Latest news
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SK on signs five-year contract to receive key lithium battery material from Chile's SQM
SEOUL -- SK on, a battery maker affiliated with South Korea's SK Group, has signed a five-year contract to receive about 57,000 tons of lithium hydroxide, a key material for electric vehicle batteries, from SQM, a Chilean supplier of plant nutrients, iodine, lithium and industrial chemicals, as part of efforts to reduce its reliance on Chinese raw materials regulated by a U.S. inflation reduction act. Shipment is to begin in 2023. SK on said that the two sides would discuss futu
November 7, 2022 -
Researchers develop highly efficient and stable perovskite solar cells using new technique
SEOUL -- South Korean researchers have developed highly efficient and stable perovskite solar cells using a special technique to create a layer between cell components that would prevent energy loss when solar cells absorb sunlight and convert it to electricity. Currently, silicon-based solar cells are widely used but their maximum energy conversion efficiency is about 30 percent based on the assumptions of perfect sunlight absorption and no energy loss due to non-radiative charg
November 4, 2022 -
Virtual face creator app 'VeryMe' adopts guidelines to address ethical and legal concerns
SEOUL -- LionRocket, an artificial intelligence startup in South Korea, issued ethical guidelines on the use of "VeryMe," the world's first virtual face creator app that allows users to create and use their own unique virtual face based on their real face, to address ethical and legal concerns that may arise from the use of new technologies. VeryMe, unveiled in September 2022, is the first app in the industry to create a virtual face for ordinary people who want to h
November 4, 2022 -
AI-based smart radar sensors installed to protect state seed vault for preserving biodiversity
SEOUL -- LG Uplus has launched an AI-based smart radar service at South Korea's only seed vault, which is run by a state arboretum in a mountainous area to store seeds donated by institutions from all over the world and preserve biodiversity. Smart radar sensors were installed at the seed vault's entrance and archives to automatically detect the movement and location of intruders. A smart radar system in a toilet used by visitors can quickly recognize safety accidents. The
November 4, 2022 -
Demonstration center for autonomous boast starts operation in southern port city
SEOUL -- A demonstration center for autonomous vessels was placed into operation in the southern port city of Ulsan, serving as South Korea's main intellectual hub for acquiring core self-saling technologies. Thanks to the development of artificial intelligence and super-fast processor chips, the global autonomous vessel market is estimated to reach $3.9 billion by the end of 2022. The market for self-sailing ships will grow at an annual average growth rate of 9.6 percent to re
November 3, 2022 -
BTS agency posts 7.6 percent drop in Q3 operating profit despite brisk sales
SEOUL -- Hybe posted a 7.6 percent drop in operating profit in the third quarter of 2022 amid predictions that next year's earnings rate will be worse due to the enlistment of BTS members who accounted for up to 65 percent of sales. The multi-label agency anticipates better earnings in 2024 thanks to the good performance of rookies and other artists. Hybe's consolidated third-quarter sales were estimated at 445.5 billion won ($313.9 million), up 30.6 percent from a year ago,
November 3, 2022 -
Researchers discover method to quickly cultivate microalgal strain for biofuel production
SEOUL -- A state-run research body in South Korea has discovered a method to quickly cultivate a microalgal strain from cyanobacteria, known as blue-green algae, that can produce twice as much biofuel as other microorganisms due to rapid proliferation. The study opened the way for researchers to commercialize cyanobacteria-based carbon-neutral fuels. Biofuel can be produced from plants or from agricultural and industrial biowaste. The two most common types of biofuel are bioethano
November 3, 2022 -
WeMade attracts new investment from Microsoft and domestic investors
SEOUL -- WeMade, an online game developer that created "The Legend of Mir," a free-to-play fantasy massively multiplayer online role-playing game, has attracted strategic investment from Microsoft and two other domestic investors, shaking off skepticism among individual investors over its aggressive push for the establishment of a digital economy platform. WeMade said it has secured a fund of 66 billion won ($46 million) from Shinhan Asset Management, Kiwoom Securities and
November 3, 2022 -
Researchers develop AI voice recognition tech capable of understanding 24 languages
SEOUL -- South Korean researchers have developed a conversational artificial intelligence technology that can understand up to 24 languages including Korean, English, Chinese, and Japanese. The AI can recognize voices in different languages and convert conversations into texts. The technology can be used for AI assistants, AI tutors, and other AI-based services. Voice recognition technology led by global tech companies such as Google, Microsoft, and Amazon, is widely used. Smart te
November 3, 2022 -
Doosan Enerbility's subsidiary in Vietnam to supply substructure for Orsted's offshore windfarms
SEOUL -- Doosan Vina, the Vietnamese subsidiary of Doosan Enerbility, a power plant equipment manufacturer in South Korea, will supply a substructure for offshore windfarms to Orsted, a Danish power company involved in major offshore wind power projects in the world. Monopiles will be supplied for Orsted's offshore wind power projects in Southeast Asia and Europe. Doosan Enerbility said that a business agreement was signed between Doosan Vina and Orsted on the sidelines of a sus
November 3, 2022
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Korea's Ramyeon exports hit record high in first quarter
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Yoon, opposition leader sit down for talks for first time
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Price of Korean seaweed skyrockets amid growing demand overseas
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Dongwon F&B, Konkuk University join hands to develop safe pet food
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Korea sees 22% surge in moonlighting workers during 1st quarter
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Korea Western Power secures electricity supply deal in UAE
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Seoul unveils new slogan for iconic landmark 'Dongdaemun Design Plaza'
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VIDEO: Dongdaemun Design Plaza celebrates 10th anniversary
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Korean e-commerce firms vying to lure customers quitting Coupang over fee hike
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N. Korean leader inspects test-firing of new multiple rocket launcher shell