Latest News

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  Daewoong applies for state approval to use Nabota botox for masseteric hypertrophy SEOUL -- Daewoong Pharmaceutical, a bioengineering company in South Korea, has applied for state approval to use Nabota, a botulinum toxin product developed for the treatment of frown lines, as the treatment of benign masseteric hypertrophy (square jaw) based on the positive results of a final clinical study. Benign masseteric hypertrophy is a relatively uncommon condition that can occur unilaterally or bilaterally. Unilateral- or bilateral hypertrophy of the masseter muscle is c 2022-04-21
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  LG Uplus launches commercial service of quantum-resistant cryptography SEOUL -- LG Uplus has launched South Korea's first commercial service of quantum-resistant cryptography that can defend against hacking attacks on quantum computers. The mobile carrier would discover customized application services for each customer group and expand them to various fields. LG Uplus (LGU+), a mobile carrier in South Korea, said it would apply quantum-resistant cryptography technology to wired and wireless communication through technology advancement. As diffe 2022-04-21
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  CHA biotech to develop digital healthcare platform for foreign patients SEOUL -- CHA Biotech, a biopharmaceutical company with South Korea's largest pipeline of stem cell therapies, was selected by a state healthcare institute to develop a digital healthcare platform for foreign patients visiting Seoul and other major cities for medical treatment purposes. The platform will help medical staff manage the conditions of patients who cannot visit South Korea because of a coronavirus pandemic. Through a revised medical law in 2009, South Korean medical 2022-04-21
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  GI Innovation confident over stock market debut as promising bio-venture unicorn SEOUL -- As a promising unicorn in South Korea's bio-venture industry, GI Innovation aims to become a global player based on proven technologies through its successful stock market debut in the second half of 2022. The company showed confidence, citing its successful record of attracting investments from major domestic and foreign investors. GI Innovation has submitted a preliminary application for its initial public offering (IPO) on South Korea's second stock market, KOSDA 2022-04-21
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  Researchers develop hair-thin fiber OLED capable of emitting white light SEOUL -- South Korean researchers have developed a fiber organic light-emitting diode that is capable of emitting white light. The fiber that is thinner than a strand of hair can be used in various sectors including fashion, medical, safety, and flexible display. Normally, white organic light-emitting diodes (OLEDs), also known as WOLEDs, emit white light through color filters of red, green, and blue (RGB) in a similar way to that of liquid crystal displays (LCDs). Direct emissio 2022-04-21
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  KT restores voices of Lou Gehrig's disease patients with artificial intelligence SEOUL -- KT, a major major telecom company in South Korea, has restored the voices of eight patients with Lou Gehrig's disease using artificial intelligence-based speech synthesis technology. Patients can communicate with their friends and family members using a smartphone app that converts written text into their voices within a second. Lou Gehrig's disease, also known as amyotrophic lateral sclerosis (ALS), is a neurodegenerative disease that damages nerve cells in the br 2022-04-20
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  LG Household & Health Care acquires 65% stake in LA-based brand Creme Shop SEOUL -- LG Household & Health Care, a major consumer goods company in South Korea, has acquired a controlling 65 percent stake worth $120 million in the Creme Shop, a Los Angeles-based brand that manufactures cosmetics and beauty products. LG Household said the deal is aimed at strengthening competitiveness in its cosmetics business in North America. The South Korean company signed a call option to purchase the remaining 35 percent stake five years later. Creme Shop is seen 2022-04-20
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  S. Korea's only state seed vault to be guarded with LG Uplus smart radar service SEOUL -- In order to respond to the climate crisis and help preserve biodiversity, LG Uplus will donate an artificial-intelligence-based smart radar service to South Korea's only seed vault run by a state arboretum that opened in 2018 in a mountainous area to store seeds donated by institutions from all over the world. The seed vault in the National Baekdudaegan Arboretum in Bonghwa, about 150 kilometers (93 miles) southeast of Seoul is an underground facility with a triple iron 2022-04-20
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  LG-Magna joint venture breaks ground for first factory in Mexico SEOUL -- A joint venture between Canada's mobility technology company Magna International and its South Korean partner, LG Electronics, will build a plant in Mexico to produce parts such as inverters, motors, and on-board chargers for General Motors' electric vehicles. Construction of the plant to be run by LG Magna e-Powertrain began in a ceremony in Ramos Arizpe, Mexico, for completion in 2023. The plant will be the joint venture's first production base in North Americ 2022-04-20
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  SK ecoplant works with domestic firms to produce GFRP rebars using recycled PET bottles SEOUL -- SK ecoplant, affiliated with South Korea's conglomerate SK Group, joined hands with two domestic companies to produce glass fiber reinforced plastics (GFRP) rebars using recycled polyethylene terephthalate (PET) bottles. Their joint plant will secure price competitiveness through the automation of all processes. GFRP was used as an alternative material to the reinforcement bar (rebar), a steel bar or mesh of steel wires used as a tension device in reinforced concrete an 2022-04-20
