Latest News

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  ​Microsoft introduces special incubation program for S. Korean startups SEOUL -- To incubate South Korean startups with software-based products or services, Microsoft's Seoul office has introduced a support program that would provide various help including technical advisory from Microsoft and partners, benefits and credits worth 500 million won ($370,370), and free access to technology and tools. Earlier this year, Microsoft released "Microsoft for Startups Founders Hub," a virtual online hub designed to help startup entrepreneurs solve 2022-08-29
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  Robot maker Hyundai Robotics to operate disinfection robots at hospital in Seoul SEOUL -- While South Koreans are patiently enduring through a never-ending pandemic, Hyundai Robotics, a robot maker affiliated with South Korea's Hyundai shipbuilding group, deployed two quarantine robots, capable of improving air quality and removing harmful bacteria and viruses, to one of the largest hospitals in Seoul. Robots can autonomously avoid obstacles and navigate to their destination. Hyundai Robotics said in a statement on August 30 that two autonomous quarantine r 2022-08-29
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  Convenience store franchise GS25 reduces 522 tons of CO2 through on-foot delivery service SEOUL -- GS25, a South Korean convenience store franchise, has reduced carbon dioxide emissions by about 522 tons since the company rolled out an on-foot delivery service two years ago. Anyone aged more than 18 years old can participate as deliverymen to carry small-sized packages including groceries to homes within a radius of 1.5 kilometers (0.9 miles) from a store for a fee of up to 3,200 won ($2.38). According to data released by the national statistical office, online transact 2022-08-29
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  Popular food delivery service Baedal Minjok to test-use reusable food containers SEOUL -- South Korea's top food delivery service Baedal Minjok will test-use reusable food containers in Gangnam District, Seoul's heart of finance and fashion, as part of the capital city's project to reduce the use of disposable containers. Seoul said about 54 million disposable containers were used for delivery per month in 2021. Data released by the Korea Consumer Agency on February 2022 showed that an average consumer who often eats delivered food generates about 1 2022-08-29
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  POSCO Holdings builds recycling plant for secondary batteries in Poland SEOUL -- South Korea's leading steel group POSCO has completed the construction of a battery recycling plant in Poland to meet growing global demands for rechargeable battery recycling materials. The factory will produce scrap materials, also known as the black mass, by pulverizing discarded batteries and scraps collected in Europe. Secondary batteries, also known as rechargeable batteries including lithium-ion batteries, have become a key industry that would shape the future o 2022-08-26
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  [FOCUS] S. Korea's nuclear power industry regards Russia-Ukraine war as rare opportunity to bounce back from path of decline SEOUL -- South Korea's nuclear power industry regards a war between Russia and Ukraine as a rare opportunity to bounce back from the path of decline, buoyed by a crucial deal to join the construction of Egypt's first nuclear power plant at the hands of a Russian state company without being bounded by U.S.-led international sanctions. The paradoxical twist was cautiously put forward by policymakers when Korea Hydro & Nuclear Power (KHNP), the operator of 24 nuclear pow 2022-08-26
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  LG's gamining monitor using curved OLED display set to debut at IFA 2022 SEOUL -- At an industrial exhibition in Germany in early September, LG Electronics will unveil its new premium gaming monitor using a curved organic light-emitting diode display, which is designed for immersive gaming experiences and features serious gamers' demand. The new UltraGear OLED gaming monitor, 45GR95QE, with a 240Hz refresh rate will be showcased at IFA 2022 to be held in Berlin on September 2-6. It is LG's first display to combine a 45-inch screen size with 2022-08-26
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  LG Innotek talks with Tesla on potential deal to supply camera modules SEOUL -- LG Innotek, the electrical component wing of South Korea's LG Group, is talking with Tesla on a potential deal to supply camera modules for electric vehicles. Details were not given, but the module maker has been registered as a supplier of parts for Tesla vehicles. In a regulatory filing on August 25 to respond to a new report that Tesla would receive LG Innotek's camera modules worth one trillion won ($751 million), the South Korean company said that discussion 2022-08-26
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  Binance partners with provincial city to establish digital asset exchange SEOUL -- Binance, the world's largest cryptocurrency exchange, joined forces with South Korea's southern port city of Busan to build a digital asset exchange and carry out various blockchain-related projects in a demonstration zone. Binance will provide technical expertise and infrastructure while Busan will focus on administrative support. As of July 2022, a total of 395 cryptocurrencies were listed by Binance. In collaboration with South Korean entertainment powerhouses, 2022-08-26
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  Samsung releases eco-friendly protoype toilet for global social contribution initiative SEOUL -- Samsung researchers regard an eco-friendly toilet developed for a global social contribution initiative as "potentially life-changing" for billions of people who lack safe sanitation, especially those living in crowded urban areas in regions that are flood-prone, or where land, water, and resources for infrastructure are scarce. It is efficient for mass production and can promote sustainable and profitable sanitation services and businesses in poor urban setting 2022-08-26
