SEOUL, April 23 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Wednesday its first-quarter net profit more than doubled from a year earlier, driven by expanded production and a weaker won. Net profit for the three months ended March surged to 375.6 billion won (US$263.9 million), up from [...]
DAEJEON, South Korea, April 19 — A research team at the Korea Advanced Institute of Science and Technology (KAIST) has proposed a groundbreaking approach using artificial intelligence to design enzymes that do not exist in nature — a move that could transform the future of bioengineering and industrial biotechnology. According to KAIST’s announcement on April [...]
SEOUL, April 9 (Korea Bizwire) — South Korea is on course to conclude negotiations for a project to build a nuclear power plant in the Czech Republic, Seoul’s industry minister said Wednesday, as the final agreement for the highly anticipated project is being delayed. “We have completed documentations for the project, and local procedures, such [...]
SEOUL, March 4 (Korea Bizwire) — South Korea is taking the lead in developing international standards for brain-computer interface (BCI) technology, a cutting-edge field that enables users to control devices using only their thoughts. The Korean Agency for Technology and Standards (KATS), part of the Ministry of Trade, Industry and Energy, announced on March 3 that [...]
DAEJEON, Feb. 11 (Korea Bizwire) — A research team at the Korea Advanced Institute of Science and Technology (KAIST) has developed a groundbreaking wearable sensor that can diagnose sleep health in real-time by measuring carbon dioxide levels in exhaled breath, the institute announced on February 10. Traditional carbon dioxide sensors have been limited by their bulk [...]
LAS VEGAS, Jan. 9 (Korea Bizwire) — Eureka Park, a dedicated space for startups and emerging entrepreneurs at CES 2025 in Las Vegas, serves as a showcase for creative ideas and innovations, attracting tech-savvy visitors and representatives from global tech companies. This year, 625 South Korean startups participated, presenting technologies in fields such as artificial [...]
SEOUL, Jan. 9 (Korea Bizwire) — KT Corp., a major South Korean telecommunications company, said Thursday it will join hands with defense firm LIG Co. Nex1 to develop propriety technologies for homegrown low Earth orbit (LEO) satellites. The two companies signed a memorandum of understanding to jointly develop core technologies for LEO satellites, including a [...]
INCHEON, Dec. 26 (Korea Bizwire) — Members of the South Korean Coast Guard are developing new equipment to improve maritime rescue operations, with several officers recently receiving recognition for their inventions. The Korea Coast Guard announced on December 25 that Senior Officer Kim Myung-seop from the Seogwipo Coast Guard Station won the gold prize at the [...]
SEOUL, Nov. 12 (Korea Bizwire) — KT SAT Co., the satellite service arm of South Korea’s telecom giant KT Corp., said Tuesday it has successfully launched its geostationary satellite for communications service into orbit. The Koreasat-6A was launched aboard SpaceX’s Falcon 9 rocket from a space launch complex in Florida at around 12:22 p.m. Monday [...]
BUSAN, Nov. 7 (Korea Bizwire) – The Busan Port Authority (BPA) announced on November 6 that it is launching a project to develop technology that will enable remote, unmanned operation of currently manned harbor cranes. Container port cranes, which are essential equipment for cargo handling operations, are divided into quay cranes that load and unload containers [...]