Latest News

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  CJ Cheil Jedang ties up with SKC to produce new biodegradable material for food packaging SEOUL -- CJ Cheil Jedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, tied up with SKC, a polyester film and chemical material manufacturer, to produce a new biodegradable plastic material that is flexible and durable. The material has been applied to the packaging of some food products. Many degradable plastic products have failed to attract attention because of their weak durability, while some bioplastics ar 2021-04-02
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  Naver beefs up ecommerce platform to increase communication between sellers and customers SEOUL -- Naver, a top web portal service operator and IT company in South Korea, has beefed up its mobile live commerce platform by adopting ultra-low latency technology that will help sellers and customers interact better. The technology will reduce latency in the transmission and reception of live content video from about 10 seconds to two seconds. Live commerce which is basically TV home shopping content converted into online and mobile platforms has garnered p 2021-04-02
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  Hanjin develops online delivery game to provide indirect experience to customers SEOUL -- The transportation and logistics service wing of Hanjin Group will launch an online delivery game aimed at providing a new way of indirect experience to customers and improving their empathy and understanding. It is the first of its kind in South Korea. The group, which runs Korean Air, has no know-how in game production. The online game called "Delivery King Island" allows users to enjoy three mini-games with simple manipulations and experie 2021-04-02
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  SK E&C partners with domestic company to develop competitive solar energy platform SEOUL --SK E&C, a builder affiliated with South Korea's third-largest conglomerate, SK Group, will develop a competitive solar energy platform in cooperation with a domestic energy IT company that provides solar power solutions. SK E&C said it signed a memorandum of understanding with Solar Connect on April 1 for cooperation in renewable energy and RE100, a global initiative that brings together the world's most influential enterprises committed t 2021-04-02
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  Think tank uses big data to solve congestion in Seoul's giant wholesale market SEOUL -- A digital think tank in Seoul will use big data to solve an ever-worsening traffic jam in and around a giant public wholesale market, which is about the size of 76 football fields. Congestion has caused inconveniences for customers, shop owners and nearby residents. Garak Market operated by Seoul Agro-Fisheries & Food Corporation is located in southern Seoul. The volume of daily transactions surpasses 8,000 tons, 2021-04-02
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  Shinsegae acquires popular women's online fashion platform W Concept SEOUL -- South Korea's retail conglomerate, Shinsegae Group, has acquired W Concept, a popular online fashion platform that targets young female customers with independent designer brands. W Concept has expanded its product competitiveness through a careful examination of brand awareness and quality. SSG.com, the online shopping mall of Shinsegae, said on April 1 that it signed a contract to acquire 100 percent of W Concept from IMM Private Equity and ISE 2021-04-01
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  S. Korea aims to popularize flying cars by 2035 with increased battery capacity and weight lightening SEOUL -- South Korea aims to popularize urban air mobility by 2035 by churning out flying cars capable of traveling for up to 300 kilometers (186 miles) at a speed of 300km per hour, based on increased battery capacity and weight lightening. Urban Air Mobility (UAM), an ecosystem covering personal air vehicles and infrastructure. Flying cars are emerging as a future system of travel to avoid traffic jams on urban roads. South Korea has formed UAM Team Ko 2021-04-01
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  Google makes strategic investment in Kakao's mobility service wing SEOUL -- The mobility service wing of Kakao, a major web service company involved in a variety of technology-related businesses in South Korea, secured a strategic investment of 56.5 billion won ($49.9 million). The two companies would discover new business opportunities and present growth engines in domestic and foreign markets. Google International LLC will acquire 970,848 new shares to control a 1.69 percent stake in Kakao Mobility, the South Korean 2021-04-01
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  Naver's webtoon gains popularity in Europe with German service SEOUL -- The web cartoon wing of Naver, a top web portal service operator and IT company in South Korea, has launched a paid German service. It is the third European language after Spain and France. With its service in Germany, which is considered the largest cartoon market in Europe, Naver would accelerate efforts to gain a bigger share in the global webtoon market. Web cartoons, widely known as webtoons or webcomics, are digital comic books created to fit into web o 2021-04-01
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  Hyundai auto group to launch short-distance community mobility service in Sejong SEOUL -- Buoyed by the successful test run in Seoul, Shucle, a short-distance ride pooling community mobility service launched by South Korea's Hyundai auto group, will make its debut in a provincial city in April as part of a smart city demonstration project. The group will gradually expand its service area and analyze transportation data for a future mobility service platform. Using an exclusive app, passengers can call up an 11-seater Shucle van a 2021-04-01