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  Artists use avatars to perform and compete in anonymous virtual survival program SEOUL -- South Korean artists will compete in a virtual survival music program called "Avatar Singer" using their virtual characters. In the survival program that incorporates augmented reality and metaverse, a total of 10 teams will showcase performances and reveal their identity if they lose. The survival show hosted by MBN, a domestic TV channel, will air its first episode at 10:26 p.m. (1320 GMT) on August 26. Avatars, which have not been chosen by judges, will be e 2022-08-25
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  Lotte works with U.S. startup Syzygy and Japan's Sumitomo for world's first joint demonstration of ammonia photolysis technology SEOUL -- For the world's first joint demonstration of ammonia photolysis technology, U.S. startup Syzygy Plasmonics joined hands with South Korea's Lotte Group and Japan's Sumitomo Corporation. They will demonstrate the technology for producing green hydrogen for gas turbine power generation and high-purity hydrogen for fuel cells and hydrogen charging stations. Ammonia is considered an important part of a sustainable hydrogen ecosystem. An ammonia photolysis facility 2022-08-25
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  Eerie contest of staring into void regains popularity after being suspended by COVID-19 SEOUL -- A reception desk for applicants to participate in a river-side "space out" contest in South Korea was forced to shut down early due to high competition. The fun event has been almost forgotten for two years since it was suspended due to a COVID-19 pandemic. The contest to be held on September 4 in a park near a bridge over the Han river that flows across the center of Seoul is designed to break the stereotype that doing nothing is worthless. Indeed, it can help im 2022-08-25
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  Hanwha Solutions to commercialize eco-friendly cosmetics containers SEOUL -- Hanwha Solutions, a chemical and energy company affiliated with South Korea's Hanwha Group, joined a green campaign to commercialize eco-friendly cosmetics containers using waste plastic recycling materials, in cooperation with a beauty and cosmetics product maker. Hanwha Solutions joined hands with the holding company of Kolmar Korea and Yeon-U, a domestic cosmetics container maker, to push for the development, production, and distribution of eco-friendly cosmetics con 2022-08-25
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  POSCO Chemical clinches $804 million supply deal for ESS cathode material SEOUL -- POSCO Chemical, a unit of South Korea's top steel group POSCO, has clinched an $804 million deal to provide cathode materials for an energy storage system probably to a domestic client. Energy storage systems (ESSs) are normally used to store energy generated by renewable energy sources and redistribute electricity when green energy sources are not active. The deal reflects POSCO Chemical's aggressive strategy to build a mass-production base abroad and become a glo 2022-08-25
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  Hyundai in-house venture's robot used for pilot last mile delivery service from CU convenience store SEOUL -- An autonomous robot created by Mobinn, an in-house venture of South Korea's Hyundai auto group, will be deployed for a pilot last-mile delivery service from a convenience store to the doorstep of customers. The goal is to check the driving performance of delivery robots and their ability to overcome obstacles in urban environments. BGF Retail, the operator of South Korea's largest convenience store chain CU, tied up with Mobinn and NICE Information & Telecomm 2022-08-25
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  Researchers discover moisturizing effect of agar partially hydrolyzed with enzyme SEOUL -- Hyaluronic acid is an anionic, nonsulfated glycosaminoglycan distributed widely throughout connective, epithelial, and neural tissues. As a chief component of the extracellular matrix, it contributes significantly to cell proliferation and migration. The amount of hyaluronic acid decreases with aging. Hyaluronic acid is decomposed by an enzyme called hyaluronidase. By inhibiting the activity of hyaluronidase, skin moisturization can be maintained along with the effect of p 2022-08-24
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  Hanwha E&C uses gasfication technology to produce hydrogen and carbon monoxide SEOUL -- Hanwha E&C, a builder affiliated with South Korea's Hanwha Group, will produce high-value-added chemical raw materials such as hydrogen and carbon monoxide by using a gasification technology transferred by a state-run research body. Gasification converts organic or fossil-based carbonaceous materials in high temperatures, with a controlled amount of oxygen or steam into carbon monoxide, hydrogen, and carbon dioxide. The resulting gas mixture is called syngas or prod 2022-08-24
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  Researchers use redox-active interlayer strategy to develop high-energy lithium-sulfur batteries SEOUL -- Lithium-sulfur batteries have higher energy density than lithium-ion batteries, but it was not easy to commercialize them as their life and safety degrade. When lithium and sulfur meet during charging and discharging, it becomes lithium sulfide, also known as lithium polysulfide. Due to the high solubility, lithium polysulfide can be lost during repeated charging and discharging. A conventional strategy to mitigate such problems is to immobilize lithium polysulfide (LiPSs 2022-08-24
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  LG Uplus' entertainment tool app to provide five foreign language services SEOUL -- An entertainment tool app developed by South Korea’s mobile carrier LG Uplus will provide five foreign language services including English, Chinese, Japanese, Thai and Indonesian, to meet growing demands for K-pop content overseas. The app that has provided some 35,000 K-pop idol-related content was effectively used to broadcast online performances in real-time amid COVID-19. LG Uplus (LGU+) released a K-pop performance broadcasting platform tentatively named "U 2022-08-24