Latest News

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  Lotte Chemical completes pilot plant to produce tanks for fuel cell electric vehicles SEOUL -- Lotte Chemical, a major chemical company based in South Korea, has completed a pilot plant for the production of hydrogen tanks for fuel cell electric vehicles. It is designed to produce up to 15,000 50-liter hydrogen tanks annually. Lotte Chemical said it would develop various capacity hydrogen tanks and apply them to commercial vehicles and drones. "Hydrogen tank technology plays an important role in storing and utilizing hydrogen with the growth of hydrogen mobili 2022-09-07
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  Wristwatch-type IoT devices to be provided for monitoring disabled people SEOUL -- A wristwatch-type internet of things (IoT)-based device will be provided to disabled people in a district located in the central city of Daejeon so that human caregivers can check whether they get on shuttle buses between their homes and worksites. The smart device can also check if they fell down. Through a face recognition-based shuttle app and global positioning system (GPS)-based IoT devices, the district office of Yuseong in Daejeon will enable family members and care 2022-09-06
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  Hyundai shipbuilding group works with Hyundai Glovis to develop world's largest LCO2 carrier SEOUL -- South Korea's Hyundai shipbuilding group partnered with Hyundai Glovis to develop the world's largest liquefied carbon dioxide carrier powered by a liquefied natural gas propulsion system. The ship will be 284 meters long and 42 meters wide. Hyundai Glovis, the logistics wing of Hyundai Motor Group, said that a ship capable of carrying 74,000 cubic meters of liquefied carbon dioxide (LCO2) has obtained Approval in Principle from the American Bureau of Shipping (ABS) 2022-09-06
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  KCC works with state research group to develop mobility coating material technology SEOUL -- Using technology provided by a state-run research body, KCC, a top provider of construction materials and paints, will develop a coating material capable of removing scratches from car surfaces in about 30 minutes just by exposing them to sunlight. Commercialization will help reduce the use of organic solvents for repainting vehicles. "By combining KCC's accumulated paint techniques and component technology from the Korea Research Institute of Chemical Technology, 2022-09-06
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  Hanwha Defense hopes to talk with Poland's defense group on joint weapons development SEOUL -- Hanwha Defense, a major defense company affiliated with South Korea's Hanwha Group, will open an earnest discussion with Poland's state defense group on the potential joint development of a multiple rocket system and a new infantry fighting vehicle on the sidelines of an arms trade fair in the European country that borders Ukraine. Poland has been interested in introducing Hanwha's next-generation infantry fighting vehicle called "Redback,", which is o 2022-09-06
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  Norway classification society partners with Daewoo shipyard to develop rotor sail system SEOUL -- DNV, an accredited registrar and classification society based in Norway, partnered with Daewoo Shipbuilding & Marine Engineering, a major shipbuilder in South Korea, to develop technologies on fuel saving devices and a rotor sail system, which is seen as an eco-friendly technology for reducing fuel and carbon dioxide emissions. When wind meets the spinning rotor sail, the air flow accelerates on one side and decelerates on the opposite side. The change in the speed of 2022-09-06
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  SK E&S consortium acquires right to operate Australian saltwater layer for carbon storage SEOUL -- SK E&S, an energy company affiliated with South Korea's third-largest conglomerate, SK Group, has acquired the right to operate an Australian sea bed for the storage of carbon dioxide in a saltwater layer filled with high-salt brine that has excellent stability in gas storage. Carbon dioxide resides in its liquid phase at high pressures and low temperatures in deep-sea sediments. Australia has promoted large-scale carbon capture and storage (CCS) projects in deple 2022-09-06
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  Canadian insect protein producer Aspire partners with Lotte Confectionery to expand edible insect market in Asia SEOUL -- Aspire Food Group, a Canada-based insect protein producer that manufactures a variety of food products made from crickets, partnered with the confectionary wing of Lotte Group to expand its market in Asia. Aspire will sell products through Lotte Confectionery's sales infrastructure and carry out joint research on alternative proteins. Edible insect species generate less environmental pollution than breeding cows and pigs. They are processed in food products such as sna 2022-09-06
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  SK chemicals work with domestic company to develop toothbrush using chemically recycled material SEOUL -- In an effort to expand its green chemical business, SK chemicals has partnered with a domestic company to develop a toothbrush brand using raw materials produced through chemical recycling that breaks down and returns plastic to its pure, raw material form. KNK, a toothbrush company, is to release a new eco-friendly brand in January 2023. It would be the first green design project of SK chemicals' business platform for a recycled plastic circulation ecosystem that conn 2022-09-06
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  Hyundai shipbuilding group works with classification society for early commercialization of self-sailing technology SEOUL -- With the purpose of preoccupying the market, South Korea's Hyundai shipbuilding group will work with a domestic maritime classification society to advance the commercialization of an autonomous navigation system developed by the group's in-house venture, Avikus, which has tested its technology using a giant natural gas carrier for a transoceanic voyage. Korean Register (KR) said that it has signed a joint development agreement with Hyundai Heavy Industries, Avikus 2022-09-05
