Latest news
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CHA Biotech opens cell and gene therapy CDMO facility in Texas
SEOUL -- The U.S. subsidiary of CHA Biotech, a biopharmaceutical company with South Korea's largest pipeline of stem cell therapies, has finished the construction of a contract development and manufacturing organization (CDMO) production facility for cell and gene therapy medicines. The manufacturing facility with a 500-liter bioreactor targets the global cell and gene therapy market that is projected to reach $36.92 billion, according to global market research firm ResearchAnd
May 4, 2022 -
Global EV race 'Formula E' to be held in Seoul after two years of suspension
SEOUL -- Formula E, a city-based single-seater electric car motor racing championship originally scheduled to be held in Seoul in 2020, will finally capture motorsport fans in South Korea in August. The global racing event was suspended for two years due to the COVID-19 pandemic. Formula E, officially the ABB Federation Internationale de l'Automobile (FIA) Formula E Championship, is sanctioned by FIA, the governing body for auto racing events. Unlike conventional racing event
May 4, 2022 -
Autonomous trucking company Mars Auto raises $12 million Series A
SEOUL -- Mars Auto, an artificial intelligence startup that develops self-driving technology for trucks in South Korea, has raised $12 million in the Series A funding round led by GFT Ventures, a venture capital investment firm based in California, reflecting investors' interest in the level of the company's technology development. Autonomous truck driving must be implemented with completely different models in a high-speed environment. Mars Auto develops a perception-ba
May 4, 2022 -
Kakao promotes B2C2C as new catchword for open chat-based mobile messaging app
SEOUL -- B2C2C is a new catchword promoted by South Korea's web service company Kakao to turn its popular mobile messaging app, Kakao Talk, into an open chat room. The ultimate goal is to target global markets through a metaverse platform. B2C2C combines B2C (business to consumer) with C2C (consumer to consumer). It simply means that a company can sell one product to one consumer who can in turn either sell or share the very same product with other consumers without the compa
May 4, 2022 -
S. Korea starts production of long-range air defense radar prototype
SEOUL -- In an effort to replace outdated U.S.-made military radars, South Korea has embarked on the production of a prototype model for a homemade long-range air defense radar system capable of scanning a broad and distant flying zone. The top-notch radar system's performance was enhanced by more than 20 percent compared to the current system. The new system was developed through a 46 billion won ($36.4 million) project led by LIG Nex1, a defense contractor, to cover the Korea
May 4, 2022 -
SKY Technology ties up with Intel to optimize game environment and promote joint marketing
SEOUL -- SKY Technology, the developer of an easy non-fungible token (NFT) business platform in South Korea, tied up with U.S. technology giant Intel to optimize a game environment and promote global joint marketing. Under a memorandum of understanding, SKY Technology and Intel would promote technology cooperation to implement an optimal gaming environment on personal computers equipped with Intel's central processing units and graphics engines and provide industry-leading adva
May 4, 2022 -
Yanolja's cloud solution wing makes strategic investment in India's Innkey
SEOUL -- The cloud solution wing of Yanolja, a leading travel and leisure activity reservation service platform in South Korea, will make a strategic investment in Innkey Infosystems with the conditional acquisition of the India-based service provider of cloud-based hotel management software. Yanolja Cloud said the investment is aimed at expanding its global Software-as-a-Service (Saas) solution business by combining the technology and know-how of the two companies. Innkey provide
May 4, 2022 -
Hanwha Defense secures opportunity to broaden K9's overseas supply network through user club meeting
SEOUL -- Hanwha Defense, a major defense company affiliated with South Korea's Hanwha Group, has secured an opportunity to broaden the overseas supply network of the world's most popular self-propelled howitzer, K9 Thunder, through a meeting of user countries such as Norway, Finland and Estonia. At the first meeting of a K9 user community on April 27-28 at its home base in the southern city of Changwon, Hanwha Defense drew favorable reviews. The user community meeting takes
May 3, 2022 -
Researchers develop quick and accurate infectious disease diagnosis kit technology
SEOUL -- Researchers have developed a quick and accurate diagnosis sensor kit technology that can effectively detect infectious diseases in 50 minutes. The rapid diagnosis technology is almost as accurate as the polymerase chain reaction technique that can detect diseases including COVID-19 with an accuracy rate of about 95 percent in about six hours. Polymerase chain reaction test equipment that uses blood samples is very bulky and requires many hours to come up with results. Rapi
May 3, 2022 -
Seoul to offer useful bicycle-related information through smartphone app
SEOUL -- As an effort to popularize bicycles as the city's main transport medium, Seoul will offer bicycle lovers useful information such as the location of nearby bike repair shops and public bicycle parking spaces through a smartphone app. Currently, such information is accessible through Seoul districts' official websites. Seoul has adopted many different programs to encourage the use of bikes. In January 2022, the city partnered with bicycle trading platform operator Wr
May 3, 2022
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LG Electronics, Kakao Mobility collaborate on delivery robot service
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Analysts predict poor earnings for major Korean game publishers in first quarter
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Carmakers, tech firms gather in Seoul for premier industry show
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Label control battle casts shadow over NewJeans' comeback
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N. Korea leader praises accuracy of short-range ballistic missiles
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Hyundai Motor, Matrix Renewables sign solar energy deal for EV plant in US
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Korean oil refiners harness pyrolysis technology to recycle plastics
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Russia pushes back against cancellations of ballet shows in Seoul
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Korea witnesses aging workforce trend in SME labor market
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AI translation service for foreigners gains momentum in Korea