HD Hyundai Energy Solutions wins solar power module contract in Central African market

SEOUL -- For the first time, HD Hyundai Energy Solutions, the solar power wing of South Korea's Hyundai shipbuilding group, has won a solar power module supply contract in the Central African market. The company will provide 500-watt high-performance solar power modules to Portuguese infrastructure builder MCA for the construction of local power plants. According to the International Energy Agency, Africa has the world's largest solar energy resources of up to 60 percent bu

May 22, 2023

​Busan to establish digital twin-based urban management infrastructure

SEOUL -- South Korea's southern port city will establish a digital twin technology-based urban management infrastructure to test disaster situations such as flooding and make preparations for such real-life disasters. A digital twin platform created by a state-run land information company will be used to build the virtual replica of the port city. A digital twin is a virtual clone of an object or an infrastructure. Digital twins are frequently used as testing grounds for new te

May 22, 2023

CJ Cheiljedang beefs up food business in U.S. by establishing world's biggest frozen pizza factory

SEOUL -- CJ Cheiljedang, South Korea's major food company under CJ Group, has beefed up its food business in the United States by building the world's largest frozen pizza manufacturing facility. The food company targets the North, Central, and South American markets with frozen Pizza, frozen dumplings, and other Korean menus. In a bid to attract customers in the American market, CJ Cheiljedang acquired Schwan's Company, a frozen food manufacturer headquartered in Minne

May 22, 2023

Seoul launches same-day airport luggage delivery service from subway stations

SEOUL -- Seoul has launched a same-day luggage delivery service that connects international airports nearby Seoul and four selected subway stations. Using the service called "T-Luggage," travelers can send their luggage to airports from subway stations or vice versa. The storage and delivery service that connects four subway stations with South Korea's two major airports -- Gimpo International Airport and Incheon International Airport -- was launched on May 22, Seoul

May 22, 2023

​S. Korean power supplier to establish 500 megawatt-class solar power generation facility in Oman

SEOUL -- Korea Western Power, a power supplier in South Korea, will inject 600 billion won ($451 million) to build a solar power generation facility in Oman. Through this facility, the Middle Eastern country can produce about 500 megawatt hours of electricity. Korea Western Power signed an agreement with Oman Power and Water Procurement Company (OPWP) to start the construction in November 2023 in Oman's northeastern region called "Manah." The South Korean company will

May 19, 2023

Busan to showcase 31 countries' cultural assets on global citizens' day

SEOUL -- South Korea's southern port city of Busan will host a cultural festival where visitors can enjoy 31 countries' unique cultural assets such as traditional dances. The event will take place on "Together Day," which is a commemorative day on May 20 designed to bridge the gap between domestic and foreign residents in South Korea. Traditional dance performances will be showcased by five nations -- Japan, Kazakhstan, Tanzania, Belarus, and Ecuador. There are so

May 19, 2023

​LG Energy Solution forges partnership with Australia's lithium mine operator

SEOUL -- In a bid to diversify and expand lithium supply channels, South Korea's battery maker LG Energy Solution has forged a partnership with Australia's Green Technology Metals, a lithium mine operator. Global battery makers are in a race to acquire as many stable supply channels for lithium and other rare metals that are required for the production of batteries. China controls about 70 percent of the global lithium production. China, Australia, and Chile are the world&#

May 19, 2023

Canadian leader agrees to expand working holiday program quota with S. Korea

SEOUL -- Canadian Prime Minister Justin Trudeau has agreed to increase an annual quota for the working holiday program with South Korea at a summit meeting held in Seoul. The exchange program was established to encourage the nations' young people to engage in employment activities in each country while learning each other's language and culture. South Koreans and Canadians aged between 18 and 30 are currently allowed to participate in the exchange program after gaining a

May 18, 2023

LG Chem to provide reverse osmosis membranes for desalination project in Israel

SEOUL -- LG Water Solutions, the water treatment wing of South Korea's LG Chem, was selected to supply some 30,000 reverse osmosis membranes for a global desalination project in the Israeli city of Ashdod. Using LG Chem's membranes, the project operators in Israel can annually desalinate 100 million tons of seawater that can be consumed by about 1.1 million people. Reverse osmosis (RO) is used to remove salt and other substances from water through a semi-permeable membrane.

May 18, 2023

[OPINION] Impending US debt default: A looming financial catastrophe?

KARACHI -- As US President Joe Biden prepares to re-engage in negotiations with House Speaker Kevin McCarthy and other influential Republicans on the critical issue of the debt ceiling to find common ground amidst a landscape

May 18, 2023