Latest News
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DL Chemical aims to become bio-chemical leader by acquiring U.S. company Kraton
SEOUL -- DL Chemical presented a goal to establish itself as a global player in the bio-chemical industry by acquiring 100 percent of U.S. chemical company Kraton for 1.89 trillion won ($1.6 billion). The South Korean company vowed to actively localize core materials by utilizing patents held by the U.S. company. DL Chemical, which was spun off from what used to be Daelim Industrial, said that its board has approved the proposed acquisition of Kraton to lay the foundation for beco
28 September 2021
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BTS to hold live concert in the US for the first time in two years
SEOUL -- K-pop wonder BTS will hold offline concerts in the United States in November and December 2021. The U.S. concert will be the seven-member band's first offline concert in about two years after the band's "Love Yourself: Speak Yourself" world tour held in Seoul in October 2019. Big Hit said in a statement through Weverse, an online fan community platform, on September 28 that BTS will hold "BTS Permission to Dance on Stage - LA" at SoFi Stadium in
28 September 2021
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SK Innovation raises investment in battery joint venture with Ford to $4.45 bln
SEOUL -- SK Innovation, a battery-making wing of South Korea's third-largest conglomerate SK Group, will raise its investment in a battery joint venture with U.S. carmaker Ford to 5.1 trillion won ($4.45 billion) from an earlier projection of three trillion won, in an effort to cope with different market conditions. SK Innovation (SKI) said in a brief statement on September 28 that its board has approved the additional injection of capital into BlueOval SK, a joint venture bet
28 September 2021
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Seegene unveils new molecular diagnostic system for easy use at small hospitals
SEOUL -- Seegene, a leading producer of reliable in vitro diagnostic devices in South Korea, has unveiled a new molecular diagnostic system that is smaller and lighter than an "all-in-one" device and can be used at medium-sized hospitals and clinics to make the detection of COVID-19 and other viruses into a routine. Seegene said its new assay called "STARlet-AIOS" was shown at the annual meeting of the American Association for Clinical Chemistry in Atlanta on
27 September 2021
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Researchers develop haptic gloves for virtual reality using 3D-printed liquid metal
SEOUL -- South Korean researchers have developed haptic gloves that can deliver various sensations such as heat and vibration from the virtual world to the real world. The glove was made using a 3D-printed liquid metal material and highly accurate sensors that can monitor finger movements and their joint angles in real-time. Haptic technology refers to a three-dimensional touch technology that can recreate sensory feedback to a person using virtual reality (VR) equipment or other
27 September 2021
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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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State researchers develop core technology for production of foldable QLED display
SEOUL -- A state research institute in South Korea has developed core technology for the production of foldable quantum dot light-emitting diode (QLED) displays that can be folded in and out like origami objects such as a paper-folded flower or a paper-folded crane. The technology will pave the way for the development and production of foldable displays that can be used for tiny wearable devices and electronic products with built-in displays. A QLED display is a variant of a light
27 September 2021
