Latest News

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  Norway's Equinor selects marine survey company for floating wind farm zone in S. Korea SEOUL -- Equinor, a Norwegian state-owned multinational energy company, has selected GeoView, a marine survey company in South Korea, for the undersea geophysical exploration and mapping of a venue for the installation of a major floating wind farm off the southeastern port city of Ulsan. Equinor has been involved in the construction of two floating wind farms off Ulsan. An environmental impact assessment is underway at the company's independent "Firefly" zone where 2022-04-28
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  Researchers develop highly efficient technique to retrieve rare metals from discarded EV batteries SEOUL -- Researchers from a state geoscience research institute have found a technique to retrieve rare metals from discarded electric vehicle batteries. Lithium-ion batteries contain rare metals such as nickel, cobalt, and lithium which can be recycled into new products. According to data released by French market research firm Yole Developpement, the global lithium-ion battery recycling market capacity is projected to grow at an annual average growth rate of 30 percent to reach 4 2022-04-28
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  S. Korea eases concern about urea solution shortage with independent production SEOUL -- South Korea will be able to escape fears of a crippling shortage in an essential industrial material that could paralyze traffic by achieving a domestic supply network of ammonium carbonate, a chemical compound that can replace an aqueous urea solution being used to cut pollution created by diesel engines. The achievement was the result of fast technology development with full government support. Capro, a chemical company that produces raw materials for nylon in South Korea 2022-04-28
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  Researchers develop technique to reduce inflammatory tissue reaction by implantable bioelectrodes SEOUL -- South Korean researchers have developed a technique that can be used for reducing inflammatory tissue reactions caused by bioelectrodes used in medical implants. When a body shows a foreign body reaction to implants, tissues that come in direct contact with electrodes can become inflamed or thick with scar tissues to lower the performance of the medical device. Bioelectrodes are conductive devices implanted or adhered to the tissue or other organs. They can sense ion distr 2022-04-28
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  OCI's Malaysian subsidiary secures long-term polysilicon supply with Hanwha Solutions SEOUL -- OCI, a green energy and chemical product maker in South Korea, will ship polysilicon for solar energy to Hanwha Solutions, a chemical and energy unit of Hanwha Group, under a long-term contract worth $1.2 billion through its subsidiary in Malaysia that uses hydroelectric power to produce low-carbon products. OCI said its Malaysian subsidiary, OCIM Sdn. Bhd. (OCIMSB) would ship polysilicon for 10 years from July 2024 to Hanwha Solutions, which controls Hanwha Q Cells, 2022-04-28
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  Doosan Fuel Cell partners with Canada's Ballard to develop hydrogen fuel cell system for mobility SEOUL -- Doosan Fuel Cell partnered with Ballard Power Systems, a Canadian manufacturer of polymer-electrolyte membrane fuel cells (PEMFC), to develop a hydrogen fuel cell system for mobility. PEMFC is being developed mainly for transport applications as well as for stationary and portable fuel-cell applications due to its high energy efficiency, simple structure and excellent durability. Hydrogen fuel cells use hydrogen as fuel to produce electricity. Small-sized cells are insta 2022-04-28
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  KT partners with O2O platform operator Manna Planet to develop remote-ordering system SEOUL -- South Korea's top telecom company KT partnered with Manna Planet, a domestic IT company specializing in online-to-offline platforms, to accelerate digital transformation that would help small business owners save costs and improve work efficiency through automation. Various remote-ordering systems will be created. Digital transformation (DX) incorporates various technologies such as internet of things (IoT), artificial intelligence and big data. Business operators can 2022-04-28
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  Hanwha Aerospace to develop integrated avionics system through government space program SEOUL -- Hanwha Aerospace, an aircraft parts maker in South Korea, will participate in a government space program to develop and acquire core space technologies, which are required to send rockets and satellites into space. The company will develop an integrated avionics system that is one of the key elements in space programs. An avionics system platform is a combination of software and electronics for aircraft, rockets, drones, and spacecraft. The platform serves as the control t 2022-04-28
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  Pilot SBAS service set for December for safe aircraft flight with corrected GPS signals SEOUL -- South Korea will provide a pilot service for the safe flight of aircraft by correcting GPS errors in real-time probably in December 2022 using the first satellite dedicated to its independent satellite-based augmentation system (SBAS). It is an international standard system that provides accurate location information by satellite. Malaysia's MEASAT-3d communication satellite has been leased for 15 years. European heavy-lift space launch vehicle Ariane 5 carrying the MEA 2022-04-28
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  POSCO to increase oxygen and nitrogen storage tanks to secure foothold in industrial gas market SEOUL -- South Korea's steel group POSCO will secure its foothold in the domestic industrial gas market by increasing the total capacity of oxygen and nitrogen storage tanks. The two chemical elements are crucial in the semiconductor and shipbuilding sector which have been rapidly growing during the last few years. Oxygen and nitrogen are vital elements used in the steelmaking process to initiate exothermic reactions to remove impurities such as carbon, silicon, phosphorous, an 2022-04-27
