Latest News

• 
  Excavation confirms world’s largest dolmen as Bronze Age graveyard SEOUL -- South Korea's largest Bronze Age dolmen discovered in 2007 during the construction of a residential development zone has been officially recognized as a graveyard, not an altar, ending years of debate in the academic community over its purpose. The dolmen in Gimhae is 7.3 meters long, 5.0 meters wide, and 4.0 meters thick, and weighs 350 tons. Gimhae City said on July 30 that the dolmen in Gusan-dong turned out to be a graveyard built around th 2021-08-02
• 
  POSCO ties up with Australian partner Roy Hill to establish cooperative green system SEOUL -- South Korea's steel group POSCO has tied up with its Australian raw material supplier, Roy Hill Holdings, to establish a cooperative system for the reduction of carbon emissions, ranging from the production of hydrogen and joint research into hot briquetted iron, which is a briquetted form of direct reduced iron with high iron content. The two companies agreed on joint research to develop an optimal hot briquetted iron (HBI) production system. Norma 2021-08-02
• 
  Thailand signs $78 mln deal to purchase two more T-50 trainers from KAI SEOUL -- South Korea's sole aircraft maker has secured a new deal worth $78 million to deliver two more T-50 military trainers by the end of November 2023 to Thailand. The contract comes on the heels of efforts by Korea Aerospace Industries (KAI) to sell its trainer to Malaysia and other countries in Africa and South America. KAI said in a regulatory filing on August 2 that Thailand would receive two T-50 trainers with equipment for tactical training as wel 2021-08-02
• 
  Musinsa Standard releases cosmetics for men in their 20s and 30s SEOUL -- Musinsa Standard, a popular apparel brand in South Korea, has rolled out a product lineup targeting young men who hope to improve their looks to differentiate its products from other brands. The products’ release was prompted by the growing number of young men using cosmetics. Due to a COVID-19 pandemic, men's interest in skincare has significantly increased. According to a report released by Statistics Korea, the total cosmetics market in So 2021-07-30
• 
  Naver's online shopping service adopts AI system to simplify customer reviews SEOUL -- Through an artificial intelligence-based service, South Korea's online shopping giant Naver will help shoppers conveniently access simplified versions of customer reviews. Long and complicated reviews will be simplified to one or two sentences to speed up shopping. Online reviews play a vital role in South Korea's online shopping industry that stood at about 16 trillion won ($13.9 billion) in 2020. According to a 2017 survey of 1,200 consumers age 2021-07-30
• 
  Doosan Heavy wins $531 mln order to build four tanks in Dangjin LNG base SEOUL -- A consortium led by Doosan Heavy Industries & Construction, a key player in South Korea's power industry, has secured an order worth 610 billion won ($531 million) from a state gas company to build storage tanks in the country's fifth liquefied natural gas (LNG) base in the southwestern industrial port city of Dangjin. Doosan Heavy said it would build four 270,000-kiloliter-class LNG storage tanks and auxil 2021-07-30
• 
  Medipost's clinical trial approved to evaluate efficacy of knee osteoarthritis treatment SEOUL -- Medipost, a South Korean biotech firm know for stem cell-based treatment, has applied for state approval to go ahead with phase 2 clinical trials to evaluate the safety and efficacy of its next-generation intra-articular Injectable treatment and prevention of knee osteoarthritis, code-named "SMUP-IA-01" Medipost's SMUP-Cell platform technology for developing next-generation cell therapy products enables the selection of small-sized high 2021-07-30
• 
  Grand AI consortium formed in S. Korea to develop artificial brain with high-performance computational capability SEOUL -- In a state-sponsored project to catch up with the United States and China in an international artificial intelligence hegemony war, South Korea has formed a grand consortium involving more than 200 companies, colleges and research bodies to develop an artificial brain with the world's best computational capability. With an injection of about 44.5 billion won ($28.8 million) for the next five years, the "K-Hub" consortium, launched on July 29, 2021-07-30
• 
  S. Korea to lead international standardization of green hydrogen production technology SEOUL -- South Korea will lead the international standardization of green hydrogen production technology. The country’s standards agency predicted that the standardization will boost South Korea’s presence in the global hydrogen economy. Green hydrogen does not generate greenhouse gases during its production process. It is created using a water electrolysis technique based on renewable energy sources. Many hydrogen companies have adopted water electroly 2021-07-30
• 
  Researchers develop programmable, powerful, and ultra-fast water-driven self-operating soft actuator SEOUL -- Researchers have introduced a programmable, powerful, and ultra-fast water-driven self-operating soft actuator, inspired by the mutable collagenous tissue of sea cucumber that reacts with water and changes its form freely. The actuator can be used in various fields such as robot grippers, wound closures and artificial fingers. An actuator is a component of a machine that is responsible for moving and controlling a mechanism or system. It uses changes 2021-07-29
