Latest News

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  Busan to distribute shoes containing family contact information for dementia patients SEOUL -- To efficiently identify dementia patients lost in the streets, South Korea's southern port city of Busan will provide shoes equipped with a tag containing patients' family contact information through collaboration with Treksta, a domestic apparel brand known for hiking shoes. Busan with a population of some 3.4 million is a super-aging society with an estimated number of 66,492 dementia patients in 2022. Dementia is a progressive disorder that causes brain cells to 2022-11-21
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  ​ADD partners with technology finance support institution to help defense technology companies SEOUL -- South Korea's defense technology development agency has partnered with a state-operated credit guarantee finance support institute to help technology companies suffering from heavy interest burdens due to global interest rate hikes. The Korea Technology Finance Corporation (KOTEC) is a finance support institute that evaluates the value of technology owned by an individual person or small and medium-sized companies (SMEs) based on a credit guarantee system. When its eva 2022-11-18
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  New missile test demonstrates considerable progress in Pyongyang's ICBM capabilities SEOUL -- With its new test launch that delivered more significant political messages than ever to Washington and its allies, North Korea appeared to have achieved considerable progress in its defiant push for the development of intercontinental ballistic missiles capable of attacking any targets in the United States with a large payload. An intercontinental ballistic missile (ICBM), launched from a military base near Pyongyang at 10:15 a.m. (0115 GMT) on November 18, flew to an alti 2022-11-18
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  [COLUMN] More than the ability to fight their opponents, we need competence from lawmakers SEOUL -- When the President’s chief of staff was questioned last week at a National Assembly meeting about the Itaewon tragedy, lawmakers wanted to know why President Yoon Seok-yeol hadn’t fired anyone yet. Why hadn’t he kicked out any Cabinet ministers, they asked. And what about police? You can’t have police chiefs investigating themselv 2022-11-18
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  [INTERVIEW] Aqualex aims to expand overseas sales with functional dermacosmetics SEOUL -- The utilization of organic components in dermacosmetics with high-quality and efficient skin remedies is projected to create new commercial opportunities. With functional dermacosmetic products containing harmless natural ingredients, Aqualex, a beauty product company in South Korea, aims to actively expand overseas sales, especially in Southeast Asia and the United States, citing a growing demand for dermacosmetics. "There is a growing demand for Korean cosmetics in 2022-11-18
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  SK's battery-making wing partners with prominent universities to develop solid-state batteries SEOUL -- SK on, a battery maker affiliated with South Korea's SK Group, partnered with prominent universities to nurture young researchers and jointly develop new technologies. The battery maker will focus on the development of solid-state batteries which are regarded as the next-generation power storage with higher performance and stability. A solid-state battery uses solid electrodes and a solid electrolyte instead of a liquid polymer gel used in lithium-ion batteries commonl 2022-11-18
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  State-run startup agency to issue $74.5 mln green bonds for startup companies go carbon-neutral SEOUL -- Korea SMEs and Startups Agency (KOSME), a state-funded startup-supporting agency, will issue green bonds worth 100 billion won ($74.5 million) to support small and medium-sized startup companies achieve net-zero carbon dioxide emissions. Funds will be raised to help smart factories adopt new equipment and commercialize various types of green technology. Green bonds are intended to encourage sustainability and to support climate-related or other types of special environme 2022-11-18
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  Researchers discover cancer metastasis inhibitor by co-culturing Antarctic fungi with microorganisms in S. Korea's eastern island SEOUL -- Researchers discovered a novel candidate material that suppresses cancer metastasis from the soil of Ulleungdo, a South Korean island located between the Korean peninsula and Japan, and developed technology to increase its amount by co-cultivating it with microorganisms found in Antarctica. The new material candidate can help doctors treat intractable diseases such as various cancer. Researchers led by Jang Jae-hyuk, a natural products chemist at Korea Research Institute o 2022-11-17
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  Saudi crown prince voices strong desire to make S. Korea crucial partner for Vision 2030 SEOUL -- Saudi Arabia's powerful Crown Prince Mohammed bin Salman expressed his strong desire to make South Korea a crucial partner for his initiative to transform the desert kingdom from an oil-dependent economy to a knowledge-based economy. Many South Korean companies showed their sincere interest in the proposed construction of a Neom smart city powered by renewable energy on the coast of the Red Sea. At talks with South Korean President Yoon Suk-yeol on November 17, Salman c 2022-11-17
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  Naver Cloud partners with marketing tech firm to offer cloud-based personalized marketing solution SEOUL -- Naver Cloud, the cloud computing service wing of South Korea's web service giant Naver, joined hands with Obzen, a Seoul-based marketing technology company, to provide cloud-based super-personalized marketing solutions to small and medium-sized companies. Similar marketing techniques were used by large conglomerates with huge computing power and a vast amount of data. Marketing technology, also known as "martech," is an effective sales tool based on AI, big d 2022-11-17
