LG Chem to build aerogel plant at plastic waste recycling base for operation in 2024

SEOUL -- LG Chem, the chemical unit of South Korea's LG Group, will build an aerogel plant at its plastic waste recycling base for commercial operation in 2024, along with a "supercritical" pyrolysis plant, as part of efforts to expand its environment-related business. About 310 billion won ($234 million) will be spent on building the two plants in Dangjin some 80 kilometers (49.7 miles) southwest of Seoul. Aerogels are a class of synthetic porous ultralight mate

November 16, 2022

Hyundai Glovis establishes strategic partnership with Malaysia's Lion Group for logistics upgrading

SEOUL -- Hyundai Glovis, the logistics wing of South Korea's Hyundai auto group, established a strategic partnership with Lion Group and agreed to realize logistics upgrading for the Malaysian steel group by implementing a new computer operating system for integrated transportation management. Under a memorandum of understanding, Hyundai Glovis said it would start providing logistics consulting in early 2023 to diagnose the status of Lion Group's steel logistics and find i

November 16, 2022

SK geo centric partners with Britain's Plastic Energy to build Asia's biggest pyrolysis plant

SEOUL -- SK geo centric, a chemical company affiliated with South Korea's SK Group, joined forces with Plastic Energy, a chemical recycling company in Britain, to build Asia's biggest pyrolysis plant capable of recycling 66,000 tons of plastic waste per year. Pyrolysis is a chemical recycling process that can convert plastic waste into high-quality oil. SK geo centric (SKGC) will build a pyrolysis plant in a recycling cluster in the southeastern industrial city of Ulsan by

November 16, 2022

State institute partners with Samsung SDI to set up incubation course for battery researchers

SEOUL -- A prominent state technology institute has forged a partnership with Samsung SDI, the battery-making wing of Samsung Electronics, to kick-start a program aimed at incubating battery researchers. South Korea is home to leading battery makers. Thanks to the popularization of electric vehicles and renewable energy, the world's secondary battery market, valued at $87.8 billion in 2019, is projected to reach $220 billion by 2027, according to global market research firm Mor

November 16, 2022

ASML breaks ground for lithography cluster in S. Korea

SEOUL -- The construction of ASML Holding N.V.'s lithography cluster began after the Dutch manufacturer of crucial chip-making equipment pledged close cooperation with South Korean semiconductor companies which have expanded their investment to cement their top position in memory chip production and enhance their competitive power in the global foundry market. ASML CEO Peter Wennink hosted a groundbreaking ceremony on November 16 in Hwaseong, about 30 kilometers (18 miles) south

November 16, 2022

Seoul to provide personal danger monitoring service for taxi passengers

SEOUL -- A personal danger monitoring service will be demonstrated in Seoul to help taxi passengers safely return home. By entering the destination and boarding time before getting on the taxi through a smartphone app called "Ansimi," users can share their location information with the service's control tower in real-time and ask for help in case of an emergency. Ansimi is a smart safety app that connects about 70,000 closed-circuit television cameras (CCTVs) in 25

November 16, 2022

KT develops 6G antenna technology to expand reception area of Terahertz waves

SEOUL -- South Korea's top telecom company KT has developed reconfigurable intelligent surface (RIS), a core 6G antenna technology that can expand the reception area of Terahertz waves, in collaboration with a research institute. The technology capable of adjusting the direction of radio transmission and reflection can be used in areas where it is difficult to set up base stations or relay equipment. RIS is regarded as a cost-effective technique that can enhance the spectrum ef

November 15, 2022

Hanwha Systems secures deal to deliver prototype of radar for dome-shaped air defense system

SEOUL -- Hanwha Systems, a key defense contractor affiliated with South Korea's Hanwha Group, has secured a deal from a state defense technology development agency to deliver the prototype of a radar for a dome-shaped air defense system that intercepts North Korea's long-range artillery shells and cruise missiles sneaking across the tightly guarded inter-Korean border. In a regulatory filing on November 15, Hanwha Systems said it has signed a contract worth 51.2 billion won

November 15, 2022

LX Pantos works with Air France KLM to join sustainable aviation fuel program

SEOUL -- LX Pantos, a total logistics company in South Korea, tied up with Air France KLM Martinair Cargo, a key player in the air cargo industry, to cooperate in revitalizing air cargo transportation using sustainable aviation fuel that is produced from sustainable feedstocks and can reduce carbon emissions. Air France KLM's program was launched in 2020 to expand the use of sustainable aviation fuel for shippers and carriers. Aviation biofuels, or sustainable aviation fuels (SA

November 15, 2022

​LG Electronics showcases mini-LED monitor capable of displaying surgery scenes

SEOUL -- At MEDICA 2022, a global medical device fair in Düsseldorf, Germany, LG Electronics unveiled a light-emitting diode (LED)-based surgical monitor that clearly shows video images of affected areas and blood. Medical doctors can check various surgical information using the new device capable of simultaneously displaying multiple screens. The mini-LED monitor distinguishes red blood and affected areas that look extremely similar. It is equipped with a wide viewing angle p

November 15, 2022