Latest News

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  S. Korea launches home-made 3-stage rocket into space SEOUL -- 10… 9… 8… The countdown for the launching of the Korea Space Launch Vehicle-2 (KSLV-2), known as "Nuri" rocket, started at a rocket launch site located in Goheung some 330 kilometers (205 miles) south of Seoul at 5 p.m. (1000 GMT) on October 21. Hundreds of thousands of South Koreans watched the countdown through a live feed broadcast through YouTube channels operated by South Korean broadcasters. "Nuri" is a three-stage rocket equip 2021-10-21
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  Busan to open upcycling center in renewable industry complex by 2024 SEOUL -- South Korea's largest upcycling center will be built in the southern port city of Busan through a 4.4 billion won ($3.78 million) project. To maximize synergy effects with nearby resource circulation infrastructure, the upcycling center will be built in a renewable industry complex that houses more than 10 related facilities and companies specialized in waste recycling and resource disposal. While recycling only focuses on collecting discarded materials and turning them 2021-10-21
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  CJ Logistics reveals plan to become AI and big data-based logistics technology company SEOUL -- CJ Logistics, South Korea's major logistics company, revealed a grand plan to digitally transform the traditional human labor-based company into an integrated logistics technology service company that utilizes artificial intelligence and big data. Through a company vision showcase event held on October 21, CJ Logistics said that the company will lead innovation in the logistics market by adopting technologies based on robotics, artificial intelligence (AI), and big data 2021-10-21
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  Seoul to build integrated water sports center on Han River SEOUL -- Through a 15.7 billion won ($13.37 million) project, Seoul City will build an integrated water sports center that can house some 220 water sports equipment such as yachts, canoes and kayaks on Han River where visitors can enjoy extreme water sports. Seoul said in a statement on October 21 that the city government will open the water sports center in the first half of 2023 near the Nanji Hangang Park in western Seoul. The center will consist of a dock that will serve as a pa 2021-10-21
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  ​Genie Music targets online global concert market with new interactive artist communication platform SEOUL -- Genie Music, the online music service wing of South Korea's largest telecom company KT, has released a new platform that will allow real-time interactive communication between K-pop artists and fans. Such non-face-to-face communication methods including live commerce, a home shopping show-like real-time online shopping show, have become popular in South Korea since 2020 when the first wave of a coronavirus pandemic forced people to stay at home. Live interactive communi 2021-10-21
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  LG Uplus teams up with Malaysian mobile carrier to provide 5G extended reality K-pop content SEOUL -- LG Uplus, a mobile carrier in South Korea, partnered with Celcom Axiata Bhd, a Malaysian mobile carrier, to deliver K-pop content using 5G-based extended reality services. Through the $1 million contract, LG Uplus will export various content to Malaysia where K-pop is highly popular among the MZ generations. Extended reality (XR) refers to all digital environments created using virtual reality (VR), augmented reality (AR) and mixed reality (MR). XR content is normally provi 2021-10-20
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  SK hynix develops world’s best-performing microchip called HBM3 SEOUL -- SK hynix, the second-largest memory chip producer in South Korea, has developed the world’s best-performing microchip called high bandwidth memory 3 (HBM3) that can be used for high-performance data centers, machine learning platforms that enhance the level of artificial intelligence and supercomputing performance used to conduct climate change analysis and drug development. Computing systems are mainly based on the von Neumann architecture, which uses separate proc 2021-10-20
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  KT partners with research body to develop 5G AI robot platform to solve social problems SEOUL -- South Korea's top telecom service operator KT has partnered with a state research institute to develop a 5G-based robot control tower platform that will help solve social problems such as the quarantine of a coronavirus pandemic and increase the convenience and safety of people's livelihood. South Korea, which has a nationwide network of ultra-fast 5G mobile communication, has already adopted a fleet of connected robots that use artificial intelligence (AI) and big 2021-10-20
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  K-pop girl band ITZY to release special edition of 'Crazy in Love' SEOUL -- K-pop girl band ITZY will release a special edition of its first official album "Crazy in Love" on October 22, South Korea's K-pop powerhouse JYP Entertainment said in a statement. This is the first album scheduled to hit the shelves after "MIDZY," a single track released in March 2021. Crazy in Love was released in two years and seven months since the five-member band's debut. The album's title song "LOCO" gained more than 50 milli 2021-10-20
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  Railway research body transfers technologies for wireless power supply system for light rail SEOUL -- South Korea's state-run railway research body has transferred core technologies to domestic companies to commercialize a wireless power supply system for light rail. The technology for designing parts, which wirelessly transmit power to light rail, and applying the supply of wireless power can help design a safer and more efficient wireless power supply railway infrastructure. The Korea Railroad Research Institute (KRRI) said it has signed a contract with three compan 2021-10-20
