Latest news
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Military program endorsed to improve performance of AH-64E Gurdian attack helicopters
SEOUL -- South Korea's military endorsed a program to spend some 400 billion won ($293 million) on improving the performance of AH-64E Guardian attack helicopters in operation with tactical data links and fire control radars by 2027. The program is aimed at producing the same performance as the latest version run by U.S. troops based in South Korea. The proposed performance improvement of Boeing's AH-64 Apache, a twin-turboshaft attack helicopter purchased by South Korea
September 2, 2022 -
Naver Cloud unveils metaverse construction and operation solution called 'Metapod'
SEOUL -- Naver Cloud, a cloud computing service wing of South Korea's top web portal operator and IT company, unveiled a metaverse construction and operation solution called "Metapod" that provides end-to-end management to customers who want to build a network of 3D virtual worlds focused on social connection. Metapod was characterized as a specialized solution for customers who want to hold short-term events on the metaverse, which is a collective virtual shared spa
September 2, 2022 -
Nexon pledges functions capable of generating profits for new content creation and play platform
SEOUL -- In its new content creation and play platform, "MapleStory Worlds," Nexon, a South Korean game company based in Japan, promised to sequentially introduce functions that can generate profits through worlds or avatar costumes produced by creators. Service areas will be expanded globally. "We ask for a lot of attention as it is a new attempt for users to become creators by opening our IP," Shin Min-seok, director of Nexon's new development division, sai
September 2, 2022 -
KT to provide Seoul real-time on-foot traffic analytics system for civil services
SEOUL -- South Korea's top telecom company KT will provide a big data-based real-time on-foot traffic analytics system to Seoul. The capital city will use data on the moving population to upgrade civil and administrative services in various areas such as public transport, disaster control, disease quarantine, and policy making. The analysis of moving traffic, especially the collection of data about people walking through a specific area, is an important aspect of city managemen
September 2, 2022 -
DL E&C ties up with KT for advanced digital twin and metaverse ecosystem in construction
SEOUL -- DL E&C tied up with South Korea's top telecom company KT to develop an advanced digital twin based on a streaming solution for cloud game services and establish a metaverse ecosystem. Metaverse solutions can be applied in various construction fields such as design, construction, and quality management. A digital twin is a virtual clone of an object or an infrastructure. Digital twins are frequently used as testing grounds for new technologies or other elements to
September 2, 2022 -
S. Korean hip-hop garners explosive popularity on Spotify
SEOUL -- South Korean hip-hop songs have garnered explosive popularity on Spotify, the world's most popular music streaming service, during a 12-month period between August 2021 and July 2022. A playlist comprised of South Korean hip-hop songs was streamed more than 20 million times. The number of song streams increased by 56 percent from five years ago. "K-Hip-Hop +82," which has just changed its name to "KrOWN," was mostly favored by Americans, followed b
September 1, 2022 -
POSCO ties up with Indian firm Greenko for green hydrogen and ammonia production
SEOUL -- POSCO partnered with Greenko, a renewable energy company in India, to push for the establishment of a business model for the production of green hydrogen and ammonia. India has abundant solar and wind resources. The steel group has tried to develop technologies for extracting large amounts of hydrogen from ammonia and supplying green hydrogen to power stations and industrial facilities. Green hydrogen does not use any fossil fuel during its manufacturing process. Ammonia is
September 1, 2022 -
Amore Pacific agrees to acquire U.S. luxury skincare brand Tata Harper for $125 million
SEOUL -- South Korea's top beauty product maker Amore Pacific agreed to acquire Tata Harper, an American luxury skincare brand, for $125 million as part of efforts to accelerate its presence in the U.S. market and elsewhere. Tata Harper creates luxurious and sustainable products that are 100 percent natural. In a regulatory filing on September 1, Amore Pacific said its U.S. subsidiary, Amorepacific US Investment, would acquire 100 percent of Tata's Natural Alchemy, the ope
September 1, 2022 -
SK ecoplant becomes largest shareholder of U.S. waste battery recycling company Ascend Elements
SEOUL -- SK ecoplant, an environmental and energy solution provider affiliated with South Korea's SK Group, has strengthened its presence in the recycling of discarded electrical or electronic devices such as waste electric vehicle batteries by becoming the largest shareholder of Ascend Elements, an innovative U.S. waste battery recycling company. SK ecoplant said it has signed a stock purchase agreement of $50 million with Ascend Elements, which has efficient technologies to
September 1, 2022 -
Fuel cell forklifts introduced to establish S. Korea's first hydrogen logistics center
SEOUL -- Hydrogen fuel cell forklifts will be introduced for the establishment of South Korea's first eco-friendly hydrogen logistics center in a pilot project involving an asset management company, a logistics company, and a joint venture between SK E&S and Plug Power, an American provider of hydrogen fuel cell turnkey solutions. SK E&S, an energy company affiliated with South Korea's SK Group, said that SK Plug Hyverse, a joint venture with Plug Power, has signe
September 1, 2022
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Seoul unveils new slogan for iconic landmark 'Dongdaemun Design Plaza'
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VIDEO: Dongdaemun Design Plaza celebrates 10th anniversary
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Korean e-commerce firms vying to lure customers quitting Coupang over fee hike
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N. Korean leader inspects test-firing of new multiple rocket launcher shell
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Korean football team fails to qualify for Olympics for first time in 40 years
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Seoul aims to revitalize Han River into leisure, tourism hub
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Education startup Mathpresso makes TIME's top edutech company list
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Vietnamese schools adopt AI-based Korean learning platform
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VISUALS: Premier electric vehicle fair underway in Seoul
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HYBE takes legal action against NewJeans agency CEO amid management control feud