N. Korea admits failed launch of rocket carrying military spy satellite

SEOUL -- Pyongyang has admitted that the launch of the rocket carrying North Korea's first military spy satellite has failed and crashed into the Yellow Sea, North Korea's state-operated Korea Central News Agency reported. A projectile was fired by North Korea at 6:27 a.m. (2127 GMT) on May 31 and it flew southwards from Dongchang-ri some 110 kilometers (68 miles) northwest of Pyongyang over Baekryeong Island, a South Korean island located near the Northern Limit Line. Acco

May 31, 2023

LIG Nex1 to install illegal drone detector at South Korea's main domestic airport

SEOUL -- LIG Nex1, a defense contractor in South Korea, has secured an order worth two billion won ($1.5 million) to install a drone detector at Gimpo International Airport in western Seoul. The anti-drone project is designed to protect aircraft, facilities, and airport users by identifying the location and movement of illegal drones. Gimpo International Airport used to be the largest airport in South Korea until Incheon International Airport opened in March 2001. South Korea has

May 31, 2023

BTS' RM to become official ambassador for S. Korea's agency for retrieval of unreturned soldiers

SEOUL -- K-pop boy band BTS' leader RM will become an ambassador for the Agency for KIA Recovery & Identification under South Korea's defense ministry. The agency focuses on the excavation and retrieval of the remains of unreturned soldiers. The Ministry of Defense Agency for KIA Recovery & Identification is an agency that operates special units of teams that are deployed to the frontlines of the Korean War to find the remains of soldiers and send them back home to

May 31, 2023

​LG Chem starts construction of fourth carbon nanotube plant in western region

SEOUL -- LG Chem, the chemical unit of South Korea's LG Group, has started the construction of its fourth carbon nanotube plant to meet global demands for the promising material used in the production of electric vehicle batteries, aircraft hulls, semiconductors, and auto parts. The operation of the fourth plant would expand the company’s production capacity to 6,100 tons from the current 2,900 tons. Carbon nanotube (CNT) materials have about the same level of electricity

May 31, 2023

Unexpected North Korean missile attack alert wakes Seoul up

SEOUL -- Sounds of air raid sirens broke the silence of early morning in Seoul at about 6:30 a.m. (2130 GMT) on May 31. Without disclosing the source of the urgent notice, emergency text messages were sent out by the Seoul city government, telling citizens to get ready to evacuate. Naver, South Korea's most popular web search portal, was temporarily put out of service due to heavy internet traffic by people trying to figure out what was going on. However, despite the fuss, Seou

May 31, 2023

Hanwha Aerospace invests in American secondary battery technology startup

SEOUL -- In a bid to acquire the next-generation secondary battery technology for the company's eco-friendly future mobility businesses, Hanwha Aerospace, a global defense solution company, made an investment into Forge Nano, an American startup specializing in secondary battery material technologies. Large-capacity secondary batteries are the core factor in the electric-powered vehicle sector. Secondary batteries are also used in the renewable energy sector to store electricit

May 30, 2023

Amorepacific to beef up hair loss treatment business

SEOUL -- South Korea's top beauty product maker Amorepacific has hosted a conference to discuss women's hair loss with scalp experts from different countries including the United States and Japan. The South Korean company aims to roll out an anti-hair loss product based on its know-how in hair research. Government data showed that more than 240,000 South Koreans received medical services because of hair loss and female patients accounted for about 44.2 percent. According to

May 30, 2023

POSCO Group and SKC forge partnership to collaborate in future secondary battery businesses

SEOUL -- South Korea's steel-making conglomerate POSCO Group and SKC, the chemical material manufacturing wing of SK Group, have forged a partnership to collaborate in future businesses in the global secondary battery market predicted to reach $300 billion by 2030. Secondary batteries are basically rechargeable batteries that are used in people's everyday lives. Large-capacity secondary batteries are especially crucial in the electric vehicle sector where lithium-based

May 30, 2023

​S. Korea unveils roadmap to attract 700,000 foreign patients by 2027

SEOUL -- South Korea aims to attract 700,000 foreign patients by 2027 through various policies such as easing immigration procedures. Through a medical tourism project, the country will create clusters where visitors can enjoy hot springs and explore tourist spots after receiving health care services. Data released by South Korea's health ministry showed that about 248,000 foreign patients visited South Korea to receive medical treatments in 2022, up 70.1 percent from a year ag

May 30, 2023

N. Korea to launch first military spy satellite in June to monitor US military activities in real-time

SEOUL -- North Korea will launch its first military spy satellite in June to monitor military activities of the United States and its allies in real-time, Pyongyang's state-operated news agency reported on May 30. Through a statement released by the Korea Central News Agency (KCNA), Ri Pyong-chol, vice-chairman of the Central Military Commission of the Workers' Party, said that a military reconnaissance satellite would be launched in June to monitor military acts of the U.S

May 30, 2023