Latest News

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  [SUMMARY] Daily News Selection by Aju Business Daily on August 9, 2022 SEOUL -- The following stories are the daily summary of news in South Korea on August 9, 2022. Seoul experiences greatest downpour in 80 years Seoul and its surrounding cities have experienced the greatest downpour in 80 years, which has inundated homes, cars, buildings, and subway stations and left seven people dead and six more missing. Parts of Seoul, the western port city of Incheon, and the surrounding Gyeonggi Province had severe rainfall of over 100 millimeters per hour 2022-08-09
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  Exhibition-goers increase by 59 percent in 2022 due to loosened quarantine regulations SEOUL -- The number of South Korean exhibition-goers who visit venues such as art galleries and art museums significantly increased in 2022 thanks to eased government COVID-19 regulations that allowed people to visit art halls and exhibition centers. In 2020 and early 2021, the government regulated offline event venues to have less than 100 visitors at a time. Data released by Interpark, a popular online ticket seller, on August 9 showed that the number of people who made reservat 2022-08-09
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  ​Samsung releases smart family care service capable of monitoring vulnerable elderlies living alone SEOUL -- Samsung Electronics released a smart family care service capable of monitoring family members living alone or far away by checking how often they use the refrigerator. The refrigerator can notify other family members through smartphone messages if the door of the fridge was not opened for a long time. The number of single-person households has been rapidly increasing in South Korea with a population of about 52 million. According to data released by the national statistics 2022-08-09
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  S. Korean herbicide makes foray into Malaysia targeting oil palm farms SEOUL -- Widex, a weed-killer product developed by Farm Hannong, a herbicide and fertilizer company in South Korea, has been registered as a herbicide product in Malaysia. The Southeast Asian country is the world's second-largest palm oil producer Widex will be used to control weeds without causing any damage to humans and animals. Widex contains 70 percent of Terrad'or, herbicide material used to inhibit chlorophyll formation in weeds and generates active oxygen to destroy 2022-08-09
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  Researchers develop special electrode-coating technique to improve green hydrogen production performance SEOUL -- South Korean researchers have developed a coating technique that will grant electrodes used in green hydrogen production to have gas-repellant properties. The so-called superaerophobic characteristics can enhance the electrochemical performance of electrodes. The production of aerophobic material-coated electrodes is very simple and cheap compared to similar conventional techniques. Green hydrogen is produced through electrolysis using electricity generated from renewabl 2022-08-09
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  [SUMMARY] Daily News Selection by Aju Business Daily on August 8, 2022 SEOUL -- The following stories are the daily summary of news in South Korea on Aug 8, 2022. President Yoon's approval rating drops below 30 percent Just three months after taking office, President Yoon Suk-yeol's approval rating dropped below 30 percent due to a strong backlash to a proposed education policy and leadership uncertainty within the ruling party. Through a survey of 2,528 people conducted by pollster Realmeter from August 1 to august 5, 29.3 percent said th 2022-08-08
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  Resort island Jeju deploys safety drone capable of dropping rescue tubes in case of emergency SEOUL -- To prevent various safety accidents, South Korea's southern resort island of Jeju deployed a hydrogen fuel cell drone to a famous beach visited by about 200,000 people every year. The safety drone can notify visitors using a speaker in case of an emergency and drop a lifeguard rescue tube to save a drowning person. Hydrogen fuel cell drones are more advantageous in the operating time and flight distance than battery-powered unmanned flying vehicles because hydrogen f 2022-08-08
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  Shinsegae's ready-to-cook frozen bakery products garner popularity among younger generations SEOUL -- Frozen bakery products released by Shinsegae Food, a food company affiliated with South Korea's retail giant Shinsegae Group, are gaining popularity thanks to the increasing number of South Korean millennials and generation Z who prefer bakery products to rice. Rice is regarded as South Korea's staple food. Data released by Euromonitor, a market research firm, showed that South Korea's bakery market grew from 3.7 trillion won ($2.86 billion) in 2015 to 4.3 tri 2022-08-08
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  Pest control drone demonstrated on corn field in northeastern county SEOUL -- A pest control drone designed to reduce labor costs and time was demonstrated on a corn farm in the northeastern county of Yeongwol famous for crops such as corn, chili pepper, and potatoes. The demand for pest control drones is rapidly increasing in Yeongwol, an aging county suffering from manpower shortages. Yeongwol with a population of some 38,000 is a super-aging society in which about 22 percent of the population consisted of elderlies aged 65 or older as of August 2 2022-08-05
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  ​JLK's AI brain image analysis solution wins approval from Thai health department SEOUL -- JAD-02K, an artificial intelligence-based brain disease analysis solution created by South Korea's medical solution company JLK, obtained approval from Thailand, a medical tourism hub in Southeast Asia. The solution informs the degree of brain aging progression compared to other patients in the same age group. Data released by JLK showed that Thailand is the seventh biggest medical device market in the Asia-Pacific region. About 13.5 percent of the country's populat 2022-08-05
