Business
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LG Electronics 'monster' NFT digital virtual shoes to be showcased at CES 2023
SEOUL -- At the Consumer Electronics Show (CES), a global tech event to be held in January in Las Vegas, LG Electronics will unveil "monster" digital virtual shoes made with non-fungible token (NFT) technology, along with a shoe care and storage exhibition where luxury sneakers and limited editions can be stored with optimal humidity and temperature. Customers can collect 5,500 unique designs of NFT shoes while managing and appreciating actual and NFT shoes together throug
December 21, 2022 -
State certification for colostrum-based cosmetics material developed by Shinsegae International and Farmskin
SEOUL -- A new technology developed by the fashion unit of South Korea's retail group Shinsegae and its domestic partner, Farmskin, to produce a raw material for whitening cosmetics with milk cow colostrum hydrolysate has secured state certification for commercial production. It will be applied to high-functional skin care lines for commercial production in 2023. The technology is the result of a two-year joint study by Shinsegae International (SI) and Farm Skin (Farmskin) whic
December 21, 2022 -
LG Chem makes investment in battery recycling company targeting N. American market
SEOUL -- LG Chem, a chemical unit of LG Group, would secure its foothold in the North American lithium-ion battery recycling market that stood at $77.8 million in 2021 through a strategic investment in Jae Young Tech, a domestic battery recycling company. A joint venture will be established by the end of 2023. Because the lifespan of batteries that are used in electric vehicles (EVs) is about 10 years, an enormous amount of battery waste can be produced. According to data release
December 21, 2022 -
SK E&S wins state approval to use LNG cold energy for blue hydrogen plant
SEOUL -- SK E&S, an energy company affiliated with SK Group, joined hands with a domestic public electricity supplier to build a plant that can produce and liquefy some 250,000 tons of blue hydrogen per year by using the so-called "cold energy" that was used to cool and compress natural gas into liquid form for storage and transportation. SK E&S and Korea Midland Power (KOMIPO) would invest about five trillion won ($3.9 billion) to build the world's largest bl
December 20, 2022 -
ToolGen partners with gene therapy company to develop special treatment for progeria
SEOUL -- ToolGen, a South Korean company which develops genome editing technology, partnered with ANL Bio, a domestic bio company specializing in gene therapy, to develop treatments for progeria, an extremely rare genetic disorder that causes rapid aging among young children. ToolGen's genetic scissors used to cut out specific genetic information in cells, will be combined with ANL's adeno-associated virus, a non-enveloped virus that can be engineered to deliver drugs to target
December 20, 2022 -
Researchers discover new ways to commercialize batteries with manganese spinel cathode
SEOUL -- A surge in the price of nickel and other metals used for lithium-ion electric vehicle batteries prompted researchers to utilize inexpensive manganese (Mn) without performance degradation. The of Mn-rich chemistry has attracted attention as a promising option to realize cathode materials with high economic sustainability, price competitiveness, and reasonable energy density. The state-run Korea Institute of Science and Technology (KIST) said that its energy materials resea
December 20, 2022 -
Samsung shipyard's boil-off gas recovery technology verified by classification society
SEOUL -- A new boil-off gas recovery system developed by Samsung Heavy Industries, a major shipbuilder in South Korea, for ships powered by liquefied natural gas has secured approval from a U.S.-based international classification society. It adopted a heat exchange technology that can reduce fuel consumption and carbon dioxide emissions. Liquefied natural gas (LNG) is typically stored and transported in tanks as a cryogenic liquid at temperatures of -163 degrees Celsius to increase
December 20, 2022 -
LG Chem works with power generation company to establish biomass power plant
SEOUL -- LG Chem, a chemical unit of LG Group, teamed up with GS EPS, a private power generation company in South Korea, to build and operate a biomass power plant that produces industrial steam and electricity using wood waste from households and industrial sites as raw materials. Commercial operation is to begin in the first half of 2026. Biomass is a plant-based material used as fuel to produce heat or electricity. Examples are wood and wood residues, agricultural residues, and
December 20, 2022 -
KT to develop and demonstrate personal mobility vehicles in Jeju
SEOUL -- South Korea's biggest telecom service operator KT will collaborate with an electric scooter-sharing service operator and a semiconductor component maker to develop and demonstrate smart personal mobility vehicles in Jeju. The smart vehicles will decelerate or stop electric scooters if an obstacle or a moving pedestrian is nearby. Personal mobility-sharing services have become popular in Seoul and other South Korean cities during the last five years. For a small fee, us
December 19, 2022 -
SK Group unit to upcycle rare gases through joint venture with American partner Arencibia
SEOUL -- SK materials airplus, an industrial gas company affiliated with South Korea's SK Group, will create a joint venture with Arencibia, a U.S. industrial gas supplier, to produce rare gases such as argon, helium and neon, which are essential for the production of semiconductors and displays, by recycling industrial exhaust gas. South Korea is heavily dependent on imported rare gases that can be mass-produced only in the United States and several other countries. The product
December 19, 2022
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Top security officials of South Korea, US, Japan discuss NK troop deployment to Russia
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Veteran actress Kim Soo-mi dies at 75
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VISUALS: Extreme sports festival kicks off at Gwanghwamun
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South Korea, U.S. defense chiefs to hold talks in Washington
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North Korean troops in Russia are Moscow's 'business,' Putin says
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LG Electronics heat pump to win innovation award at US expo
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PHOTOS: Korea observes Dokdo Day
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Hyundai Mobis posts 31.6% jump in Q3 operating profit
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Old movies make comeback to theaters with nostalgic appeal
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Cyclonic storm makes landfall on eastern Indian coast