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  State electricity company constructs 1.3 megawatt-class solar power plant using idle space SEOUL -- Korea Hydro & Nuclear Power, the state operator of nuclear power plants, has built a 1.3 megawatt-class solar power plant on the rooftop of its headquarters building in Gyeongju some 270 kilometers (167 miles) southeast of Seoul. The power plant built on rooftop idle spaces will generate electricity that can power about 1,300 households. Korea Hydro & Nuclear Power (KHNP) said in a statement on October 19 that the electricity company has built a building-integrated 2021-10-20
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  ​KT and Millie's Library join hands to develop audio content platform-based business model SEOUL -- South Korea's top telecom company KT and its online music service wing Genie Music joined hands with Millie's Library, an online e-book subscription platform, to develop an audio content business model in a country where readers are not yet familiar with "listening" to books. Millie's Library with some 30,000 e-book content and some 1,000 audiobooks is the country's most popular online e-book subscription service with about 210,000 monthly active user 2021-10-20
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  Demonstration launched in city park to verify performance of outdoor service robots SEOUL -- A demonstration project was launched to verify the advancement and safety of autonomous outdoor service robots for food delivery, quarantine, and patrol at the main central part of South Korea's central administrative city of Sejong which has a smart city network to test connected cars, autonomous driving and other innovative technologies. The project is aimed at improving the production capacity of integrated platforms such as driving departments and chargers, Sejong 2021-10-20
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  KT demonstrates VR-based job education program for people with developmental disabilities SEOUL -- South Korea's major telecom company KT has developed and demonstrated a virtual reality-based job education program to help people with developmental disabilities adapt to job environments and improve work skills. According to government data, about 2.6 million South Koreans were registered as people with developmental disabilities as of 2020. About 24 percent have simple labor jobs mainly at small and medium-sized enterprises including fast-food restaurants and mecha 2021-10-19
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  POSCO develops large-diameter pipes for hydrogen transportation SEOUL -- South Korea's steel group POSCO has developed large-diameter pipes that would be used for the transportation of hydrogen gas at domestic hydrogen pilot cities by using a new steel material that greatly improved the lifespan and safety of welded connections to withstand rupture or corrosion. Imported seamless steel pipes with a diameter of less than six inches have been mainly used for hydrogen transfer pipes, but South Korean cities designated for hydrogen pilot proje 2021-10-19
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  Hancom acquires domestic digital marketing company to focus on B2C market SEOUL -- Hancom, a comprehensive technology group in South Korea, has acquired Urban Digital Marketing, a domestic digital marketing company, in an effort to focus on the business-to-consumer market. The group specializes in the sales of its office software and artificial intelligence-based solutions in the business-to-business and business-to-government markets. Hancom said it has acquired a controlling 63 percent stake in Urban Digital Marketing (UDM) to become the marketing com 2021-10-19
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  Sartorius works with CHA Biotech's U.S. subsidiary for viral vector process technology SEOUL -- The U.S. subsidiary of CHA Biotech, a biopharmaceutical company with South Korea's largest pipeline of stem cell therapies, signed a joint research agreement with Sartorius, a pharmaceutical and laboratory equipment supplier in Germany, to develop the process technology of viral vectors, a raw material necessary for the development of gene therapy and vaccines. Viral vectors are tools commonly used by molecular biologists to deliver genetic material into cells. CHA Bi 2021-10-19
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  LG Electronics unveils multi-purpose screen to provides all-in-one solutions SEOUL -- LG Electronics unveiled a multi-purpose screen that provides all-in-one solutions needed at worksites or at home. It is installed with cameras, microphones, speakers, and electronic blackboards on ultra-high definition resolution screens. Users can easily and quickly connect their laptops wirelessly to compatible digital signage products. LG Electronics said the multi-purpose screen runs on its own software platform and Microsoft's embedded operating system Windows 10 I 2021-10-19
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  Hyundai Rotem's leg-wheel military robot makes debut at aerospace and defense exhibition SEOUL -- A leg-wheel military robot developed by Hyundai Rotem made its debut at an international aerospace and defense exhibition hosted by South Korea. The ultimate mobility vehicle (UMV) uses wheels in flat terrain, but intelligent robot legs use walking ability in rough terrain for various missions such as surveillance and the transportation of injured people and goods. Remote and autonomous driving is possible. Hyundai Rotem, a subsidiary of South Korea's Hyundai auto gro 2021-10-19
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  SPC to open branch in Indonesia thru joint venture with Erajaya SEOUL -- South Korean confectionery and bakery giant SPC Group will open a branch in Indonesia, the world's most populous Muslim-majority country, to use it as a bridgehead for its foray into the Middle East that requires Halal-certified ingredients for Muslim customers. Paris Baguette, a bakery brand operated by SPC, has established a joint venture with EFN, a subsidiary of Indonesia's Erajaya group. The first Paris Baguette outlet in Indonesia is to open in November 2021 2021-10-19