Latest news
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GI Cell partners with Japan's Optieum Biotechnologies to commercialize CAR-NK cell products
SEOUL -- GI Cell, affiliated with South Korea's biotechnology unicorn GI Innovation, has signed a research license agreement with Japan's Optieum Biotechnologies to develop and commercialize engineered natural killer cell-based products. The killer cells are regarded as the next-generation solution for hematological tumor treatments. According to GI Cell, the South Korean biotechnology company signed a research license and option agreement with Optieum Biotechnologies. The J
December 13, 2022 -
Shinsegae's convenience store chain partners with meal kit maker targeting busy consumers
SEOUL -- Emart24, the convenience store chain operated by South Korea's retail giant Shinsegae, has partnered with Super Kitchen, a ready-to-eat meal kit maker, targeting consumers who cannot spare time to shop and cook meals at home. Following the first wave of a coronavirus pandemic in early 2020, South Korea's food market saw a big change in consumers' shopping habits. According to the agriculture ministry, 2.4 percent of consumers bought processed food through onlin
December 13, 2022 -
S. Korea's largest 1.5 gigawatt-class solar power complex to be built in southeastern city
SEOUL -- The southern industrial city of Daegu some 240 kilometers (149 miles) southeast of Seoul will transform its outdated factory areas into a renewable energy power plant complex by replacing old slate factory roof materials with solar panels while using idle spaces for solar energy generation facilities. The solar power plant infrastructure would be the size of some 120 football fields. Daegu played the role of the heart of South Korea's fabric industry with its huge compl
December 13, 2022 -
Hyundai to supply fuel cell systems to European eco-friendly truck maker
SEOUL -- HTWO, a fuel cell system wing of the Hyundai auto group, forged a partnership with ENGINIUS, a commercial eco-friendly truck-making wing of Germany's FAUN Group, to provide fuel cell systems. This is the first time the South Korean carmaker to sign a fuel cell system supply deal with a commercial carmaker. Hyundai's hydrogen fuel cell system brand HTWO was first introduced in December 2020 to develop fuel cell systems for cars, trains, and ships. Targeting China
December 12, 2022 -
LS Cable wins $306.2 mln HVDC cable contract for Vanguard Offshore Wind Farm in Britain
SEOUL -- LS Cable & System, a major cable maker in South Korea, has won a 400-billion-won ($306.2 million) contract for high-voltage direct transmission (HVDC) cables from Sweden's state power company Vattenfall. The special cable will be used for the delivery of electricity for an offshore wind farm that will be built some 47 kilometers (29 miles) east of Britain's eastern Norfolk coast. HVDC converts alternating current into high-voltage DC and can send large amounts
December 12, 2022 -
S. Korea to recycle more than 20% of discarded materials from ocean by 2027
SEOUL -- In an effort to recycle more than 20 percent of waste materials collected from the ocean by 2027, South Korea's maritime ministry will launch a committee that manages various types of ocean waste. Such materials can be recycled and efficiently used as raw materials for eco-friendly products such as clothes, bags and shoes. According to data released by the Ministry of Oceans and Fisheries in 2021, more than one million tons of ocean waste were collected across the coun
December 12, 2022 -
Hyundai Shipyard wins $69.8mln LPG tanker order from Oceania country
SEOUL -- South Korea's Hyundai shipbuilding group grabbed an order worth $69.8 million to build a liquefied petroleum gas tanker ship, a typical type of ship that carries liquefied gas across oceans. The company also revealed during a conference call that the number of contracts won this year has exceeded its initial goal that was set earlier this year. Korea Shipbuilding & Offshore Engineering (KSOE) said during a conference call on December 12 that the company received a
December 12, 2022 -
S. Korea to lead international standardization of liquid hydrogen fuel tank technology
SEOUL -- South Korea's standardization proposal for liquid hydrogen fuel tank technology was adopted as a draft standard at an international conference. Fuel tanks that store hydrogen in a liquid state are crucial components for urban air mobility vehicles. Liquid hydrogen is created by cooling hydrogen gas to an extremely low temperature of about minus 253 degrees Celsius (minus 423 Fahrenheit). The liquified form has about ten times more energy density than the vapor state.
December 12, 2022 -
Arms procurement agency partners with LIG Nex1 to develop high-performance counter-battery radar
SEOUL -- South Korea's arms procurement agency has partnered with LIG Nex1, a defense contractor, to develop a high-performance counter-battery radar system in an effort to replace outdated radars that are currently in use. A counter-battery radar can detect artillery projectiles fired by one or more guns, rocket launchers mortars, and howitzers. When incoming artillery shots are detected, the counter-battery radar can pinpoint the location of enemy forces that fired them. Norm
December 12, 2022 -
Atomy Chairman Park Han-gill receives consumer-friendly award from fair trade watchdog
SEOUL -- The chaiman of South Korea's direct selling company Atomy has received an award from the country's state fair trade watchdog for rolling out consumer-friendly business management plans. The company was certified as a consumer-centered management company by the state consumer agency for the first time as a direct selling company in 2019. Founded in 2009 by chairman Park Han-gill, Atomy is a global direct distributor that recorded more than 2 trillion won in sales in
December 9, 2022
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Korea Zinc begins share buyback amid control battle
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Former Singapore minister jailed for corruption
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Avian influenza outbreak kills 48 big cats in Vietnamese zoos
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Junior doctors go on strike in India following rape, murder case
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Dried seaweed price soars at fastest rate in 37 years
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Chinese envoy calls for de-escalation amid tension between Lebanon and Israel
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China launches campaign to combat online misinformation
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Qatar condemns Middle East crisis as 'collective genocide'
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US considers strikes on Iran following missile attack on Israel
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OPINION: How Middle East conflict could influence US election – and why Arab Americans in swing states might vote for Trump