Business
-
Hanwha Group succeeds in demonstration of hydrogen-gas hybrid co-firing turbine
SEOUL -- South Korea's Hanwha Group has succeeded in the demonstration of a large-scale hydrogen-gas hybrid co-firing turbine for thermal power generation. The company said that it achieved the world's top-class co-firing rate of 59.5 percent. Hybrid co-firing gas turbines are being researched across the world in an effort to reduce the dependency on fossil fuels and emission of greenhouse gases including carbon dioxide from thermal power plants. Hydrogen, which is regarded
June 28, 2023 -
S. Korea cooperates with Microsoft to incubate young AI specialists
SEOUL -- South Korea's employment ministry is funding the South Korean office of Microsoft and the Korea Chamber of Commerce and Industry to expand an incubation program designed to nurture young artificial intelligence specialists. Microsoft previously operated a pilot program in the southern city of Daegu in 2022 to incubate 47 students. For the past years, Microsoft has been collaborating with South Korea's administrative bodies, provincial governments, and private compa
June 27, 2023 -
SK bioscience partners with Australian research institute to cooperate in influenza research
SEOUL -- SK bioscience, the developer of South Korea's first homemade COVID-19 vaccine, has partnered with an Australian research institute specializing in infection and immunization to carry out research projects in influenza biology, vaccines, and antivirals. The South Korean company aims to earn a competitive edge in the global influenza market through cooperation with the research group called the Peter Doherty Institute is affiliated with the University of Melbourne. Data
June 27, 2023 -
Food ministry urges companies to lower price of wheat flour to tackle high inflation
SEOUL -- To tackle high inflation, the South Korean government urged major food companies to lower the price of wheat flour, the basic ingredient in many food menus. The flour companies said that they would review the possibility of price reduction in flour and other flour-based products. South Korea imports about 99 percent of wheat mainly from Australia (1.18 million tons), the United States (1.14 tons), and Canada (246,190 tons). About $1.2 billion worth of wheat was imported in
June 27, 2023 -
LG Innotek reveals $994 mln investment plan to expand camera module factory in Viet Nam
SEOUL -- LG Innotek, the electric component unit of South Korea's LG Group, will inject 1.3 trillion won ($994 million) to expand its manufacturing plant for camera modules in Hai Phong, an industrial port city in northeastern Viet Nam. The Viet Nam-based facility with about 3,500 employees mainly produces camera modules for smartphones. LG Innotek said in a statement that the investment would be made by its Vietnamese branch from July 2023 to December 2025. The company aims
June 26, 2023 -
LG Chem starts mass production of single-crystal cathodes for first time
SEOUL -- South Korean battery maker LG Chem has started the mass production of single-crystal cathodes for high-performance batteries for the first time. The electrode made with high-nickel material can increase the lifespan of batteries by up to 30 percent, according to the battery maker. Normally, electrodes used in batteries consist of multiple crystal structures of metallic materials. When a battery undergoes the charge and discharge process repeatedly, cracks inside the crysta
June 26, 2023 -
Hyundai garners more than 10 mln global connected car service subscribers in less than 2 yrs
SEOUL -- Hyundai auto group said that its affiliated brands -- Hyundai Motor and Kia -- have garnered more than 10 million global subscribers to its connected car services, about 12 years after the carmaker globally introduced the wirelessly connected car management program. Hyundai and Kia cars offer connected services to help customers manage various features of their cars remotely. Drivers can use a smartphone app to remotely control the charging rate of their electric vehicles,
June 26, 2023 -
State-run trade promotion agency holds K-industry showcase event in Viet Nam
SEOUL -- To draw the attention of Viet Nam's business industry during South Korean President Yun Suk-yeol's state visit to Hanoi, KOTRA, a state-run trade promotion agency, held a showcase event to introduce various K-industry products including components, infrastructure, technologies, and agricultural products. Some 100 South Korean companies participated and engaged in a daily average of 540 consulting sessions with Vietnamese buyers. South Korea and Viet Nam are each ot
June 23, 2023 -
Hyundai auto group launches car-sharing service at Japan's cultural hub 'T-Site'
SEOUL -- South Korea's Hyundai auto group has launched a car-sharing service at T-Site, a cultural complex in Daikanyama, a trendy district of Tokyo with a high-end bookstore, fancy eateries, and coffee shops. The carmaker will work with Culture Convenience Club, a Japanese content developer that operates T-Site, to capture the heart of Japanese consumers through various types of businesses using its green vehicles. It's been difficult for foreign carmakers to expand thei
June 23, 2023 -
Operator of mobility service for socially disadvantaged urges government to lift regulations
SEOUL -- Papa Mobility, a ride-hailing service operator in South Korea, is targeting the country's socially disadvantaged people to provide differentiated services including the door-to-door escort service in a bid to survive in South Korea's mobility service sector mainly dominated by traditional taxi companies and individual taxi operators. South Korea with some 250,000 reg
June 22, 2023
-
Veteran actress Kim Soo-mi dies at 75
-
VISUALS: Extreme sports festival kicks off at Gwanghwamun
-
South Korea, U.S. defense chiefs to hold talks in Washington
-
North Korean troops in Russia are Moscow's 'business,' Putin says
-
LG Electronics heat pump to win innovation award at US expo
-
PHOTOS: Korea observes Dokdo Day
-
Hyundai Mobis posts 31.6% jump in Q3 operating profit
-
Old movies make comeback to theaters with nostalgic appeal
-
Cyclonic storm makes landfall on eastern Indian coast
-
TikTok hosts creator summit in Saudi Arabia