Automotive
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Hanwha Aerospace ties up with Britain's Vertical to develop electro mechanical actuator for air taxis
SEOUL -- Hanwha Aerospace, an aircraft parts maker affiliated with South Korea's Hanwha Group, tied up with Vertical Aerospace, a British electric aviation company, to develop a high-performance electro mechanical actuator for air taxis and flying vehicles for urban air mobility, an ecosystem covering personal air vehicles and infrastructure. At the Farnborough International Airshow, a trade exhibition in England, Hanwha Aerospace said it has signed a joint cooperation agre
July 21, 2022 -
Rolls-Royce partners with Hyundai to develop all-electric propulsion and hydrogen fuel cell technology for AAM
SEOUL -- Rolls-Royce, a luxury automobile maker in Britain, joined hands with South Korea's Hyundai auto group to cooperate in developing all-electric propulsion and hydrogen fuel cell technology. The partnership will leverage Rolls-Royce's aviation and certification capabilities and Hyundai's hydrogen fuel cell technologies. Rolls-Royce and Hyundai share a vision of leading the way in the advanced air mobility (AAM) market by delivering battery-electric and fuel cell
July 19, 2022 -
Butterfly mimicked to create Hyundai's eVTOL interior cabin
SEOUL -- Engineers and designers have mimicked a butterfly to create a lightweight interior cabin made of forged carbon fiber for an electric vertical takeoff and landing aircraft (eVTOL) being developed by the urban air mobility team of South Korea's Hyundai auto group. Supernal, a mobility service provider set up by the auto group in the United States, revealed its five-seat eVTOL vehicle cabin concept at the Farnborough International Airshow, a trade exhibition in England.
July 19, 2022 -
Provincial government submits bid to host test center for hyperloop technology
SEOUL -- A provincial government has submitted a bid for South Korea's state project to establish a test center for the research and demonstration of hyperloop technology that allows a vehicle levitated by magnetic force to drive at a maximum speed of 1,200 kilometers (745 miles) per hour. The Ministry of Land, Infrastructure and Transport will decide in August to select a site for the test bed that will conduct research with the goal of driving 800 kilometers per hour on a te
July 18, 2022 -
Kolon Industries invests in lithium metal anode company to diversify portfolio
SEOUL -- Kolon Industries, a chemical and textile manufacturing company in South Korea, made a strategic investment in Neo Battery (NEVA), a domestic startup specializing in lithium metal anodes, to diversify its business portfolio into important materials for secondary batteries. Kolon Industries said it has become the second-largest shareholder of NEVA by investing about 10 billion won ($7.7 million). NEVA produces high-purity lithium metal ingot, chips, foil, or powder while re
July 11, 2022 -
SK nexilis to complete construction of thin copper foil plant in Poland in 2024
SEOUL -- The subsidiary of SKC, a chemical material unit of South Korea's SK Group, will complete the construction of a thin copper foil plant with an annual production capacity of 50,000 tons in Poland in the first half of 2024. The plant is part of a strategy to establish a global production system. SKC said that its wholly-owned subsidiary, SK nexilis, would invest 900 billion won ($691 million) to complete the construction of its plant in Poland in the first half of 2024. It
July 8, 2022 -
Mexico favored by S. Korean EV component makers to circumvent U.S. trade restrictions
SEOUL -- Mexico is emerging as a place favored by South Korean electric vehicle component makers to circumvent trade restrictions imposed by the United States where demand for electric vehicle components is increasing with the expansion of renewable energy and eco-friendly transportation means. At Ramos Arizpe, a city in the Mexican state of Coahuila, POSCO International, a trading arm of South Korea's steel group POSCO, held a groundbreaking ceremony on July 6 for its plant to
July 7, 2022 -
POSCO acquires domestic producer of silicon-based anode materials for batteries
SEOUL -- South Korea's leading steel group POSCO unveiled a new goal to boost the production of key materials for batteries after acquiring a domestic manufacturer of silicon-based anode materials in a deal that would help reduce the group's dependence on Chinese raw materials. POSCO Holdings said it has signed a stock purchase agreement to acquire 100 percent of Tera Technos, a silicon anode startup with a high-temperature liquid production technology with excellent heat
July 5, 2022 -
[INTERVIEW] Mobility expert recommends bold strategy to turn entire S. Korea into test bed
SEOUL -- As a technological revolution unparalleled in human history creates innovative changes in mobility, an expert with career experience in future platforms such as autonomous driving recommends a bold test bed strategy for South Korea to secure competitiveness in mobility in a short period of time. Cha Doo-won, head of the CHA Mobility Research Institute, demands urgent government support to acquire domestic mobility personnel, pointing to a competitive push worldwide to s
July 1, 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
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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US political turmoil reflects our wider society – in 2024 and earlier elections
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Life expectancy in South Korea decreases for first time since 2000
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Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
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Lotte Rental achieves 'Baa3' credit rating from Moody's