Latest News

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  Hanwha Aerospace to develop integrated avionics system through government space program SEOUL -- Hanwha Aerospace, an aircraft parts maker in South Korea, will participate in a government space program to develop and acquire core space technologies, which are required to send rockets and satellites into space. The company will develop an integrated avionics system that is one of the key elements in space programs. An avionics system platform is a combination of software and electronics for aircraft, rockets, drones, and spacecraft. The platform serves as the control t 2022-04-28
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  Pilot SBAS service set for December for safe aircraft flight with corrected GPS signals SEOUL -- South Korea will provide a pilot service for the safe flight of aircraft by correcting GPS errors in real-time probably in December 2022 using the first satellite dedicated to its independent satellite-based augmentation system (SBAS). It is an international standard system that provides accurate location information by satellite. Malaysia's MEASAT-3d communication satellite has been leased for 15 years. European heavy-lift space launch vehicle Ariane 5 carrying the MEA 2022-04-28
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  POSCO to increase oxygen and nitrogen storage tanks to secure foothold in industrial gas market SEOUL -- South Korea's steel group POSCO will secure its foothold in the domestic industrial gas market by increasing the total capacity of oxygen and nitrogen storage tanks. The two chemical elements are crucial in the semiconductor and shipbuilding sector which have been rapidly growing during the last few years. Oxygen and nitrogen are vital elements used in the steelmaking process to initiate exothermic reactions to remove impurities such as carbon, silicon, phosphorous, an 2022-04-27
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  Seoul uses digital twin technology to create virtual autonomous vehicle testing zone SEOUL -- Seoul will use digital twin technology to create a virtual autonomous vehicle testing zone that is identical to the real-world testing environment located in western Seoul. The virtual clone of the test drive zone will be open to the public so that any researchers, students, or institutes can freely test and demonstrate self-driving technologies. Sangam, a western district of Seoul, is a relatively tranquil residential area netted with low traffic roads compared to other 2022-04-27
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  Raytheon's SM-6 favored for use by S. Korean Aegis warships to intercept ballistic missiles SEOUL -- SM-6, a missile system developed by U.S. aerospace and defense company Raytheon, has been selected for use by South Korean Aegis warships to intercept North Korean ballistic missiles. SM-6 was developed as the only weapon that can perform anti-air warfare, ballistic missile defense and anti-surface warfare missions. The system offers navies more flexibility in limited ship space. The proposed acquisition of Raytheon's SM-6 through a foreign military sale (FMS) progra 2022-04-27
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  Kakao Enterprise partners with video tech solution company to beef up live commerce services SEOUL -- Kakao Enterprise, the artificial intelligence-based business solution developer wing of South Korea's web service giant Kakao, has partnered with a domestic video technology solution company to beef up the company's live commerce broadcasting platform. A live commerce service offers online and mobile entertainment shopping shows in formats that are similar to that of TV home shopping channels. However, unlike the original TV shopping show format, the online versi 2022-04-27
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  Seoul's public bike rental service becomes popular public transport system SEOUL -- Seoul's public bike rental service called "Ttareungi," also known as Seoul Bike, has become one of the capital city's most popular public transport systems by being used more than 100 million times in about six and a half years since the service was launched in December 2015. The public bicycle rental system is favored by Seoulites who wish to travel short distances of a few kilometers instead of using crowded buses or subway trains. As of April 2022, the 2022-04-27
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  Solus clinches 5-year contract to ship copper foils for ACC electric vehicle batteries SEOUL -- Solus Advanced Materials, an electric component and copper product maker in South Korea, has secured a five-year contract to provide copper foils to Automotive Cells Company, an automotive battery producer in Europe. Copper foils for secondary batteries work as the bridge between external components and internal lithium-ion transports. In a deal worth some 200 billion ($158 million), Solus said that its subsidiary in Hungary would ship copper foils for five years from 20 2022-04-27
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  Lotte Chemical partners with US battery startup SOELECT to set up joint venture SEOUL -- Lotte Chemical, a major chemical company in South Korea, has partnered with SOELECT, a North Carolina-based electric vehicle battery startup specializing in lithium metal batteries, to set up a joint venture. They have yet to make a decision on whether to build a lithium metal anode production plant in the United States. Founded in 2018, SOELECT focuses on the development and production of lithium metal anodes which are considered the next-generation battery parts that wil 2022-04-27
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  SK Inc. makes additional investment to acquires domestic SiC power semiconductor producer SEOUL -- As part of a group-wide campaign to strengthen its battery-related business, SK Inc., an investment-oriented holding company of South Korea's third-largest conglomerate SK Group, will acquire Yes Powertechnix, the only domestic producer of power semiconductors based on a component of silicon and carbide (SiC), which are emerging as a key component of electric vehicles. Through the additional injection of about 120 billion won ($95 million), SK Inc. said it would acqui 2022-04-27
