Latest news
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US drugmaker Rhythm Pharmaceuticals to acquire LG Chem's anti-obesity drug technology
SEOUL -- Rhythm Pharmaceuticals, a Boston-based biopharmaceutical company, has agreed to acquire technology for LB54640, an anti-obesity drug candidate developed by South Korea's major chemical company LG Chem. A second-stage clinical study is under way in the United States. Rare obesity mainly occurs due to an abnormal function of the melanocortin-4 receptor (MC4R), a gene that sends a satiety signal. The disease typically manifests in childhood, and patients with the cond
January 5, 2024 -
LG partners with golf service platform to deploy 1,200 service robots to golf clubs in Southeast Asian countries
SEOUL -- LG Electronics will deploy some 12,000 of its third-generation service robots to golf clubs in Southeast Asian countries for the next two years through a cooperation partnership with a Seoul-based golf service platform operator. South Korea's service robot market which stood at 857.7 billion won ($653.3 million) in 2022 is growing at an annual average growth rate of about 30 percent, according to the Korea Association of Robot Industry. It is common to see service rob
January 5, 2024 -
UN predicts S. Korea's economic growth rate to be 2.4% in 2024
SEOUL -- A report released by the United Nations showed that South Korea’s economic growth is projected to grow at 2.4 percent in 2024. The figure is higher than the growth forecast for the country's gross domestic product for 2023 which stood at 1.4 percent. According to the UN report titled "World Economic Situation and Prospects 2024," South Korea's economic growth would increase to 2.4 percent this year thanks to the recovery in private investment in 20
January 5, 2024 -
N. Korea fires some 200 artillery shots into West Sea
SEOUL -- North Korea has fired some 200 artillery shots into the West Sea, also known as the Yellow Sea. The shells landed just north of the Northern Limit Line, a maritime demarcation line in the West Sea that separates North Korea and South Korea. The Northern Limit Line (NLL) was drawn initially by the United Nations Command (UNC) in 1953 during the armistice negotiations that brought a ceasefire to the Korean War (1950~1953). However, Pyongyang has continuously challenged the
January 5, 2024 -
S. Korean elderly care service company to commercialize AI-based dementia diagnosis app in 2024
SEOUL -- "Brain Up," an artificial intelligence-based dementia diagnosis application developed by South Korea's elderly care service company Leben Grida, will be commercialized in the second half of 2024. The smart solution engages in verbal conversations with elderly people and monitors cognitive functions by analyzing their speech. Dementia is a progressive disorder that leads to the degeneration and death of brain cells. Patients often suffer from memory decline.
January 5, 2024 -
S. Korea partially restores vandalized Seoul palace walls using laser and chemicals
SEOUL -- South Korea's Cultural Heritage Administration, operated by the culture ministry, has partially restored the walls of the Gyeongbokgung Palace, the main palace of the Joseon dynasty that ruled the Korean peninsula from 1392 to 1897, located in the central Seoul area. Gyeongbokgung is an iconic palace in Seoul that was visited by some 3.4 million people in 2022. The area near the Blue House, the former presidential office, remains a high-security area with a score of c
January 4, 2024 -
S. Korea provides video interviews for refugee status applicants
SEOUL -- South Korea's justice ministry is providing video interviews for refugee status applicants who are unable to find their interpreters. Because the majority of professional interpreters live in Seoul and its surrounding cities, the ministry had difficulty communicating with minority language speakers residing in rural regions. Since 1994, the Ministry of Justice has selected refugees through in-person interviews. As of October 2023, a total of 100,176 people applied for
January 4, 2024 -
S. Korea to set up logistics center in Viet Nam's key manufacturing province
SEOUL -- The South Korean government has established a private-administrative joint venture in a bid to establish a mega logistics center in Viet Nam's southern province of Dong Nai. The region located west of Ho Chi Minh City is one of Viet Nam's key manufacturing powerhouses. Dong Nai Province has some key industrial characteristics that make the region an important area in Viet Nam's map of manufacturing. Cat Lai Port, Viet Nam's biggest maritime gateway, is loc
January 4, 2024 -
About 42 percent of S. Korean households consist of single people: data
SEOUL -- Among some 23.9 million households in South Korea with a population of about 51 million, about 42 percent consisted of people living alone, data released by South Korea's interior ministry showed. The ministry predicted the large proportion of single households was affected by a rising number of unmarried couples and elderly people who live alone. According to data released by the Ministry of the Interior and Safety, the number of South Korea's single households
January 4, 2024 -
[CES2024] LG Electronics and Magna develop integrated platform for autonomous driving
SEOUL -- Through a collaboration that was kick-started in January 2023, South Korean electronics giant LG Electronics and global mobility technology company Magna have succeeded in the development of an integrated autonomous vehicle platform, the South Korean tech giant said. The two companies showcased their proof of concept for their in-vehicle infotainment (IVI) system and advanced driver assistance system (ADAS) at the Consumer Electronics Show (CES), the world's largest a
January 4, 2024
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Korea, Japan hold rare meeting on joint development zone in East China Sea
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Woori Bank expands international teller services
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Samsung faces fines over radiation exposure incident
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VISUALS: Insa Traditional Culture Festival opens in Seoul
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Gangnam: The epitome of affluence in modern Korea
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Former defense chief Ishiba wins Japan's ruling party leadership
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Korea to lure more skilled foreign talent
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KEPCO builds largest energy storage system in Asia
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POSCO Future M delays completion of Canadian JV cathode plant
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Samsung unveils Galaxy Tab S10 series with enhanced AI features