Latest News

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  LG's information technology wing adopts blockchain-based staff identification cards SEOUL -- LG CNS, the information technology wing of South Korea's LG Group, has adopted blockchain-based staff identification cards that allow employees to enter all rooms in their workplace and use amenities without bringing plastic cards to identify themselves. Users don't need to worry about leaks of their personal information as the solution prevents such risks using decentralized identification (DID) technology. Unlike regular identification methods that store and mana 2022-12-13
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  GI Cell partners with Japan's Optieum Biotechnologies to commercialize CAR-NK cell products SEOUL -- GI Cell, affiliated with South Korea's biotechnology unicorn GI Innovation, has signed a research license agreement with Japan's Optieum Biotechnologies to develop and commercialize engineered natural killer cell-based products. The killer cells are regarded as the next-generation solution for hematological tumor treatments. According to GI Cell, the South Korean biotechnology company signed a research license and option agreement with Optieum Biotechnologies. The J 2022-12-13
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  Shinsegae's convenience store chain partners with meal kit maker targeting busy consumers SEOUL -- Emart24, the convenience store chain operated by South Korea's retail giant Shinsegae, has partnered with Super Kitchen, a ready-to-eat meal kit maker, targeting consumers who cannot spare time to shop and cook meals at home. Following the first wave of a coronavirus pandemic in early 2020, South Korea's food market saw a big change in consumers' shopping habits. According to the agriculture ministry, 2.4 percent of consumers bought processed food through onlin 2022-12-13
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  S. Korea's largest 1.5 gigawatt-class solar power complex to be built in southeastern city SEOUL -- The southern industrial city of Daegu some 240 kilometers (149 miles) southeast of Seoul will transform its outdated factory areas into a renewable energy power plant complex by replacing old slate factory roof materials with solar panels while using idle spaces for solar energy generation facilities. The solar power plant infrastructure, which would be the size of some 120 football fields, will have a 1.5-gigawatt generation capacity that can power some one million households 2022-12-13
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  Hyundai to supply fuel cell systems to European eco-friendly truck maker SEOUL -- HTWO, a fuel cell system wing of the Hyundai auto group, forged a partnership with ENGINIUS, a commercial eco-friendly truck-making wing of Germany's FAUN Group, to provide fuel cell systems. This is the first time the South Korean carmaker to sign a fuel cell system supply deal with a commercial carmaker. Hyundai's hydrogen fuel cell system brand HTWO was first introduced in December 2020 to develop fuel cell systems for cars, trains, and ships. Targeting China 2022-12-12
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  LS Cable wins $306.2 mln HVDC cable contract for Vanguard Offshore Wind Farm in Britain SEOUL -- LS Cable & System, a major cable maker in South Korea, has won a 400-billion-won ($306.2 million) contract for high-voltage direct transmission (HVDC) cables from Sweden's state power company Vattenfall. The special cable will be used for the delivery of electricity for an offshore wind farm that will be built some 47 kilometers (29 miles) east of Britain's eastern Norfolk coast. HVDC converts alternating current into high-voltage DC and can send large amounts 2022-12-12
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  S. Korea to recycle more than 20% of discarded materials from ocean by 2027 SEOUL -- In an effort to recycle more than 20 percent of waste materials collected from the ocean by 2027, South Korea's maritime ministry will launch a committee that manages various types of ocean waste. Such materials can be recycled and efficiently used as raw materials for eco-friendly products such as clothes, bags and shoes. According to data released by the Ministry of Oceans and Fisheries in 2021, more than one million tons of ocean waste were collected across the coun 2022-12-12
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  Hyundai Shipyard wins $69.8mln LPG tanker order from Oceania country SEOUL -- South Korea's Hyundai shipbuilding group grabbed an order worth $69.8 million to build a liquefied petroleum gas tanker ship, a typical type of ship that carries liquefied gas across oceans. The company also revealed during a conference call that the number of contracts won this year has exceeded its initial goal that was set earlier this year. Korea Shipbuilding & Offshore Engineering (KSOE) said during a conference call on December 12 that the company received a 2022-12-12
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  S. Korea to lead international standardization of liquid hydrogen fuel tank technology SEOUL -- South Korea's standardization proposal for liquid hydrogen fuel tank technology was adopted as a draft standard at an international conference. Fuel tanks that store hydrogen in a liquid state are crucial components for urban air mobility vehicles. Liquid hydrogen is created by cooling hydrogen gas to an extremely low temperature of about minus 253 degrees Celsius (minus 423 Fahrenheit). The liquified form has about ten times more energy density than the vapor state. 2022-12-12
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  Arms procurement agency partners with LIG Nex1 to develop high-performance counter-battery radar SEOUL -- South Korea's arms procurement agency has partnered with LIG Nex1, a defense contractor, to develop a high-performance counter-battery radar system in an effort to replace outdated radars that are currently in use. A counter-battery radar can detect artillery projectiles fired by one or more guns, rocket launchers mortars, and howitzers. When incoming artillery shots are detected, the counter-battery radar can pinpoint the location of enemy forces that fired them. Norm 2022-12-12
