Latest News

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  Researchers discover method to mass-produce carminic acid from glucose SEOUL -- Carminic acid is an aromatic polyketide widely used natural red colorant. It has long been produced by the cumbersome farming of some scale insects, such as cochineal. The path to carminic acid biosynthesis has not been fully identified, making it difficult to develop a microorganism that produces carminic acid. A research team from the state-run Korea Advanced Institute of Science and Technology (KAIST) has developed Escherichia coli (E. coli) strain 2021-04-09
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  KT jumps into Vietnam's music streaming market with digital platform SEOUL -- KT, a top telecom company in South Korea, jumped into Vietnam's music streaming market through cooperation with Vietnam Television, a national television broadcaster, utilizing a digital platform based on artificial intelligence, big data and cloud. KT signed a memorandum of understanding with Vietnam Cable Television (VTVCab), a subsidiary of Vietnam Television (VTV), to optimize the platform business model of KT's music streaming service, Genie Mus 2021-04-09
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  Daewoo shipyard gets smarter with advanced digital technologies SEOUL -- Like other South Korean shipbuilders working hard to strengthen their competitiveness with smart ship technologies, Daewoo Shipbuilding & Marine Engineering gets smarter by introducing advanced digital technologies such as Internet of Things (IoT) into shipbuilding, management and test operation. Daewoo Shipbuilding & Marine Engineering (DSME) said on April 8 that it has opened a digital production center at its shipyard in the southern island ci 2021-04-08
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  U.S. ​Bentley Systems partners with Hyundai Engineering to develop AI-based design system SEOUL -- Bentley Systems, a U.S. software developer, partnered with South Korea's Hyundai Engineering to develop an artificial intelligence-based automated design system for steel and concrete structures. The partnership will accelerate Hyundai Engineering's digital transformation. Hyundai Engineering said in a statement that it has signed a memorandum of understanding with Bentley Systems to cooperate in the system development of an AI-based automated cons 2021-04-08
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  Hyundai auto group partners with state agency to share AI training data SEOUL -- South Korea's Hyundai auto group has partnered with a state information agency to share training data for artificial intelligence development. The data will be used for upgrading the group's future mobility technologies such as voice recognition, autonomous driving and mobility-related software. A training dataset is a dataset of examples used during AI model development's machine learning phase. The dataset includes a set of e 2021-04-08
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  Samsung shipyard acquires independent technologies for wind turbine installation vessel SEOUL -- Samsung Heavy Industries, a major shipbuilder in South Korea, has acquired original technologies for the construction of a wind turbine installation vessel (WTIV) featuring eco-friendly technologies. The vessel is designed for the installation of offshore wind turbines. Similar to a jack-up rig, it is self-elevating. Samsung Heavy Industries (SHI) said that the design of its low carbon-emitting WTIV concept has obtained "Approval 2021-04-08
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  Lotte Chemical introduces carbon capture utilization with gas separation membranes SEOUL --Lotte Chemical, a major chemical company based in South Korea, has introduced carbon capture utilization technology by using gas separation membranes to increase the purity of captured carbon dioxide and change it to essential industrial materials. Carbon dioxide can be captured directly from an industrial source by using a variety of technologies. Normally, CO2 is captured from large point sources for storage in an underground geological format 2021-04-08
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  Health officials to introduce SK Telecom's AI service for effective vaccination SEOUL -- South Korean health officials will introduce an artificial intelligence-based service for quick and effective COVID-19 vaccination. The service based on SK Telecom's AI service NUGU will begin providing vaccination-related information to digitally marginalized groups including the elderly from the third quarter of this year. SK Telecom (SKT) said it has signed a memorandum of understanding with the Korea Disease Control and Prevention Agency (KDCA) 2021-04-08
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  ​Expressway operators to scale up test of AI-based truck-monitoring system SEOUL -- Expressway operators will scale up the demonstration of an artificial intelligence-based system to monitor and detect overloaded vehicles. The system was found to be effective through a six-month test operation that began in November 2020. Overloaded vehicles cause damages to the road surface and create potholes. Drivers are not easy to control the movement of overloaded trucks. About 57 percent of fatal accidents that took place on 2021-04-08
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  SK E&C and POSCO work on floating structure for offshore wind power generation SEOUL -- SK Engineering and Construction joined hands with South Korea's leading steel group, POSCO, to develop a competitive floating structure for offshore wind power generation. With POSCO's high-performance steel, the builder will secure core technologies for the development of an independent model optimized for the domestic marine environment. A floating structure for offshore wind power generation must provide enough buoyance to support the w 2021-04-08
