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Scientists Develop Rapid Landslide Prediction Technology Following Wildfires and Heavy Rain

DAEJEON, South Korea, April 11 (Korea Bizwire) — South Korean researchers have developed a breakthrough technology capable of predicting landslide and debris flow risks within two and a half hours following extreme rainfall—offering critical lead time for evacuations, particularly in wildfire-damaged mountain regions. The Korea Institute of Geoscience and Mineral Resources (KIGAM) announced Thursday that [...]

Top South Korean Officials Heavily Invested in U.S. Tech Stocks, Financial Disclosures Show

SEOUL, March 28 (Korea Bizwire) – Among 2,047 high-ranking South Korean officials required to disclose their assets, many have significant holdings in major international technology companies, according to government records released on March 27. Deputy Prime Minister and Finance Minister Choi Sang-mok invested nearly 200 million won in 30-year U.S. Treasury bonds last year, while [...]

S. Korea to Invest 208.8 Bln Won in Promoting Global Technology Cooperation

SEOUL, Feb. 5 (Korea Bizwire) — South Korea will spend 208.8 billion won (US$143.7 million) this year on global technology cooperation projects as part of efforts to bolster the country’s technological competitiveness, the industry ministry said Wednesday. The amount marks a 25.9 percent increase from the corresponding tally for last year, according to the Ministry [...]

S. Korea Ranks 8th Globally in Defense Technologies: Report

SEOUL, Jan. 22 (Korea Bizwire) – South Korea’s defense technologies were assessed to be the world’s eighth most advanced as of last year, moving up one notch from the previous review, a triennial government report showed Wednesday. In comparison to the United States, which topped the list of 16 nations, the level of South Korea’s [...]

South Korea Advances Construction Innovation with 12 New Technologies

SEJONG, Jul. 25 (Korea Bizwire) – The South Korean Ministry of Land, Infrastructure and Transport announced on July 24 that 12 new construction technologies, including a method for inspecting concrete cracks using autonomous drones, have been designated as innovative construction technologies for the first half of this year. Since 1989, the government has been designating new [...]

S. Korea Aims to Promote Global R&D Projects with 6 Overseas Institutions

SEOUL, Apr. 5 (Korea Bizwire) — South Korea’s industry ministry said Friday it has designated six overseas partner institutions to establish global technology cooperation centers, aiming to advance research projects focused on core technologies. The country will seek to establish such centers under ties with MIT, Yale University, Purdue University, Fraunhofer, Johns Hopkins University and [...]

Leaks Jeopardize Security of State-of-the-Art Technology: Biz Lobby

SEOUL, Aug. 31 (Korea Bizwire) — South Korea needs to develop countermeasures to prevent overseas leaks of state-of-the-art technology, especially regarding semiconductors, amid the deepening of technology competition among major countries, including the U.S. and China, the Federation of Korean Industries said Tuesday. According to the National Industrial Security Center under the National Intelligence Service, [...]

Catering Firms Develop Variety of Services Using State-of-the-Art Technology

SEOUL, Sept. 29 (Korea Bizwire) — An increasing number of catering companies are going beyond the limit of providing simple meals towards supporting health management and improvement of dietary habits using state-of-the-art technology. CJ Freshway Corp., a food distribution and catering affiliate of CJ Group, teamed up with food data analysis start-up NUVI Lab in [...]

Competition Heats Up to Reduce Inter-floor Noise

SEOUL, Aug. 23 (Korea Bizwire) — Amid a recent surge in the number of disputes over noise between floors resulting from the COVID-19 pandemic, which has prompted most Koreans to spend more time at home, construction companies are moving heaven and earth to develop technology that can reduce noise between floors. DL E&C Co. and [...]

S. Korea to Boost Eco-friendly Energy Tech to Achieve Carbon Neutrality by 2050

SEOUL, March 31 (Korea Bizwire) — South Korea said Wednesday it aims to acquire core technologies in eco-friendly energy sectors, such as highly-efficient solar panels and large-scale wind turbines, to reach carbon neutrality by 2050. Last year, South Korea unveiled its carbon neutrality goal to reduce reliance on fossil fuels and nurture eco-friendly industries. Under [...]