Avikus to provide autonomous boat solution 'NeuBoat' for recreational boat owners in US

SEOUL -- Avikus, an autonomous shipbuilder affiliated with South Korea's HD Hyundai, will demonstrate its autonomous boat solution called "NeuBoat" in the United States. The company will begin a beta-test for its autonomous boat solution involving participants selected from visitors of an annual global boat show held in Miami. According to data released by market research firm Mordor Intelligence, the global recreational boating market which stood at $27.3 billion in

February 20, 2023

S. Korea's first two-seater fighter jet KF-21 succeeds 34-minute maiden flight

SEOUL -- The fourth prototype of South Korea's homemade fighter jet KF-21 successfully conducted its flight about seven months after the first prototype made its 33-minute maiden flight in July 2022. The first two-seater fighter jet will be used for various missions such as testing the performance of a computer-controlled array antenna system that determines the survival of fighter jets in a combat situation. According to the Defense Acquisition Program Administration (DAPA),

February 20, 2023

LG Electronics receives vehicle cybersecurity certificate from UNECE

SEOUL -- LG Electronics is seeking to strengthen its global competitiveness in the global automobile market by receiving Cybersecurity Management System (CSMS) certification. The certification allows the electronics giant to provide various components including infotainment systems mainly in Europe. The South Korean electronics maker said in a statement on February 20 that it has received a vehicle CSMS certification from the international certification testing organization, TUV

February 20, 2023

​Manufacturing confidence improves for March, raising hope for economic rebound

SEOUL -- South Korea's manufacturing confidence for March improved for the fourth straight month, raising hope for a rebound in both exports and domestic demand, a survey by the Korea Institute for Industrial Economics & Trade (KIET) said February 20. The KIET-devised professional survey index (PSI) for the manufacturing sector's business conditions stood at 101 for next month, up from 90 for February. The index showed an upward movement for the fourth straight month.

February 20, 2023

​Ticketing agencies Interpark and Triple to adopt luggage tracking service for first time

SEOUL -- Interpark, a popular online ticketing agency operated by South Korea's online leisure and accommodation service company Yanolja, and its brother company Triple will adopt a real-time airport luggage tracking service for the first time as a travel and leisure ticket seller in the country. According to Incheon International Airport, South Korea's main gateway, an annual average of 62.6 million luggage is processed at the airport and about two out of every one million

February 20, 2023

Art college in Seoul to be recreated in metaverse to provide virtual training courses

SEOUL -- A Seoul-based private college specializing in music, culinary arts, and makeup arts will be recreated into a metaverse world targeting young students familiar with virtual online activities. The virtual campus created through collaboration with South Korea's major telecom company KT and Dot-mill, a domestic immersive content producer, will enable students to take classes and participate in various online college events. Metaverse, which allows users to engage in social

February 20, 2023

[OPINION] Economic security: new mantra in Japan

KARACHI -- In the last few months, particularly after the release of Japan’s new National Security Strategy (NSS) document in December last year, the phrase “economic security” has acquired inor

February 20, 2023

[Weekly Stock Market] Investors to focus on BOK's interest rate decision

SEOUL -- The benchmark Korea Stock Price Index (KOSPI) ended last week slightly lower closing at 2,451.21 points (-0.75 percent) pressured by higher-than-expected U.S. inflation and consumer data which all increased the likelihood

February 19, 2023

[COLUMN] The National Assembly, the birth rate and the way out of hell

SEOUL -- The National Assembly last week passed a motion to impeach Lee Sang-min, the Minister of Interior and Safety, over the Itaewon tragedy. It’s now up to the Constitutional Court whether to approve or reject it. Reading this news, I found myself thinking about Korea’s falling birth rate. I know this makes little sense but let me try to explain the c

February 17, 2023

Indonesia to collaborate with K-pop industry to create global phenomenon 'Indonesian Wave'

SEOUL -- Indonesia is seeking to step up collaboration with South Korean partners to create an Indonesian entertainment ecosystem equal to the Korean Wave, Indonesian Ambassador to South Korea Gandi Sulistiyanto said during an annual media briefing at his official residence in Seoul on February 17. He said that his country aims to create an Indonesia Wave (I-Wave) by cooperating with South Korea in various entertainment sectors such as fashion, music, games and animation. "

February 17, 2023