Latest news
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Industry ministry offers $65 million in R&D support for medium-sized firms
SEOUL -- The South Korean government plans to spend 80.2 billion won ($65 million) supporting research and development (R&D) for medium-sized companies to increase their exports. On January 19, the Ministry of Trade, Industry and Energy announced the plan after Second Vice Minister Park Il-jun held a meeting with business representatives at the building of MCNEX, a company specializing in components and materials, in Songdo, Incheon, just west of Seoul. The ministry said th
January 19, 2023 -
Pinkfong to recreate Hong Kong's main theme park using Baby Shark IP
SEOUL -- Targeting the Chinese market, Pinkfong, the creator of a catchy cartoon song called "Baby Shark," has teamed up with the operator of Hong Kong's main theme park called "Ocean Park Hong Kong" to set up the theme park using Baby Shark characters. Visitors can wear sailor costumes and enjoy the Baby Shark-themed sea view. Ocean Park Hong Kong is one of the largest theme parks in Hong Kong along with Hong Kong Disneyland. The theme park was visited by m
January 19, 2023 -
Danish wind turbine maker to invest $300 million in Korea to build parts factory
SEOUL -- Vestas Wind Systems, the world’s top producer of wind turbines, has decided to invest $300 million (370 billion won) in South Korea to build a turbine parts factory. The Danish company has also disclosed a plan to move its Asia-Pacific headquarters from Singapore to Korea. Henrik Andersen, president and CEO of Vestas, announced the decision during a ceremony for strengthening partnership in sustainable energy solutions at a hotel in Davos, Switzerland, on January 1
January 19, 2023 -
S. Korea's health watchdog approves Lunit's breast cancer solution to be exported
SEOUL -- Lunit INSIGHT DBT, a solution specializing in detecting breast cancer developed by South Korea's medical artificial intelligence company Lunit, has received a green light from South Korea's health authorities to be exported to countries around the world. Lunit aims to secure its foothold in the United States and European market through the solution. The new solution is an upgraded version of Lunit INSIGHT MMG capable of analyzing X-rays and medical images of breast
January 19, 2023 -
LIG Nex1 to develop AI-based underwater obstacle detection technology for unmanned surface vehicles
SEOUL -- LIG Nex1, a defense contractor in South Korea, has teamed up with a state-run research institute specializing in robotics to open a joint laboratory for artificial intelligence-based underwater obstacle detection technology. Through the research center, the defense contractor can secure various data for unmanned surface vehicles designed for naval operations. Commercialization of unmanned surface vehicles (USVs) is gaining momentum in South Korea to detect North Korea'
January 18, 2023 -
South Korea to provide policy financing for display sector
SEOUL -- The South Korean Ministry of Trade, Industry and Energy plans to provide 900 billion won ($726.86 million) in policy financing for the display industry this year to improve its technological competitiveness and increase display exports. First Vice Trade Minister Jang Young-jin disclosed the plan on January 18 after holding a meeting with representatives of Samsung Display, LG Display, and other companies making related materials, parts and equipment at the Korea Chamber of
January 18, 2023 -
SK on partners with KAIST to kick-start incubation program for battery researchers
SEOUL -- SK on, the batter-making wing of South Korea's SK Group, has partnered with a prominent state research institute to kick-start an incubation program designed to nurture battery researchers. When postgraduates finish their battery specialist course at the institute, they will be hired by SK on to continue their research. Currently, it has become a trend among major South Korean battery makers such as SK on, Samsung SDI, and LG Chem to partner with prominent state techno
January 18, 2023 -
BTS member Jimin appointed as global ambassador for luxury fashion brand Dior
SEOUL -- Jimin, a member of BTS, was selected as the global ambassador of Christian Dior, a France-based high-end luxury fashion brand known as Dior, to promote various fashion items and campaigns. The 27-year-old has aroused fans' curiosity regarding his enlistment as his agency earlier announced that all BTS members would fulfill their mandatory military service. After Dior's announcement on January 17, the artist expressed his excitement through his Instagram post, writi
January 18, 2023 -
S. Korea and Vietnam open technology research center in Hanoi
SEOUL -- South Korea and Vietnam held a ribbon-cutting ceremony for the Vietnam-Korea Institute of Science and Technology (VKIST) in the Vietnamese capital of Hanoi on January 17. The VKIST is one of Vietnam’s largest research and development (R&D) centers which has been under construction with South Korea’s official development assistance (ODA) worth $70 million since 2014. The dedication ceremony was held at Hoa Lac Hi-tech Park in Hanoi with some 150 dignitar
January 18, 2023 -
Super rookie girl band NewJeans debuts on Billboard's Hot100 chart with 'Ditto'
SEOUL -- Just after about six months of the band's debut, K-pop super rookie NewJeans entered Billboard's top 100 popular song chart with "Ditto," a dance song released on December 19, 2022. The five-member band stepped into the spotlight as soon as it debuted on July 2022 and won various awards including the "Rookie Artist Award" and "Best Digital Song" at the "2023 Golden Disk Awards," an annual Asian music awards event hosted by So
January 18, 2023
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Commemorative event explores Tagore's legacy in Korea
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VISUALS: Indian philosopher Tagore's 163rd birth anniversary celebrated on Nami Island
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John Y. Lee, Korean War hero who interpreted for MacArthur, dies at 95
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'We support BTS, not HYBE'
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Hanwha Robotics, B-Robotics join hands on restaurant automation project
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BTS agency launches global audition for new boy band
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Spike in juvenile gambling raises concerns in Korea
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Harmful substances found in toys sold on Chinese e-commerce platforms
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Hyundai Rotem selected as preferred bidder for armored vehicle contract with Peru
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Korea to launch international webtoon festival in September