SEOUL, Dec. 12 (Korea Bizwire) — Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, said Tuesday it has succeeded in commercializing cryogenic flexible steel for making liquefied natural gas (LNG) storage tanks. The successful commercialization caps three years of research and development, and it has passed a cryogenic tension test by global certifier Luxemburg Institute [...]
SEOUL, Dec. 1 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI) said Friday it has signed a deal with U.S. space firm SpaceX to launch South Korea’s next-generation midsized satellite No. 2 in 2025. It marks KAI’s second deal with SpaceX following a similar arrangement for the launch of the next-generation midsized satellite No. 4 [...]
DAEJEON, Nov. 30 (Korea Bizwire) – In a significant stride towards expanding the global reach of its cutting-edge plasma technology, the Korea Institute of Fusion Energy (KFE) has inked a contract with an American bio-diesel production company. The KFE announced on November 29 that it had entered into an agreement with Plasma Blue, which is based [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hanwha Systems Co., the defense and ICT unit of South Korea’s Hanwha Group, said Wednesday it plans to launch a small synthetic aperture radar (SAR) satellite within the year. The company said it plans to deploy the self-developed SAR satellite into space over the southern waters of Jeju Island [...]
SEOUL, Nov. 16 (Korea Bizwire) – POSCO International is venturing into Ukraine’s postwar reconstruction, commencing with the establishment of a modular plant. The announcement came on Wednesday when CEO Jeong Tak signed a Memorandum of Understanding (MOU) with Governor Vitalii Kim of the Mykolaiv region for the construction of a modular building production facility. Modular construction [...]
SEOUL, Nov. 2 (Korea Bizwire) – The Seoul Metropolitan Government announced on Wednesday the development of innovative technology for efficiently blending carbon dioxide and ozone, essential components for improving the quality of tap water, during the production process of Arisu, Seoul’s tap water brand. Carbon dioxide plays a crucial role in enhancing water purification efficiency by [...]
SEOUL, Oct. 11 (Korea Bizwire) – New technology based on state-of-the-art IoT sensors has been developed to detect risk factors in dedicated bicycle paths for cyclists. The Korea Institute of Construction Technology (KICT) announced on Tuesday that its Future Smart Construction Research Division’s research team has successfully developed a groundbreaking system that automatically detects and monitors [...]
ULSAN, Oct. 5 (Korea Bizwire) – The Ulsan Metropolitan Police Agency has registered a utility model for a device designed to cool down the interior of patrol cars. The agency announced on Tuesday that it had developed an indoor air circulation system for patrol cars and completed the utility model registration. The purpose of utility model [...]
VATICAN/SEOUL, Sept. 14 (Korea Bizwire) — Samsung Electronics Co. has finished installing four LED billboards at St. Peter’s Square in the Vatican, where the Pope gives his weekly address. Samsung’s billboards became operational in time for the Papal Audience, the general audience session held every Wednesday morning for Catholic followers and tourists visiting the revered [...]
SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are poised to introduce a fresh array of offerings at IAA Mobility 2023, slated to take place from Sept. 5-10 in Munich, Germany, aimed at establishing dominance in the automotive electronics market. Samsung’s device solution (DS) division, responsible for the chip business, [...]