Hyundai Mobis partners with Israel's Autotalks to develop 5G-based vehicle-to-everything technology

SEOUL -- Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, has partnered with Autotalks, an Israel-based semiconductor company, to develop 5G-based vehicle-to-everything technology. Through the technology that enables vehicles to share various huge amounts of data with surrounding infrastructure in real-time, Hyundai Mobis aims to gain a competitive edge in the self-driving car market. Vehicle to Everything (V2X) allows autonomous cars to communicate with ot

August 28, 2023

Coastal city Seosan to commercialize drone delivery for island residents

SEOUL -- Seosan, a South Korean coastal city with many small islands, will commercialize drone delivery for residents living on its islands. The city in the western region showcased a drone carrying dried seafood at a demonstration event attended by experts from a state aviation safety technology institute and companies specializing in drone technology. Seosan said in a statement on August 24 that its "hybrid multicopter" run by hydrogen power and batteries was tested in

August 25, 2023

Shilla Hotel's business hotel wing allows guests to eat delivered food

SEOUL -- Shilla Stay, the business hotel wing of South Korea's Shilla Hotels & Resorts, launched an in-house food delivery service for guests. When food deliverymen arrive at the lobby of Shilla Stay hotels, hotel workers will pick up food packages and deliver them to guests' rooms. While South Korean motels and inns do not restrict guests from using food delivery services, almost every business hotels and high-class hotels ban deliverymen from moving through the lobby in

August 25, 2023

Convenience store chain Emart24 to open first store in Cambodia in first half of 2024

SEOUL -- Emart24, the convenience store chain of South Korea's retail giant Shinsegae, plans to open its first store in Cambodia in the first half of 2024. The company, which already runs stores in Singapore and Malaysia, will work with Hanlim Architecture Group, a Seoul-based real estate service provider, to make a foray into the Southeast Asian country's convenience store market. According to data cited by Emart24, Cambodia recorded an annual economic growth rate of about

August 25, 2023

BOK maintains S. Korea's GDP growth forecast for 2023 at 1.4%

SEOUL -- South Korea's central bank announced on August 25 that it has revised the economic outlook for 2023 and maintained the growth forecast for the country's gross domestic product for 2023 at 1.4 percent. The figure is the same as the economic forecast announced in May 2023. However, it has slightly revised down its forecast for next year to 2.2 percent due to concerns about the economic slowdown in China, South Korea's largest trading partner, suggesting that South Ko

August 25, 2023

India's national security advisor visits Seoul for strategic cooperation

SEOUL -- Without disclosing details, the Indian Embassy in South Korea said India's national security advisor visited Seoul for strategic cooperation in various areas, including defense, technology, and economic security. This was the first dialogue between the two nations after South Korean President Yoon Suk-yeol took office in 2022. The strategic dialogue was regularly held after the two countries' summit in 2014. The fourth event took place on August 23 about two year

August 24, 2023

​Online sales of megastore franchise increased during summer thanks to heat waves and torrential rain

SEOUL -- Online megastore sales of products that arrive at customers' doorsteps through one-day and instant delivery services have increased during summer thanks to a series of heat waves and the long rainy season that poured down rain about 200 percent more than the annual average of rainfall in South Korea. South Korea defines hot summer weather that reaches a temperature of more than 33 degrees Celsius (91.4 degrees Fahrenheit) as a heat wave. The year 2023 is the third-hott

August 24, 2023

Medical AI company Lunit unveils plan to become medical big data platform operator

SEOUL -- South Korea's medical artificial intelligence company Lunit revealed its plan to make a foray into the AI-based medical big data platform market. The company, specializing in chest and breast cancer analysis, will integrate and manage various health data from medical facilities across the world to improve the diagnosis accuracy of all kinds of cancer and the prediction of treatment outcomes. The South Korean AI solution developer is known for Lunit INSIGHT MMG, a solut

August 24, 2023

HD KSOE delivers world's first LNG-propelled bulk carrier with built-in AI engineer

SEOUL -- HD Korea Shipbuilding & Offshore Engineering, the holding company of Hyundai shipbuilding group, has built and delivered the world's first liquefied natural gas-propelled bulk carrier installed with an artificial intelligence engineer. The robot engineer will autonomously monitor for parts malfunctions and emergency situations such as fire. AI engineers or AI-based monitoring solutions collect data such as sounds machines make and the amount of heat and steam that ra

August 24, 2023

Busking festival to be held on Seoul's artificial island in late August

SEOUL -- Seoul City will hold a three-day busking festival on Nodeul Island, an artificial island known as a cultural space. A total of 50 artist teams will perform various music genres such as jazz, acoustic music, and traditional Korean music on the island on the Han River that flows through Seoul. Nodeul Island is under the Han River Bridge that connects the central district of Yongsan and the southern district of Dongjak. The artificial island has various cultural facilities su

August 24, 2023