Latest News

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  SK Chemicals ready for mass production of PO3G polymer derived from biological raw materials SEOUL -- SK Chemicals, a unit of South Korea's SK Group, is ready for the mass production of PO3G (Polyoxytrimethylene Glycol), a polymer derived from biological raw materials, using fermented corn. The new material brand-named "Ecotrion" reduces greenhouse gas emissions and offers long durability. SK Chemicals has completed the establishment of a PO3G production line in the southeastern industrial port city of Ulsan. PO3G products would be mainly used for materials th 2022-05-02
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  LF's online store to offer NFT-based luxury goods authentication service SEOUL -- South Korea's major fashion retailer LF has adopted a non-fungible token-based product authentication service for customers who buy luxury goods through the retailer's online shopping mall. A non-fungible token (NFT) is a blockchain-based digital token containing the necessary information to verify and authenticate an object or a non-fungible asset in the real world. Each token is given unique identification hash values so that they can be used as an unhackable 2022-05-02
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  KT commercializes AI control tower solution for automated communication network management SEOUL -- South Korea's top telecom company KT commercialized an artificial intelligence-based control tower solution that can help business and infrastructure operators easily manage their communication networks in real-time. The solution can monitor various communication data and preemptively detect network malfunctions in real-time and provide solutions to solve problems without the need for a human communication network specialist. KT's AI-based control tower solution & 2022-05-02
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  KT partners with Shinhan to upgrade AI-based financial fraud prevention system SEOUL -- KT, a top telecom company in South Korea, has partnered with a major domestic financial group to upgrade an artificial intelligence-based financial fraud prevention system. The anti-fraud system will help the financial service operator preemptively detect and cut off fraud attempts in real-time. Phishing is the most common financial fraud method used to lure people to unveil their personal information including their personal identification numbers, bank accounts and pas 2022-05-02
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  CJ ENM acquires stake in U.S. metaverse studio Hyperreal SEOUL -- Through a strategic investment aimed at strengthening content production capabilities, CJ ENM has acquired a stake in Hyperreal, a U.S. metaverse studio and entertainment producer that creates digital humans in visual effects studios. The South Korean media company that created the Oscar-winning film "Parasite" anticipates synergy when Hyperreal's technology is applied to its content library. The size of CJ ENM's investment was not disclosed. CJ ENM gaine 2022-05-02
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  S. Korea to demonstrate small fishing boat using carbon composite materials SEOUL -- The demonstration of small fishing boats manufactured with carbon fiber-reinforced polymers began in a state project aimed at nurturing the use of homemade carbon fibers and establishing an independent value chain of carbon materials in South Korea. Carbon fiber-reinforced polymers (CFRP), or known as carbon composite, are extremely strong and light fiber-reinforced plastics. CFRPs are used in an increasing number of high-end products that require stiffness and low weight, 2022-04-29
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  SK ecoplant joins hands with power generation company to invest in green hydrogen facilities abroad SEOUL -- SK ecoplant joined hands with a public power generation company to invest in green hydrogen facilities abroad, focusing on Australia and the Middle East. Green hydrogen is a type of hydrogen fuel that does not use any fossil fuel during its manufacturing process. Korea East West Power will purchase green hydrogen made overseas, along with the operation and maintenance of related facilities. SK ecoplant is in charge of hydrogen production solutions including electrolysis te 2022-04-29
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  GI-Cell partners with Helixmith and Cartexell to develop cell therapy technology SEOUL -- GI-Cell, a South Korean developer of immune cell therapy products, has partnered with DNA and protein-based therapeutics companies to jointly develop cell therapy technologies involving immune cells to enhance disease-fighting abilities of target patients. GI-Cell has signed a memorandum of understanding with Helixmith and Cartexell to develop cell therapy medicine based on an immune cell expander platform. GI-Cell hopes to target the global immune cell therapy market thro 2022-04-29
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  Game developer Com2uS invests in regional partner of play-to-earn gaming guild YGG SEOUL -- Com2uS, a game development and publishing company in South Korea, has become an initial investor in Ola GG, a regionally focused partner of Yield Guild Games (YGG), a play-to-earn gaming guild, which has raised $8 million to acquire yield-generating non-fungible tokens and the creation of Spanish-language educational content. Ola GG has raised $8 million from Com2uS and other investors to acquire yield-generating non-fungible tokens and the creation of Spanish-language 2022-04-29
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  SM Lab founded by UNIST professor attracts attention over possible battery deal with Volkswagen SEOUL -- Cho Jae-phil, a professor of energy and chemical engineering at Ulsan National Institute of Science and Technology (UNIST), was thrown into the spotlight due to unconfirmed news reports that his startup has reached an agreement German motor vehicle manufacturer Volkswagen to develop new materials for electric vehicle batteries together. There was no confirmation from Volkswagen and Singular Materials Laboratory (SM Lab), a startup founded by Cho in 2018, but South Korean me 2022-04-29
