Latest News

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  Incheon International Airport signs agreement with Atlas Air Worldwide Holdings to build maintenance facility SEOUL -- Incheon International Airport, South Korea's main gateway, has signed a formal agreement with American cargo airliner Atlas Air Worldwide Holdings, to build a maintenance, repair, and overhaul facility at the airport. The repair bay will take care of Atlas' planes in the Asia-Pacific region. Atlas Air Worldwide Holdings (AAWW) is one of the largest air cargo companies that owns Atlas Air, Polar Air Cargo and a joint venture Titan Aircraft Investments. Atlas Air and 2022-12-15
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  Online mall Wemakeprice's transaction amount soars 23 percent thanks to live commerce content via YouTube SEOUL -- South Korean online shopping service operator Wemakeprice saw its transaction amount soar 23 percent over the period of 66 days after the company rolled out live commerce shows, the online version of TV home shopping shows, through YouTube. The company's online shopping show involved popular online celebrities in various events such as Meokbang, an online eating performance show format, to interact and encourage viewers to buy promoted products. Wemakeprice said 14 li 2022-12-15
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  Metaverse tech for online K-pop concerts to be developed by state research institute SEOUL -- A prominent state research institute will develop paradigm-changing metaverse technologies so that K-pop artists perform concerts and create content while communicating with fans of all ages and conditions. A metaverse is a virtually created world where users can access using avatars -- digitally created characters -- and interact with each other. Various metaverse platforms are being developed and operated for multiple purposes including entertainment, education, social 2022-12-15
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  State research institute partners with petrochemical company to commercialize green biotechnology SEOUL -- A prominent state research institute has partnered with a domestic petrochemical company in an effort to accelerate the development and commercialization of green biotechnologies, the application of plants, and other photosynthetic organisms with the aim to boost agricultural or industrial production. The Korea Institute of Science and Technology (KIST) said that the institute and Isu Chemical Company jointly opened a cooperative laboratory called "Linking Lab" 2022-12-14
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  Colorful light sculptures to be displayed in Seoul's iconic square to celebrate end of 2022 SEOUL -- Gwanghwamun Square, an iconic square located in central Seoul featuring beautiful scenery, will be created into a night view attraction with various colorful lights to provide a pleasant festive mood ideal for the end-of-the-year season. Light sculptures will be installed near a popular statue and park visited by many Seoulites to relax and spend time with their family members or friends. Gwanghwaun Square is favored by Seoulites and tourists as there are many museums and 2022-12-14
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  About 30% of young children experience developmental delays during pandemic: survey SEOUL -- About 30 percent of children aged five and younger who grew up during a coronavirus pandemic experience developmental delays in their cognitive, motor, social, emotional, and behavioral abilities. Some 15 percent needed continuous care to develop the required skills. When the first wave of a coronavirus struck South Korea in February 2020, the country's society chose isolation. Social distancing campaigns were rolled out. Although South Korea did not go into a lock 2022-12-14
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  BTS member Jin starts mandatory military service SEOUL -- While some dozens of fans waited outside a frontline army boot camp battling against the snow and gusts of wind, a black van carrying Jin, the eldest member of K-pop superstar BTS, silently drove past the gate without coming to a halt. Some fans expressed disappointment as they expected the 29-year-old artist to lower his tinted window to wave and say farewell before he started his mandatory military service. Before his enlistment, Jin had requested fans not to come 2022-12-13
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  ​KT releases AI-based remote exam monitoring solution for online classes SEOUL -- KT DS, the information technology service wing of South Korea's largest telecom company KT, has released an artificial intelligence-based remote exam monitoring solution named after the "Argos," a gigantic creature with 100 all-seeing eyes from the Greek myths, to prevent cheating and other malicious behavior in online classes. KT DS said that the anti-cheat solution was developed to reflect the increased number of remote internet exams due to the popularizat 2022-12-13
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  LG's information technology wing adopts blockchain-based staff identification cards SEOUL -- LG CNS, the information technology wing of South Korea's LG Group, has adopted blockchain-based staff identification cards that allow employees to enter all rooms in their workplace and use amenities without bringing plastic cards to identify themselves. Users don't need to worry about leaks of their personal information as the solution prevents such risks using decentralized identification (DID) technology. Unlike regular identification methods that store and mana 2022-12-13
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  GI Cell partners with Japan's Optieum Biotechnologies to commercialize CAR-NK cell products SEOUL -- GI Cell, affiliated with South Korea's biotechnology unicorn GI Innovation, has signed a research license agreement with Japan's Optieum Biotechnologies to develop and commercialize engineered natural killer cell-based products. The killer cells are regarded as the next-generation solution for hematological tumor treatments. According to GI Cell, the South Korean biotechnology company signed a research license and option agreement with Optieum Biotechnologies. The J 2022-12-13
