SEOUL, July 29 (Korea Bizwire) – A group of South Korean scientists has discovered the existence of dark states of electrons in a solid material for the first time in the world in a joint research project with scientists from the United States, Britain and Canada, the science ministry said Monday. A research team, led [...]
SEOUL, Jul. 18 (Korea Bizwire) — LG Electronics Co. said Thursday it aims to achieve over 1 trillion won (US$725.2 million) in sales from its smart factory solution business by 2030, leveraging its artificial intelligence technologies and manufacturing expertise. This year, the South Korean home appliance giant entered the smart factory solution market, offering technologies [...]
SEOUL, Jul. 10 (Korea Bizwire) — A global biotechnology exhibition opened in Seoul on Wednesday with the aim of helping local businesses make inroads into the global market, officials said. The Bioplus-International Pharmaceutical and Manufacturing Expo Korea kicked off in Seoul for a three-day run, inviting 250 businesses from 15 countries, including Samsung Biologics Co. [...]
GWANGJU, Jul. 1 (Korea Bizwire) – The city of Gwangju has implemented a smart crosswalk system that automatically extends crossing times for elderly or mobility-impaired pedestrians who may need extra time to cross the street safely. According to city officials on July 1, the “Intelligent Transportation System (ITS) Smart Crosswalk” developed in collaboration with the Gwangju [...]
SEOUL, May 27 (Korea Bizwire) – The South Korean Ministry of Land, Infrastructure and Transport has announced plans to launch a pilot program for a new “smart toll” system on the nation’s highways, an initiative launched in collaboration with the Korea Expressway Corporation. The trial, slated to commence on May 28 for a one-year period, aims [...]
SEOUL, May 2 (Korea Bizwire) – LG Electronics has announced that its large-scale chillers, designed for cooling industrial facilities, have emerged as a driving force behind the company’s growth in the commercial heating, ventilation, and air conditioning (HVAC) sector, with sales increasing by nearly 40 percent annually over the past three years in overseas markets. The [...]
JEONJU, Mar. 22 (Korea Bizwire) – The Rural Development Administration (RDA) of South Korea has announced the development of a cryopreservation technology that allows for the long-term storage of pear tree genetic resources at ultra-low temperatures. The key to this technology is preserving genetic material in liquid nitrogen at an extreme low temperature of minus 196 [...]
SEOUL, Mar. 7 (Korea Bizwire) –South Korean tech giant Naver has announced a strategic partnership with the Saudi Public Transport Company (SAPTCO) to improve Saudi Arabia’s urban transport system through the deployment of an intelligent transportation system. This collaboration, formalized through a Memorandum of Understanding (MOU) on March 7, aims to leverage cutting-edge technologies like [...]
SEOUL, Feb. 29 (Korea Bizwire) – The Seoul Metropolitan Police Agency has announced significant reductions in traffic accidents in areas monitored by automated traffic enforcement cameras over the past five years. This data underscores the effectiveness of these cameras in improving road safety within the city. An analysis of traffic incidents at 105 locations equipped with [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea will mass-produce a 155-millimeter extended-range artillery shell this year after successfully completing its development in a yearslong project, the state arms procurement agency said Tuesday. The Defense Acquisition Program Administration (DAPA) held a meeting with ammunition maker Poongsan at the company’s research center in Daejeon, 139 kilometers [...]