Latest News

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  [FOCUS] S. Korea presents new strategy to nurture metaverse as key national industry SEOUL -- "Metaverse is a digital new continent with infinite potential and a space of opportunity," declared Science and ICT Minister Lim Hye-sook in the government's policy coordination session where policymakers presented a new national strategy to catapult South Korea into a major player in the global metaverse market. The metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virt 2022-01-21
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  Musinsa teams up with Hyosung TNC to release eco-friendly cloth SEOUL -- Using an eco-friendly polyester fiber produced by a textile company, South Korea's major online apparel retail giant Musinsa will release T-shirts in the first half of 2022 through its affordable everyday-wear apparel brand. The eco-friendly polyester fiber called "Regen" can be made with recycled polyethylene terephthalate (PET) bottles. Recycled PET bottles have been used to manufacture clothes, bags and shoes. Bottle water companies in South Korea are relea 2022-01-21
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  Taihan Cable secures $50 mln order to build high voltage power cable grid in Singapore SEOUL -- Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, has secured an order worth $50 million from SP PowerAssets, a Singapore-based utility service provider, to build an extra-high voltage power cable grid in the sovereign island city-state. Under a full turn-key deal, Taihan said it is responsible for designing, laying, connecting and testing a 400kV power grid to be built on Jurong Island. It is the highest voltage power cable grid i 2022-01-21
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  Hyundai Oilbank signs business agreement with Aramco on ammonia utilization and supply SEOUL -- Hyundai Oilbank, a petroleum and refinery company affiliated with South Korea's Hyundai shipbuilding group, has signed a business agreement with Aramco on the utilization and long-term supply of ammonia from Saudi Arabia. Ammonia, which is a compound of nitrogen and hydrogen, contains no carbon but it needs pilot fuel for combustion. Ammonia is seen as an ideal resource to establish an eco-friendly hydrogen fuel cell-based infrastructure. It is also seen as a suitable 2022-01-21
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  7-Eleven to adopt big data-based commercial area analysis system for accurate sales forecast SEOUL -- The South Korean operator of global convenience store franchise 7-Eleven partnered with a domestic startup solution provider to accurately forecast sales of franchise stores through big data-based commercial area analysis. Various data including an analysis of floating population, sales of nearby shopping malls and traffic volume will be provided. On January 21, Korea Seven, the operator of 7-Eleven stores, said in a statement that the company signed an agreement with Oa 2022-01-21
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  Researchers develop transparent LED electronic displays based on active matrix SEOUL -- A South Korean research body has developed a transparent light-emitting diode electronic display that can reduce power consumption by more than 50 percent and allow free brightness control by using active-matrix technology. Active matrix is a type of addressing scheme used in flat panel displays. In switching individual elements, each pixel is attached to a transistor and capacitor actively maintaining the pixel state while other pixels are being addressed, in contrast wi 2022-01-21
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  Lotte Confectionery to release premium cream-filled chocolate cake snack in Russia SEOUL -- Lotte Confectionary, a confectionary wing of South Korea's conglomerate Lotte, will mesmerize "Russkis" with a premium cream-filled chocolate cake snack called "Mon Cher," taking advantage of the never-cooling popularity of Choco Pie, a chocolate-covered snack cake with marshmallow filling, which is enjoyed by the almost entire population of 144 million. Choco Pie and Mon Cher are both palm-sized, round-shaped chocolate cakes. While Choco Pie is fill 2022-01-20
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  Game publisher Smilegate establishes datasets for hateful online comments SEOUL -- Smilegate, a South Korean game publisher, has created a dataset that contains hateful online comments and speeches. The dataset can be used to prevent cyberbullying and online discrimination. Cyberbullying has long been a major problem in South Korea's internet world. Popular female celebrities Sulli and Goo Hara have committed suicide after being attacked by cyberbullies including radical feminists in 2019. At least one percent of students have suffered from onlin 2022-01-20
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  [INTERVIEW] Douzone compete with foreign ERP companies with homemade software solutions SEOUL -- It's not been easy for a homemade business management system to settle down in a market dominated by prejudice and popular foreign-made solutions. Douzone Bizon, an ICT solution and service provider in South Korea, has survived through the technology development of enterprise resource planning in an unfavorable market environment to become an essential solution for corporate management. Douzone, which is involved in a state project to establish a big data platform, supp 2022-01-20
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  CJ OliveNetworks secures order to build high-performance computing infrastructure SEOUL -- CJ OliveNetworks, an IT service management wing of South Korea's conglomerate CJ Group, will build a high-performance computing-based artificial intelligence public infrastructure that can be used by students, researchers and companies. The infrastructure will be established at a supercomputing center operated by a national science institute. High-performance computing (HPC) is used to solve extremely complicated computational problems in the science and engineering 2022-01-20
