Latest News

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  KT ties up with i3DMeta to apply fast 3D image conversion solution to metaverse and IPTV SEOUL -- As animation markets face a technical transition from 2D to 3D in the metaverse era, i3DMeta, a startup based in South Korea, is drawing attention with a fast 3D image conversion solution that can provide competitive prices. Traditionally, converting 2D images into 3D has required a large number of manpower and long hours of work, However, i3DMeta's solution was seen as an effective tool to save time and cost. The startup hopes to open an era where 3D videos of various 2022-07-01
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  Sesame Lab founder eyes overseas markets with contactless digital master key platform SEOUL -- Blockchain technology is bringing about change innovative changes in many parts of daily lives, including the home security system. Using a contactless digital master key platform, smartphone users don't have to take out access cards or press passwords to enter their houses. They just need a smartphone application. Keyring, a digital key platform developed by Sesame Lab, an IT startup founded by Damian Kim, is drawing attention in a contactless era caused by a COVID- 2022-07-01
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  SM-LG home fitness service targets global market with K-pop and dance content SEOUL -- SM, an entertainment powerhouse in South Korea, partnered with LG Electronics to launch a home fitness service that would contain various content such as K-pop and dance-based exercises. LG's platform technology and SM's K-pop content capabilities will be combined for differentiated services. In a ceremony on June 30, SM Entertainment LG Electronics launched a joint venture named "Fitness Candy" and disclosed their goal to compete with Apple's subscri 2022-06-30
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  Hyundai Robotics' quarantine robot uses plasma and UVC LED sterilization. SEOUL -- An autonomous quarantine robot developed by Hyundai Robotics is ready for commercial operation. It can conduct face-to-face quarantine activities in the lobby and passageways of buildings using plasma and ultraviolet-C light-emitting diode (LED) sterilization. Hyundai Robotics, a robot maker affiliated with South Korea's top shipbuilding group, would release its new quarantine robot on July 1. Plasma sterilization removes various harmful bacteria and discharges purified 2022-06-30
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  Daewoo shipyard works with university to develop radiated noise reduction technology SEOUL -- Daewoo Shipbuilding & Marine Engineering, a major shipbuilder in South Korea, will carry out a joint study with a national university on technologies to reduce anthropogenic noise that has threatened underwater wildlife, responding to an international campaign to tighten relations on marine environmental protection. Daewoo Shipbuilding & Marine Engineering (DSME) said that its joint research with Mokpo National Maritime University is expected to advance noise pred 2022-06-30
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  Samsung Engineering acquires stake in Vietnam's water treatment company DNP Water SEOUL -- Samsung Engineering, a construction and project management company in South Korea, has acquired a 24 percent stake in DNP Water, a leading private water treatment company in Vietnam, for $41 million. Vietnam will be used as a regional base for business expansion into neighboring countries. The Vietnamese government has called for bigger private funding to meet growing demands for clean water and piped water. DNP Water has expanded urban water treatment and supply faciliti 2022-06-30
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  LG Chem leads project to recover resource in cement production SEOUL -- South Korean cement companies are expanding the use of waste plastic with high bio-mass content as an alternative fuel to reduce greenhouse gas emissions from the heating of limestone, the burning of fossil fuels, and a chemical process called calcination. Burning waste plastics produces chlorine dust, a byproduct that cannot be recycled. Chlorine components attached to the walls of cement preheaters also reduce the utilization of production facilities. LG Chem tied up wit 2022-06-30
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  POSCO Chemical partners with British startup Britishvolt to develop and supply battery materials SEOUL -- POSCO Chemical, a unit of South Korea's top steel group POSCO, has secured a new partner for the expansion of its business in Europe through a deal with Britishvolt, a battery startup based in Britain, to develop and supply materials for electric vehicle batteries. Under a memorandum of understanding, the two companies agreed to cooperate on the joint development of battery materials to be used in Britishvolt's batteries and promote supply contracts. Along with t 2022-06-30
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  LGES signs deal to receive battery materials from U.S-based Compass SEOUL -- In an effort to establish a stable supply network in North America, LG Energy Solution, the battery-making wing of South Korea's LG Group, has secured a seven-year deal from Compass Minerals, a U.S. provider of essential minerals, to receive key raw materials for lithium-ion batteries. Under a memorandum of understanding, LG Energy Solution (LGES) would receive as much as 40 percent of Compass Minerals' planned annual phase-one lithium carbonate and lithium hydro 2022-06-30
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  Lotte Chemical secures stable supply of four raw materials for electrolyte organic solvents SEOUL -- Lotte Chemical, a major chemical company in South Korea, will produce four core materials for electrolyte organic solvents to have a competitive business structure and a stable supply of core raw materials for electric vehicle lithium-ion batteries. Lotte Chemical said it would produce ethyl methyl carbonate (EMC) and diethyl carbonate (DEC) through its own technology development for the first time in South Korea. EMC is a low viscosity solvent, generally prepared by the es 2022-06-29
