National
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Nongshim's container-type smart farm goes for pilot project in Oman
SEOUL -- Nongshim, a food and beverage company in South Korea, will export a container-type vertical smart farm for a pilot project in Oman, which has launched a state smart farm initiative to decrease its reliance on food imports. Nongshim said its smart farm enables crop cultivation up to 18 times a year. Cultivation is possible immediately if only electricity and water are connected locally. This is Nongshim's first smart farm export since it formed an in-house startup team i
November 23, 2022 -
LIG Nex1 leads military project to develop jammer capable of neutralzing N. Korean drones
SEOUL -- LIG Nex1 was selected for a military project to develop a jammer capable of disturbing control signals of North Korean drones and getting them off course or into a crash in a "soft kill" manner when they fly into South Korean airspace across the heavily guarded inter-Korean border. The Defense Acquisition Program Administration (DAPA), an arms procurement agency controlled by the defense ministry, embarked on a project that costs about 24.4 billion won ($18 millio
November 22, 2022 -
ADD partners with technology finance support institution to help defense technology companies
SEOUL -- South Korea's defense technology development agency has partnered with a state-operated credit guarantee finance support institute to help technology companies suffering from heavy interest burdens due to global interest rate hikes. The Korea Technology Finance Corporation (KOTEC) is a finance support institute that evaluates the value of technology owned by an individual person or small and medium-sized companies (SMEs) based on a credit guarantee system. When its eva
November 18, 2022 -
LIG Nex1 selected to develop protoype of interceptor missile for dome-shaped air defense shield
SEOUL -- LIG Nex1, a defense contractor in South Korea, was selected for a deal to deliver the prototype of an interceptor missile, marking the official beginning of a much-heralded military program to develop a dome-shaped air defense shield that intercepts North Korea's long-range artillery shells. The contract worth about 11.3 billion won ($8.5 million) is part of a research and development project that "integrates the prototype of a long-range artillery interception sy
November 16, 2022 -
Hanwha Systems secures deal to deliver prototype of radar for dome-shaped air defense system
SEOUL -- Hanwha Systems, a key defense contractor affiliated with South Korea's Hanwha Group, has secured a deal from a state defense technology development agency to deliver the prototype of a radar for a dome-shaped air defense system that intercepts North Korea's long-range artillery shells and cruise missiles sneaking across the tightly guarded inter-Korean border. In a regulatory filing on November 15, Hanwha Systems said it has signed a contract worth 51.2 billion won
November 15, 2022 -
CGBio unveils skin trouble care patch as first of microneedle pipeline
SEOUL -- CGBio, a total healthcare provider in South Korea, has unveiled a skin trouble care patch as the first of its microneedle pipeline. Microneedles or microneedle patches are made from a variety of materials ranging from silicon, titanium, stainless steel, and polymers to increase the diffusivity of drugs to the stratum corneum by creating micron-size pores in the skin. With the launch of its skin trouble care patch named "CGDew Dermaregen," GBio aims to release f
November 14, 2022 -
Poongsan's military ammunition gains attention due to war in Ukraine
SEOUL -- Poongsan Corp., a producer of fabricated non-ferrous metal products and military ammunition in South Korea, has been a hermitic company with little publicity. However, its defense business gained unexpected attention due to Russia's invasion of Ukraine. The company has produced almost all kinds of ammunition used in the military. Poongsan has secured its exclusive position in South Korea's military ammunition market since it jumped into the production of bullets
November 11, 2022 -
Norway signs option contract with Hanwha Aerospace to purchase four more K9 self-propelled howitzers
SEOUL -- Norway has signed an option contract with South Korea's Hanwha Aerospace to purchase four more K9 self-propelled howitzers and eight ammunition resupply vehicles for delivery over the next two years. As the northernmost NATO member in Europe, the Nordic country sharing a land border with Russia has increased its defense budget to compensate for the shipment of howitzers and other military equipment to Ukraine. Hanwha Aerospace said that the latest contract signed on N
November 8, 2022 -
Hanwha Systems clinches contract to provide thermal optic aiming devices for K15 light machine guns
SEOUL -- Hanwha Systems, a key defense contractor affiliated with South Korea's Hanwha Group, has clinched an arms contract worth about 160 billion won ($113 million) to provide thermal optic aiming devices for K15 light machine guns. It is equipped with telescope sight so that users can quickly aim and shoot day and night. Under a contract with the Defense Acquisition Program Administration (DAPA), a state arms procurement body controlled by the defense ministry, Hanwha Systems
November 2, 2022 -
HK inno.N signs CMO contract to produce clinical trial drugs for stem cell-derived organoid treatments
SEOUL -- HK inno.N, a bio-health company in South Korea, will carry out the consignment production of clinical trial drugs for stem cell-derived organoid treatments under development by Cell in Cells, a domestic bio company which has a pipeline of stem cell-derived regenerative organoid treatments for various diseases. An organoid is a miniaturized and simplified version of an organ produced in vitro in three dimensions that shows realistic micro-anatomy. Organoids are derived from
November 2, 2022
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BOJ's Ueda signals concerns over gradual rate hikes
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China to launch monthlong consumption campaign in five major cities
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Xi meets Modi at BRICS summit, calls for cooperation on development goals
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OPINION: Why more men and fewer white women say they will vote for Trump in US election
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Meta faces new legal challenges in Japan over fraudulent ads
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PHOTOS: Korea's largest robot show opens at KINTEX
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PHOTOS: Railway workers threaten strike
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SK bioscience's influenza vaccine approved in Indonesia
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LG Electronics unveils software kit for AI home robot at global conference
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Kim Jong-un inspects missile base, citing growing US nuclear threat