Latest news
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Lunit to provide AI solution for breast cancer to Singaporean hospital
SEOUL -- "Lunit INSIGHT MMG," a solution specializing in detecting breast cancer created by South Korea's medical artificial intelligence company Lunit, was adopted by a Singaporean hospital run by Southeast Asia's largest medical group IHH Healthcare. Starting with the contract with the healthcare group, which manages more than 20 hospitals in Southeast Asia, Lunit aims to expand its presence into other hospitals operated by IHH. The adoption of Lunit INSIGHT MM
March 11, 2024 -
Lotte's logistics wing to demonstrate autonomous trucks and delivery robots
SEOUL -- To accelerate the commercialization of fully-autonomous parcel delivery systems, the logistics wing of South Korea's confectionary giant Lotte Corporation, and Robotis, a robotics company based in Seoul, will jointly roll out the second stage of a government-led autonomous logistics system demonstration project. South Korea boasts over 1,500 logistics centers, facilitating ultra-fast parcel delivery networks with an average delivery period of just a few days. However,
March 8, 2024 -
KAI to inject $68.7 mln for development of autonomous drones and single-seater FA-50 fighter jets
FA-50 developed by the Korea Aerospace Industries SEOUL -- The Korea Aerospace Industries (KAI), a major defense company in South Korea specializing in aerial vehicle research and development, is set to accelerate the development and commercialization of autonomous aerial vehicles and the single-seater variant of the FA-50 supersonic light fighter jet. In a board meeting held on March 8, KAI announced its plan to inject a total of 90.8 billion won ($69.7 million) into t
March 8, 2024 -
Lotte holds AI conference for executives
SEOUL -- South Korean conglomerate Lotte Group has hosted a conference in Seoul for its executives to explore AI technologies and their potential to transform the group's core businesses. The March 7 event drew approximately 110 participants, including Lotte Chairman Shin Dong-bin and CEOs and CSOs from all affiliates. Lotte recognizes that AI is not only enhancing work efficiency but also becoming a strategic tool. To drive AI adoption, the conference focused on fostering
March 8, 2024 -
CJ Cheiljedang attracts S. Korean customers with heat-and-eat products via Aliexpress
SEOUL -- CJ Cheiljedang, South Korea's iconic food company well-known for its heat-and-eat cooked rice products and frozen Korean-style dumplings, has made a foray into Chinese ecommerce platform Aliexpress. The online shopping mall operated by China's ecommerce platform Alibaba Group has become one of South Korea's favorite online shopping services thanks to its wide range of affordable products shipped directly from Chinese sellers to South Korean customers. Aliexp
March 8, 2024 -
India's foreign affairs minister visits Seoul for economic cooperation
SEOUL -- Through a joint committee in Seoul, India's foreign affairs minister reached a consensus with his South Korean counterpart to upgrade economic cooperation in defense, supply chains, technology, and infrastructure. This was the first dialogue in six years since the joint committee meeting held in New Delhi in December 2018. South Korea's foreign affairs ministry said India's external affairs minister Subrahmanyam Jaishankar attended the joint committee meeting
March 8, 2024 -
Convenience store chain CU operator makes foray into Kazakhstan
SEOUL -- BGF Retail, the operator of South Korea's major convenience store franchise CU, has opened its first store in Kazakhstan. The store is in Almaty, the Central Asian country's heart of trade with a population of some 2.1 million. BGF Retail aims to run more than 500 stores across the country by 2029. BGF Retail announced that the first store was launched through a master franchise arrangement with CU Central Asia, the convenience store operator affiliated with Kazak
March 7, 2024 -
CMG Pharmaceutical to make foray into Vietnamese cosmetics market
SEOUL -- Targeting young Vietnamese consumers, South Korea's CMG Pharmaceutical is set to make a foray into the Vietnamese cosmetics market. The pharmaceutical firm, specializing in skincare products, will collaborate with An Thinh Phat, a Vietnamese distributor of healthcare products, to provide new beauty items starting in May 2024. Demand for South Korean cosmetics products is rapidly growing in Viet Nam. According to data released by the Korea Cosmetics Association, export
March 7, 2024 -
Naver to build Saudi's intelligent transportation system
SEOUL -- Team Naver, the digital business arm of South Korea’s largest portal site, has signed a strategic partnership agreement with Saudi Arabia’s Saudi Public Transport Company (SAPTCO) to build an intelligent transportation system in the Middle East country. Under the agreement, Team Naver will utilize its technologies in cloud, artificial intelligence and digital technologies to build a new transportation system for Saudi Arabia. If this project goes smoothly
March 7, 2024 -
LS Cable signs preferred bidder contract for Taiwan's offshore windfarm project
SEOUL -- LS Cable & Systems, a major power cable manufacturer in South Korea, has entered into a contract to become the preferred bidder for an offshore wind farm project in Taiwan. The company will collaborate with its Danish and Taiwanese counterparts to supply underwater power cables. The South Korean power cable company announced that it has signed a preferred bidder agreement with Denmark's constructor CIP and Taiwan's offshore wind farm operator Fengmiao to suppl
March 7, 2024
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Korea reports world's first demonstration of integrated operation of urban air mobility systems
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SNU professor to spearhead Korea's inaugural space agency
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HD Hyundai establishes new headquarters for marine energy businesses
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Video streaming services in Korea sharply raise subscription fees
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Korea launches first nanosatellite in New Zealand
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Pinkfong creates Baby Shark-themed musicals to captivate global fans
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LG Electronics, Kakao Mobility collaborate on delivery robot service
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Analysts predict poor earnings for major Korean game publishers in first quarter
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Carmakers, tech firms gather in Seoul for premier industry show
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Label control battle casts shadow over NewJeans' comeback