Latest news
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Researchers develop technology capable of simultaneous communication with 1,100 IoT devices
SEOUL -- South Korean researchers have developed a new technology that can communicate with more than 1,000 large-scale internet of things using ultra-low power. Through millimeter-wave backscattering technology, communication can work properly even in an environment with too many obstacles and reflectors installed. Millimeter-wave communication that utilizes the frequency band of 30-300 gigahertz (GHz) is a technology to be adopted for 5G and 6G and provides high scalability by se
July 29, 2022 -
FNS Holdings seeks global expansion with digital fashion content
SEOUL -- In the era of digital fashion where clothes are sold and purchased in virtual spaces, FNS Holdings, a fashion metaverse mall platform startup based in South Korea, revealed fearless aspiration to foster a global platform with digital fashion content targeting young people. A prolonged COVID-19 pandemic has accelerated the introduction of virtual experience shopping based on new technologies such as artificial intelligence (AI), virtual reality (VR), and augmented reality (A
July 29, 2022 -
First 8,200-ton guided-missile Aegis destroyer launched at Hyundai shipyard
SEOUL -- A 8,200-ton guided-missile destroyer featuring an Aegis combat system was launched in a ceremony chaired by President Yoon Suk-yeol, who described the new vessel as "a national strategic asset" with enhanced capabilities to intercept ballistic missiles and carry out anti-submarine operations. The new Aegis destroyer named "Jeongjo The Great" has a strengthened stealth performance, a vertical launch pad for ballistic missile interception, and an advance
July 28, 2022 -
DL Chemical to build world's biggest polyisoprene latex plant in southwestern Singapore
SEOUL -- Cariflex, a synthetic rubber material wing of South Korea's petrochemical company DL Chemical, will build the world's biggest polyisoprene latex plant in Singapore. Polyisoprene latex will be used to produce surgical gloves and condoms. Polyisoprene latex is a synthetic, water-based polymer latex used in various sectors including the medical and contraceptive market. Its demand in the contraceptive market is high to prevent unintended pregnancies and sexually trans
July 28, 2022 -
POSCO Chemical secure new contract from GM to supply cathode materials for high-nickel batteries
SEOUL -- POSCO Chemical secured a new three-year contract worth 13.7 trillion ($10.5 billion) from General Motors to supply cathode materials for high-nickel batteries to GM's joint venture with LG Energy Solution, a major battery maker in South Korea. Cathode materials produced at POSCO Chemical's domestic plant in the southern industrial port city of Gwangyang will be shipped from 2023 to the GM-LG joint venture, Ultium Cells. POSCO Chemical and GM have agreed to buil
July 28, 2022 -
POSCO and Indonesian partner agree to double production capacity of joint venture steel plant
SEOUL -- South Korea's steel group POSCO and its Indonesian partner, PT Krakatau Steel, will double the annual production capacity of their joint venture steel plant in the Southeast Asian country to six million tons with a joint injection of $3.5 billion for five years. They will also cooperate and participate in the construction of Indonesia's new capital. A memorandum of understanding was signed by POSCO and the Indonesian state-run company on July 28 in Seoul in a cerem
July 28, 2022 -
Hanwha Group leads state project to develop unmanned reusable spacecraft
SEOUL -- Through cooperation with university research teams, South Korea's Hanwha Group jumped into the development of uncrewed reusable spacecraft technology that can significantly reduce costs as they can re-enter space several times after returning to Earth. Reusable spacecraft can fly in space for a long time with their own propulsion and perform various missions. Unmanned space vehicles are emerging as a game-changer in the global space industry as they can drastically red
July 28, 2022 -
LG Chem and GS Caltex to develop 1,4-BDO organic compound for white biotechnology partnership
SEOUL -- LG Chem will work with GS Caltex, a major refiner in South Korea, to develop technology on 1,4-Butanediol, an organic compound used as a solvent and in the manufacture of some types of plastics, elastic fibers and polyurethanes, as part of their cooperation in the white biotechnology industry that focuses on the creation and distribution of biodegradable bioplastics. 1,4-Butanediol (1,4-BDO) is a highly versatile intermediate capable of undergoing a number of types of ch
July 28, 2022 -
LG Electronics ties up with SoundHound to develop advanced voice AI technology for in-vehicle infotainment systems
SEOUL -- LG Electronics tied up with SoundHound, a U.S. audio and speech recognition company, to jointly develop advanced voice AI technology for new in-vehicle infotainment systems, which are seen as the heart of connected cars that provide various features such as navigation, self-diagnostics, entertainment and vehicle controls. LG Electronics has signed a memorandum of understanding with SoundHound. The partnership will leverage LG’s innovative in-vehicle infotainment (IV
July 28, 2022 -
Poland signs framework contract to acquire Hanwha's K9 Thunder and and support vehicles
SEOUL -- Poland has signed a framework contract to acquire K9 Thunder, a popular self-propelled howitzer developed by South Korea's Hanwha Defense, and support vehicles. It is a comprehensive agreement that requires negotiations on volume and other terms. Earlier, Poland said it has signed basic deals with South Korea to acquire 48 FA-50 light attack fighters, 980 K2 battle tanks and K9s, saying it has been striving to "fill the gap" created by the delivery of weapons
July 28, 2022
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Yoon, opposition leader sit down for talks for first time
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Price of Korean seaweed skyrockets amid growing demand overseas
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Dongwon F&B, Konkuk University join hands to develop safe pet food
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Korea sees 22% surge in moonlighting workers during 1st quarter
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Korea Western Power secures electricity supply deal in UAE
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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