Business
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SKC's polyurethane insulation material passes state flame-retardant standard test for first time
SEOUL -- A flame-retardant polyurethane insulation material produced by SK pucore, the polymer material-making wing of SKC, has secured approval from a state validation and verification body. It was the first time that a polyurethane material-based insulation product has passed a state flame-retardant suitability test in the insulation industry. Polyurethane is basically a plastic material that is highly flammable. Many buildings use exterior finishing materials which are flammab
December 19, 2022 -
CHA biotech to make foray into S. Korea's pet healthcare industry with new division
SEOUL -- CMG Pharmaceutical, the pharmaceutical wing of CHA biotech, which is a biopharmaceutical company with South Korea's largest pipeline of stem cell therapies, will make a foray into the country's rapidly-growing pet healthcare industry by establishing a new division dedicated to pet medicines. South Korea's pet industry valued at 1.9 trillion won ($1.4 billion) in 2015 is rapidly growing to reach six trillion won in 2027, thanks to an increase in the number of
December 19, 2022 -
KT partners with robot developer Neubility to commercialize outdoor autonomous robots
SEOUL -- South Korea's top telecom company KT partnered with Neubility, a domestic autonomous robot startup, to commercialize outdoor autonomous robots capable of providing various services in any outdoor spaces such as parks and resorts. KT's 5G infrastructure will be combined with Neubility's self-driving robot technologies. Neubility's autonomous robot called "Neubie" can carry out delivery missions in complex urban areas by avoiding obstacles. The robo
December 16, 2022 -
Hyundai releases upgraded version of luxury EV GV60 with facial recognition feature for all trims
SEOUL -- Hyundai has released an upgraded version of GV60, a compact sport utility electric vehicle of the South Korean carmaker's luxury brand Genesis, featuring facial recognition, vehicle-to-load, and over-the-air update features to all trims. GV60 was first released in 2019. The first Genesis full-electric SUV was developed using Hyundai's E-GMP platform, a versatile EV platform that plays the role of a base framework for Hyundai and Kia EVs. The rear-wheel-drive mode
December 16, 2022 -
Incheon International Airport signs agreement with Atlas Air Worldwide Holdings to build maintenance facility
SEOUL -- Incheon International Airport, South Korea's main gateway, has signed a formal agreement with American cargo airliner Atlas Air Worldwide Holdings, to build a maintenance, repair, and overhaul facility at the airport. The repair bay will take care of Atlas' planes in the Asia-Pacific region. Atlas Air Worldwide Holdings (AAWW) is one of the largest air cargo companies that owns Atlas Air, Polar Air Cargo and a joint venture Titan Aircraft Investments. Atlas Air and
December 15, 2022 -
Online mall Wemakeprice's transaction amount soars 23 percent thanks to live commerce content via YouTube
SEOUL -- South Korean online shopping service operator Wemakeprice saw its transaction amount soar 23 percent over the period of 66 days after the company rolled out live commerce shows, the online version of TV home shopping shows, through YouTube. The company's online shopping show involved popular online celebrities in various events such as Meokbang, an online eating performance show format, to interact and encourage viewers to buy promoted products. Wemakeprice said 14 li
December 15, 2022 -
LG's information technology wing adopts blockchain-based staff identification cards
SEOUL -- LG CNS, the information technology wing of South Korea's LG Group, has adopted blockchain-based staff identification cards that allow employees to enter all rooms in their workplace and use amenities without bringing plastic cards to identify themselves. Users don't need to worry about leaks of their personal information as the solution prevents such risks using decentralized identification (DID) technology. Unlike regular identification methods that store and mana
December 13, 2022 -
Shinsegae's convenience store chain partners with meal kit maker targeting busy consumers
SEOUL -- Emart24, the convenience store chain operated by South Korea's retail giant Shinsegae, has partnered with Super Kitchen, a ready-to-eat meal kit maker, targeting consumers who cannot spare time to shop and cook meals at home. Following the first wave of a coronavirus pandemic in early 2020, South Korea's food market saw a big change in consumers' shopping habits. According to the agriculture ministry, 2.4 percent of consumers bought processed food through onlin
December 13, 2022 -
S. Korea's largest 1.5 gigawatt-class solar power complex to be built in southeastern city
SEOUL -- The southern industrial city of Daegu some 240 kilometers (149 miles) southeast of Seoul will transform its outdated factory areas into a renewable energy power plant complex by replacing old slate factory roof materials with solar panels while using idle spaces for solar energy generation facilities. The solar power plant infrastructure would be the size of some 120 football fields. Daegu played the role of the heart of South Korea's fabric industry with its huge compl
December 13, 2022 -
Hyundai to supply fuel cell systems to European eco-friendly truck maker
SEOUL -- HTWO, a fuel cell system wing of the Hyundai auto group, forged a partnership with ENGINIUS, a commercial eco-friendly truck-making wing of Germany's FAUN Group, to provide fuel cell systems. This is the first time the South Korean carmaker to sign a fuel cell system supply deal with a commercial carmaker. Hyundai's hydrogen fuel cell system brand HTWO was first introduced in December 2020 to develop fuel cell systems for cars, trains, and ships. Targeting China
December 12, 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