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  SK materials and Japanese partner consider joint entry into U.S. semiconductor material market SEOUL -- SK materials, a major special gas producer in South Korea, and its Japanese partner, Showa Denko, proposed the idea of making their joint entry into the U.S. semiconductor material market, pointing to growing demands caused by a U.S. government campaign to strengthen domestic capabilities in manufacturing high-tech technologies. The two companies signed a memorandum of understanding at the head office of Showa Denko on June 29 to consider entering North America with semic 2022-06-29
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  S. Korea's first homemade COVID-19 vaccine secures final state approval for manufacturing and sales SEOUL -- South Korea's first homemade COVID-19 vaccine developed by SK Bioscience secured final state approval for manufacturing and sales at home and abroad. SK Bioscience will seek to get its vaccine listed by the World Health Organization for emergency use. The Ministry of Food and Drug Safety, a government public health agency, said it has approved the manufacturing and sales of SK Bioscience's vaccine codenamed GBP510 as a condition of submitting the final result repor 2022-06-29
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  Silica used for Kolmar Korea's color cosmetics to replace microplastics SEOUL -- Powder formulations containing microplastics are widely used for the soft application of color cosmetics, but research has been conducted to find alternative materials as microscopic plastic particles have become a serious environmental issue that can have devastating effects on ecosystems and human health. Kolmar Korea, a beauty and cosmetics product maker, has developed a technology that replaces microplastics used in color cosmetics with silica, a natural substance Silic 2022-06-29
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  KT ties up with U.S. tech firm Swift Navigation to provide ultra-precision location service SEOUL -- South Korea’s top telecom company KT tied up with Swift Navigation, a San Francisco-based tech firm, to provide an ultra-precision location data service by reducing the error range of GPS signals to centimeters. Precise positioning information can be applied to smartphones, self-driving cars, unmanned equipment, drones and flying taxis. KT said it has signed a business partnership with Swift Navigation that provides precise position solutions. Swift Navigation's r 2022-06-29
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  [FOCUS] SK siltron leads establishment of domestic ecosystem in SiC power semiconductor production SEOUL -- South Korean companies have pulled together to build a solid domestic ecosystem in the production of silicon and carbide (SiC) power semiconductors, which are emerging as a key component of electric vehicles, led by SK siltron, a wafer company that has pushed for the expansion of its global market share. Because of durability and stability, SiC power semiconductors are rapidly replacing silicon (Si) power semiconductors. SiC power semiconductors are used as a device that co 2022-06-29
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  Solus board approves $187 million investment in copper foil factory in Canada SEOUL -- Solus Advanced Materials, an electric component and copper product maker in South Korea, earmarked about 240 billion won ($187 million) for investment in the construction of a battery copper foil factory in Quebec, Canada. The plant is to start the mass production of 17,000 tons of foils in the second half of 2024. Solus said its board endorsed the proposed investment of 240 billion won in its subsidiary, Volta Energy Solutions (VES), which will own the foil factory in Cana 2022-06-28
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  CJ Cheil Jedang's biodegradable plastic material selected as first case to receive state certification SEOUL -- A biodegradable plastic material produced by CJ Cheil Jedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, was selected as the first case to receive state certification for excellent biodegradation properties. CJ Cheil Jedang has developed polyhydroxyalkanoates (PHAs), which are produced by bacteria during the fermentation process of sugar or lipids including fats, oils and waxes to store carbon and energy, and can be used with other 2022-06-28
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  Pterosaur footprints provide evidence for gregarious gathering in mixed-age groups SEOUL -- An assemblage of pterosaur footprints from the early Upper Cretaceous track site in the southern part of the Korean Peninsula provided new evidence for gregarious behavior, hinting at the possibility that pterosaurs gathered in mixed-age groups some 90 million years ago. The Seoyuri track site in Hwasun, some 260 kilometers (161 miles) southwest of Seoul, yielded numerous footprints made by individuals ranging from 0.5 to 1.5 meters in wingspan, representing a not yet kno 2022-06-28
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  LG Innotek develops new car radar module with world's highest resolution and performance SEOUL -- LG Innotek, the electric component unit of South Korea's LG Group, unveiled a new in-vehicle radar module capable of detecting the presence or movement of life using radio waves. The module boasting the world's highest resolution and performance can prevent theft and identify the location and number of passengers in all seats as well as bio-signals and movements. With the aim of commercializing its new module in 2024, LG Innotek vowed to actively target global mar 2022-06-28
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  Hyundai shipyard wins Philippine order to build six offshore patrol vessels SEOUL -- South Korea's Hyundai shipbuilding group has secured an order worth 745 billion won ($580 million) from the Philippines to build and deliver six 2,400-ton offshore patrol vessels by the end of 2028. The ship mounted with a 76mm gun and two 30mm auxiliary guns will have a helideck to operate helicopters and drones. Under a customized contract signed with the Philippine Defense Department in Manila on June 27, Hyundai Heavy Industries (HHI) said it would reflect req 2022-06-27