Latest News

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  Yanolja to make foray into South Korea's live commerce market SEOUL -- Yanolja, a leading travel and leisure activity reservation service platform in South Korea, will launch a live commerce service to gain a competitive edge in the country's mobile hotel and travel booking market. The company will attract customers to its online live shopping show with mobile coupons and special hotel deals. Live commerce is a home shopping-like online service that uses mobile shopping platforms or social media for live streaming. Two-way communication wi 2021-11-05
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  LG's autonomous guide robot assists visitors at horse race park SEOUL -- South Korea's main thoroughbred race park has adopted a smart guide robot developed by LG Electronics to assist visitors. Using a 27-inch display panel, the guidebot provides race results and other types of information including a map and routes. An "LG CLOI Guidebot" was deployed at the Seoul Race Park located at the southeastern outskirt of the capital city on November 5. The guidebot greets and assists visitors. "LG's differentiated robot solution 2021-11-05
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  ​S. Korea designates southern port city as regulation-free zone for R&D of ammonia fuel SEOUL -- South Korea has designated the southern port city of Busan as a regulation-free zone for the research and development of ammonia fuel. The zone will become the country's bridgehead into the global marine clean fuel industry, which is rapidly growing due to tightening carbon emissions regulations. Ammonia which consists of one nitrogen atom and three hydrogen atoms is garnering attention due to its carbon-free nature that can be used as a potential fuel to reduce carbon 2021-11-04
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  Germany persuades S. Korea to participate in Europe's 'Gaia-X' project SEOUL -- Germany has finally won South Korea over for its campaign to expand the influence of Europe's "Gaia-X" project which has been launched to foster digital sovereignty and help European companies develop algorithms and artificial intelligence without relying on foreign technology providers. South Korea would be the first non-EU country to set up a Gaia-X hub. Gaia-X could lower transaction costs by standardizing contracts and processes between cloud providers a 2021-11-04
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  SM Entertainment ties up with YouTube to remaster old K-pop music videos SEOUL -- SM Entertainment, a major entertainment powerhouse in South Korea, teamed up with YouTube to restore old K-pop music videos from the 1990s and 2000s and recreate them into new versions. Starting with the remastered version of H.O.T.'s "Warrior's Descendants," released on November 4, 2021, SM Entertainment will release remastered music videos of famous artists such as S.E.S., SHINHWA, Fly to the Sky and BoA through the company's official YouTube channel 2021-11-04
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  Hyundai drops teaser images for full-size concept electric SUV 'SEVEN' SEOUL -- South Korea's top carmaker Hyundai Motor has released sneak-peek images for "SEVEN," a full-size concept electric sport utility vehicle through its website. The latest brainchild of Hyundai will be showcased at an annual automotive show in Los Angeles on November 19. "SEVEN is a concept car that embodies Hyundai's design and technology visions for a full-size electric sport utility vehicle," the carmaker said, adding the concept car ex 2021-11-04
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  Hyundai Oilbank partners with Danish company to develop renewable synthetic fuels SEOUL -- Hyundai Oilbank partnered with a Danish company specializing in carbon reduction technologies to push for the development of renewable synthetic fuels, known as e-fuels, which are carbon neutral and can allow vehicles, airplanes and ships to operate in a climate-friendly manner without releasing additional carbon dioxide. The production of e-fuels is based on the extraction of hydrogen by means of an electrolysis process that breaks down water into hydrogen and oxygen. Hy 2021-11-04
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  Shinsegae to beef up same-day grocery delivery service to meet online shopping demands SEOUL -- SSG.com, the online shopping mall operator run by South Korea's retail giant Shinsegae, will beef up its same-day delivery capacity to meet growing demands for quick grocery deliveries through an increase in the capacity and number of pick and pack centers at Shinsegae's Emart franchise stores. A pick and pack (PP) center is the heart of one-day or same-day delivery services. The center is normally located inside or right next to an affiliated mega-mart or a logisti 2021-11-04
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  SK C&C launches test platforms for audiobook production and distribution SEOUL -- Using a database that contains various audiobook-related information, SK C&C, the information technology wing of South Korea's SK Group, started a test operation of an online platform to help audiobook makers gain easy access to a pool of professionals including voice actors, producers and writers. Although audiobooks have been commonly used by schools and libraries in the western world since the 1970s, the idea of "listening" to books was first introduced 2021-11-04
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  LG Uplus develops small built-in subscriber identity module for devices SEOUL -- LG Uplus, a mobile carrier in South Korea, has teamed up with a transaction and security solution provider to develop a small built-in subscriber identity module featuring a physically unclonable function. The module, which is only 2mm wide and 3mm long, can be applied to various fields due to low production costs. A physically unclonable function (PUF) provides a physically defined "digital fingerprint" output that serves as a unique identifier. PUFs are most o 2021-11-04
