Latest News

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  President Moon welcomes last-minute compromise between S. Korean battery makers SEOUL -- President Moon Jae-in welcomed a last-minute compromise to end a prolonged legal dispute between two major battery makers in South Korea, saying it would serve the national interests and long-term interests of each company at a time when the stability of a supply chain is becoming more important. "It is fortunate that LG and SK, which have grown to be the world's leading players in secondary batteries, have decided to end all legal disputes," Moo 2021-04-12
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  SK E&C ties up with KHNP for overseas expansion of SOFC convergence business SEOUL -- SK Engineering and Construction joined hands with the operator of nuclear power plants in South Korea to push for the overseas expansion of convergence business based on solid oxide fuel cells, which are now emerging as a fast-growing fuel cell segment thanks to energy diversification and the employment of alternative energy sources. SK E&C, a builder affiliated with South Korea's third-largest conglomerate SK Group, signed a memorandum of 2021-04-12
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  Hyper-local secondhand item trading service 'Daangn' garners more monthly active users SEOUL -- South Korea's mobile secondhand item trading service app platform "Daangn Market" has solidified its leading position in the domestic market with 15 million monthly active users in March, up 127 percent from 6.6 million a year ago. The runner-up is Bunjang with about 5.3 million users. Daangn attributed its success to matching local customers who are nearby through a "hyper-local" service that links customers within the limited g 2021-04-12
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  [FOCUS] President Moon hails rollout of home-made fighter jet as 'historic milestone' SEOUL -- After nearly two decades of strenuous work to shake off doubtful or sometimes depreciatory eyes from top-class foreign aircraft makers, South Korea finally rolled out the first prototype of its home-made fighter jet which was hailed by President Moon Jae-in as a "historic milestone" in independent aircraft development. The jet fighter was christened "KF-21 Boramae (Young Hawk)" in a ceremony chaired by Moon at the base of Korea Aerospace In 2021-04-09
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  Researchers develop tiny wearable metasurface gas sensor for holographic visual alarms SEOUL -- Researchers have developed a tiny wearable metasurface sensor capable of detecting harmful gases and biochemical substances in real-time. The sensor can be utilized in medical, military, industrial, and environmental sectors. Because it is tiny and flexible, the sensor can adhere to safety goggles. Detecting biological and chemical substances in real-time is vital for the safety of people in every environment. It is particularly important for public h 2021-04-09
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  Researchers discover method to mass-produce carminic acid from glucose SEOUL -- Carminic acid is an aromatic polyketide widely used as a natural red colorant. It has long been produced by the cumbersome farming of some scale insects, such as cochineal. The path to carminic acid biosynthesis has not been fully identified, making it difficult to develop a microorganism that produces carminic acid. A research team from the state-run Korea Advanced Institute of Science and Technology (KAIST) has developed Escherichia coli (E. coli) s 2021-04-09
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  KT jumps into Vietnam's music streaming market with digital platform SEOUL -- KT, a top telecom company in South Korea, jumped into Vietnam's music streaming market through cooperation with Vietnam Television, a national television broadcaster, utilizing a digital platform based on artificial intelligence, big data and cloud. KT signed a memorandum of understanding with Vietnam Cable Television (VTVCab), a subsidiary of Vietnam Television (VTV), to optimize the platform business model of KT's music streaming service, Genie Mus 2021-04-09
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  Daewoo shipyard gets smarter with advanced digital technologies SEOUL -- Like other South Korean shipbuilders working hard to strengthen their competitiveness with smart ship technologies, Daewoo Shipbuilding & Marine Engineering gets smarter by introducing advanced digital technologies such as Internet of Things (IoT) into shipbuilding, management and test operation. Daewoo Shipbuilding & Marine Engineering (DSME) said on April 8 that it has opened a digital production center at its shipyard in the southern island ci 2021-04-08
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  U.S. ​Bentley Systems partners with Hyundai Engineering to develop AI-based design system SEOUL -- Bentley Systems, a U.S. software developer, partnered with South Korea's Hyundai Engineering to develop an artificial intelligence-based automated design system for steel and concrete structures. The partnership will accelerate Hyundai Engineering's digital transformation. Hyundai Engineering said in a statement that it has signed a memorandum of understanding with Bentley Systems to cooperate in the system development of an AI-based automated cons 2021-04-08
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  Hyundai auto group partners with state agency to share AI training data SEOUL -- South Korea's Hyundai auto group has partnered with a state information agency to share training data for artificial intelligence development. The data will be used for upgrading the group's future mobility technologies such as voice recognition, autonomous driving and mobility-related software. A training dataset is a dataset of examples used during AI model development's machine learning phase. The dataset includes a set of e 2021-04-08