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  Seoul uses digital twin technology to create virtual autonomous vehicle testing zone SEOUL -- Seoul will use digital twin technology to create a virtual autonomous vehicle testing zone that is identical to the real-world testing environment located in western Seoul. The virtual clone of the test drive zone will be open to the public so that any researchers, students, or institutes can freely test and demonstrate self-driving technologies. Sangam, a western district of Seoul, is a relatively tranquil residential area netted with low traffic roads compared to other 2022-04-27
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  Raytheon's SM-6 favored for use by S. Korean Aegis warships to intercept ballistic missiles SEOUL -- SM-6, a missile system developed by U.S. aerospace and defense company Raytheon, has been selected for use by South Korean Aegis warships to intercept North Korean ballistic missiles. SM-6 was developed as the only weapon that can perform anti-air warfare, ballistic missile defense and anti-surface warfare missions. The system offers navies more flexibility in limited ship space. The proposed acquisition of Raytheon's SM-6 through a foreign military sale (FMS) progra 2022-04-27
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  Kakao Enterprise partners with video tech solution company to beef up live commerce services SEOUL -- Kakao Enterprise, the artificial intelligence-based business solution developer wing of South Korea's web service giant Kakao, has partnered with a domestic video technology solution company to beef up the company's live commerce broadcasting platform. A live commerce service offers online and mobile entertainment shopping shows in formats that are similar to that of TV home shopping channels. However, unlike the original TV shopping show format, the online versi 2022-04-27
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  Seoul's public bike rental service becomes popular public transport system SEOUL -- Seoul's public bike rental service called "Ttareungi," also known as Seoul Bike, has become one of the capital city's most popular public transport systems by being used more than 100 million times in about six and a half years since the service was launched in December 2015. The public bicycle rental system is favored by Seoulites who wish to travel short distances of a few kilometers instead of using crowded buses or subway trains. As of April 2022, the 2022-04-27
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  Solus clinches 5-year contract to ship copper foils for ACC electric vehicle batteries SEOUL -- Solus Advanced Materials, an electric component and copper product maker in South Korea, has secured a five-year contract to provide copper foils to Automotive Cells Company, an automotive battery producer in Europe. Copper foils for secondary batteries work as the bridge between external components and internal lithium-ion transports. In a deal worth some 200 billion ($158 million), Solus said that its subsidiary in Hungary would ship copper foils for five years from 20 2022-04-27
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  Lotte Chemical partners with US battery startup SOELECT to set up joint venture SEOUL -- Lotte Chemical, a major chemical company in South Korea, has partnered with SOELECT, a North Carolina-based electric vehicle battery startup specializing in lithium metal batteries, to set up a joint venture. They have yet to make a decision on whether to build a lithium metal anode production plant in the United States. Founded in 2018, SOELECT focuses on the development and production of lithium metal anodes which are considered the next-generation battery parts that wil 2022-04-27
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  SK Inc. makes additional investment to acquires domestic SiC power semiconductor producer SEOUL -- As part of a group-wide campaign to strengthen its battery-related business, SK Inc., an investment-oriented holding company of South Korea's third-largest conglomerate SK Group, will acquire Yes Powertechnix, the only domestic producer of power semiconductors based on a component of silicon and carbide (SiC), which are emerging as a key component of electric vehicles. Through the additional injection of about 120 billion won ($95 million), SK Inc. said it would acqui 2022-04-27
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  Rare ordinance enacted by local assemblymen to protect toad ecosystem SEOUL -- A rare ordinance has been enacted by local assemblymen in South Korea to protect an ecosystem for the Asiatic toad between their habitat in a mountain and a spawning ground in the middle of a residential area. The Asiatic toad is a species of toad endemic to East Asia. The species is relatively rare on the Korean Peninsula. The Asiatic toad avoids dense forests, but is found in most other habitats, including grasslands, open forests, meadows, and cultivated areas. It pref 2022-04-26
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  Seoul to build micro hydropower plant near bridge in southeastern district SEOUL -- Seoul will build a 2.5 megawatt-class micro hydropower plant near Jamsil Bridge in southeastern Seoul with an annual capacity of some 14 gigawatt-hours. The power plant can power about 3,440 households annually and reduce about 6,600 tons of greenhouse gases. Micro hydropower plants generate electricity by converting energy generated by the flow of water in streams or waterways using a turbine. More electricity can be produced with a stronger drop and a greater quantity of 2022-04-26
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  LG and Seoul National University open joint research center for core hyperscale AI multimodal technologies SEOUL -- The research center operated by South Korea's LG Group and Seoul National University has opened a joint artificial intelligence research center to accelerate their study on hyperscale multimodal AI systems. A multimodal AI system uses special processing algorithms to learn and understand connections between various types of data including texts, voices, images, and other numerical data. The AI system can also mimic the way humans think to understand surroundings us 2022-04-26