Latest News

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  ​Cosmax develops texture perception solution capable of predicting cosmetic usability SEOUL -- Cosmax, a cosmetics original development manufacturer in South Korea, developed texture perception technology capable of predicting the performance of cosmetic products without actually using them. The solution can be used to create personalized products as it evaluates beauty products' spreadability through quantified values without involving subjective opinions. It's been difficult to evaluate the degree of spreadability and moisture as the usability of cosmetic 2023-02-07
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  South Korea ordered to pay compensation to victim of Vietnam War mass killing SEOUL -- A South Korean court has ordered the government to pay compensation to a bereaved family of Vietnamese civilians killed by Korean troops during the Vietnam War. On February 7, the Seoul Central District Court made the first ruling that acknowledged the Korean government's liability for the mass killings of civilians during the war. The court ruled in favor of the 63-year-old plaintiff, Nguyen Thi Thanh, ordering the Seoul government to pay 30 million won ($24,680) 2023-02-07
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  AI care speakers to be provided in western coastal city for dementia patients SEOUL -- South Korea's western coastal city of Boryeong will provide artificial intelligence-based speech recognition speakers for mild dementia patients. The care robots will monitor patients and offer personalized services such as playing music and providing memory tests. In case of emergency, the solution will notify human caregivers. Dementia is a progressive disorder that causes brain cells to degenerate and die. Patients often suffer from memory decline. Government data s 2023-02-07
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  Researchers develop 3D-printed membrane capable of producing electricity and drinking water SEOUL -- South Korean researchers developed a special membrane that can simultaneously filter water and create electricity. The membrane can be used in water purification plants, sewage processing facilities and other water-related facilities to produce drinking water and electricity. The membrane produced using a 3D-printing method can be created into various sizes. The Korea Institute of Science and Technology (KIST) said that its research team created an electricity generation a 2023-02-07
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  Simens Gamesa partners with Doosan Enerbility for offshore wind power projects in S. Korea SEOUL -- Doosan Enerbility, a key player in South Korea's power industry, teamed up with Siemens Gamesa, a Spanish-German wind power solution producer, to carry out various offshore wind projects in South Korea. The South Korean manufacturer will adopt the Spanish-German company's offshore direct drive nacelle technology. A nacelle is a component of a wind turbine that houses various equipment including a shaft, gearbox, and generator. Although most wind turbines use a gear 2023-02-07
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  ​Kakao Pay enjoys net profit of $22 million in 2022, despite service disruption SEOUL -- Kakao Pay, the online payment arm of South Korea's tech giant Kakao Corp., posted a net profit of 27.5 billion won ($22 million) on a consolidated basis last year, the company said on January 7. The firm attributed the profit to handsome financial income from internal reserves which increased amid high interest rates. However, Kakao Pay suffered an operating loss of 45.5 billion won in 2022, compared to 27.2 billion won worth of loss a year earlier. The payment s 2023-02-07
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  Sales of facemasks decrease after government lifts compulsory indoor mask regulations SEOUL -- Sales of facemasks have decreased since the South Korean government lifted regulations on wearing masks in indoor environments on January 30. Sales of quick COVID-19 antigen test kits have also decreased. However, sales of convenient meal kits including lunchboxes and sandwiches at convenience stores have increased, reflecting that more people are starting to eat freely in indoor spaces including offices and public areas. South Korea recorded 5,850 new COVID-19 cases on Februa 2023-02-07
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  S. Korean firms concerned about possible deterioration in business environment in Vietnam: survey SEOUL -- South Korean companies doing business in Vietnam have concerns about a potential deterioration in the business environment in the Southeast Asian country, according to a recent survey conducted by the Korea Institute for Industrial Economics and Trade (KIET) and the Korea Chamber of Business in Vietnam (Kocham). Out of 326 surveyed Korean firms, 49.7 percent said they predict that the business environment there will get worse down the road. And 38 percent of them cited t 2023-02-06
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  India to benefit from US-China great power rivalry: BOK SEOUL -- The Bank of Korea (BOK) said February 5 that India is likely to benefit from the ongoing great power competition between the United States and China. The central bank said in a report that if China's role is reduced in the global supply chains due to conflicts between the U.S.-led Western democracies and authoritarian countries such as China and Russia, India could emerge as a beneficiary of the rivalry. The BOK took an example of Taiwan's Foxconn, the world 2023-02-06
