Economy
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Samsung and Hyundai Steel develop recycling technology using wastewater sludge
SEOUL -- Samsung Electronics and Hyundai Steel have jointly developed an eco-friendly technology that can reuse wastewater sludge generated in semiconductor manufacturing as raw materials for steelmaking. The new technology will reduce South Korea's dependency on imported raw materials. Fluorite is used in the steelmaking process to remove impurities such as sulfur and phosphorus from iron. Calcium fluoride (CaF2), the main ingredient in fluorite, has similar characteristics to
27 September 2021
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Doosan Fuel Cell wins first contract to export power generation fuel cells to China
SEOUL -- Doosan Fuel Cell, the clean energy wing of South Korea's Doosan Group, has secured a contract worth $13 million to export hydrogen fuel cells to a Chinese city. This marked South Korea's first export of fuel cells for power generation. Doosan Fuel Cell said it would install four 440-kilowatt fuel cells as a distributed power source to supply electricity as well as heat for cooling and heating to apartments and buildings in the Nanhai District of Foshan, Guangdong. D
27 September 2021
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LGU+ to provide 5G connectivity service for car-sharing mobility service platform
SEOUL -- LG Uplus, a mobile carrier in South Korea, will provide 5G connectivity services for a domestic car-sharing mobility service platform. The ultra-fast mobile data communication technology will be used to connect cars, services, facilities such as smart parking lots and a control tower. The car-sharing service is a next-generation rent-a-car service that targets consumers who wish to borrow vehicles for a short period of time and travel short distances. Using a service ap
27 September 2021
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Daewoong wins Australian approval to conduct clinical trial of hair-loss treatment
SEOUL -- Daewoong Pharmaceutical, a bioengineering company in South Korea, has secured approval from Australia's medicine and therapeutic regulatory agency to go ahead with the first-stage clinical trial of a long-acting male baldness therapy codenamed "IVL3001" that can be administered once every month or three months by subcutaneous injection. The green light from the Therapeutic Goods Administration (TGA) will help Daewoong prove the efficacy of long-acting inject
27 September 2021
