Latest news
-
Lego-themed amusement park ready for grand opening in S. Korea
SEOUL -- The world's 10th Lego-themed amusement park is ready for its grand opening in South Korea, with all opening-day tickets sold out in advance, 11 years after developers launched the idea of turning a lake island into a tourist attraction with full support from local governments. Construction has been delayed due to opposition from civic groups and disputes over how to finance it. The Legoland park in Chuncheon some 75 kilometers (46.6 miles) northeast of Seoul is to off
May 2, 2022 -
Naver's webtoon service attracts 180 million monthly active users worldwide
SEOUL -- The webtoon service wing of South Korea's web service giant Naver has seen on a roll by attracting some 180 million monthly active users worldwide in March 2022, up 291 percent from 46 million in May 2017. Webtoon, also known as webcomics, is an online cartoon service that is based on a free-to-read payment system. Customers can read comics freely but they have to pay for the latest issues or special content. According to global market research firm MarketResearch,
May 2, 2022 -
SK chemicals ready for mass production of PO3G polymer derived from biological raw materials
SEOUL -- SK chemicals, a unit of South Korea's SK Group, is ready for the mass production of PO3G (Polyoxytrimethylene Glycol), a polymer derived from biological raw materials, using fermented corn. The new material brand-named "Ecotrion" reduces greenhouse gas emissions and offers long durability. SK chemicals has completed the establishment of a PO3G production line in the southeastern industrial port city of Ulsan. PO3G products would be mainly used for materials th
May 2, 2022 -
LF's online store to offer NFT-based luxury goods authentication service
SEOUL -- South Korea's major fashion retailer LF has adopted a non-fungible token-based product authentication service for customers who buy luxury goods through the retailer's online shopping mall. A non-fungible token (NFT) is a blockchain-based digital token containing the necessary information to verify and authenticate an object or a non-fungible asset in the real world. Each token is given unique identification hash values so that they can be used as an unhackable
May 2, 2022 -
KT commercializes AI control tower solution for automated communication network management
SEOUL -- South Korea's top telecom company KT commercialized an artificial intelligence-based control tower solution that can help business and infrastructure operators easily manage their communication networks in real-time. The solution can monitor various communication data and preemptively detect network malfunctions in real-time and provide solutions to solve problems without the need for a human communication network specialist. KT's AI-based control tower solution &
May 2, 2022 -
KT partners with Shinhan to upgrade AI-based financial fraud prevention system
SEOUL -- KT, a top telecom company in South Korea, has partnered with a major domestic financial group to upgrade an artificial intelligence-based financial fraud prevention system. The anti-fraud system will help the financial service operator preemptively detect and cut off fraud attempts in real-time. Phishing is the most common financial fraud method used to lure people to unveil their personal information including their personal identification numbers, bank accounts and pas
May 2, 2022 -
CJ ENM acquires stake in U.S. metaverse studio Hyperreal
SEOUL -- Through a strategic investment aimed at strengthening content production capabilities, CJ ENM has acquired a stake in Hyperreal, a U.S. metaverse studio and entertainment producer that creates digital humans in visual effects studios. The South Korean media company that created the Oscar-winning film "Parasite" anticipates synergy when Hyperreal's technology is applied to its content library. The size of CJ ENM's investment was not disclosed. CJ ENM gaine
May 2, 2022 -
S. Korea to demonstrate small fishing boat using carbon composite materials
SEOUL -- The demonstration of small fishing boats manufactured with carbon fiber-reinforced polymers began in a state project aimed at nurturing the use of homemade carbon fibers and establishing an independent value chain of carbon materials in South Korea. Carbon fiber-reinforced polymers (CFRP), or known as carbon composite, are extremely strong and light fiber-reinforced plastics. CFRPs are used in an increasing number of high-end products that require stiffness and low weight,
April 29, 2022 -
SK ecoplant joins hands with power generation company to invest in green hydrogen facilities abroad
SEOUL -- SK ecoplant joined hands with a public power generation company to invest in green hydrogen facilities abroad, focusing on Australia and the Middle East. Green hydrogen is a type of hydrogen fuel that does not use any fossil fuel during its manufacturing process. Korea East West Power will purchase green hydrogen made overseas, along with the operation and maintenance of related facilities. SK ecoplant is in charge of hydrogen production solutions including electrolysis te
April 29, 2022 -
GI-Cell partners with Helixmith and Cartexell to develop cell therapy technology
SEOUL -- GI-Cell, a South Korean developer of immune cell therapy products, has partnered with DNA and protein-based therapeutics companies to jointly develop cell therapy technologies involving immune cells to enhance disease-fighting abilities of target patients. GI-Cell has signed a memorandum of understanding with Helixmith and Cartexell to develop cell therapy medicine based on an immune cell expander platform. GI-Cell hopes to target the global immune cell therapy market thro
April 29, 2022
-
Korea reports world's first demonstration of integrated operation of urban air mobility systems
-
SNU professor to spearhead Korea's inaugural space agency
-
HD Hyundai establishes new headquarters for marine energy businesses
-
Video streaming services in Korea sharply raise subscription fees
-
Korea launches first nanosatellite in New Zealand
-
Pinkfong creates Baby Shark-themed musicals to captivate global fans
-
LG Electronics, Kakao Mobility collaborate on delivery robot service
-
Analysts predict poor earnings for major Korean game publishers in first quarter
-
Carmakers, tech firms gather in Seoul for premier industry show
-
Label control battle casts shadow over NewJeans' comeback