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  KAL's 2014 'nut rage' woman allowed to divorce husband with alimony SEOUL -- Cho Hyun-ah, a former Korean Air vice president known for a "nut rage" incident in 2014, was allowed to divorce her husband who filed a divorce suit four years and seven months ago with accusations of family violence and verbal abuse. Cho, 48, should pay 1.33 billion won ($994,233) in property division, but she acquired her legal status as a caregiver for her children. In its ruling on November 17, a family court in Seoul accepted a divorce suit filed by Cho and 2022-11-17
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  Cha Vaccine Institute introduces new drug candidate for combi-vaccine for COVID-19 and influenza SEOUL -- To prepare for the "twindemic," a simultaneous outbreak of two different kinds of epidemics, that is forecasted to hit South Korea at the end of 2022, Cha Vaccine Institute, a vaccine specialist lab affiliated with Cha Biotech, has introduced a new drug candidate for a combination vaccine for COVID-19 and influenza. Cha Biotech is a biopharmaceutical company with South Korea's largest pipeline of stem cell therapies. According to South Korea's disease con 2022-11-17
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  Kolon Global to build smart farm infrastructure capable of growing strawberries in Saudi Arabia SEOUL -- Kolon Global, a construction engineering company affiliated with South Korea's Kolon Group, will create smart farm infrastructure for strawberries in Saudi Arabia. Most strawberries in the middle eastern country are imported from foreign countries as cultivating strawberries is difficult due to the lack of agricultural land and water. A smart farm is an automated indoor farm created by combining information and communication technology (ICT) with agriculture. Because 2022-11-17
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  Hyundai Mobis unveils new technology to choose in-vehicle screen menu with gestures SEOUL -- A new technology developed by Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, allows users to choose the menu they want with just gestures and choose it with one touch. The frequently used menu pops up in the direction of users just by touching their hands close to the vehicle display while driving. The use of vehicle infotainment (IVI) systems will become more convenient by minimizing the driver's movements, preventing visual dispersion, 2022-11-17
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  S-Oil discloses $7.0 billion investment for steam cracker and other facilities with Salman's blessing SEOUL -- With the blessing of Saudi Crown Prince Mohammed bin Salman, S-Oil, a petroleum and refinery company controlled by Aramco, unveiled a new investment of $7.0 billion to upgrade new facilities and build a giant steam cracker that produces ethylene from naphtha and off-gas. This marked Aramco's most prominent investment in South Korea. S-Oil said in a regulatory filing on November 17 that the new investment was endorsed for a second-stage petrochemical expansion project 2022-11-17
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  KT commercializes AI-based control tower platform for IPTV media center SEOUL -- South Korea's largest telecom service operator KT has commercialized an artificial intelligence-based control tower platform for internet protocol television, or internet TV, service operators. The platform will autonomously manage an internet TV media center in charge of broadcasting some 370 real-time channels and about 30 audio-only channels. In South Korea with a population of about 52 million, paid TV services have gained usage because of cheap entry service f 2022-11-17
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  Baby Shark song becomes Britain's eighth most-streamed track SEOUL -- "Baby Shark," a catchy cartoon song created by South Korea's educational entertainment company Pinkfong, became the eighth most-streamed song in Britain, beating Despacito, a popular song released by Puerto Rican singer Luis Fonsi featuring rapper Daddy Yankee in 2017. Britain's "Official Chart" is known as one of the world's top song charts along with the U.S. Billboard Hot 100. Pinkfong Company said in a statement on November 17 that Baby 2022-11-17
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  LG Chem to build pilot facility for dry reforming of methane SEOUL -- LG Chem, a chemical unit of South Korea's LG Group, will build a pilot facility for the dry reforming of methane that makes plastic using carbon dioxide and a by-product gas collected in factories. The method is a groundbreaking carbon reduction facility, but commercialization has been limited due to the problem of rapidly lowering catalyst performances. The dry reforming of methane (DRM) method produces synthetic gas (syngas), a mixture of hydrogen and carbon monoxid 2022-11-17
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  LIG Nex1 selected to develop protoype of interceptor missile for dome-shaped air defense shield SEOUL -- LIG Nex1, a defense contractor in South Korea, was selected for a deal to deliver the prototype of an interceptor missile, marking the official beginning of a much-heralded military program to develop a dome-shaped air defense shield that intercepts North Korea's long-range artillery shells. The contract worth about 11.3 billion won ($8.5 million) is part of a research and development project that "integrates the prototype of a long-range artillery interception sy 2022-11-16
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  Almost half of S. Koreans are okay with remaining unmarried : survey SEOUL -- A survey showed about half of South Koreans are not serious about marriage. Many young people are less interested in tying the knot with their beloved due to costly expenses and unstable employment. In a 2022 survey of some 36,000 people aged more than 12, conducted by the national statistics office, 50 percent said that marriage is necessary, down 1.2 percent from two years ago. 43.2 percent said being married or not married does not really matter, and 3.6 percent said th 2022-11-16