HD Hyundai Oilbank selected to develop clean energy complex at western port

SEOUL, July 30 (AJU PRESS) - Korea's Ministry of Oceans and Fisheries announced Tuesday HD Hyundai Oilbank has been selected to develop a clean energy complex at Daesan Port on the western coast. The project, part of Korea's national carbon neutrality policy, aims to establish production, storage and distribution facilities for eco-friendly energy sources such as green hydrogen and ammonia. Construction is slated to begin in the first half of 2025, with completion expected b

July 30, 2024

LIG Nex1 acquires majority stake in U.S. robotics firm Ghost Robotics

SEOUL, July 29 (AJU PRESS) - Korean defense company LIG Nex1 has completed the acquisition of a 60 percent stake in Ghost Robotics, a U.S.-based quadruped robot specialist, for about 332 billion won ($240 million). The deal, finalized on Friday after receiving approval from the Committee on Foreign Investment in the United States (CFIUS), marks LIG Nex1's strategic entry into the global robotics market. Ghost Robotics, founded in 2015 and headquartered in Philadelphia, is known

July 29, 2024

Robot chefs debut at Korea's Kangwon Land casino resort

SEOUL, July 29 (AJU PRESS) – Kangwon Land Inc., a casino resort in Jeongseon, eastern Korea, has introduced robotic chefs at its High1 Grand Hotel. In its “smart table” system, customers can place orders via kiosks, after which robot chefs prepare the meals and deliver them to the tables, the company said. The system aims to maintain consistent food quality while mitigating risks associated with handling hot oil in cooking processes. It features 52 seats and op

July 29, 2024

Korean cable maker Taihan launches offshore wind installation vessel

SEOUL, July 24 (AJU PRESS) - Taihan Cable & Solution on Wednesday launched Korea's first cable laying vessel (CLV) dedicated to offshore wind power projects. The 6,200-ton vessel, named Palos, was unveiled at a ceremony held at the Kodae-Port in the central city of Asan. The Palos, capable of carrying up to 4,400 tons of submarine cable, is equipped with advanced features including a dynamic positioning system. Taihan said the vessel significantly enhances its capabilit

July 24, 2024

Qatar adopts Lunit's AI solution for breast cancer screening project

SEOUL, July 22 (AJU PRESS) – Lunit, a Korean artificial intelligence software developer, said Monday its AI-based diagnosis system has been adopted by Qatar’s national breast cancer screening program. The AI solution, called "Lunit Insight MMG," compares and analyzes medical images of breast cancer patients and healthy individuals. When the solution detects an anomaly, human supervisors are notified, and the patient undergoes additional tests to confirm the

July 22, 2024

Overseas Koreans to be allowed to access digital services without local phone numbers

SEOUL, July 18 (AJU PRESS) - The Korea Internet and Security Agency (KISA) announced on Thursday that Korean citizens living abroad will soon be able to access domestic digital services, including banking, without maintaining a Korean mobile phone subscription. KISA has signed an agreement with five major financial institutions and government bodies to allow overseas Koreans to use electronic signature authentication issued by these entities. The pilot service, set to launch by year

July 18, 2024

Lotte Mart to launch AI-selected crisp peaches

SEOUL, July 17 (AJU PRESS) - Lotte Mart, a major Korean retailer, announced on Wednesday that it will introduce peaches selected by artificial intelligence (AI) starting July 18. The company said it aims to enhance product quality through an advanced AI-based sorting system that utilizes deep learning algorithms to improve accuracy in fruit selection. The AI system employs high-speed cameras to capture three to four images per second of peaches on a conveyor belt, identifying de

July 17, 2024

Virtual tellers: Shinhan Bank rolls out AI clerks in branches nationwide

SEOUL, July 12 (AJU PRESS) - Shinhan Bank has rolled out artificial intelligence-based clerks capable of interacting with customers at branches across South Korea, the company announced Friday. The virtual tellers were developed by DeepBrain AI, an AI solution company, using deep learning and voice and video synthesis technologies. They appear on digital kiosks and interactive screens in Shinhan branches. Based on footage of five actual Shinhan employees, they are capable of gree

July 12, 2024

Upstage adopts FriendliAI's data management solution for AI translation service

SEOUL, July 12 (AJU PRESS) - Korea's AI startup Upstage has signed a memorandum of understanding with domestic AI platform developer FriendliAI to manage its translation service specializing in Korean and English. Upstage said Friday that its large language model (LLM) solution "Solar" will utilize FriendliAI's graphics processing units (GPUs) management solution to handle translation data and enhance performance efficiency. Solar is a deep-learning platform capabl

July 12, 2024

Korean researchers develop mass-producible large transparent screens

SEOUL, July 3 (AJU PRESS) - The Korea Institute of Machinery & Materials (KIMM) has successfully commercialized a 100-inch nano transparent screen that can be mass-produced at a fraction of the cost of existing technologies. The innovation, developed in collaboration with Meta2People, allows for adjustable transparency based on ambient lighting and image information. The new screens utilize titanium dioxide nanoparticles dispersed within a film as thin as a human hair. When c

July 3, 2024