Latest news
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SD Biosensor partners with domestic PEF to acquire U.S. diagnostic kit maker Meridian
SEOUL -- With plenty of cash reserves from the robust overseas sale of COVID-19 antigen self-testing kits, SD Biosensor, an in-vitro diagnostics company in South Korea, joined hands with a domestic private equity fund to acquire Meridian Bioscience, a U.S. producer of diagnostic test kits, for two trillion won ($1.54 billion). It was described as the biggest deal in South Korea's pharmaceutical and bio industry to acquire a foreign company. SD Biosensor said, adding that with Me
July 8, 2022 -
Major hydrogen fuel cell power plant to be built in seaside project city in S. Korea
SEOUL -- A giant hydrogen fuel cell power plant capable of producing 200 megawatts of electricity that can be used by 330,000 households annually will be built in a tourism and leisure enterprise city under construction in South Korea's southwestern coastal area, along with a smart farm, The smart farm will use carbon dioxide and hot water generated by the hydrogen fuel cell plant to grow crops on about 60,000 square meters of land in Solaseado, a project eco-friendly city in Ha
July 8, 2022 -
S. Korean cosmetics exports up 21% on-year to $9.2 billion in 2021
SEOUL -- Exports of South Korean cosmetics products hit a record high of $9.2 billion in 2021, up 21.3 percent from a year ago. This is the third-largest export performance in the world after France and the United States. Cosmetics products contributed a lot to South Korea's total year-end trade surplus. South Korea houses four world-class beauty product makers -- LG Household, Amore Pacific, Able C&C and Clio Cosmetics, along with many cosmetics startups targeting North Am
July 7, 2022 -
H2 fund reveals business groups' determination to establish hydrogen ecosystem
SEOUL -- Unswayed by uncertainties triggered by South Korea's new energy roadmap that prioritized nuclear power over renewable energy, a private business association involving major business groups revealed their determination to accelerate the establishment of a hydrogen ecosystem with the launch of an H2 fund worth about 500 billion won ($384 million). Mirae Asset, a top asset managing group in South Korea, will recruit investors by the end of 2022. "The proportion of hyd
July 7, 2022 -
Mexico favored by S. Korean EV component makers to circumvent U.S. trade restrictions
SEOUL -- Mexico is emerging as a place favored by South Korean electric vehicle component makers to circumvent trade restrictions imposed by the United States where demand for electric vehicle components is increasing with the expansion of renewable energy and eco-friendly transportation means. At Ramos Arizpe, a city in the Mexican state of Coahuila, POSCO International, a trading arm of South Korea's steel group POSCO, held a groundbreaking ceremony on July 6 for its plant to
July 7, 2022 -
Bodyfriend rolls out massage chair upgraded into healthcare product
SEOUL -- A conventional massage chair mounted with a simple pressing and kneading function has evolved into a sophisticated medical device for rehabilitation. The robot-like massage chair created by South Korean medical experts enables both legs to move separately and stimulates various muscles so that patients can quickly recover from muscle knots after having an operation. "Phantom Rovo, "a new chair developed by Bodyfriend, a Seoul-based massage chair and
July 7, 2022 -
Construction begins for U.S company onsemi's research center for SiC power semiconductors
SEOUL -- U.S semiconductor supplier company onsemi broke ground for a research center in South Korea to develop and produce next-generation silicon and carbide (SiC) power semiconductors, which are emerging as a key component of electric vehicles, with an injection of 1.4 trillion won ($1.08 billion) by 2025. onsemi's research center will be located in Bucheon, a city in Gyeonggi Province, which is about 25 kilometers (16 miles) away from Seoul. Gyeonggi Province Governor
July 7, 2022 -
SK ecoplant works with domestic venture firm to develop energy-saving water treatment solution
SEOUL -- SK ecoplant, a major waste management company affiliated with South Korea's SK Group, tied up with a domestic environmental venture enterprise to develop a new energy-saving water treatment solution that can compete with proprietary technologies possed by only a few foreign companies. SK ecoplant said it has signed a joint technology development agreement with Pure Envitech, a membrane specialist company that produces equipment for sewage and wastewater treatment.
July 7, 2022 -
LS Cable to mass-produce liquid-cooled ultra-fast cables
SEOUL -- LS Cable & System, a major cable maker in South Korea, has localized liquid-cooled ultra-fast cables that can be used for charging electric vehicles. The company improved a method used by European companies to reduce the possibility of failure due to the leakage of coolant. According to South Korea's charging standards, ultra-fast chargers for 400 kilowatts or higher must be liquid-cooled. Their charging speed is twice faster as air-cooled chargers for 50 to 250 kW
July 6, 2022 -
Hyundai Engineering joins state project to develop AI design automation technology
SEOUL -- Hyundai Engineering, a unit of South Korea's Hyundai auto group, will develop artificial intelligence-based design automation technology that automatically recognizes and extracts necessary information in engineering design drawings and documents. A consortium involving Hyundai Engineering and research institutes has been selected for a 33-month state project to develop AI-based design automation technology that would increase efficiency by shortening working hours whil
July 6, 2022
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Commemorative event explores Tagore's legacy in Korea
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VISUALS: Indian philosopher Tagore's 163rd birth anniversary celebrated on Nami Island
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John Y. Lee, Korean War hero who interpreted for MacArthur, dies at 95
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'We support BTS, not HYBE'
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Hanwha Robotics, B-Robotics join hands on restaurant automation project
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BTS agency launches global audition for new boy band
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Spike in juvenile gambling raises concerns in Korea
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Harmful substances found in toys sold on Chinese e-commerce platforms
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Hyundai Rotem selected as preferred bidder for armored vehicle contract with Peru
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Korea to launch international webtoon festival in September