Economy
-
Woowa Brothers to demonstrate food delivery robots on streets of Gangnam
SEOUL -- Woowa Brothers, the operator of the popular food delivery service app Bamin, will test the efficacy of five six-wheeled robots on the streets of Gangnam, a southern Seoul district famous for rapper Psy’s 2012 global hit song "Gangnam Style." Baemin first started the demonstration of its delivery robots by deploying "Dilly," the service robot, to a campus in eastern Seoul in late 2019. The company later developed delivery robots that can carry dri
7 November 2023
-
SK On to provide battery cells to Swedish carmaker Polestar's new electric vehicle
SEOUL -- SK On, the batter-making wing of South Korea's SK Group, will supply its battery cells to Swedish automotive brand Polestar for its upcoming electric vehicle scheduled for production in 2025. The vehicle will be powered by batteries consisting of over 80 percent of nickel. Battery manufacturers have been striving to produce more efficient batteries, such as NCM batteries that contain nickel, cobalt, and manganese. High-nickel batteries can help manufacturers save costs and
6 November 2023
-
S. Korean consortium to produce tire materials using pyrolysis oil
SEOUL -- A consortium of South Korean companies and research institutes will carry out a project to recycle car tires using pyrolysis oil-based materials. Oil extracted from discarded car tires will be refined and supplied to Hankook Tire & Technology, a major tire maker in South Korea. According to data released by South Korea's conglomerate Hyosung, about 350,000 tons of waste tires are being produced in South Korea. Around 50 percent of them are landfilled, contaminating soi
2 November 2023
-
SK Geocentric partners with Britain's Plastic Energy to build pyrolysis plant in southwestern port city
SEOUL -- South Korea's plastic recycling technology company SK Geocentric will work with Plastic Energy, a chemical recycling company in Britain, to build a pyrolysis plant that can recycle about 66,000 tons of plastic waste per year, in the southwestern port city of Dangjin. Pyrolysis is a chemical recycling process used to turn discarded plastic into high-quality oil. Pyrolysis involves intense heat and pressure to break down waste plastics into oil. The reclaimed oil can be used
1 November 2023
-
Exports of kimchi continue to increase thanks to popularity in US and Europe
SEOUL -- Exports of kimchi, traditional Korean pickled vegetables, have continued to increase by more than 10 percent on-year thanks to consumers in the United States and Europe who recognize the salad-like spicy mixed vegetable pickles as healthy food. Kimchi, mostly recognized as salted Chinese cabbage seasoned with red chili pepper powder, ground garlic, and fish sauce, has been the core of South Koreans' diet. The salted cabbage ferments over time to become sour. Some people
31 October 2023
-
HD Hyundai Electric joins offshore wind power project in southwestern coastal county
SEOUL -- HD Hyundai Electric, an electrical equipment manufacturer and energy solution provider, will take part in a project to establish offshore wind power infrastructure that can power some three million households in South Korea’s southwestern coastal county of Jindo. The energy solution developer will supply wind turbines and power equipment for offshore substations. The project involves the South Korean office of Pacifico Energy, a United States-based renewable energy power
30 October 2023
-
LG Chem develops flame-retardant material to prevent battery explosion
SEOUL -- South Korea's major chemical company LG Chem has developed a material that can delay thermal runaway in electric vehicle batteries. The material called "Special Flame-Retardant CFT" withstands heat and pressure at 1,500 degrees Celsius (2,732 degrees Fahrenheit) for more than 20 minutes without any damage. Thermal runaway is a chain reaction that can be extremely challenging to halt once initiated inside a battery cell. During thermal runaway, the temperature of
27 October 2023
-
CJ Cheiljedang releases Spam product made of chicken breast
SEOUL -- South Korea's major food maker CJ Cheiljedang has released a new Spam product made of chicken breast targeting consumers who favor high protein, low-calorie foods. The canned food brand, currently available in 48 countries, is originally made using pork. The canned pork brand, made by American food processing company Hormel Foods, is widely consumed in South Korea. According to CJ Cheiljedang, more than 1.9 billion 200-gram (0.4 pounds) Spam products were sold in the coun
27 October 2023