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  Terrestrial navigation system ready for use in S. Korea to cope with jamming and electric warfare SEOUL -- To cope with unexpected interference such as North Korea's electric warfare, South Korea will launch an uninterrupted positioning navigation service based on radio waves from ground transmitters instead of satellites, starting with a pilot project in June for coastguard vessels and state patrol boats operating in volatile border areas off the west coast. South Korea began developing a terrestrial navigation system that can provide Positioning navi 2021-04-01
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  SK Group completes acquisition of French CDMO Yposkesi SEOUL -- In a bid to enhance the competitive power of its biotech and pharmaceutical business in the global market, South Korea's third-largest conglomerate SK Group has completed the acquisition of a controlling stake in Yposkesi, a French cell and gene therapy company. SK Holdings said it has acquired management rights and a 70-percent stake in Yposkesi, a contract development & manufacturing organization (CDMO) in Europe for gene therapy viral v 2021-03-31
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  Crude carrier built with noise reduction technology wins regulation certification from DNV SEOUL -- A 115,000-ton crude carrier built by South Korea's Hyundai shipbuilding group with underwater radiated noise reduction technology has received regulation certification from DNV, an accredited registrar and classification society based in Norway. The group said that its subsidiary, Hyundai Samho Heavy Industries, has delivered the crude carrier to an unidentified client. Regulation certification related to unde 2021-03-31
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  Kolon expands application of quarantine robots in medical and construction areas SEOUL -- The modular construction unit of Kolon Global, a civil engineering and architectural firm in South Korea, tied up with a domestic robot innovation company to expand the application of quarantine robots in medical and construction areas. Kolon has assembled South Korea's largest modular negative-pressure ward cluster. Kolon Global said its subsidiary, Kolon E&C, signed a memorandum of understanding with Hills Engineering, a robot innovatio 2021-03-31
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  POSCO leads creation of graphene ecosystem to meet growing demand SEOUL -- South Korea's top steel group POSCO will lead the creation of a graphene ecosystem in the southeastern industry port of Pohang in cooperation with research groups and Graphene Square, a high-tech startup, to meet the growing demand in the fields of semiconductors, electronics, electric batteries and composites. POSCO said it has signed a business agreement with Pohang City, the Research Institute of Industrial Science & Technology (RIST), Pohang 2021-03-31
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  Doosan Heavy wins deal to supply seismic instrumentation for Chinese nuke power plant SEOUL -- Doosan Heavy Industries & Construction, a key player in South Korea's nuclear power industry, has secured a deal from a Chinese company to supply seismic instrumentation that can automatically stop the operation of a nuclear power plant if an earthquake is detected. Doosan Heavy's equipment will be supplied to a nuclear power plant in Liaoning Province by 2024. Doosan Heavy said it has signed a contract w 2021-03-31
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  Hanwha Defense upgrades multi-purpose unmanned ground vehicle for overseas sales SEOUL -- Hanwha Defense, a defense contractor affiliated with South Korea's Hanwha conglomerate, has upgraded its multi-purpose unmanned ground vehicle for overseas sales. The artificial intelligence-based model featuring an autonomous return function was selected for a military test operation in the second half of this year to check its performance, operational convenience and tactical operability. The prototype to be unveiled in July is a six-wheele 2021-03-31
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  Smartphone app capable of detecting deepfakes ready for commercial debut SEOUL -- An artificial intelligence-based smartphone app capable of detecting deepfakes is ready for its commercial debut in South Korea. It can contribute to curbing the spread of fake photos and videos, or deepfake pornography that uses the faces of celebrities. Deepfakes are synthetic media in which a person in an existing image or video is replaced with someone else's likeness, leveraging machine learning and artificial intelligence to manipulate or genera 2021-03-30
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  SK Lubricants to test eco-friendly product using delivery trucks SEOUL -- SK Lubricants, the lube-making wing of South Korea's SK Group, has forged a win-win partnership with Hanjin, a major logistics service operator, to test a new eco-friendly engine lubricant product to see if it can reduce carbon emissions and pollutants. SK Lubricants said in a statement on March 30 that the company would work with Hanjin to provide an eco-friendly engine oil product for delivery trucks. Hanjin will provide data collected from trucks 2021-03-30
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  Hanwha General Chemical partners with power supplier to demonstrate mixed hydrogen combustion SEOUL -- Hanwha General Chemical joined hands with a domestic power supplier affiliated with South Korea's state electric utility KEPCO to develop and demonstrate mixed hydrogen combustion technologies that burn natural gas together with hydrogen to generate electricity. Korea Western Power agreed to provide an 80-megawatt gas turbine in Pyeongtaek, about 60 kilometers (37 miles) south of Seoul. Hanwha General Chemical will use the turbine 2021-03-30