Business
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CJ Cheiljedang partners with US biotechnology company Emmyon to develop anti-muscle loss material
SEOUL -- Targeting old people at high risk of muscle loss, CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, will develop materials capable of preventing sarcopenia using ursolic acid, a chemical compound that is found in the peels of fruits, as well as in herbs and spices like rosemary and thyme and can serve as a starting material for the synthesis of more potent bioactive derivatives. There have been studies that ursolic acid is u
December 6, 2022 -
LS Mtron clinches three-year contract to supply 28,500 compact tractors through CNH Industrial
SEOUL -- LS Mtron, a heavy machinery and electronic component manufacturer affiliated with South Korea's LS Group, has clinched a three-year contract worth about 500 billion won ($386 million) to supply 28,500 multi-purpose compact tractors from 2023 through CNH Industrial, an Italian-American agricultural and construction equipment maker. LS Mtron said its product featuring user convenience, sustainable quality levels, and eco-friendly engines would be sold to hobby farmers, w
December 5, 2022 -
POSCO Chemical secures six-year deal to supply synthetic graphite anode materials to GM-LGES joint venture
SEOUL -- POSCO Chemical, a coal chemistry and carbon material company affiliated with South Korea's leading steel group POSCO, has secured a six-year deal worth 939.3 billion won ($727 million) to supply synthetic graphite anode materials to a battery joint venture between General Motors and LG Energy Solution. GM's joint venture with LG Energy Solution (LGES), a major battery maker in South Korea, would receive synthetic graphite anode materials from POSCO Chemical's p
December 5, 2022 -
KAERI's uranium silicide plate-type fuel to be tested at Polish research reactor
SEOUL -- South Korea's state nuclear research center will test-supply high-density, low-enriched uranium silicide plate-type fuel to a research reactor in Poland. Uranium silicide (U3Si2) is an accident-tolerant fuel due to its advantageous thermophysical properties, including high uranium density and high melting temperature. Plate-type nuclear fuel is a low-enriched fuel with a concentration of 20 percent. Under a memorandum of understanding with the National Centre for Nucle
December 5, 2022 -
Convenience store franchise GS25 partners with matchmaking agency to provide marriage advice service
SEOUL -- The operator of South Korea's convenience store franchise GS25, partnered with Gayeon, a popular domestic matchmaking consulting agency, to provide a marriage advisory service for consumers looking for lifetime partners. Convenience store customers can receive marriage-related advice by simply scanning a QR code of Gayeon's matchmaking service-related advertisement attached near GS25 convenience store's counter. Matchmaking service is used by some consumers w
December 5, 2022 -
Nexen Tire develops AI-based road surface detection and braking distance analysis technology
SEOUL -- Nexen Tire, a major tire maker in South Korea, has partnered with Hyundai Motor and a university research team to develop road surface detection technology using artificial intelligence and big data of noises on various types of roads. The technology will be used for autonomous vehicles to analyze the road surface and optimize its braking distance. The braking distance of a car is affected by the types of roads and the condition of car tires. Based on experience and intu
December 5, 2022 -
Taihan Cable seeks business opportunities with high-voltage direct current transmission cables
SEOUL -- Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, will actively seek business opportunities in Europe and the United States with high-voltage direct current transmission cables that convert alternating current into high-voltage DC and can send large amounts of current far away. Competition for technology development is fierce as HVDC cables are more advantageous for long-distance transmission and have less loss than conventional AC
December 5, 2022 -
LG Chem supplies new eco-friendly ABS product to U.S. toy maker Mattel
SEOUL -- LG Chem, the chemical unit of South Korea's LG Group, has supplied a new eco-friendly acrylonitrile butadiene styrene (ABS) product based on vegetable bio-materials to Mattel, a toy manufacturer in the United States. The company leads the global market of transparent ABS products with an annual capacity of about two million tons. ABS is a common thermoplastic polymer used in manufacturing household and consumer goods as well as medical and industrial products. It provid
December 5, 2022 -
Nine companies join force to build industrial pier with large ammonia storage tanks
SEOUL -- A new industrial pier equipped with large ammonia storage tanks and liquid cargo ship berthing facilities will be built on reclaimed land near an industrial park in Dangjin, about 80 kilometers (49.7 miles) southwest of Seoul. When completed in 2030, the pier will be able to handle two million tons of ammonia per year. In a ceremony on December 2 at the office of Kim Tae-heum, governor of South Chungcheong Province, nine companies agreed to invest about 450 billion won
December 2, 2022 -
Hanwha Aerospace secures deal to lead production of space rockets
SEOUL -- Hanwha Aerospace, an aircraft parts maker involved in the production of engines for South Korea's homegrown space rocket, secured a deal worth about 286 billion won ($212 million) to lead and supervise the production of three space rockets that will be launched for three years from 2023. The deal marked the beginning of South Korea's "Space Pioneer" program aimed at creating a self-sustaining industrial ecosystem and cultivating companies like Space X, a U.S.
December 2, 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