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  South Korea's 5G service users increase by about 600 percent since 2019 SEOUL -- The number of South Korea's 5G mobile communication service users increased by about 600 percent compared to some 4.6 million users in 2019. 5G networks that offer up to 100 times faster data transfer speed than 4G networks were commercialized in the country in early 2019. South Korea's 5G mobile communication service was first introduced in April 2019. The number of users increased to some 11.8 million in 2020 and 20.9 million in 2021. Since the latest generation 2023-02-06
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  Papa John's Korea releases first vegan pizza products in S. Korea SEOUL -- Targeting South Korea's steadily growing vegan population, the South Korean office of American pizza restaurant chain Papa John's has rolled out vegan pizza products for the first time among domestic pizza brands. The plant-based pizzas will be sold through more than 220 Papa John's stores across the country. South Korea's vegan meat market has been rapidly growing to meet demands from some 2 million vegans. Data released by the Korea Agro-Fisheries & F 2023-02-06
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  Fuel prices surge 31.7% in January, hitting highest level since April 1998 SEOUL -- Fuel prices skyrocketed more than 30 percent in January, driven by high global energy prices, according to the Korea Statistical Information Service (KOSIS). The state data portal said February 5 that the fuel price index surged 31.7 percent year-on-year to 135.75 last month, hitting the highest level since it soared 38.2 percent in April 1998 in the aftermath of the 1997 Asian financial crisis. Electricity charges jumped 29.5 percent, the highest since they climbed 2023-02-06
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  State institute develops reliable AI with keen physics insights for video image restoration SEOUL -- A research team from a prominent state research institute has developed artificial intelligence that can predict variables based on the law of physics. The AI would be ideal for comparing medical images for an accurate diagnosis of diseases or for detecting defects at a semiconductor factory. While an ordinary video clip with clear images can be analyzed by an AI-based solution, other video clips that have diffracted images and objects blurred by movement are difficult t 2023-02-06
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  KT's AI certificate 'AICE' to be adopted in Seoul's vocational schools' curriculum SEOUL -- To nurture artificial intelligence experts, the Seoul Metropolitan Office of Education will adopt AI Certificate for Everyone (AICE), an artificial intelligence-related certificate program created by South Korea's major telecom company KT, at 10 vocational high schools. Students who completed the program can receive benefits when applying to several companies including KT. AICE, which has five different levels from beginner to professional, evaluates the ability to uti 2023-02-06
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  Researchers use 3D-printing technique to produce smart AR contact lens SEOUL -- A team of researchers has used a special 3D printing technique to produce a smart contact lens for augmented and virtual reality. The convenient and efficient production technique provides a higher chance of commercialization for the innovative contact lens. 3D printing uses special filaments that are molten before they are sprayed layer over layer to create the final shape. The filaments can be made of different materials that will harden when cooled. Thanks to 3D printer 2023-02-06
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  BTS' brother band TXT tops Billboard's top 200 popular albums chart with 'The Name Chapter: TEMPTATION' SEOUL -- TXT (Tomorrow X Together), a five-member boy band organized by the agency of top K-pop band BTS, has topped Billboard's top 200 popular albums chart with its fifth album titled "The Name Chapter: TEMPTATION." The group became the fifth K-pop band to grab the top place on the weekly chart that ranks the 200 most popular albums in the United States. The album, released on January 27, arrived atop the list on Billboard 200 chart with 161,500 equivalent album uni 2023-02-06
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  [OPINION] 'US special operations forces strike in Africa' KENOSHA, Wisconsin -- Bilal al-Sudani is not exactly a household name, which is all the more reason to highlight the fact that this dangerous terrorist leader ha 2023-02-06
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  [Weekly Stock Market] Foreigners' buying spree likely to support market rally SEOUL -- Last week, the KOSPI initially began in negative territory with selling pressure experienced during Samsung Electronics’ investor earnings call which provided negative headline newsflow denoting no plans to reduce ca 2023-02-05
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  Apple likely to launch mobile payment service soon in South Korea SEOUL -- Apple Pay, the mobile payment service of U.S. tech giant Apple Inc., is likely to make its debut in South Korea as early as next month, according to the Financial Services Commission (FSC). The FSC said February 3 that domestic credit card companies can introduce Apple Pay soon as they have taken relevant procedures required for the new payment service. Consumers using iPhones and other Apple devices will be allowed to make payments through Apply Pay, the FSC said. Cur 2023-02-03
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  Startup commercializes unmanned forest fire-monitoring smart pole SEOUL -- A startup specializing in closed-circuit television camera solutions has developed an unmanned smart pole that can detect forest fires and humans nearby using thermal image sensors. The pole capable of standalone operation by solar power panels can also collect video evidence in cases of wildfires. Springtime is the period when South Korea is exposed to wildfires. Especially with strong winds blowing from the southwestern parts of the Korean Peninsula, mountainous areas 2023-02-03