POHANG, Jan. 9 (Korea Bizwire) – POSCO has introduced a new smart safety helmet at its factories to maximize safety and efficiency. The steel giant announced on Tuesday that it had developed a new smart safety helmet in collaboration with its subsidiary POSCO ICT. The new helmet is equipped with smart sensors and safety devices, [...]
SEOUL, Jan. 9 (Korea Bizwire) — In line with the global trend towards harbor automation, the South Korean government has announced its intention to establish an automated foundation by 2025, and complete a smart maritime logistic system by 2030. With the automatic system, time spent loading and unloading a typical large container ship is expected [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korean shipyards, for the first time in seven years, ranked No. 1 in 2018 in terms of annual orders secured, industry data showed Tuesday. According to the data compiled by global research firm Clarkson Research Institute, local shipbuilders clinched new orders totaling a combined 12.63 million compensated gross [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s trade ministry on Tuesday urged South Korean petrochemical companies to diversify their portfolios to cope with the anticipated slump in the industry and overcome protectionism. The Ministry of Trade, Industry and Energy said the petrochemical industry is expected to experience a downturn after enjoying the previous three [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea has developed two electric carts that can help those requiring assistance to move heavy cargo with ease. The Ministry of Land, Infrastructure and Transport announced on Thursday that it had developed a Mobile Power Cart and Smart Power Carrier following an extensive R&D project which began in [...]
SEOUL, Jan. 4 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong made a surprise visit to the company’s cafeteria. During the morning of January 3, Lee visited Samsung Electronics’ Suwon plant and attended a ceremony celebrating the opening of a new production line that will produce 5G network communication equipment. His appearance was captured [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean electric vehicle (EV) battery makers performed poorly in the world market in 2018 compared to their Japanese and Chinese rivals, a report showed Friday. Global shipments of EV battery products came to 76,950 megawatt-hours (MWh) in the first 11 months of last year, up a whopping 72.8 [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korean shipbuilders are expected to continue to benefit from a growing number of liquefied natural gas (LNG) ship orders this year, people in the industry said Tuesday. In 2019, the world’s overall LNG ship orders are likely to reach 69, rising from 65 in 2018 and 17 in [...]
SEOUL, Dec. 28 (Korea Bizwire) — SK hynix Inc. has announced new policy to continue employing outstanding engineers past retirement. A number of selected engineers will be able to continue to work without having to retire. Currently, the retirement age at SK hynix is 60. Experts argue that the new measure aims not only to [...]
SEOUL, Dec. 24 (Korea Bizwire) — The Ministry of Science and ICT conducted written tests for experts in 3D printer development and 3D printer operation on December 22, in 15 different cities across South Korea, including Seoul. This is the first time that certification tests have been held for 3D printing. Approximately 500 candidates applied [...]