Voltline adopts 3D spatial information platform 'Around' to develop flying passenger vehicle simulator

SEOUL -- South Korea's urban air mobility aircraft maker Voltline has adopted "Around," a three-dimensional spatial information platform created by Techtree Innovation, a domestic company specializing in geospatial visualization technology. Using Techtree's ultra-precision map platform, Voltline will develop a simulator to test the functions of flying passenger vehicles in virtual space. Urban air mobility (UAM) is a future ecosystem involving flying passenger ve

January 19, 2024

Winter Youth Olympics to be held in S. Korea's eastern province

SEOUL -- The Winter Youth Olympic Games is set to take place in South Korea's eastern province of Gangwon, well known for its mountainous and forested landscapes, on January 19, 2024. South Korea is the first Asian country to host the multi-sport event, drawing 1,803 athletes from 79 nations. The Winter Youth Olympic Games (WYOG), organized by the International Olympic Committee (IOC) encompasses a range of winter sports such as alpine skiing, curling, and biathlon. Previously

January 19, 2024

LG Innotek invests in Taiwanese lens producer to beef up autonomous vehicle business

SEOUL -- LG Innotek, the electronic component unit of South Korea's LG Group, will work with AOE Optronics, an automotive lens manufacturer based in Taiwan, to upgrade optical component solutions for autonomous vehicle cameras. The Taiwanese company will share its know-how in precision lens manufacturing technologies and provide lenses used for camera modules. Camera modules are essential for the collection of front traffic information and driving assistance. Demands for camer

January 19, 2024

Singer-actress IU to go on world tour in 18 cities

SEOUL -- Singer-actress Lee Ji-eun, known by her stage name IU, will go on her first world tour in about five years since she went on a tour in Asian countries in 2019. The 30-year-old will interact with global fans in 18 cities including Los Angeles, Berlin, Jakarta, and Seoul. IU, who debuted in 2008 at the age of 15, is one of the most popular solo female artists in South Korea's entertainment scene. Not only IU is famous for her talent as a musician, but she is also wel

January 18, 2024

Türkiye to send first astronaut on maiden space mission

SEOUL -- Türkiye will send its first astronaut on the country's maiden space mission. The Turkish Space Agency announced that the spacecraft will launch from a facility in Florida, United States, to dock with the International Space Station orbiting the Earth. The space mission by Türkiye was initiated in 2021 after President Recep Tayyip Erdogan announced the national program. The Turkish Space Agency (TUA) selected the first Turkish astronaut from candidates based

January 18, 2024

Poland becomes S. Korea's fifth-largest trade surplus country thanks to military equipment exports

SEOUL -- Poland has now emerged as South Korea's fifth-largest trade surplus country, contributing approximately $9 billion, primarily fueled by exports of military equipment such as FA-50 light fighter jets and K-9 self-propelled howitzers, as reported by the Korea International Trade Association. Owing to the ongoing conflict between Russia and Ukraine, Poland has played a crucial role in supplying military equipment to Kyiv, aiding its neighbor in repelling the Russian inva

January 18, 2024

S. Korea's web cartoon industry scores highest operating profit in 2022: report

SEOUL -- South Korea's web cartoon industry achieved a record high of 1.8 trillion won ($1.3 billion) in 2022, data released by the country's culture ministry showed. The ministry plans to nurture webcomic as South Korea's leading content industry to attract more global fans. Web cartoons, also known as webtoons or webcomics, are digital comic books created to fit into web or mobile platforms. South Korea is the birthplace of webtoons. Popular webtoons are recreated in

January 18, 2024

S. Korea's 'milkflation' continues to increase, causing price hikes in dairy products

SEOUL -- South Korea's prolonged "milkflation," the continuous increase in the price of raw milk produced at dairy farms, has reached its steepest climb ever, recording the highest milk price since 2008. The average price for raw milk was 1,253 won ($0.93) per liter in December 2023, up by 7.83 compared to the average price of 1,162 won in January 2023. The price of raw milk is an important factor that affects consumer prices, especially in the food sector, as milk i

January 18, 2024

Samsung Electronics showcases real-time AI interpretation service for Galaxy S24 series

SEOUL -- Samsung Electronics has showcased a real-time interpretation service, based on generative artificial intelligence technique, for users of Galaxy S24, Samsung's latest phone scheduled for release on January 31, 2024. Galaxy S24's instant interpretation feature will help users communicate with other people regardless of their language barrier. The technology giant's upcoming Galaxy S24 series offers functions based on generative AI, a type of AI that can produ

January 18, 2024

Samsung Electronics records semiconductor revenue of $39.9 bln in 2023, down 37.5% percent year-on-year: market data

SEOUL -- Due to the sluggish global semiconductor market, Samsung Electronics faced a significant revenue decline in 2023. Data released by market research firm Gartner showed that the technology giant's global semiconductor revenue was $39.9 billion in 2023, down 37.5 percent from a year ago. The global market research firm reported on January 16 that worldwide semiconductor revenue dropped 11.1 percent year-on-year to $533 billion last year. Samsung secured the second posit

January 17, 2024