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  Samsung shipyard acquires independent technologies for wind turbine installation vessel SEOUL -- Samsung Heavy Industries, a major shipbuilder in South Korea, has acquired original technologies for the construction of a wind turbine installation vessel (WTIV) featuring eco-friendly technologies. The vessel is designed for the installation of offshore wind turbines. Similar to a jack-up rig, it is self-elevating. Samsung Heavy Industries (SHI) said that the design of its low carbon-emitting WTIV concept has obtained "Approval 2021-04-08
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  Lotte Chemical introduces carbon capture utilization with gas separation membranes SEOUL --Lotte Chemical, a major chemical company based in South Korea, has introduced carbon capture utilization technology by using gas separation membranes to increase the purity of captured carbon dioxide and change it to essential industrial materials. Carbon dioxide can be captured directly from an industrial source by using a variety of technologies. Normally, CO2 is captured from large point sources for storage in an underground geological format 2021-04-08
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  Health officials to introduce SK Telecom's AI service for effective vaccination SEOUL -- South Korean health officials will introduce an artificial intelligence-based service for quick and effective COVID-19 vaccination. The service based on SK Telecom's AI service NUGU will begin providing vaccination-related information to digitally marginalized groups including the elderly from the third quarter of this year. SK Telecom (SKT) said it has signed a memorandum of understanding with the Korea Disease Control and Prevention Agency (KDCA) 2021-04-08
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  ​Expressway operators to scale up test of AI-based truck-monitoring system SEOUL -- Expressway operators will scale up the demonstration of an artificial intelligence-based system to monitor and detect overloaded vehicles. The system was found to be effective through a six-month test operation that began in November 2020. Overloaded vehicles cause damages to the road surface and create potholes. Drivers are not easy to control the movement of overloaded trucks. About 57 percent of fatal accidents that took place on 2021-04-08
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  SK E&C and POSCO work on floating structure for offshore wind power generation SEOUL -- SK Engineering and Construction joined hands with South Korea's leading steel group, POSCO, to develop a competitive floating structure for offshore wind power generation. With POSCO's high-performance steel, the builder will secure core technologies for the development of an independent model optimized for the domestic marine environment. A floating structure for offshore wind power generation must provide enough buoyance to support the w 2021-04-08
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  Fire guts batteries at energy storage system in solar power plant SEOUL -- A fire at a private solar power plant gutted an energy storage system (ESS) that used batteries from LG Energy Solution affiliated with South Korea's LG Group, which has tried to find new business opportunities in the ESS market. Financial losses caused by the fire in Hongseong some 120 kilometers (74 miles) southwest of Seoul were estimated at about 440 million won ($393,384). An energy storage system (ESS) is a power storage system that consists of ba 2021-04-07
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  K-pop girl band MAMAMOO's label acquires rival entertainment company SEOUL -- The label of K-pop girl band MAMAMOO has built up its size for global expansion by acquiring a rival entertainment company that manages artists such as B1A4, Oh My Girl and ONF. Rainbow Bridge World (RBW) said it has secured more than 70 percent of WM Entertainment shares through a stock purchase agreement. Financial terms were not disclosed. WM Entertainment became a subsidiary of RBW, but the label would maintain its current management and i 2021-04-07
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  Naver makes strategic investment in Indonesia's media group Emtek SEOUL -- In an effort to expand its presence in Southeast Asia, Naver, a top web portal service operator and IT company in South Korea, invested $150 million in Elang Mahkota Teknologi (Emtek), an Indonesian technology, telecom and media conglomerate, to set up a strategic partnership. The investment is aimed at finding new growth opportunities in Southeast Asia, Naver said in a statement on April 7, adding webtoon-based content can create synergy with Emtek' 2021-04-07
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  Hanmi's short bowel syndrome drug wins FDA fast track designation SEOUL -- Hanmi Pharmaceutical's rare drug for the treatment of short bowel syndrome has won "fast track" designation from the U.S. Food and Drug Administration (FDA). Fast track is a process designed to facilitate development and expedite the review of drugs to treat serious conditions and fill an unmet medical need. Hanmi Pharmaceutical, a major drug maker in South Korea, said it would start second-phase clinical trials abroad soon 2021-04-07
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  Naver partners with domestic firm to create S. Korean version of Google's Chromebook SEOUL -- Naver, a top web portal service operator and IT company in South Korea, will create a laptop ideal for educational purposes in cooperation with Lucoms, a domestic personal computer maker, benchmarking Chromebook powered by Google's Chrome OS. Chromebook, released in 2012 as an affordable laptop, attracted schools with performances optimized for educational activities such as online classes and e-learning, which involves digital textbooks and other dig 2021-04-07