S. Korea endorses development of 155 mm guided shells and 130mm rocket system

SEOUL -- South Korea approved a military program to spend some 440 billion won ($328 million) on developing the Korean version of Excalibur, a 155 mm extended-range U.S. guided artillery shell, to quickly and accurately hit key enemy targets. The project is aimed at developing 155mm precision-guided shells from 2024 to 2036. Excalibur was co-developed by Raytheon, a U.S. guided missile producer, and BAE Systems Bofor of Sweden, as a longer-range alternative to conventional artillery

November 28, 2022

Lunit's AI analysis solution proved to be effective in detecting breast cancer

SEOUL -- "Lunit INSIGHT MMG," a solution specializing in detecting breast cancer created by South Korea's medical artificial intelligence company Lunit, turned out to be more effective when it performs diagnosis tasks with a human doctor rather than when only two human doctors identify the disease. The adoption of solution can increase work efficiency by replacing human experts who are prone to making mistakes. Lunit's AI-based solution uses software robots to

November 28, 2022

$4.29 billion earmarked for production of homemade light-armed helicopters by 2031

SEOUL -- A military program to produce homemade light-armed helicopters developed by Korea Aerospace Industries (KAI), the sole aircraft maker in South Korea, got approval with an injection of 5.75 trillion won ($4.29 billion) for nine years by 2031. The program is aimed at replacing an aging fleet of light helicopters such as MD500s and AH-1S Cobra. The green light came at a meeting chaired by Defense Minister Lee Jong-sup, according to the Defense Acquisition Program Administrat

November 28, 2022

Woowa starts door-to-door robot food delivery in iconic Gangnam shopping mall

SEOUL -- The operator of Baedal Minjok, South Korea's top food delivery service operator, has started a door-to-door robot food delivery service at an iconic shopping mall complex in Gangnam, a Seoul district well known for rapper Psy's 2012 song "Gangnam Style." The service demonstrates a technical advance in self-driving food delivery robots that have been tested in limited environments. Woowa Brothers has developed Dilly, a lineup of serving and food delivery

November 28, 2022

Shinsegae's online fashion platform opens pop-up store in trendy fashion district Seongsu

SEOUL -- W Concept, the online fashion platform wing of South Korea's retail giant Shinsegae, has opened a pop-up store where customers can purchase various fashion items after trying them on in a showroom. A pop-up store is an experimental shop that only opens for a short period. The store is located in Seongsu, Seoul's vibrant fashion district with many colorful fashion stores that attract many young shoppers who like to express themselves through special apparel items. S

November 28, 2022

SK picglobal opens world's first DPG-only production facility

SEOUL -- SK picglobal, a chemical joint venture in South Korea, opened a plant that can only produce about 30,000 tons of dipropylene glycol per year to meet a growing global need. Dipropylene glycol is a very useful reactive intermediate in various industries for its low toxicity and solvent properties that make it an ideal additive for perfumes and skin and hair care products. Dipropylene glycol is a co-product coming from the manufacture of mono propylene glycol. It is a water-so

November 28, 2022

Virtual influencer 'WAI' to make debut with ballad song

SEOUL -- WAI, a virtual influencer created by the operator of South Korea's famous video streaming service AfreecaTV, will make its debut with a ballad song titled "Want to Be a Star." The virtual influencer created using a full three-dimensional model will also root for South Korea's national football team participating in the FIFA World Cup Qatar 2022. The music video and the video showing the virtual model's support for the South Korean international foot

November 25, 2022

WeMade pledges legal action against 'death verdict' by crypto exchanges to delist native token

SEOUL -- The founder of South Korea's online game developer WeMade warned of legal action against a death verdict given by a coalition of domestic crypto exchanges led by Upbit to delist the native token of the company's blockchain ecosystem, saying that such an "unfair" action should not impede the establishment of a digital economy platform. "I think it's very unfair," WeMade CEO Henry Chang said in an online press conference on November 25 with t

November 25, 2022

​Naver releases 'BTS Travel Book' for English and Japanese travelers in S. Korea

SEOUL -- Naver Snow, a web service platform operator affiliated with South Korea's internet portal giant Naver, has released a travel guidebook featuring the intellectual property of K-pop sensation BTS. The guidebook targets English and Japanese speakers visiting South Korea. South Korea, which had virtually closed its border to individual travelers at the height of a coronavirus pandemic in 2020 and 2021, opened its gates in early 2022, started issuing short-term visas in May

November 25, 2022

SK on ties up with China's GEM to establish nickel joint venture in Indonesia

SEOUL -- A U.S. inflation reduction act puts pressure on many South Korean companies to reduce their traditional reliance on Chinese raw materials and set up a diversified supply chain, especially in the manufacturing and distribution of electric vehicle batteries. Realistically, it's hard to cast off the yoke of the world's second-largest economic power which has already established itself as South Korea's indispensable trade partner. SK on, a battery maker affiliated w

November 25, 2022