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  [COLUMN] What can we learn from the Lone Star case? PROFILE Michael Breen is the CEO of Insight Communications which advises companies on managing PR crises and on local and international PR issues. A former foreign correspondent, he is the author of four books on Korea, most recently The New Koreans. SEOUL -- After a 10-year international arbitration case, the Korean government has been found guilty of unlawf 2022-09-05
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  ​BLACKPINK's new song 'Pink Venom' excluded from domestic music chart for citing name of French luxury brand SEOUL -- Pink Venom, K-pop girl band BLACKPINK's global hit song that entered on Billboard Hot 100 chart, was excluded from the chart of Music Bank, a famous TV music show in South Korea for mentioning Celine, a French ready-to-wear and leather luxury goods brand, in lyrics. Lisa, a Thai member of BLACKPINK, has been Celine's global ambassador. Pink Venom, which incorporated various genres including hip-hop and electronic dance music (EDM), has gained worldwide popularity si 2022-09-05
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  Daewoo shipyard applies new technologies to deliver eco-friendly shuttle tankers in time SEOUL -- Daewoo Shipbuilding & Marine Engineering has delivered two eco-friendly shuttle tankers to its Norwegian client by applying new technologies that helped the shipbuilder secure enough time to complete the construction of expensive ships in time. The ships are installed with a dual propulsion system capable of using liquefied natural gas (LNG) and liquefied petroleum gas (LPG) as fuel. In February 2020, Daewoo Shipbuilding & Marine Engineering (DSME) secured an order 2022-09-05
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  POSCO International solves bottleneck in grain shipment from Ukraine SEOUL -- With the departure of a grain ship carrying some 61,000 tons of corn for animal feed, POSCO International, a trading arm of South Korea's steel group, has solved a bottleneck in the shipment of grain from Ukraine, one of the world's key breadbaskets. Grain produced in Ukraine has piled up in silos due to Russia's blockade of Ukraine ports that sent global food prices soaring. Grain ships were able to leave Ukrainian ports under a plan brokered by the UN and Tur 2022-09-05
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  LG Electronics launches NFT platform in U.S., starting with Barry X Ball's digital artwork SEOUL -- LG Electronics has launched a non-fungible token (NFT) platform called "LG Art Lab" in the United States. Users can buy, sell and enjoy high-quality digital artwork displayed on LG TVs, starting with a digital artwork from American sculptor Barry X Ball who reinterprets classical and modernist sculptures using 3D scanning and printing technologies, as well as traditional techniques. Once purchased, NFTs can be traded on a marketplace, where users can easily view 2022-09-05
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  KT lowers price of AI call assistant service to gain more users SEOUL -- South Korea's top telecom company KT lowered the price of its artificial intelligence-based call assistant service by a quarter while maintaining core functions to gain more users. The operators of one-man stores and small-sized companies can effectively manage reservations and other customer-related inquiries. Unlike an automatic response system (ARS) which allows callers to access information through a response system of pre-recorded messages, the AI call assistant s 2022-09-05
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  Three SK Group units work with Petronas subsidiary to cooperate in clean energy business SEOUL -- South Korea's SK Group joined hands with Malaysia's state oil and gas company Petronas to cooperate in clean energy businesses through their subsidiaries and discover joint business projects in the fields of hydrogen, fuel cells, and electric vehicle charging. The group hopes to create synergy by combining its technologies and capabilities with Petronas' production and distribution infrastructure. A memorandum of understanding has been signed between Gentari, a 2022-09-05
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  Military program endorsed to improve performance of AH-64E Gurdian attack helicopters SEOUL -- South Korea's military endorsed a program to spend some 400 billion won ($293 million) on improving the performance of AH-64E Guardian attack helicopters in operation with tactical data links and fire control radars by 2027. The program is aimed at producing the same performance as the latest version run by U.S. troops based in South Korea. The proposed performance improvement of Boeing's AH-64 Apache, a twin-turboshaft attack helicopter purchased by South Korea 2022-09-02
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  Naver Cloud unveils metaverse construction and operation solution called 'Metapod' SEOUL -- Naver Cloud, a cloud computing service wing of South Korea's top web portal operator and IT company, unveiled a metaverse construction and operation solution called "Metapod" that provides end-to-end management to customers who want to build a network of 3D virtual worlds focused on social connection. Metapod was characterized as a specialized solution for customers who want to hold short-term events on the metaverse, which is a collective virtual shared spa 2022-09-02
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  Nexon pledges functions capable of generating profits for new content creation and play platform SEOUL -- In its new content creation and play platform, "MapleStory Worlds," Nexon, a South Korean game company based in Japan, promised to sequentially introduce functions that can generate profits through worlds or avatar costumes produced by creators. Service areas will be expanded globally. "We ask for a lot of attention as it is a new attempt for users to become creators by opening our IP," Shin Min-seok, director of Nexon's new development division, sai 2022-09-02