Latest News

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  [CES 2023] SK ecoplant partners with Plug and Play Ventures to jointly develop eco-friendly businesses LAS VEGAS -- SK ecoplant, an environmental and energy solution provider affiliated with South Korea's SK Group, has joined hands with Plug and Play Ventures, an international early-stage venture capital, to cooperate in the development and investment of new eco-friendly businesses. 2022 has been a busy year for the South Korean environmental and energy solution provider. SK ecoplant partnered with a handful of companies across the globe to expand its business areas into vario 2023-01-08
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  ​[CES 2023] SK earthon reveals blueprint for becomeing leader in carbon capture & storage industry LAS VEGAS -- SK earthon, the eco-friendly energy business wing of South Korea's SK Group, has revealed the company’s blueprint to become an industry leader in the carbon capture and storage sector at the Consumer Electronics Show held in Las Vegas. The carbon capture and storage (CCS) technique uses special equipment to collect carbon dioxide created after burning fossil fuels or biomass before it enters the atmosphere. Using CCS, up to about 70 percent of carbon is c 2023-01-07
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  [CES 2023] LG Innotek showcases autonomous driving technology at CES LAS VEGAS -- LG Innotek, an electric component maker affiliated with South Korea’s LG Group, showcased the company’s top-notch autonomous driving technologies at the Consumer Electronics Show, an annual technology exhibition held in Las Vegas, for the first time. While the Consumer Electronics Show (CES) mainly focuses on electronics including smart devices and home appliances, the venue is also the favorite of carmakers and component manufacturers who wish to boast the 2023-01-07
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  [CES 2023] SKT simulates urban air mobility flight using VR system at CES LAS VEGAS -- SKT, South Korea’s largest mobile carrier, has mesmerized visitors to the Consumer Electronics Show, an annual electronics exhibition held in Las Vegas, through a virtual reality system that can simulate the flight of urban air mobility vehicles. South Korea launched a public-private consultative body called "Urban Air Mobility Team Korea" was launched in 2020 to commercialize flying taxis in Seoul by 2025 under a government roadmap that will enact a 2023-01-07
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  Super rookie girl band NewJeans to mesmerize fans using Multiview live-streaming technology SEOUL -- Using Multiview technology, which enables fans to choose different angles of a concert stage in real-time, South Korea's top web portal service Naver will livestream a performance by NewJeans, a super rookie girl group regarded as one of the most loved K-pop rookie bands in 2022. Viewers can also zoom in on their favorite member while enjoying the concert. Naver said in a statement that the five-member band's performance will be live broadcast on the company's 2023-01-06
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  [CES 2023] LG Electronics to demonstrate smart home platform using various home appliances at CES SEOUL -- At the Consumer Electronic Show, an annual electronics show held in Las Vegas, LG Electronics will demonstrate whether its smart platform can control home appliances created by other companies. Through the platform equipped with voice control and artificial intelligence technology, the company aims to upgrade the connectivity between products of many different brands so that consumers can conveniently use home appliances. The artificial intelligence (AI) platform called Th 2023-01-06
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  Samsung Electronics' operating profit plunges 69% in fourth quarter amid falling demand SEOUL -- Samsung Electronics' operating profit nosedived 69 percent to 4.3 trillion won ($3.37 billion) in the fourth quarter of last year from a year before due to the falling prices of memory chips amid a global economic slowdown, the IT giant said on January 6. It was the first time since the third quarter of 2014 that Samsung has posted a quarterly operating profit of less than 5 trillion won. The earnings shock came although the company enjoyed record-high yearly sales 2023-01-06
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  Korea takes world's top spot in eco-friendly ship construction in 2022 SEOUL -- South Korean shipbuilders received orders of 15.59 million compensated gross tons (CGT) last year, representing 37 percent of the orders placed worldwide, according to the Ministry of Trade, Industry and Energy. The country’s global shipbuilding market share hit the highest since 2018 when it reached 38 percent. Korea came second in the world orders ranking in 2022 after China which took a 49 percent share. Citing data from Clarkson Research Services, the trade m 2023-01-06
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  Nexon to pull plug on former bestseller online racing game 'Kartrider' SEOUL -- South Korea's major game publisher Nexon will pull the plug on the company's former bestseller online racing game "Kartrider" in March. A new racing game will be released to inherit the spirit of Kartrider, Nexon said. Kartrider released in 2004 is an online racing game featuring cute characters and powerful go-karts. The game garnered affection from all ages and genders at a breakneck speed to become one of the most popular online games in South Korea. 2023-01-06
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  [CES 2023] Samsung unveils smart home hub for 'super-connectivity' with multiple home devices SEOUL -- Samsung Electronics unveiled SmartThings Station, a smart home hub, which is designed to connect multiple devices like a TV, refrigerator, air conditioner, and power outlets, at the Consumer Electronics Show, an annual electronics show held in Las Vegas. Users can control connected smart home devices just by pressing a button on the SmartThings Station. A smart home system is a network of connected home appliances. Through a hub or server, users can access and control appl 2023-01-06