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  Rare ordinance enacted by local assemblymen to protect toad ecosystem SEOUL -- A rare ordinance has been enacted by local assemblymen in South Korea to protect an ecosystem for the Asiatic toad between their habitat in a mountain and a spawning ground in the middle of a residential area. The Asiatic toad is a species of toad endemic to East Asia. The species is relatively rare on the Korean Peninsula. The Asiatic toad avoids dense forests, but is found in most other habitats, including grasslands, open forests, meadows, and cultivated areas. It pref 2022-04-26
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  Seoul to build micro hydropower plant near bridge in southeastern district SEOUL -- Seoul will build a 2.5 megawatt-class micro hydropower plant near Jamsil Bridge in southeastern Seoul with an annual capacity of some 14 gigawatt-hours. The power plant can power about 3,440 households annually and reduce about 6,600 tons of greenhouse gases. Micro hydropower plants generate electricity by converting energy generated by the flow of water in streams or waterways using a turbine. More electricity can be produced with a stronger drop and a greater quantity of 2022-04-26
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  LG and Seoul National University open joint research center for core hyperscale AI multimodal technologies SEOUL -- The research center operated by South Korea's LG Group and Seoul National University has opened a joint artificial intelligence research center to accelerate their study on hyperscale multimodal AI systems. A multimodal AI system uses special processing algorithms to learn and understand connections between various types of data including texts, voices, images, and other numerical data. The AI system can also mimic the way humans think to understand surroundings us 2022-04-26
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  Bebefinn creators anticipate great success with fast-growing popularity like Baby Shark SEOUL -- Creators of "Bebefinn," a three-dimension video animation show featuring the five-member family of a 20-month-old baby, anticipate a great success as in their previous work, the "Baby Shark Dance" video that made a phenomenal hit worldwide. Bebefinn, created by South Korea's Pink Pong Company, is an animated child who loves to play with Baby Shark. He has four family members -- mother, father, brother and sister. Through a three-minute video, Bebefin 2022-04-26
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  Doosan Bobcat joins hand with Plug-SK E&C joint venture to develop fuel cell forklifts SEOUL -- Doosan Bobcat, a construction equipment maker affiliated with South Korea's Doosan Group, joined hands with a joint venture created by SK E&C, the engineering and construction wing of SK Group, and PLUG, an American hydrogen energy company, to develop and commercialize hydrogen fuel cell-powered forklifts. In January 2022, Doosan Bobcat showcased an all-electric compact track loader at CES 2022, the world's largest consumer electronics exhibition. The loader wa 2022-04-26
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  U.S. SMR company NuScale secures new partners in S. Korea to tap global market SEOUL -- NuScale Power and its South Korean partner, Doosan Enerbility, have secured two new copemates for their push to trailblaze a fledgling global power generation market for small modular reactors, which have been studied to address the limitations of traditional light-water reactors. NuScale, a small modular reactor (SMR) company in the United States, signed a memorandum of understanding with Doosan Enerbility, GS Energy and Samsung C&T, a construction and engineering com 2022-04-26
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  LG Chem and state institute to open joint laboratory for carbon-neutral technologies SEOUL -- LG Chem, the chemical unit of South Korea's LG Group, and a state science institute have opened a joint laboratory to research and develop carbon-neutral technologies that can tackle global warming due to the excessive use of fossil fuels. Green ethylene and organic acid production technologies will be researched and commercialized Many global companies, organizations, and institutes are locked in a race to develop techniques used to produce ethylene, a hydrocarbon reg 2022-04-26
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  World's first prototype floating community in Busan designed to accommodate residents living on ideal eco-village SEOUL -- The world's first prototype of a floating community to be built in South Korea's southern port city of Busan for a United Nations project to present a solution to ensure climate resilience will be designed to accommodate thousands of residents living on an ideal eco-village where water leisure and daily life harmonize. As the world's coastal cities are increasingly threatened by rising populations and sea levels, the UN is exploring a new approach to building 2022-04-26
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  Seoul to open pet school for puppies with behavior issues SEOUL -- Seoul will open a school for puppies where they can learn how to behave properly and improve self-discipline through a free, six-month training course. Depending on puppies' behavioral issues, optimized training will be provided so that animals can learn how to fix their destructive behaviors and manage their anxiety and anger. Data released by the Ministry of Agriculture, Food and Rural Affairs in 2021 showed that about 26 percent of pet owners have considered givi 2022-04-26
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  Southern city to build digital twin-based disaster monitoring infrastructure SEOUL -- South Korea's southern city of Daegu will build a disaster monitoring infrastructure using digital twin technology to test virtual disaster situations and make preparations for real-life disasters. Through collaboration with government agencies and research institutes, a local disaster monitoring system will be developed. Digital twins are virtual clones of machines, equipment and infrastructures. They are used to identify problems and the results of real-life situ 2022-04-25