Latest news
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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 -
Hanwha Impact partners with specialty gas manufacturer to produce clean hydrogen using ammonia
SEOUL -- Hanwha Impact, a unit of South Korea's Hanwha Group, will produce hydrogen through ammonia cracking in collaboration with Wonik Materials, a domestic specialty gas manufacturer with technologies for designing an ammonia cracking system. Ammonia is produced through a chemical reaction between hydrogen and nitrogen at high pressure and temperatures. Ammonia cracking is the process of decomposing ammonia into hydrogen and nitrogen over a catalyst to increase the range of
July 27, 2022 -
Hyundai joins hands with state research bodies to develop lunar exploration mobility
SEOUL -- South Korea's Hyundai auto group formed a consultative group with six prominent state research bodies to carry out a joint study on the development of lunar surface exploration mobility. The move came ahead of the planned launch of South Korea's first lunar orbiter on SpaceX's Falcon-9 at Cape Canaveral Air Force Station in Florida. While developing technologies required for lunar exploration mobility, the consultative body will consider specific strategies a
July 27, 2022 -
Researchers discover new microorganism capable of decomposing oxybenzone
SEOUL -- South Korean researchers have discovered a microorganism that can multiply without oxygen and decompose oxybenzone, an organic component of many sunscreen lotions. It can be easily cultivated and used to clean up wastewater because of its no pathogenic nature. Oxybenzone provides broad-spectrum ultraviolet coverage. When used at high concentrations, it irritates and damages the skin and eyes, limiting the blending limit. There have been studies that linked coral damage to o
July 27, 2022 -
HL Klemove partners with mobility platform provider to develop technology for level 4 autonomous shuttle
SEOUL -- HL Klemove, a self-driving solution wing of South Korea's Halla Group, partnered with INAVI, a domestic mobility platform company, to develop an ultra-precision positioning technology for a self-driving shuttle scheduled to operate in a town district in a satellite city south of Seoul. The shuttle will secure level 4 autonomous driving functions. A level 4 self-driving vehicle navigates around places by communicating with on-road structures such as traffic lights and
July 27, 2022 -
GM to expand EV battery business with LG Chem's battery raw materials
SEOUL -- General Motors will expand its electric vehicle battery business through a long-term supply of cathode active materials from the mother company of its South Korean partner, LG Energy Solution, for use at their joint venture plant in the United States. Cathode active materials that consist of components such as nickel and lithium determine the capacity and voltage of batteries. LG Chem signed a long-term supply agreement with GM to supply more than 950,000 tons of cathode
July 27, 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