Economy
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Online sales of megastore franchise increased during summer thanks to heat waves and torrential rain
SEOUL -- Online megastore sales of products that arrive at customers' doorsteps through one-day and instant delivery services have increased during summer thanks to a series of heat waves and the long rainy season that poured down rain about 200 percent more than the annual average of rainfall in South Korea. South Korea defines hot summer weather that reaches a temperature of more than 33 degrees Celsius (91.4 degrees Fahrenheit) as a heat wave. The year 2023 is the third-hott
24 August 2023
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HD KSOE delivers world's first LNG-propelled bulk carrier with built-in AI engineer
SEOUL -- HD Korea Shipbuilding & Offshore Engineering, the holding company of Hyundai shipbuilding group, has built and delivered the world's first liquefied natural gas-propelled bulk carrier installed with an artificial intelligence engineer. The robot engineer will autonomously monitor for parts malfunctions and emergency situations such as fire. AI engineers or AI-based monitoring solutions collect data such as sounds machines make and the amount of heat and steam that ra
24 August 2023
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SK Enmove to commercialize immersion cooling technology with GRC and Dell Technologies
SEOUL -- Targeting the rapidly growing liquid immersion cooling market, SK Enmove, the lube-making wing of South Korea's SK Group, will work with GRC, an American liquid immersion cooling solution provider for data centers, and American information technology company Dell Technologies. The three companies will cooperate to commercialize liquid immersion cooling technology for data centers. Cooling systems are essential for data centers filled with data storage servers and computing
23 August 2023
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STI to build power semiconductor material plant in Busan by 2026
SEOUL -- South Korea's power semiconductor material supplier STI has partnered with the southern port city of Busan to build a plant for power semiconductor materials by 2026. At the facility, STI will produce components of silicon carbide power semiconductors, which are emerging as key components of electric vehicles. Silicon carbide (SiC) power semiconductors are used to control the direction of current and power conversion in electric vehicles (EVs), electronics, and 5G communic
22 August 2023
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Pulmuone builds miniature smart farm at vegan restaurant in Seoul
SEOUL -- Pulmuone Food & Culture, the cafeteria service management wing of Seoul-based food company Pulmuone, has established a miniature smart farm infrastructure at its vegan restaurant in central Seoul. Using LG's smart gardening device, the restaurant operator will use plants and herbs as ingredients for vegan food menus. A smart farm is an indoor agricultural system that combines information and communication technology (ICT) with agricultural elements. Without having to w
22 August 2023
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Naver to unveil large language model AI application as counterpunch against global rivals
SEOUL -- Later this week, South Korea's largest web portal operator Naver will unveil the company's latest hyperscale AI solution in a bid to check global tech giants that develop large language model artificial intelligence-based solutions including Google and Microsoft. A large language model (LLM) is basically a smart computer program that understands and generates human-like conversations in text. Through machine learning, an LLM is smart enough to engage in conversations
21 August 2023
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SK On joins cathode plant construction project in Quebec with Ford and EcoPro BM
SEOUL -- SK On, the battery-making unit of South Korea's third-largest conglomerate SK Group, will build a cathode plant in Canada with its American partner, Ford, and EcoPro BM, a South Korean producer of core materials for secondary batteries. About $1.2 billion will be injected to build the factory set to start its operation in the first half of 2026. Along with anodes, cathodes are electrodes used to help the conduction of electricity through electrolyte materials. Cathode mate
18 August 2023
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Baby Shark creator to provide content for Indonesia's state TV network RTV
SEOUL -- The Pinkfong Company, famous for its children's YouTube mega-hit song "Baby Shark, has partnered with the operator of RTV, a major television network in Indonesia, to provide various movies and TV series. A total of 65 episodes will be broadcast in the Southeast Asian country with the world's fourth-largest population. Data released by Pinkfong showed that RTV has more than 90 percent of viewers across Indonesia. As of August 2023, the country had some 277 million
18 August 2023