• 
  Hyundai Motor and LG team up to invest $1.1 bln in battery joint venture in Indonesia SEOUL -- South Korea's Hyundai auto group teamed up with the battery-making wing of LG Group to jointly invest $1.1 billion in the establishment of an equally-owned battery joint venture in Indonesia. Mass production of battery cells is to commence in the first half of 2024. The joint venture underlines efforts by the two groups to bolster their presence in global markets. The auto group signed a memorandum of understanding with LG Energy Solution (LGE 2021-07-29
• 
  ​Shinsegae jumps into alternative meat market, rolls out cold cut sandwich thru Starbucks SEOUL -- Through a five-year research program to acquire independent technologies, a food company affiliated with South Korea's retail group Shinsegae joined a race to produce alternative meat, starting with lunch meats, known as cold cuts, which are precooked or sliced and typically served in sandwiches or on a tray. The first product of Shinsegae Food's alternative meat brand "Better meat" is three kinds of cold cuts -- Westphalian ham 2021-07-29
• 
  Hyundai Motor works with domestic partner to develop hydrogen mobile power generation system SEOUL -- South Korea's Hyundai Motor tied up with Hyundai Electric & Energy Systems, a domestic electrical equipment manufacturer and energy solution provider, to develop a hydrogen fuel cell package for mobile power generation that would be used at industrial fields such as construction sites and port facilities. The auto group said that its fuel cell experience would be combined with Hyundai Electric's power equipment expertise to develop a h 2021-07-29
• 
  S. Korea approves fast-track commercialization of artificial corneal transplant SEOUL -- South Korea’s drug ministry paved a way for a new treatment of corneal disorders by approving artificial corneas as an innovative medical device for the first time. The ministry said the device will provide new treatment opportunities for patients suffering from severe eye problems which can lead to blindness. Through a series of evaluations, the Ministry of Food and Drug Safety designates innovative medical devices with better capabilities than conv 2021-07-29
• 
  ​S. Korea launches state project to create disaster risk map for land creep SEOUL -- South Korea will create a digital disaster risk map for land creeping, which is the slow downslope movement of soil layers due to the influence of groundwater and external impacts in the mountain slope. There were no latest figures, but some 35 land creep cases were reported in 2018. While devastating landslides occur on the top layer of soil to sweep down the mountain slope at fast speeds, a land creep phenomenon literally takes place 2021-07-28
• 
  LIG Nex1 completes demonstration of new unmanned coastguard patrol boat SEOUL -- LIG Nex1, a defense contractor involved in the development of radar and missile guidance systems, has completed the development and demonstration of a new unmanned coastguard patrol boat equipped with state-of-the-art surveillance equipment, a remote shooting control system, and a guided rocket launcher. LIG Nex1 said the Haegum-3 unmanned boat features high seaworthiness, artificial intelligence-based autonomous operation technology and enhanced comba 2021-07-28
• 
  Hancom Group signs contract to accelerate smart city project in Sejong SEOUL -- Hancom, a comprehensive information technology company in South Korea, has signed a partnership with the central city of Sejong to build a sustainable smart city infrastructure that incorporates artificial intelligence, big data, and autonomous technologies. The partnership will accelerate the establishment of a citywide smart system network designed to improve the livelihood of citizens. Hancom said that it would apply various solutions including urban mo 2021-07-28
• 
  Hyundai E&C wins $428 mln deal to build new airport terminal in Peru SEOUL -- A joint venture led by Hyundai Engineering and Construction, a major builder in South Korea, has secured a deal worth $428 million to build the passenger terminal of a new airport near the city of Cusco in southeastern Peru. The builder secured an order in March to clear land for the new airport in Chinchero. Hyundai E&C controls 35 percent of the joint venture that also involves Sinohydro, a Chinese engineering and construction company, Me 2021-07-28
• 
  [INTERVIEW] Pharmaceutical industry wants full government support to enhance international competitiveness SEOUL -- A COVID-19 pandemic has activated the consignment production of vaccines developed by multinational pharmaceutical companies in South Korea, elevating the status of domestic pharmaceutical and bio companies that have exhausted efforts over the past decade to innovate quality and develop new drugs, becoming a crucial industry like automobiles and semiconductors. The domestic pharmaceutical market has seen steady growth, promoting itself as a social 2021-07-28
• 
  Seoul's eastern satellite city to adopt wearable robot for rehabilitation SEOUL -- An eastern satellite city of Seoul will adopt wearable robots to help the rehabilitation of patients with walking disorders. The rehab robot system can track and monitor the movement of patients to provide personalized programs. Some 300 million won ($250,000) in state money will be injected into the rehab robot project involving P&S Mechanics, a domestic wearable robot maker, Namyangju said in a statement on July 27. The robot training syste 2021-07-27