develop drones based on liquefied hydrogen SEOUL -- Gangwon, a mountainous, forested province bordering North Korea, has joined a government campaign to establish a hydrogen ecosystem in South Korea by unveiling a project to develop unmanned drones for special purposes based on liquefied hydrogen. The province aims to produce a drone taxi prototype for flying tests in 2022. The province signed a business agreement on March 22 with Gangwon Technopark, a state agency in charge of technology development, and TI 2021-03-23
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  S. Korea's midsized observation satellite successfully launched into orbit: Yonhap SEOUL -- South Korea's next-generation midsized observation satellite successfully entered its target orbit and made its first contact with a base station on Monday, the science ministry said, marking the country's latest step to boost its space industry. The 540-kilogram satellite made contact with the Svalbard Satellite Station in Norway around 100 minutes after its launch on Russia's Soyuz-2.1a rocket from the Baikonur Cosmodrome in Kazakhstan at 2021-03-22
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  Provincial government proposes civilian space industry cluster in Goheung SEOUL -- Goheung, a southern coastal town that has been the center of South Korea's space program, came up with the idea of creating a civilian space industry cluster in line with a government policy shift to solid-propellant boosters that would deliver satellite payloads to low-Earth orbit. For decades, South Korea's space program has been led by the state-run Korea Aerospace Research Institute (KARI). The Seoul government is now pushing for a policy shift 2021-03-22
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  ​Researchers develop eco-friendly biodegradable face mask SEOUL -- To help tackle a global waste problem caused by an exponential increase in the usage of disposable face masks, South Korea's state research institute has developed an eco-friendly mask filter that completely decomposes in soil by using chitosan-coating technology. Just after a COVID-19 pandemic erupted in early 2020, the global demand for face masks skyrocketed. The key manufacturing countries of disposable face masks including China and South Korea h 2021-03-22
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  Hyundai shipyard works on vessel capable of transporting liquefied CO2 SEOUL -- South Korea's Hyundai shipbuilding group will develop a vessel that can transport liquefied carbon dioxide from power plants and steel mills to storage facilities. The shipyard saw climate change as a new opportunity for its growth, citing a growing demand for negative emission technology to reduce greenhouse gases by capturing carbon. Hyundai Mipo Dockyard, a subsidiary of the shipbuilding group, said it would develop a cargo containe 2021-03-22