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  Shinsegae's online fashion platform to promote lifestyle goods using short-form video content SEOUL -- W Concept, the online fashion platform wing of South Korea's retail giant Shinsegae, will promote various lifestyle products including rugs using short-form video content targeting young consumers who enjoy watching short video clips using their smartphones. Short-form videos that are about 15 to 1 minute long are used to grab the attention of students and workers living busy lives. Using various visual and sound effects, short-form content mesmerizes viewers who watch 2022-04-29
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  First batch of new homemade flight control radars deployed to military airports in S. Korea SEOUL -- To replace outdated foreign-made radars that have been used at military airports for three decades, South Korea has rolled out new air traffic control radars using homemade parts with improved performance. The first batch of mass-produced products has been deployed for the safe landing of jet fighters. Precision approach radar (PAR) is a type of radar that helps planes land at an airport by providing lateral and vertical guidance. PARs are mainly used for the control of ai 2022-04-29
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  French company Air Liquide sets up hydrogen joint venture with Lotte Chemical SEOUL -- Air Liquide, a French supplier of industrial gases and services, set up a joint venture with Lotte Chemical, a major chemical company based in South Korea, to establish a supply chain by utilizing by-product hydrogen for hydrogen vehicles. It is the first step of cooperation following an agreement on their strategic alliance in May 2021. Lotte Chemical said that a ceremony took place in Seoul on April 29 to set up the joint venture with Air Liquide Korea. The French compa 2022-04-29
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  Norway's Equinor selects marine survey company for floating wind farm zone in S. Korea SEOUL -- Equinor, a Norwegian state-owned multinational energy company, has selected GeoView, a marine survey company in South Korea, for the undersea geophysical exploration and mapping of a venue for the installation of a major floating wind farm off the southeastern port city of Ulsan. Equinor has been involved in the construction of two floating wind farms off Ulsan. An environmental impact assessment is underway at the company's independent "Firefly" zone where 2022-04-28
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  Researchers develop highly efficient technique to retrieve rare metals from discarded EV batteries SEOUL -- Researchers from a state geoscience research institute have found a technique to retrieve rare metals from discarded electric vehicle batteries. Lithium-ion batteries contain rare metals such as nickel, cobalt, and lithium which can be recycled into new products. According to data released by French market research firm Yole Developpement, the global lithium-ion battery recycling market capacity is projected to grow at an annual average growth rate of 30 percent to reach 4 2022-04-28
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  S. Korea eases concern about urea solution shortage with independent production SEOUL -- South Korea will be able to escape fears of a crippling shortage in an essential industrial material that could paralyze traffic by achieving a domestic supply network of ammonium carbonate, a chemical compound that can replace an aqueous urea solution being used to cut pollution created by diesel engines. The achievement was the result of fast technology development with full government support. Capro, a chemical company that produces raw materials for nylon in South Korea 2022-04-28
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  Researchers develop technique to reduce inflammatory tissue reaction by implantable bioelectrodes SEOUL -- South Korean researchers have developed a technique that can be used for reducing inflammatory tissue reactions caused by bioelectrodes used in medical implants. When a body shows a foreign body reaction to implants, tissues that come in direct contact with electrodes can become inflamed or thick with scar tissues to lower the performance of the medical device. Bioelectrodes are conductive devices implanted or adhered to the tissue or other organs. They can sense ion distr 2022-04-28
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  OCI's Malaysian subsidiary secures long-term polysilicon supply with Hanwha Solutions SEOUL -- OCI, a green energy and chemical product maker in South Korea, will ship polysilicon for solar energy to Hanwha Solutions, a chemical and energy unit of Hanwha Group, under a long-term contract worth $1.2 billion through its subsidiary in Malaysia that uses hydroelectric power to produce low-carbon products. OCI said its Malaysian subsidiary, OCIM Sdn. Bhd. (OCIMSB) would ship polysilicon for 10 years from July 2024 to Hanwha Solutions, which controls Hanwha Q Cells, 2022-04-28
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  Doosan Fuel Cell partners with Canada's Ballard to develop hydrogen fuel cell system for mobility SEOUL -- Doosan Fuel Cell partnered with Ballard Power Systems, a Canadian manufacturer of polymer-electrolyte membrane fuel cells (PEMFC), to develop a hydrogen fuel cell system for mobility. PEMFC is being developed mainly for transport applications as well as for stationary and portable fuel-cell applications due to its high energy efficiency, simple structure and excellent durability. Hydrogen fuel cells use hydrogen as fuel to produce electricity. Small-sized cells are insta 2022-04-28
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  KT partners with O2O platform operator Manna Planet to develop remote-ordering system SEOUL -- South Korea's top telecom company KT partnered with Manna Planet, a domestic IT company specializing in online-to-offline platforms, to accelerate digital transformation that would help small business owners save costs and improve work efficiency through automation. Various remote-ordering systems will be created. Digital transformation (DX) incorporates various technologies such as internet of things (IoT), artificial intelligence and big data. Business operators can 2022-04-28