Speculation over game developer Com2uS' acquisition of 4.2% stake in SM Entertainment

SEOUL -- Com2uS, a game development and publishing company in South Korea, has secured a 4.2 percent stake in SM, an entertainment powerhouse that has been under pressure from minority shareholders to enhance transparency in governance and accounting. The move comes amid growing attention among market watchers to SM's next shareholders' meeting. Com2uS said that its investment was based on the judgment that SM has been relatively undervalued and has a high value for futur

November 1, 2022

Researchers develop smart valve to automatically control pipeline damage

SEOUL -- An artificial intelligence-based valve capable of automatically restoring the main functions of a damaged pipeline was developed to control unexpected pipe breakage that can lead to loss of lives and significant property damage. The smart valve will be used in various sectors such as naval ships and industrial sites. Pipeline systems supply gas or liquid that transfers mechanical energy and maintain the pressure levels in various equipment and facilities such as warships a

November 1, 2022

Doosan Enerbility jumps into battery recycling market with eco-friendly method

SEOUL -- Doosan Enerbility, a power plant equipment manufacturer in South Korea, jumped into the waste battery recycling market through cooperation with L & F, a domestic cathode active material producer, to extract lithium from waste powder generated during the production of cathode materials. With L & F's waste power, Doosan Enerbility will extracts lithium with its patented technology that selectively separates lithium using distilled water and extracts lithium carbon

November 1, 2022

CJ AI Center partners with state research institute to develop brainwave-controlled robotic arms

SEOUL -- South Korea's food and entertainment conglomerate CJ Group has teamed up with a prominent state science institute to develop brain-inspired artificial intelligence technology that will allow machines to think in the same way a human brain does. The technology can be applied to brain wave-controlled robotic arms designed to help disabled people increase productivity and usability. Brain-inspired artificial intelligence (AI) analyzes intentions and behaviors from bio-si

October 31, 2022

High manganese steel LNG fuel tank installed on container carrier at Daewoo shipyard

SEOUL -- A liquefied natural gas fuel tank made of high manganese steel has been installed on a giant container carrier under construction at South Korea's Daewoo shipyard. This is the world's first dual fuel-powered container carrier carrying an LNG fuel tank using high manganese steel, which is an alternative material for cryogenic services. Daewoo Shipbuilding & Marine Engineering (DSME) said that a square-shaped high-manganese steel LNG fuel tank has been mounted i

October 31, 2022

Neubility works with insurance company to provide insurance for accidents involving autonomous robots

SEOUL -- To efficiently handle accidents caused by autonomous robots, Neubility, an autonomous robot startup in South Korea, partnered with a major domestic insurance company to provide a comprehensive insurance service. Compensation for personal injuries and property damage will be provided in accidents involving autonomous robots. Neubility signed an agreement with Dongbu Insurance to operate insurance services for accidents generated by indoor and outdoor self-driving robots. In

October 31, 2022

Ceremony held to break ground for first research institute on dismantling nuclear power plants

SEOUL -- The construction of South Korea's first research institute on the dismantlement of nuclear power plants began amid concerns over radioactive waste in decommissioning old reactors. South Korea has 24 reactors in operation, which meet one-third of the country's power needs. An aging reactor in the Gori nuclear power complex near the southeastern port of Busan is to be permanently shut down in 2017. For decades, South Korea, which has almost no reserves of fossil f

October 31, 2022

Hyundai Motor's hexagonal-shaped future city concept inspired by honeycomb pattern

SEOUL -- A smart city reference model designed by South Korea's Hyundai auto group minimizes environmental damage by limiting development areas and preventing indiscriminate expansion. Inspired by a honeycomb pattern, the concept is a hexagonal-shaped urban development with a human-centered surface layer and a functional underground layer. The auto group unveiled a virtual public exhibition of the concept that envisions a sustainable green city where large natural areas are p

October 31, 2022