Latest News

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  Researchers work on technologies of recover high-purity resources from solar waste panels SEOUL -- South Korean researchers will lead a government-initiated project to develop technologies that recover high-purity resources from solar waste panels. When technology is developed, 97 percent of silver and 95 percent of silicon can be recovered and recycled from solar waste panels. Solar panels are composed of glass, aluminum, plastic, and silver. Currently, the recycling of solar waste panels is complicated and not eco-friendly because raw materials are separated by crush 2022-05-09
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  Kakao Brain develops new face-swapping technology with simplified architecture SEOUL -- Kakao Brain, the AI research unit of South Korea's web service company Kakao, has developed a new technology that would expand the capabilities of smooth and fast face-swapping through enhanced identity embedding and simplified architecture. The company predicts its new technology is expected to develop various kinds of digital humans. Face swapping refers to the task of swapping faces between images or in a video, while maintaining the rest of the body and environment 2022-05-09
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  KT's logistics platform wing releases AI freight brokering service SEOUL -- lolab, the digital logistics platform wing of South Korea's major telecom company KT, launched an artificial intelligence-based freight brokering service targeting the rapidly growing logistics industry. Once users register their cargo information into the system, the platform will find the best-matching driver for a minimum fee. Government data showed that South Korea's logistics industry is projected to reach 116 trillion won ($90.9 billion) in 2025 and 140 trillion 2022-05-09
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  GI Innovation's GI-101 selected for government-initiated drug development program SEOUL -- GI-101, an immunotherapy agent being developed by South Korea's bio-venture company GI Innovation, has been selected for a government-initiated drug development program to receive financial support at clinical stages. GI Innovation said it would get up to seven billion won ($5.5 million) in research support for two years from the Korea Drug Development Fund (KDDF), which supports the investment, nurture and development of promising drugs. KDDF's move is seen as a 2022-05-09
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  LG Chem works with state institute to commercialize electrochemical reactor for CO2-based plastic production SEOUL -- LG Chem, the chemical unit of South Korea's LG Group, joined hands with a state institute to develop and accelerate the commercialization of an electrochemical reactor to convert carbon dioxide into a core material for plastics. The reactor is also capable of producing various types of syngas. The reactor was developed through a project that began in April 2021 to develop carbon capture and utilization (CCU) technologies and hydrogen energy technologies which are key e 2022-05-09
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  Samsung Electronics proposes considering all available bands for 6G SEOUL -- In a white paper, Samsung Electronics has proposed considering all available bands for 6G, from the low band under one gigahertz (GHz) to the high band in the 24-300 GHz range, saying the era of 6G is set to connect as many as 500 billion devices, with vehicles, appliances and even buildings being connected to a super-fast communications network. GHz is a unit of frequency equal to one billion hertz. The mid-band within the 7-24 GHz range is a candidate that can support f 2022-05-09
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  New U.S. spy plane deployed to support U.S. Army missions in Indo-Pacific SEOUL -- A new spy plane developed by L3Harris Technologies has been deployed in support of U.S. Army military mission in the Indo-Pacific region. The new aircraft with greater capability and increased standoff ranges than the RC-12 Guardrail platform in service for decades can fly for up to 14 hours at altitudes above 12.5 kilometers (41,000 feet). The new aircraft would help U.S. troops based in South Korea to enhance airborne intelligence, surveillance and reconnaissance (ISR) ca 2022-05-06
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  Lotte Insurance releases indemnity insurance plan for service robots SEOUL -- Lotte Insurance, the insurance wing of South Korea's conglomerate Lotte Group, has partnered with a service robot company to release an indemnity liability insurance plan for store owners who operate delivery or service robots. The insurance will plan will cover almost every accident case caused by robots at the store premise. More service robots are adopted at restaurants, coffee shops, and hotels in South Korea webbed with super-fast 4G and 5G networks. The country 2022-05-06
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  Southern port city to demonstrate eco-friendly ammonia hybrid vessel SEOUL -- South Korea's maritime gateway, Busan, has launched a project to develop and demonstrate an eco-friendly 30-ton-class vessel powered by an ammonia hybrid engine. The project also includes the standardization of ammonia fuel tanks and a bunkering technique for fueling ships with ammonia. Global shipbuilders are trying hard to develop efficient eco-friendly fuel-based vessels to reduce their dependency on fossil fuels after the International Maritime Organization (IMO), 2022-05-06
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  SK Telecom's in-house alliance invests in game developer to strengthen AI-Verse competitiveness SEOUL -- SK Telecom, a top mobile carrier in South Korea, and its sister company, SK Square made strategic investments in Haegin, a domestic game developer, to strengthen the competitiveness of their artificial intelligence and metaverse businesses and build an infrastructure for their expansion abroad. SK Telecom (SKT) and SK Square will invest a total of 50 billion won ($39 million) together to become the biggest strategic investor in Haegin. The size of their holdings was not 2022-05-06
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  SK Geo Centric's pyrolysis technology wins government approval SEOUL -- SK Geo Centric, a chemical company affiliated with South Korea's SK Group, has set the stage for the full utilization of its pyrolysis technology to reduce carbon dioxide emissions by securing government approval. South Korean research institutes, private companies and academics have joined hands to popularize pyrolysis recycling as a method to respond to climate change. SK Geo Centric has launched a joint study with the Korea Research Institute on Climate Change to 2022-05-06
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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 2022-05-04
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  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 a coronavirus 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 even 2022-05-04
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  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 2022-05-04
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  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 2022-05-04
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  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 2022-05-04
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  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 2022-05-04
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  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 2022-05-04
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  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 2022-05-03
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  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 2022-05-03