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  Shinsegae's convenience store chain partners with meal kit maker targeting busy consumers SEOUL -- Emart24, the convenience store chain operated by South Korea's retail giant Shinsegae, has partnered with Super Kitchen, a ready-to-eat meal kit maker, targeting consumers who cannot spare time to shop and cook meals at home. Following the first wave of a coronavirus pandemic in early 2020, South Korea's food market saw a big change in consumers' shopping habits. According to the agriculture ministry, 2.4 percent of consumers bought processed food through onlin 2022-12-13
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  S. Korea's largest 1.5 gigawatt-class solar power complex to be built in southeastern city SEOUL -- The southern industrial city of Daegu some 240 kilometers (149 miles) southeast of Seoul will transform its outdated factory areas into a renewable energy power plant complex by replacing old slate factory roof materials with solar panels while using idle spaces for solar energy generation facilities. The solar power plant infrastructure, which would be the size of some 120 football fields, will have a 1.5-gigawatt generation capacity that can power some one million households 2022-12-13
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  Hyundai to supply fuel cell systems to European eco-friendly truck maker SEOUL -- HTWO, a fuel cell system wing of the Hyundai auto group, forged a partnership with ENGINIUS, a commercial eco-friendly truck-making wing of Germany's FAUN Group, to provide fuel cell systems. This is the first time the South Korean carmaker to sign a fuel cell system supply deal with a commercial carmaker. Hyundai's hydrogen fuel cell system brand HTWO was first introduced in December 2020 to develop fuel cell systems for cars, trains, and ships. Targeting China 2022-12-12
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  LS Cable wins $306.2 mln HVDC cable contract for Vanguard Offshore Wind Farm in Britain SEOUL -- LS Cable & System, a major cable maker in South Korea, has won a 400-billion-won ($306.2 million) contract for high-voltage direct transmission (HVDC) cables from Sweden's state power company Vattenfall. The special cable will be used for the delivery of electricity for an offshore wind farm that will be built some 47 kilometers (29 miles) east of Britain's eastern Norfolk coast. HVDC converts alternating current into high-voltage DC and can send large amounts 2022-12-12
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  S. Korea to recycle more than 20% of discarded materials from ocean by 2027 SEOUL -- In an effort to recycle more than 20 percent of waste materials collected from the ocean by 2027, South Korea's maritime ministry will launch a committee that manages various types of ocean waste. Such materials can be recycled and efficiently used as raw materials for eco-friendly products such as clothes, bags and shoes. According to data released by the Ministry of Oceans and Fisheries in 2021, more than one million tons of ocean waste were collected across the coun 2022-12-12
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  Hyundai Shipyard wins $69.8mln LPG tanker order from Oceania country SEOUL -- South Korea's Hyundai shipbuilding group grabbed an order worth $69.8 million to build a liquefied petroleum gas tanker ship, a typical type of ship that carries liquefied gas across oceans. The company also revealed during a conference call that the number of contracts won this year has exceeded its initial goal that was set earlier this year. Korea Shipbuilding & Offshore Engineering (KSOE) said during a conference call on December 12 that the company received a 2022-12-12
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  S. Korea to lead international standardization of liquid hydrogen fuel tank technology SEOUL -- South Korea's standardization proposal for liquid hydrogen fuel tank technology was adopted as a draft standard at an international conference. Fuel tanks that store hydrogen in a liquid state are crucial components for urban air mobility vehicles. Liquid hydrogen is created by cooling hydrogen gas to an extremely low temperature of about minus 253 degrees Celsius (minus 423 Fahrenheit). The liquified form has about ten times more energy density than the vapor state. 2022-12-12
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  Arms procurement agency partners with LIG Nex1 to develop high-performance counter-battery radar SEOUL -- South Korea's arms procurement agency has partnered with LIG Nex1, a defense contractor, to develop a high-performance counter-battery radar system in an effort to replace outdated radars that are currently in use. A counter-battery radar can detect artillery projectiles fired by one or more guns, rocket launchers mortars, and howitzers. When incoming artillery shots are detected, the counter-battery radar can pinpoint the location of enemy forces that fired them. Norm 2022-12-12
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  Atomy Chairman Park Han-gill receives consumer-friendly award from fair trade watchdog SEOUL -- The chaiman of South Korea's direct selling company Atomy has received an award from the country's state fair trade watchdog for rolling out consumer-friendly business management plans. The company was certified as a consumer-centered management company by the state consumer agency for the first time as a direct selling company in 2019. Founded in 2009 by chairman Park Han-gill, Atomy is a global direct distributor that recorded more than 2 trillion won in sales in 2022-12-09
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  S. Korea develops blueprint for space weather prediction system SEOUL -- South Korea had finished the development of the blueprint of a space weather forecast system project that would create a safe and stable operating environment for military recon satellites, communication satellites, and guided weaponry. The space weather forecast system will go online in 2024. While many regard space as an endless empty area except for places where planets are located, the vast zero-gravity area also has its weather conditions affected by situations like 2022-12-09