Latest news
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SK Telecom partners with UAE's e& to push for metaverse business in Middle East
SEOUL -- SK Telecom, a leading mobile carrier in South Korea, partnered with e&, a telecom operator based in the United Arab Emirates, to push for a metaverse business in the Middle East. Using e&'s customer analysis and service provision know-how, SKT said it would create metaverse services tailored to customer demands. Famous buildings and digital costumes reflecting Middle Eastern culture can be actualized in the virtual world where users can interact with others usi
October 12, 2022 -
Hyundai auto group reveals new roadmap to convert all cars to software-defined vehicles by 2025
SEOUL -- South Korea's Hyundai auto group revealed a new roadmap to convert all cars to software-defined vehicles by 2025 that can allow customers to remotely upgrade the performance and functionality of their vehicles anywhere at any time. The group expects 20 million vehicles to be registered to its connected car service worldwide by 2025. Connected vehicles provide personalized services such as software subscriptions. All models, including those already purchased, will be ap
October 12, 2022 -
LG Electronics partners with research body to prevent home appliance arc flashes
SEOUL -- LG Electronics tied up with a state-sponsored research body to verify and standardize its technology that prevents fire accidents caused by home appliance electrical arcs that take place because of different reasons such as the loose connection of power supply and damaged cables. According to data released by the Korea Electrical Safety Corporation (KESCO), more than 80 percent of electrical fires were generated by electric arc flashes in 2021. LG Electronics' technolo
October 12, 2022 -
SK Telecom works with virtual production companies to expand media ecosystem through VFX studio
SEOUL -- SK Telecom, a top mobile carrier in South Korea, formed a consortium with three virtual production companies to expand a domestic media ecosystem through its visual effects studio featuring two LED wall stages that can create realistic graphics to remove the need for location shooting. Visual effects (VFX) is the integration of live-action footage and computer CG elements to create realistic imagery. SK Telecom (SKT) opened the studio named "Tech-driven Entertainment f
October 12, 2022 -
Taihan Cable to upgrade cable production facilities in South Africa
SEOUL -- Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, has approved new investments to upgrade a joint-venture medium and low voltage cable plant in South Africa and nurture it as a forward base for expanding exports to neighboring countries. The investment will be completed by 2023. Taihan Cable said that the plant named "M-TEC" in South Africa would upgrade medium and low voltage cable production facilities by setting up a new
October 12, 2022 -
SK on makes equity investment in Australia's Lake to receive high-purity lithium for up to 10 years
SEOUL -- SK on, a major battery maker affiliated with South Korea's SK Group, made a strategic equity investment in Lake Resources, a clean lithium developer based in Australia, to acquire a 10 percent stake and receive 230,000 tons of high-purity lithium for up to 10 years, starting in the fourth quarter of 2024. The deal underlines SK on's efforts to diversify a supply chain of raw materials for electric vehicle batteries. SK on said it has signed a conditional framewo
October 12, 2022 -
Hyosung develops ultra-high-strength carbon fibers for space and defense industries
SEOUL -- Hyosung Advanced Materials, affiliated with South Korea's Hyosung Group, has developed ultra-high-strength carbon fibers that are considered an essential material for space launch vehicles, satellite bodies and missiles. The company promised to speed up follow-up application research for early commercialization through collaboration with research bodies involved in a five-year state program. Carbon materials take numerous forms including graphite, carbon fiber, carbon n
October 12, 2022 -
SK gas develops world's first AI-based chemical process yield prediction system
SEOUL -- SK gas, a natural gas provider affiliated with South Korea's SK Group, claimed to have developed the world's first artificial intelligence-based chemical process yield prediction and simulation system that can replace the conventional method of detecting failure factors through numerous hypotheses. The system can optimize propane dehydrogenation (PDH), a process to make propylene, by removing hydrogen from propane. Traditionally, chemical processes have used Excel a
October 12, 2022 -
[INTERVIEW] Naver regards visual localization as key to connecting virtual and real worlds
SEOUL -- Naver, a top web portal operator and IT company in South Korea, regards advanced visual localization as a key to connecting virtual and real worlds as it can be used in creating digital twins and linking real-life services. The immediate goal is to commercialize a multi-robot intelligence system that acts like a shared brain for robots. Naver's artificial intelligence, robot and autonomous technology wing, Naver Labs, has upgraded its technology, which integrates arti
October 12, 2022 -
SK Trading International invests in U.S. e-fuel producer Infinium
SEOUL -- SK Trading International, a petroleum product trading company affiliated with South Korea's SK Group, has made an unspecified amount of investment in Infinium, an American producer of electrofuels which are an emerging class of drop-in replacement fuels that are made by storing energy from renewable sources in the chemical bonds of liquid or gas fuels. SK Trading International (SKTI) said it has closed a round of institutional funding into Infinium, which possesses li
October 12, 2022
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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