Latest news
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Education company Visang to develop AI-based digital math textbook
SEOUL -- South Korea's Visang Education has partnered with Mathpresso, the operator of artificial intelligence-driven learning platform called "Qanda," to develop an AI app-based math textbook. This solution will suggest questions tailored to each student's academic proficiency and offer hints when they get stuck. Qanda, boasting approximately 90 million users, rapidly provides explanations within five seconds after a student snaps a photo of a challenging math
March 5, 2024 -
Gmarket opens low-temp logistics center targeting one-day delivery service customers
SEOUL -- In an effort to gain a competitive edge in South Korea's ecommerce market dominated by Coupang, the South Korean counterpart of Amazon, major ecommerce platform Gmarket opened a low-temperature logistics center for fresh goods delivery service. Customers can now order fresh groceries through the ecommerce giant's overnight delivery service. Overnight and one-day delivery services garnered explosive popularity in South Korea during the pandemic. When people were
March 5, 2024 -
Asan Medical Center ranks 22nd in global hospital ranking
SEOUL --Seoul-based Asan Medical Center has been recognized by American weekly news magazine Newsweek as the top 22nd hospital out of a pool of approximately 2,400 hospitals worldwide. Asan Medical Center achieved the highest ranking among 17 South Korean hospitals included on the prestigious list of the world's top 250 hospitals. Along with global market analyst firm Statista, Newsweek determined the global ranking based on online surveys of 85,000 medical experts in 30 count
March 5, 2024 -
Hanwha Ocean condemns data leak regarding Navy destroyer project
SEOUL -- Hanwha Ocean has strongly condemned the leak of confidential information related to the KDDX, a multi-billion-dollar project to build a new generation of destroyers for the South Korean Navy, by HD Hyundai Heavy Industries, calling it a “serious criminal act.” The company also criticized the Defense Acquisition Program Administration (DAPA)'s decision not to restrict HD Hyundai Heavy Industries’ participation in the KDDX project bidding, despite the co
March 5, 2024 -
[INTERVIEW] S. Korean 3D geospatial map platform developer aspires to support UAE's digital twin project
SEOUL -- Techtree Innovation, a South Korean developer of 3D geospatial map platforms, hopes to play a key role in the United Arab Emirates' digital twin ecosystem project by sharing its expertise in related technologies. Techtree aims to provide its three-dimensional spatial information platform "Around" to the Middle Eastern country to create digital twin infrastructure for various tests including simulations of natural disasters such as flooding. A digital twin is
March 4, 2024 -
Kia reports 4.6% decrease in February sales
SEOUL -- Kia announced that it sold a total of 242,656 units in February 2024, marking a 4.6 percent decline compared to the same month last year. Domestically, Kia sold 44,076 units, while overseas sales amounted to 198,580 units this February. This reflects a 12. percent decrease domestically and a 2.8 percent decrease overseas compared to February 2023, resulting in an overall sales decline of 4.6 percent. The drop in domestic sales is attributed to a decrease in working day
March 4, 2024 -
S. Korea's pet care market grows 5.6% to $2.4 billion in 2023: market data
SEOUL -- South Korea's love for furry friends is showing no signs of slowing down. According to data released by global market analyst firm Euromonitor, the country's pet care market reached a staggering $2.45 billion in 2023, marking a 5.6 percent increase from the previous year. This impressive growth comes amidst a larger trend: the market has tripled in size since 2013, outpacing the global average of a 1.9-fold increase during the same period. Several factors are cont
March 4, 2024 -
Southern port city to demonstrate food drone delivery services for near-shore vessels and fishing areas
SEOUL -- The southern port city of Busan is set to showcase drone delivery services, aiming to transport food and essential items to vessels near the shoreline and individuals at popular fishing locations. This initiative seeks to promote the use of aerial delivery systems and enhance leisure experiences by providing greater convenience. In South Korea, where tension with North Korea persists, private drone operators face significant restrictions due to airspace regulations. Many
March 4, 2024 -
South Korea's robot test site eyed in Daegu
SEOUL -- The South Korean government announced plans, on March 4, to invest 200 billion won (approximately $1.5 billion) in building a national robot test field in Daegu. The announcement was made at a town hall meeting held at Kyungpook National University under the theme of "Daegu Rising as a Leader in Advanced New Industries." The robot test field will help companies evaluate and validate the safety and functionality of their robots in both real and virtual environmen
March 4, 2024 -
S. Korean cable firm replaces New York's outdated power grid using new technique
SEOUL -- South Korea's major power cable maker Taihan Cable & Solution has embarked on a groundbreaking project to replace New York's outdated power grid using an innovative cable-laying technique. This new method requires minimal space and equipment, making it particularly suitable for construction sites in bustling urban areas. In October 2023, Taihan secured a contract for the replacement of aging power cables linking New York's power grid with the John F. Kenne
March 4, 2024
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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US political turmoil reflects our wider society – in 2024 and earlier elections
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
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Life expectancy in South Korea decreases for first time since 2000
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Lotte Rental achieves 'Baa3' credit rating from Moody's