ajunews Friday,8 December 2023
Industry LG Energy Solution develops technology to upgrade lithium metal batteries' performance SEOUL -- LG Energy Solution, the battery-making wing of South Korea's LG Group, has developed lithium metal battery technology that enhances driving distance by about 50 percent compared to existing lithium-ion batteries. Using the new technique, the driving range of electric vehicles can be extended to 900 kilometers (559 miles) per charge, up from the current 600 km. Lithium metal batteries have been studied as they were claimed to run longer and hold more energy than lithium- LG Energy Solution develops technology to upgrade lithium metal batteries performance
ECONOMY Naver partners with Saudi Arabia's smart city solution company iot squared SEOUL -- South Korea's web service giant Naver has partnered with iot squared, Saudi Arabia's smart city solution company, to cooperate in various projects including the development of digital twin and robotics technologies. In October, Naver secured an order worth $100 million to build digital twins, virtual replicas, of Saudi Arabian cities including Riyadh, Mecca, and Medina. The digital twin technology will be used for infrastructure-building and disaster management of t Naver partners with Saudi Arabias smart city solution company iot squared
Music BTS' leader RM anticipates finding inspiration from mandatory military service SEOUL -- K-pop boy band BTS' leader RM hopes to find inspiration from his 18-month mandatory military service which he will start this month along with three other members. The artist will begin his service on December 11. In South Korea, males aged 18 and above are obligated to complete their military service unless exempted for valid reasons. Those enlisted in the army serve for about 18 months. Currently, three BTS members have begun their service -- Jin, J-Hope, and Suga. BTS leader RM anticipates finding inspiration from mandatory military service
ECONOMY POSCO's carbon-based materials manufacturer starts mass production of single crystal cathode at Pohang plant SEOUL -- POSCO Future M, the carbon-based material manufacturer wing of South Korea's steelmaker POSCO, has started the mass production of single catalyst cathode at its plant located in the southern industrial city of Pohang. The Pohang plant is the company's second base of manufacturing for the single catalyst battery electrode as POSCO Future M succeeded in the mass-production for the first time at a plant in the southern port city of Gwangyang in March 2023. POSCO Fut POSCOs carbon-based materials manufacturer starts mass production of single crystal cathode at Pohang plant
IT Streaming platform Twitch to exit S. Korea due to 'prohibitively expensive' network costs SEOUL -- One of the world's most popular online streaming platforms, Twitch, will exit South Korea in early 2024 due to extremely high network fees that are 10 times higher than in most countries, the streaming platform's CEO said through his blog. Twitch, with about 140 million monthly active users as of August 2023, offers creative online spaces for content creators called streamers who mainly broadcast their content live. Fans can choose and access their favorite streamer Streaming platform Twitch to exit S. Korea due to prohibitively expensive network costs
Society S. Korea to offer psychological counseling for 1 mln people by 2027 against high suicide rate SEOUL -- In a bid to curb South Korea's extremely high suicide rates, the country will provide counseling services for one million people by 2027. About 80,000 people struggling with emotional or mental challenges are expected to receive psychological counseling in 2024. Throughout Korea's history, individuals grappling with mental illness carried a stigma and were often considered untreatable, relegated to the shadows of society. Before the adoption of modern Western medici S. Korea to offer psychological counseling for 1 mln people by 2027 against high suicide rate
ECONOMY Chinese ecommerce giant Alibaba promises to provide customer protection for S. Korean consumers   SEOUL -- Aliexpress, the business-to-customer-focused ecommerce platform wing of China's online shopping titan Alibaba Group, has made promises to inject 10 billion won ($7.6 million) over the next three years in a bid to establish a safe shopping system that will protect the rights of customers and sellers including intellectual property. Alibaba Group operates three main shopping platforms -- Alibaba, Aliexpress, and Taobao. While Alibaba focuses on wholesale and business-to-b Chinese ecommerce giant Alibaba promises to provide customer protection for S. Korean consumers  
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