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  Fire guts batteries at energy storage system in solar power plant SEOUL -- A fire at a private solar power plant gutted an energy storage system (ESS) that used batteries from LG Energy Solution affiliated with South Korea's LG Group, which has tried to find new business opportunities in the ESS market. Financial losses caused by the fire in Hongseong some 120 kilometers (74 miles) southwest of Seoul were estimated at about 440 million won ($393,384). An energy storage system (ESS) is a power storage system that consists of ba 2021-04-07
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  K-pop girl band MAMAMOO's label acquires rival entertainment company SEOUL -- The label of K-pop girl band MAMAMOO has built up its size for global expansion by acquiring a rival entertainment company that manages artists such as B1A4, Oh My Girl and ONF. Rainbow Bridge World (RBW) said it has secured more than 70 percent of WM Entertainment shares through a stock purchase agreement. Financial terms were not disclosed. WM Entertainment became a subsidiary of RBW, but the label would maintain its current management and i 2021-04-07
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  Naver makes strategic investment in Indonesia's media group Emtek SEOUL -- In an effort to expand its presence in Southeast Asia, Naver, a top web portal service operator and IT company in South Korea, invested $150 million in Elang Mahkota Teknologi (Emtek), an Indonesian technology, telecom and media conglomerate, to set up a strategic partnership. The investment is aimed at finding new growth opportunities in Southeast Asia, Naver said in a statement on April 7, adding webtoon-based content can create synergy with Emtek' 2021-04-07
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  Hanmi's short bowel syndrome drug wins FDA fast track designation SEOUL -- Hanmi Pharmaceutical's rare drug for the treatment of short bowel syndrome has won "fast track" designation from the U.S. Food and Drug Administration (FDA). Fast track is a process designed to facilitate development and expedite the review of drugs to treat serious conditions and fill an unmet medical need. Hanmi Pharmaceutical, a major drug maker in South Korea, said it would start second-phase clinical trials abroad soon 2021-04-07
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  Naver partners with domestic firm to create S. Korean version of Google's Chromebook SEOUL -- Naver, a top web portal service operator and IT company in South Korea, will create a laptop ideal for educational purposes in cooperation with Lucoms, a domestic personal computer maker, benchmarking Chromebook powered by Google's Chrome OS. Chromebook, released in 2012 as an affordable laptop, attracted schools with performances optimized for educational activities such as online classes and e-learning, which involves digital textbooks and other dig 2021-04-07
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  EDGC aims to develop community platform based on genomic data SEOUL -- Eone Diagnomics Genome Center, an international joint venture which develops technology for genome analysis, tied up with a cloud-based genomics healthcare web portal to develop a community platform based on genomic data that would allow users to share solutions through communication on the results of genetic analysis. Eone Diagnomics Genome Center (EDGC) and Mygenomebox (MGB) would establish a genetic network service (GNS) and secure competitiveness in 2021-04-07
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  LG Electronics unveils new solar panel with enhanced power output SEOUL -- By upgrading its NeON module line, LG Electronics unveiled a new solar panel with an enhanced power output that offers carbon-free energy and long-lasting reliability for the "most reliable and efficient" renewable energy solution. The new product will go on global sale, starting with South Korea in April. The new panel called "NeON H" features innovative N-type half-cut cells, delivers high power output, and comes with a 2 2021-04-07
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  Kolon Industries ties up with SK Global Chemical to produce biodegradable plastic product SEOUL -- Kolon Industries, a chemical and textile manufacturing company in South Korea, forged a strategic partnership with SK Global Chemical to produce an eco-friendly biodegradable plastic product called PBAT and promote a business model for the production of recycled products using waste plastic as raw materials., Polybutylene adipate terephthalate (PBAT) is a biodegradable random copolymer marketed as a fully biodegradable alternative to low- 2021-04-07
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  Hanwha Q Cells to produce photovoltaic modules for simultaneous solar power and farming SEOUL -- A consortium involving Hanwha Q Cells, a major photovoltaic manufacturer in South Korea, will participate in a state project to develop a solar power system that would be used to grow crops and generate electricity simultaneously without losses in crop yields and energy production. The project was sponsored by the Korea Institute of Planning and Evaluation for Technology in Food, Agriculture and Forestry (IPET), a state research body, to establ 2021-04-07
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  Ecommerce operator Wemakeprice launches flower subscription service SEOUL -- South Korea's major online shopping service operator Wemakeprice has launched a flower subscription service targeting consumers who buy flowers and plants regularly to refresh their living environment and relieve their mood amid a strict social distancing campaign prompted by a COVID-19 pandemic. The hobby of growing a "pet plant" or adorning homes with various plants has become a trend among single households and young couples because 2021-04-07