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  ​Southern port city starts multilingual menu board service in 50 restaurants to attract foreign customers SEOUL -- To attract more foreign customers, the southern port city of Busan started a smart menu board service that provides translated versions of restaurant menu boards. The price and name of menus are shown in four languages -- English, Chinese, Japanese and Spanish. Visitors can order food by simply scanning QR codes printed on menu boards. According to Busan Tourism Organization, about 2.7 million foreign tourists visited the port city in 2019, before the first wave of a c 2023-01-06
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  Pinkfong's venture capital firm creates $23.8 mln fund to provide tourism content using Baby Shark IP SEOUL -- Smart Study Ventures, a venture capital firm affiliated with Pinkfong, a South Korean educational entertainment company known for a catchy cartoon song called "Baby Shark," has created a 36 billion won ($28.3 million) fund to establish an offline tourism spot where visitors can enjoy Baby Shark's realistic content and goods. Busan, the southern port city known for its food and culture, invested about 5 billion won. Pinkfong said in a statement on January 5 t 2023-01-06
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  Hygiene product maker Aekyung's detergent manufacturing technology wins green certification SEOUL -- A manufacturing technology for kitchen detergents developed by Aekyung, a major hygiene product maker in South Korea, won government approval as green technology. The new eco-friendly method that uses natural extracts can replace synthetic additives with various chemical substances. Most chemical components in synthetic preservatives are decomposed in sewage treatment plants. One of the main components of synthetic preservatives is surfactants which weaken the surface tens 2023-01-05
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  [CES2023] State institute's self-driving racing machines to compete in CES 2023 challenge SEOUL -- An autonomous racing machine developed by South Korea's state research institute will compete head-to-head against other self-driving vehicles in high-speed races at this year's Consumer Electronics Show, a four-day annual electronics show scheduled to be kicked off in Las Vegas on January 5. The Indy Autonomous Challenge (IAC) is an annual self-driving racecar competition event where racing machines compete head-to-head at speeds of more than 190 miles per hour (3 2023-01-05
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  Vietnam emerges as Korea's most profitable trading partner in 2022 SEOUL -- Vietnam brought a bigger trade surplus to South Korea last year than any other trading partners of the latter, according to the Ministry of Trade, Industry and Energy. The ministry said on January 4 that South Korea posted an estimated $34.25 billion in trade surplus with Vietnam in 2022. The Southeast Asian country topped the list of countries with which South Korea enjoyed a surplus. Vietnam edged out Hong Kong which was listed at the top of the trade surplus list fo 2023-01-05
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  New five-minute PCR test technique developed using photothermal nanomaterial SEOUL -- A research team has developed a highly-accurate and ultra-quick polymerase chain reaction test technique that can obtain test results within 5 minutes, about three times faster than ordinary rapid antigen test kits that are commonly used for the testing of COVID-19. Ordinary test equipment using the polymerase chain reaction (PCR) method takes at least a few hours to detect a specific DNA strain type. The highly-accurate test technique also requires bulky testing equipment 2023-01-05
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  Kolon Industries partners with Hanyang University to develop gene therapy technology SEOUL -- A biotechnology research center specializing in age-related diseases partnered with Hanyang University in Seoul to carry out research and development projects for gene therapy. Through collaborations, the research center affiliated with Kolon Industries, a chemical textile manufacturing company in South Korea, will also play the role of an incubator for prominent young biotechnology researchers. Age-associated diseases include Parkinson's disease, arthritis, osteoporos 2023-01-05
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  ​Chinese man caught in Seoul two days after fleeing from quarantine facility SEOUL -- Police said on January 5 that they caught a 41-year-old Chinese man infected with COVID-19 who ran away from a quarantine facility after arriving at Incheon International Airport. He was tested positive for the coronavirus after undergoing a PCR test at the airport. The fugitive was apprehended at a Seoul hotel at 12:55 p.m. (0355 GMT), two days after he went into hiding, according to the police. He fled at 10:07 p.m. on January 3 after getting out of a car which brought 2023-01-05
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  Researchers develop distorted video image restoration technique for autonomous driving SEOUL -- Researchers from a prominent state research institute have developed a video image restoration technique that can correct video images distorted or partially covered by fog. The technique can be applied to autonomous cars that use cameras to detect pedestrians and other on-road obstacles. Autonomous vehicles normally use light detection and ranging (LIDAR) sensors or cameras to detect other cars, pedestrians, and other obstacles like animals to prevent accidents. Some car 2023-01-05
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  Operator of e-grocery platform Market Kurly postpones IPO plan SEOUL -- Kurly Corp., which operates e-grocery platform Market Kurly, has decided to put off an initial public offering (IPO) plan indefinitely due to dampened investor confidence amid deteriorating economic and market conditions at home and abroad. The move came more than four months after the company obtained preliminary approval for its listing on the Korea Exchange (KRX) on August 22 last year. Under its original plan, Kruly had sought to complete its listing process by next mon 2023-01-04