SEOUL, Feb. 3 (Korea Bizwire) — South Korea announced a new plan on Tuesday to protect finless porpoises reportedly dying off the southwestern coast. The Ministry of Oceans and Fisheries will begin looking into the habitats of finless porpoises in the southern region of the west coast and the coastline along South Gyeongsang Province to collect [...]
GWANGJU, Feb. 3 (Korea Bizwire) — South Korean researchers have developed new technology that enables users to verify whether a stent has become re-stenosed in a blood vessel via a smartphone. A joint research team from Chonnam National University Hospital and Chonnam National University recently announced that they had developed the world’s first monitoring technology [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea plans to build a public big data system by 2024 by compiling all data from government agencies. Statistics Korea introduced plans to build the K-Statistics System on Monday, a cloud-based public big data system that collects data from both central and regional governments as well as public [...]
SEOUL, Feb. 2 (Korea Bizwire) — A research team from Hanyang University, in collaboration with the University of Texas at Austin and other multinational teams, has developed a unipolar artificial muscle that is three times more powerful than other products. The joint research team discovered that coating a carbon nanotube with ion-exchange resin can allow [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Capital Services Inc., South Korea’s leading auto finance company, said Tuesday that its has issued global green bonds worth US$600 million. The five-year bonds, which were sold to overseas investors, carry an annual interest rate of 1.25 percent, or the yield on five-year U.S. Treasurys plus a spread [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea said Tuesday it has teamed up with the mobile giant Kakao Corp. to provide local consumers with information on restaurants that have strictly followed sanitary guidelines to prevent the spread of the new coronavirus. The service offers locations of restaurants that have employees wear protective masks at [...]
SEOUL, Feb. 2 (Korea Bizwire) — The state-run Korea Development Bank and the Hyundai Motor Group jointly announced on Monday that they will cooperate to create a fund that will explore and invest in promising startups in the mobility area. The two parties reached an agreement on the creation of the 74.5 billion won (US$66.6 [...]
JEJU, Feb. 1 (Korea Bizwire) — Specially designed vehicles are gaining attention, clearing snow-covered roads across Mount Halla every time a snow storm sweeps over Jeju Island. The all-terrain Unimog UGE, a special truck developed by Mercedes-Benz, has been employed to clear snow in the region. Unimogs are custom-designed based on how they are going [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s exports of electric vehicles (EVs) advanced nearly 66 percent on-year in 2020, data showed Sunday, despite the overall slump in the automobile industry amid the COVID-19 pandemic. Outbound shipments of EVs came to US$3.9 billion in 2020, marking the first time for the volume to surpass that [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korean steelmakers have launched talks with shipbuilders over prices of thick steel plates, which are mainly used for shipbuilding, people familiar with the matter said Saturday. POSCO, the country’s largest steelmaker, said it is pushing to raise prices of thick steel plates — a key material that accounts [...]