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  [INTERVIEW] Video editing app VLLO adopts aggressive marketing in U.S. SEOUL -- With the aim of becoming a global player, VLLO, an easy mobile video editing application created by South Korea's software company Vimosoft will adopt aggressive marketing in the United States. The strategy is not modest but reflects positive reactions from users. VLLO is an easy video editor that can be used by people who have no idea about video editing on their smartphones. The app has secured a bridgehead in Japan and Thailand following its successful settlement i 2022-08-05
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  War in Ukraine disrupts S. Korean space program to put satellites into orbit SEOUL -- U.S.-led international sanctions caused by a prolonged war in Ukraine are disrupting South Korea's space program, prompting policymakers to find alternatives or rectify its timetable on placing satellites into orbit aboard Russian space rockets. South Korea is a traditional U.S. ally with their military ties dating back to the 1950-53 Korean War. South Korea is to launch a second medium-sized satellite weighing 500 kilograms for precise ground observation at the Baik 2022-08-04
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  NHN Edu releases AI pregnancy diagnosis solution to identify unclear pregnancy result SEOUL -- NHN Edu, the operator of a period tracking app called "Pink Dairy," released an artificial intelligence-based pregnancy test service that informs users whether they are pregnant when it is difficult to identify the result. Those who had unclear lines on the test can verify their result through the solution. "AI Pinkbot Pregnancy Test," a service that determines pregnancy based on the pregnancy test kit photo submitted by users, was released on the Pink 2022-08-04
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  POSCO works with Britain's Primetals to design test furnace for eco-friendly steelmaking SEOUL -- South Korea's steel group POSCO tied up with Primetals, a London-based plant construction company, to design and build a test facility for eco-friendly steel production using hydrogen. POSCO's method called "HyREX" uses 100 percent of hydrogen and generates no carbon. HyREX is more cost-efficient than the method adopted by European steelmakers that put iron ore processed in the form of beads and add heated hydrogen from the bottom. As hydrogen and oxygen 2022-08-04
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  Constru's computer vision technology used for DL E&C's AI field management solution SEOUL -- In cooperation with Constru, a computer vision and AI company in Israel, DL E&C, a builder in South Korea, has introduced a field management solution using AI-based computer vision technology and 360-degree cameras to improve the quality of construction sites and maximize the efficiency of process status management. Constru's computer vision technology offers verifiably accurate project status for early defect detection and optimized scheduling. DL E&C would app 2022-08-04
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  SK Telecom works with state agency to establish 5G UAM communication network SEOUL -- SK Telecom, a mobile carrier in South Korea, will establish an aerial 5G communication network for the demonstration of urban air mobility. an ecosystem covering personal air vehicles and infrastructure, in cooperation with a state aeronautics and space agency in a flight test center in the southern seaside county of Goheung. As a member of UAM Team Korea, a public-private consultative body, to commercialize manned drone taxis in 2025, remote-controlled vehicles in 2030 2022-08-04
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  GS Caltex partners with Nestle to upcycle plastic coffee capsules into composite resins SEOUL -- GS Caltex, a major refiner in South Korea, partnered with Swiss multinational food and drink giant Nestle to create eco-friendly composite resins by upcycling plastic coffee capsules. Upcycled resins can be used as raw materials for various products such as automotive interior and exterior parts and home appliances. As part of a project to reduce carbon emissions, GS Caltex will process and produce plastic capsules sold by Dolce Gusto, a coffee capsule brand owned by Nestl 2022-08-04
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  [FOCUS] Premature concerns grow over low-cost offensive by Chinese electric vehicles SEOUL -- There has been no change in the public perception of cheap Chinese products that have largely failed to satisfy picky South Korean consumers so far. However, premature concerns are growing in the domestic car industry that Chinese electric vehicles may make quick inroads by pouring out various models and with their low-cost offensive based on the economy of scale achieved on their home turf. Experts recommend a major overhaul of subsidies to prevent Chinese and other import 2022-08-04
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  S. Korean university hospital to set up virtual clinic in metaverse SEOUL -- A university hospital will build a metaverse clinic where patients can receive various medical services without visiting doctors in collaboration with Deltoid, a digital healthcare service provider in South Korea. Academic programs with foreign medical experts will be conducted in a virtual space that has no time or space restrictions. Chosun University Hospital, based in the southwestern city of Gwangju, partnered with Deltoid to set up a virtual hospital in the metaverse 2022-08-03
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  Overseas sales of homemade craft beer from S. Korea up due to growing popularity SEOUL -- The operator of South Korea's convenience store franchise GS25 jacked up its sales target abroad with homemade craft beer thanks to their rising popularity. GS25's beer is now available in 13 countries including Germany, France, Switzerland and Australia. According to the Korea Craft Brewers Association, the domestic craft beer market was valued at 118 billion won ($90 million) in 2020, up 47.5 percent from a year earlier. Exports of GS Retail's beer soared fro 2022-08-03