Blockchain technology support center to open in southern port city

SEOUL -- A blockchain technology support center will open in the southern port city of Busan to efficiently assist blockchain companies. The center will provide various services including consulting, legal and marketing-related advice, and educational programs. Companies can demonstrate various blockchain-based platforms inside the center size of about two football fields. Blockchain is basically a virtual ledger network system that is de facto unhackable. When a change is made to

December 7, 2022

SK Group chairman Chey secures legal approval to divorce wife

SEOUL -- Chey Tae-won, a business tycoon who controls South Korea's third-largest conglomerate SK Group, secured legal approval to divorce his wife, seven years after the 62-year-old revealed his extramarital love affair and the existence of a child out of wedlock. The ostensible reason for the breakdown of their 34-year-old relationship was differences in personality. A family court accepted their divorce on December 6, ruling that Chey should pay a symbolic amount of 100 mil

December 6, 2022

3D printing tech used to develop famous Buddha statue-themed haptic educational tool

SEOUL -- Using three-dimensional printing technology, South Korea's national heritage institute has developed a haptic braille book and an educational tool in the theme of a famous eighth-century Buddha statue. The man-made Seoukguram Grotto is Korea's iconic rock cave temple established in 774 in Gyeongju, the former capital of the ancient Silla kingdom (57 BCE – 935 CE), some 385 kilometers (177 miles) southeast of Seoul. The Buddha statue, regarded as one of the mo

December 1, 2022

Government approval for development of next-generation space launch vehicle

SEOUL -- The proposed development of a next-generation launch vehicle capable of thrusting bigger payloads for lunar or Mars exploration secured government approval after President Yoon Suk-yeol unveiled a space roadmap to land a spacecraft on the moon in 2032 and on Mars in 2045. The Ministry of Science and ICT said that the development of a two-stage projectile codenamed "KSLV-III" passed a preliminary feasibility study on November 29. The KSLV-III project would cost som

November 30, 2022

Seoul receives state approval to build tram network by 2025

SEOUL -- A tram line that connects a planned new town area in southeastern Seoul to a satellite city of Seongnam will be built to reduce traffic congestion and popularize urban trams that disappeared in 1968. Wirye, a new town area with a population of some 100,000, was established to solve the capital city's overpopulation problems. Trams powered by batteries will run on a track near parks and other greenbelt zones in the area. After the first tram line started its operation i

November 29, 2022