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  Hyundai shipbuilding group's holding company test operates passenger ship in virtual space SEOUL -- Korea Shipbuilding & Offshore Engineering, the holding company of Hyundai shipbuilding group, test operated autonomous passenger ships in a virtual space using digital twin technology. Various functions such as high-speed sailing and docking were demonstrated using the virtual clone of an actual ship that is currently being built. A digital twin is a virtual clone of an object or an infrastructure. Digital twins are frequently used as testing grounds for new technologi 2022-04-19
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  CJ OnStyle to resume selling overseas travel products in two years through live commerce SEOUL -- CJ OnStyle, the online commerce wing of South Korea's entertainment and media giant CJ ENM, will resume sales of overseas travel package products through a live commerce service. South Korean travel companies have stopped selling travel packages to overseas locations since 2020 when the government strictly regulated travelers due to a coronavirus pandemic. Live commerce is a home shopping-like online service that uses mobile shopping platforms or social media for live 2022-04-19
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  Dongwon Systems starts mass production of metal cans for 21700-type cylindrical batteries SEOUL -- Dongwon Systems, the packaging solution developer wing of South Korea's Dongwon Group, has started the mass production of metal can-shaped casings for 21700-type batteries that have about 30 percent more capacity than 18650-type high-performance batteries. While ordinary prismatic lithium-ion batteries are packaged inside flexible and soft polymer casings, cylindrical batteries are encased inside metal cans. The tube-shaped batteries have a smaller energy capacity than 2022-04-19
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  Seoul to demonstrate AI livelihood monitoring service for senior single households SEOUL -- Seoul will provide an artificial intelligence-based livelihood monitoring service for middle-aged and older people who live alone. The care robot service will help people to become emotionally stable by asking them how they are faring. The robot will also monitor people's health conditions and notify human caregivers in case of an emergency. Smart AI livelihood monitoring service is designed to provide personal monitoring and care services for lonely residents. The car 2022-04-19
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  State technology institute partners with brain institute for advanced research SEOUL -- A South Korean state-run technology institute forged a partnership with a state brain research institute to develop a new artificial intelligence-based brain-related big data analysis and verification platform. The two prominent institutes will also cooperate to incubate young brain researchers. The Korea Advanced Institute of Science & Technology (KAIST) said in a statement on April 18 that the institute partnered with the Korea Brain Research Institute (KBRI) to be 2022-04-18
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  Researchers develop non-metallic photocatalyst capable of producing green hydrogen SEOUL -- South Korean researchers have developed a non-metallic photocatalyst that can use sunlight to produce green hydrogen which does not emit any kind of greenhouse gases during the production process. While the ordinary production process for hydrogen fuel requires some form of fossil fuel, green hydrogen solely relies on renewable energy generated by sunlight or wind. Photocatalysts absorb bright light to cause chemical reactions but they are mainly made of metallic materials 2022-04-18
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  Seoul to run bicycle safety classes to nurture safe urban riding culture SEOUL -- Seoul will issue certificates to those who pass written and performance tests after attending special bicycle safety classes. Certified Seoulites will receive discount benefits when they use a public bike rental service called "Ttareungi" operated by Seoul. The capital city government has prepared the certification program to increase people's bicycle safety awareness and accelerate the popularization of the city's public bicycle rental service. Ttareung 2022-04-18
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  KT finds automated work assistant robot solution effective at reducing operational costs and time SEOUL -- KT, the biggest telecom company in South Korea, has found that automated work process automation solutions helped the company reduce operational costs and time. The telecom company also used the robot solution to create a "paperless" work environment where many company letters and notifications were replaced with emails and messenger app messages. A robot process automation (RPA) solution is an automated work assistant solution that can effectively help human wo 2022-04-18
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  Chunbo breaks ground for next-generation electrolyte plant on reclaimed land SEOUL -- Chunbo BLS, a subsidiary of South Korea's chemical company Chunbo, has broken ground for a new plant for the production of a next-generation electrolyte for lithium-ion electric vehicle batteries in an industrial zone set up on reclaimed land near the southwestern port city of Gunsan. Chunbo thinks the new plant will help the company solidify its status as a key electrolyte producer at home and abroad. A ground-breaking ceremony took place on April 15 at the Saemangeum 2022-04-15
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  Demonstration project launched to convert carbon dioxide into carbonate for industrial use SEOUL -- A state demonstration project was launched to upcycle and convert carbon dioxide into carbonate by using exhaust gas from steel slag at a regulation-free special zone in the southeastern industrial port city of Ulsan. The project is part of efforts to introduce carbon capture, utilization and storage technologies more widely for industrial use. The Ministry of SMEs and Startups said the Ulsan city government has won approval through a regulatory sandbox policy that exempts 2022-04-15