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

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

November 17, 2022

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

November 17, 2022

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

November 17, 2022

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,

November 17, 2022

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

November 17, 2022