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  BTS agency agrees to establish NFT joint venture with domestic blockchain company SEOUL -- Hybe, the agency of K-pop wonder BTS, diversified its business portfolio into non-fungible tokens through a joint venture with Dunamu, a blockchain company that operates South Korea's major cryptocurrency exchange Upbit, to turn the intellectual property of artists into digital assets that can be displayed and exchanged in fan communities. Hybe will issue new shares to secure some 700 billion won ($593 million) for its investment in Dunamu. A non-fungible token (NFT) 2021-11-04
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  Canada's Northland joins hands with LS Cable to cooperate in offshore wind farm projects SEOUL -- Northland Power, a power producer in Canada, teamed up with LS Cable & System to cooperate in offshore wind farm projects. The South Korean company has expanded production facilities to respond more effectively to the rapidly growing offshore wind power market. The two companies decided to cooperate for EPC (engineering, procurement, and construction) projects related to offshore wind power generation. Northland, which develops, builds, owns and operates clean and gre 2021-11-03
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  Seoul to offer metaverse-based administrative services by 2026 SEOUL -- Through a 3.9 billion won ($33.1 million) project, Seoul will create a brand-new public service by adopting metaverse platforms in various sectors including economy, culture, tourism and education. The capital city aims to use avatar workers to deal with citizens' complaints and provide various virtual tourism experiences by 2026. The metaverse is a digital world where physical reality and virtual spaces are combined. A metaverse platform allows users to have special ha 2021-11-03
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  Hyundai partners with Seoul University to develop next-generation EV batteries SEOUL -- Targeting the global electric vehicle market, which is projected to stand at $802 billion by 2027, South Korea's Hyundai auto group has forged a partnership with a domestic university to set up a research center that will develop cheaper and powerful next-generation batteries. The battery is a key component of electric vehicles because the total travel distance of a car mainly depends on the type and capacity of its pricey battery pack. While lithium-ion batteries are m 2021-11-03
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  Offshore sites capable of storing 730 mln tons of CO2 available in S. Korea SEOUL -- South Korea can store some 730 million tons of carbon dioxide at offshore storage sites, which are available for obvious use, based on a six-month survey of territorial waters and exclusive economic zones. The survey was conducted as part of a government campaign to achieve net-zero carbon dioxide emissions by 2050 in response to a global agenda for fighting climate change. In a seminar on November 3, the Ministry of Trade, Industry and Energy said that the government would 2021-11-03
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  About 10,000TB of video data consumed daily by S. Korean smartphone users : government data SEOUL -- About 10,000 terabytes of video content was consumed daily by South Koreans using smartphones and mobile devices in September 2021, thanks to a variety of content provided by over-the-top on-demand video services, government data showed. South Korea with a population of some 51 million has a smartphone distribution rate of about 95 percent. The Ministry of Science and ICT said in a statement on November 3 that South Koreans consumed 10,462 terabytes of video content using 2021-11-03
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  Researchers develop AI-based network platform recognizing face and environment SEOUL -- For the first time in the world, South Korean researchers have developed and demonstrated a smart networking platform that uses edge computing technology converged with artificial intelligence. The platform can recognize faces and situations that take place around edge nodes to take appropriate actions and request emergency service or police support. Edge computing is a network technology that uses nodes located at the edge of a network as local servers that will primarily 2021-11-03
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  [INTERVIEW] Metaverse expert advocates self-regulation and follow-up management SEOUL -- South Korea connected with super-fast communication networks is an ideal place for the commercialization of metaverse services that require stable and fast internet connection. An expert advocates self-regulation and follow-up management instead of comprehensive regulations that could lead to policy errors as common standards, interfaces, and communication protocols between and among virtual environment systems are still in development. The metaverse is a digital world th 2021-11-03
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  Norwegian salmon supplier to provide technical support for smart aquaculture cluster in Pohang SEOUL -- A Norwegian salmon supplier will provide technical support for an eco-friendly smart aquaculture cluster that will be built in South Korea's southeastern port city of Pohang. The cluster will be equipped with recycling facilities to purify and reuse water in farming as well as advanced technologies that measure information related to breeding and deliver it to artificial intelligence through communication devices. Pohang City said it has signed an investment agreement w 2021-11-02
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  Provincial city to demonstrate AI-based pedestrian detection technology SEOUL -- A provincial city located southwest of Seoul has started the demonstration of artificial intelligence (AI)-based pedestrian detection technology to protect children crossing roads in a school zone. The AI system will warn drivers by showing warnings on display boards if there is a pedestrian ahead. Siheung City said in a statement on November 2 that the city started a seven-month demonstration of the smart pedestrian detection system at an elementary school zone located nea 2021-11-02