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

November 21, 2022

​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

November 18, 2022

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

November 18, 2022

[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

November 18, 2022

[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

November 18, 2022

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

November 18, 2022

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

November 18, 2022

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

November 17, 2022

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

November 17, 2022

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

November 17, 2022