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  Atomy Chairman Park Han-gill receives consumer-friendly award from fair trade watchdog SEOUL -- The chaiman of South Korea's direct selling company Atomy has received an award from the country's state fair trade watchdog for rolling out consumer-friendly business management plans. The company was certified as a consumer-centered management company by the state consumer agency for the first time as a direct selling company in 2019. Founded in 2009 by chairman Park Han-gill, Atomy is a global direct distributor that recorded more than 2 trillion won in sales in 2022-12-09
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  S. Korea develops blueprint for space weather prediction system SEOUL -- South Korea had finished the development of the blueprint of a space weather forecast system project that would create a safe and stable operating environment for military recon satellites, communication satellites, and guided weaponry. The space weather forecast system will go online in 2024. While many regard space as an endless empty area except for places where planets are located, the vast zero-gravity area also has its weather conditions affected by situations like 2022-12-09
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  Seoul to renovate popular riverside areas to prevent accident by unexpected heavy rainfall SEOUL -- To establish a safe waterfront environment for Seoulites, the capital city will renovate popular stream and riverside areas by installing safety equipment and replacing outdated facilities with a new model. Safety facilities and disaster monitoring systems will be set up to remotely block access to riverside footpaths and bicycle roads in case of sudden heavy rainfall. In August 2022, Seoul experienced a life-threatening downpour, inundating homes, cars, buildings, and sub 2022-12-08
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  KT deploys AI concierge system to hotel in central Seoul SEOUL -- In an effort to popularize the company's artificial intelligence-based hotel concierge system, South Korea's largest telecom operator KT has deployed an AI concierge to a hotel in central Seoul. The AI-based system will help hotel operators save manpower costs and effectively manage customer inquiries. After commercializing a 5G-connected autonomous hotel concierge robot called "N bot" at a hotel near central Seoul in December 2019, KT has accelerated the 2022-12-08
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  Hyundai shipyard works on offshore floating facility to store and vaporize liquefied ammonia SEOUL -- South Korea's Hyundai shipbuilding group will develop a ship-type floating facility that can store and vaporize liquefied ammonia offshore for transfer to onshore pipelines. Ammonia is seen as a next-generation fuel that emits no carbon oxide during combustion, but floating storage and regasification facilities for ammonia at sea have not yet been constructed globally. In a joint project with Korea National Oil Corporation (KNOC) and Lloyd's Register, a Lon 2022-12-07
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  State body certifies Ace One's method to increase hydrogen content in synthetic gas SEOUL -- Ace One tech, a material inspection, measurement and analysis equipment manufacturer in South Korea, has worked out an eco-friendly method to increase the content of hydrogen in synthetic gas produced by the high-temperature pyrolysis of plastic waste. Synthetic gas, or syngas, is a mixture of hydrogen and carbon monoxide. Korea Testing Laboratory (KTL), a state-run certification body, certified that syngas produced by Ace One through the high-temperature gasification of pl 2022-12-07
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  Researchers develop power-saving wearable sweat sensor patch SEOUL -- A joint team of researchers has developed a low-power-consuming wearable sweat sensor patch that can monitor the health condition of wearers in real time. By monitoring perspiration, the wearable sensor can notify its wearer of possible low blood sugar levels or malnutrition. Sweat is a composite liquid solution that contains various minerals, nutrients, and chemicals that vary in real-time depending on health conditions. Sweat sensors monitor blood glucose and hydration 2022-12-07
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  DAPA joins government program to develop low-orbit satellite communication technology for military use SEOUL -- South Korea's arms procurement agency joined a government program to develop low-orbit satellite communication technology and secure orbit and frequencies. The core technology of low-orbit satellite communication will be used in the defense sector, as seen in Russia-Ukraine battlefields where troops relied on low-orbit satellite communication after ground networks were destroyed. The Ministry of Science and ICT said it has signed a business cooperation agreement with th 2022-12-07
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  KT provides first cloud-based virtual desktop service for central bank SEOUL -- South Korea's central bank became the first public financial body to adopt a cloud-based virtual desktop service provided by KT. The service provides a higher level of security than ordinary operating systems and allows bank officials to access their worksites anywhere, anytime. By law, South Korean financial organizations should use built-in virtual desktop infrastructure (VDI) operated through a centralized network controlled by an on-premise main server. The built-i 2022-12-07
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  Blockchain technology support center to open in southern port city SEOUL -- A blockchain technology support center will open in the southern port city of Busan to efficiently assist blockchain companies. The center will provide various services including consulting, legal and marketing-related advice, and educational programs. Companies can demonstrate various blockchain-based platforms inside the center size of about two football fields. Blockchain is basically a virtual ledger network system that is de facto unhackable. When a change is made to 2022-12-07