Business
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LS Cable wins $306.2 mln HVDC cable contract for Vanguard Offshore Wind Farm in Britain
SEOUL -- LS Cable & System, a major cable maker in South Korea, has won a 400-billion-won ($306.2 million) contract for high-voltage direct transmission (HVDC) cables from Sweden's state power company Vattenfall. The special cable will be used for the delivery of electricity for an offshore wind farm that will be built some 47 kilometers (29 miles) east of Britain's eastern Norfolk coast. HVDC converts alternating current into high-voltage DC and can send large amounts
December 12, 2022 -
Hyundai Shipyard wins $69.8mln LPG tanker order from Oceania country
SEOUL -- South Korea's Hyundai shipbuilding group grabbed an order worth $69.8 million to build a liquefied petroleum gas tanker ship, a typical type of ship that carries liquefied gas across oceans. The company also revealed during a conference call that the number of contracts won this year has exceeded its initial goal that was set earlier this year. Korea Shipbuilding & Offshore Engineering (KSOE) said during a conference call on December 12 that the company received a
December 12, 2022 -
Atomy Chairman Park Han-gill receives consumer-friendly award from fair trade watchdog
SEOUL -- The chaiman of South Korea's direct selling company Atomy has received an award from the country's state fair trade watchdog for rolling out consumer-friendly business management plans. The company was certified as a consumer-centered management company by the state consumer agency for the first time as a direct selling company in 2019. Founded in 2009 by chairman Park Han-gill, Atomy is a global direct distributor that recorded more than 2 trillion won in sales in
December 9, 2022 -
KT deploys AI concierge system to hotel in central Seoul
SEOUL -- In an effort to popularize the company's artificial intelligence-based hotel concierge system, South Korea's largest telecom operator KT has deployed an AI concierge to a hotel in central Seoul. The AI-based system will help hotel operators save manpower costs and effectively manage customer inquiries. After commercializing a 5G-connected autonomous hotel concierge robot called "N bot" at a hotel near central Seoul in December 2019, KT has accelerated the
December 8, 2022 -
Hyundai shipyard works on offshore floating facility to store and vaporize liquefied ammonia
SEOUL -- South Korea's Hyundai shipbuilding group will develop a ship-type floating facility that can store and vaporize liquefied ammonia offshore for transfer to onshore pipelines. Ammonia is seen as a next-generation fuel that emits no carbon oxide during combustion, but floating storage and regasification facilities for ammonia at sea have not yet been constructed globally. In a joint project with Korea National Oil Corporation (KNOC) and Lloyd's Register, a Lon
December 7, 2022 -
State body certifies Ace One's method to increase hydrogen content in synthetic gas
SEOUL -- Ace One tech, a material inspection, measurement and analysis equipment manufacturer in South Korea, has worked out an eco-friendly method to increase the content of hydrogen in synthetic gas produced by the high-temperature pyrolysis of plastic waste. Synthetic gas, or syngas, is a mixture of hydrogen and carbon monoxide. Korea Testing Laboratory (KTL), a state-run certification body, certified that syngas produced by Ace One through the high-temperature gasification of pl
December 7, 2022 -
KT provides first cloud-based virtual desktop service for central bank
SEOUL -- South Korea's central bank became the first public financial body to adopt a cloud-based virtual desktop service provided by KT. The service provides a higher level of security than ordinary operating systems and allows bank officials to access their worksites anywhere, anytime. By law, South Korean financial organizations should use built-in virtual desktop infrastructure (VDI) operated through a centralized network controlled by an on-premise main server. The built-i
December 7, 2022 -
LG Innotek unveils plastic-glass hybrid lenses for autonomous driving camera modules
SEOUL -- LG Innotek, the electrical component wing of South Korea's LG Group, unveiled two types of high-performance hybrid lenses for autonomous driving that reduced size and increased price competitiveness by cross-applying thin plastic and glass to improve performance. The company anticipates a great impact on cameral module markets. LG Innotek said that hybrid lenses for a driver monitoring system (DMS) and an advanced driver assistance system (ADAS) are 20 to 30 percent thi
December 7, 2022 -
S. Korea to invest $140mln to accelerate development for affordable carbon composite materials
SEOUL -- In a bid to nurture technological capabilities in manufacturing carbon-based materials and products at affordable prices, South Korea will invest 185 billion won ($140 million) by 2030 to accelerate the technological development of carbon composite materials. A carbon composite is basically carbon and carbon fibers mixed with various polymers to be made into hard blocks and other shapes. The carbon-based material has more than 10 times higher strength compared to steel of
December 6, 2022 -
Air Liquide-Lotte joint venture aims to complete high pressure hydrogen filling center in 2024
SEOUL -- Through their newly established joint venture, Air Liquide, a French supplier of industrial gases and services, and Lotte Chemical, a major chemical company based in South Korea, will build a high-pressure hydrogen filling center capable of handling about 5,500 tons per year. It would have South Korea's largest production capacity, enough to fuel 4,200 passenger vehicles or 600 commercial buses for a day. The filling center to be built on a site within Lotte Chemical
December 6, 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