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  Hyundai auto group works with KCC to lower drying temperature of automobile paints SEOUL -- South Korea's Hyundai auto group has succeeded in developing innovative automobile paints that lowered the drying temperature by more than 30 degrees in collaboration with KCC, a leading domestic provider of construction materials and paints. By lowering the temperature of the hot air used in automobile painting, the amount of electricity and carbon can be reduced. The painting process requires a lot of electricity to dry the body with hot air above 160 degrees Celsiu 2022-01-20
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  S. Korea to adopt 624 hydrogen buses in southern port cities by 2025 SEOUL -- Two southern port cities -- Busan and Ulsan -- and South Gyeongsang Province will adopt a total of 624 hydrogen fuel cell buses in an effort to replace conventional internal combustion engine public city buses by 2025. The Ministry of Environment said in a statement on January 19 that the ministry has signed a cooperation agreement with Busan City, Ulsan City, South Gyeongsang Province and Hyundai Motor to adopt hydrogen buses. State money of up to about 300 million won ($ 2022-01-20
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  Hyundai Motor partners with IonQ to use quantum-powered chemistry simulation for new batteries SEOUL -- In a bid to increase its share in the world's fast-growing electric vehicle market, South Korea's Hyundai auto group will seek to find new source materials for the creation of next-generation batteries by using quantum-powered chemistry simulation through cooperation with IonQ, a U.S.-based quantum computing hardware and software company. The auto group said its expertise in lithium-ion batteries would be paired with IonQ’s expertise in quantum computing to c 2022-01-20
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  Researchers develop method to extract rare earth elements from industrial waste SEOUL -- It's been difficult to selectively recover rare earth elements from industrial waste. Many approaches have been studied, but they used solvents to cause environmental pollution or to recover rare earth elements once. Researchers developed a new solvent-free and eco-friendly method to extract rare earth elements from industrial waste. A research team led by Kwon In-chan, a professor of protein engineering at the Gwangju Institute of Science and Technology, has developed 2022-01-19
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  Researchers introduce heterostructure based metal oxide charge transfer complex for displays SEOUL -- Metal oxide thin films are considered an attractive material for various functional applications because of their favorable energy band structure, excellent processability, and high stability. Metal oxides are intensively used for multilayered optoelectronic devices such as organic light-emitting diodes and quantum-dot light-emitting diodes for ensuring efficient charge transport and charge injection into the emission layer. Many approaches have been explored to improve d 2022-01-19
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  Progress made in S. Korean project to produce liquefied hydrogen fuel tank for ships SEOUL -- A South Korean project to produce a commercially viable liquefied hydrogen fuel tank for ships appeared to have made quick progress after a prototype won preliminary approval from a domestic maritime classification society, based on design innovation and new cryogenic materials. Developers aim to transfer related technologies to shipbuilders by 2025. Hydrogen is extremely flammable when it is mixed with very small amounts of air. The liquefaction of hydrogen requires coolin 2022-01-19
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  7-Eleven partners with Mooving to install battery charging stations at convenience stores SEOUL -- Targeting South Korea's rapidly growing delivery market, eco-friendly mobility platform operator Mooving will provide electric motorcycle battery charging stations to the South Korean operator of global convenience store franchise 7-Eleven. The system will be test operated at two stores in Seoul, allowing electric motorcycle riders to charge or swap batteries. About 30,000 food delivery workers ride gasoline engine motorcycles in Seoul. Motorcycles and trucks used for 2022-01-19
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  S-Oil to bring Saudi Arabia's blue hydrogen and ammonia into S. Korea SEOUL -- S-Oil, a petroleum and refinery company controlled by Aramco, will bring in Saudi Arabia's blue hydrogen and ammonia. The company would seek to use hydrogen in the production of heavy oil decomposition and desulfurization. Blue hydrogen is produced by applying carbon capture and storage to reduce carbon emissions. S-Oil and Aramco signed a memorandum of understanding in Riyadh to strengthen cooperation in alternative energy and new petrochemical technologies. " 2022-01-19
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  Aramco partners with Doosan Heavy to build joint venture cast and forge plant SEOUL -- Saudi Aramco teamed up with Doosan Heavy Industries & Construction, a key player in South Korea's power industry, to build a major joint venture plant capable of producing 60,000 tons of casting and forging products annually for petrochemical plants, shipbuilding and offshore plants. The plant reflects the oil-rich country's drive to change its industrial structure. The joint venture named "TWAIG Casting & Forging" will be located at Saudi Arabi 2022-01-19
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  SK Telecom's quantum cryptography transmission encryption module secures government certification SEOUL -- Quantum cryptography transmission encryption modules developed by South Korea's top mobile carrier SK Telecom have secured crucial government certification, paving the way for government organizations and public institutions to protect key information against evolving hacking threats by strengthening communication security that requires high-capacity data processing. Quantum cryptography has emerged as an essential solution for safeguarding critical information because 2022-01-18