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The latest technology news coverage. We bring you the latest information on what is happening in Korea today.

Tmoney Launches Trial Operation of Tagless Payment Service for Public Transport

Tmoney Launches Trial Operation of Tagless Payment Service for Public Transport

SEOUL, July 5 (Korea Bizwire) — The time is coming when public transport fares will be paid automatically if you simply pass by card readers without having to tag your traffic card or smartphone on the readers. South Korean smart payment operator Tmoney Co. said Monday that it will launch a trial operation of the [...]

Culture Minister Vows to Lift Regulations on Gaming Industry

Culture Minister Vows to Lift Regulations on Gaming Industry

SEOUL, July 1 (Korea Bizwire) — The culture minister on Friday pledged to lift the country’s strict regulations on the computer gaming industry, saying “games are not a disease.” Culture, Sports and Tourism Minister Park Bo-gyoon made the comment during a meeting with industry leaders at the Korea Association of Game Industry in southern Seoul. [...]

LG Chem Ties Up with Partners to Promote Plastic Waste Resourcification

LG Chem Ties Up with Partners to Promote Plastic Waste Resourcification

SEOUL, July 1 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical maker, said Thursday it will take the initiative to build a virtuous resource cycle ecosystem using plastic waste with its business partners. The company signed a memorandum of understanding with Sampyo Cement, Hyundai Rotem, the Korea Engineers Alliance and the Korea Cement Association [...]

Hyundai Robotics Rolls Out Face-to-Face Disinfection Robot

Hyundai Robotics Rolls Out Face-to-Face Disinfection Robot

SEOUL, July 1 (Korea Bizwire) — Hyundai Robotics Co., the largest industrial robot manufacturer in South Korea, said Thursday it will release an innovative disinfection robot enabling face-to-face disinfection. The newly-developed robot uses plasma sterilization, a method that has been used for the sterilization of surgical instruments at hospitals, to sterilize the air, while carrying [...]

New Technology Repairs Car Scratches Through Exposure to Sunlight

New Technology Repairs Car Scratches Through Exposure to Sunlight

SEOUL, June 30 (Korea Bizwire) – The Korea Research Institute of Chemical Technology said Wednesday it has developed a new self-healing coating material that repairs car surface scratches through exposure to sunlight. The newly-developed coating material, hindered urea, is added to conventional commercial coating materials to convert their chemical properties and to make high molecular [...]

Samsung Buys German OLED Display Firm Cynora: Report

Samsung Buys German OLED Display Firm Cynora: Report

SEOUL, June 29 (Korea Bizwire) — Samsung Display Co. has acquired German display startup Cynora GmbH for about US$300 million to advance technology for foldable smartphone screens, a report said Wednesday. Bloomberg reported that the South Korean firm purchased Cynora’s “intellectual property and technology” on organic light-emitting diode (OLED) panels used in foldable smartphones. Cynora’s [...]

Game Companies Take Wait-and-See Approach Towards Plunge in the Price of Their Cryptocurrencies

Game Companies Take Wait-and-See Approach Towards Plunge in the Price of Their Cryptocurrencies

SEOUL, June 24 (Korea Bizwire) — South Korean game companies with products featuring virtual coins and other blockchain functionalities are taking a wait-and-see approach towards the recent plunge in the prices of cryptocurrencies operated by them for in-game purchases and trading. Wemix, a cryptocurrency operated by Wemade Co., the developer of the play-to-earn (P2E) game [...]