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Pension funds
NPS to launch committee for portfolio firms' governance improvement
South Korea’s National Pension Service (NPS), one of the world’s largest pension funds, is slated to establish a committee to improve th...
Mar 29, 2023 (Gmt+09:00)
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Korean chipmakers
Korean research team develops AI chip to cut power use
South Korean scientists have developed a chip that needs less electricity for advanced efficiency and data processing to help the country’s se...
Mar 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom establishes 5G open RAN indoor demonstration network
South Korean telecom giant SK Telecom Co. has established a 5G open RAN indoor demonstration network at its Bundang headquarters, according to an an...
Mar 23, 2023 (Gmt+09:00)
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Retail
Korea's BGF Retail to cut power use with smart devices
BGF Retail, the operator of South Korea’s largest convenience store chain CU, said on Thursday that it had signed a memorandum of understandin...
Mar 17, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung chief Lee vows bold investment to bolster chip R&D capabilities
Samsung Electronics Co. Chairman Jay Y. Lee pledged another bold investment in the world’s largest memory chipmaker’s next-generation se...
Mar 14, 2023 (Gmt+09:00)
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Construction
SK Oceanplant acquires patents for offshore wind power structure fabrication
SK Oceanplant, a South Korean ship and offshore plant builder formerly known as Samkang M&T, announced on Wednesday that it has acquired two pat...
Mar 08, 2023 (Gmt+09:00)
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Retail
Shilla Duty Free Shop selected as excellent partner by Changi Airport
The Shilla Duty Free Shop announced on Monday that it had received the Gold Award at the 2022 OneChangi App Awards held by Singapore's Changi Airpor...
Mar 06, 2023 (Gmt+09:00)
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Electronics
LG Electronics makes 100 millionth unit of core motor for washing machines
LG Electronics Inc. on Sunday said it produced late last month its 112 millionth unit of the inverter direct drive (DD) motor for its washing machin...
Mar 06, 2023 (Gmt+09:00)
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Artificial intelligence
Hyundai Elevator cuts breakdowns with AI prediction technology
South Korea’s No. 1 elevator maker Hyundai Elevator Co. said on Monday it had reduced the number of stoppages and breakdowns of its elevators ...
Feb 27, 2023 (Gmt+09:00)
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Electronics
LG Elec's ThinQ UP washing machine lowers microplastic emissions
LG Electronics Inc. on Tuesday said it will add a new function to its ThinQ UP upgradable washing machines that drastically reduces the emission of ...
Feb 22, 2023 (Gmt+09:00)
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AgTech
Korea's Daedong to speed up growth with smart farming machines
Daedong Corp., South Korea’s top agricultural machinery manufacturer, aims to accelerate growth based on new businesses such as smart machines...
Feb 16, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao to unveil Korean language-specific, vertical AI
Kakao Corp., South Korea’s No. 1 mobile messenger platform, will launch Korean language-specific, vertically-integrated AI service this year s...
Feb 10, 2023 (Gmt+09:00)
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ESG
Samsung Electro-Mechanics achieves highest ranking in CDP evaluation
Samsung Electro-Mechanics has achieved its highest ranking in the Carbon Disclosure Project (CDP) evaluation of climate change response. The company...
Feb 10, 2023 (Gmt+09:00)
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Chemical Industry
KCC launches Korea’s first organic water-based fire-resistant paint
South Korea's chemical and auto parts manufacturer KCC Corp. said on Thursday that it has launched the Firemask AQ Series, the first organic water-b...
Feb 10, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT DS secures global standard certification for Smart-X
KT DS, an IT service arm of South Korea's KT Group, said on Thursday that its Internet-of-Things (IoT) solution Smart-X has passed the oneM2M certif...
Feb 09, 2023 (Gmt+09:00)
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Construction
Lotte Construction develops eco-friendly concrete
Lotte Engineering & Construction has developed eco-friendly concrete that can reduce carbon dioxide emissions by up to 90%. In collaboration wit...
Feb 06, 2023 (Gmt+09:00)
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Carbon neutrality
SK Ecoplant passes industry-first carbon reduction target verification
South Korea's construction and engineering company SK Ecoplant Co. said on Thursday that it has passed the greenhouse gas reduction target verificat...
Feb 03, 2023 (Gmt+09:00)
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Bio & Pharma
JW Pharma to put AI into new drug ingredient development
South Korea's drug developer JW Pharmaceutical is expanding the scope of its artificial intelligence (AI) uses from new drug research to the develop...
Jan 30, 2023 (Gmt+09:00)
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Healthcare
S-1 unveils AED with analysis time reduced to 2 seconds
S-1 Corp., a security affiliate of South Korea's Samsung Group, has been expanding its presence into the automated external defibrillator (AED) area...
Jan 25, 2023 (Gmt+09:00)
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Artificial intelligence
KT to unveil super AI to challenge OpenAI's ChatGPT
South Korea’s KT Corp. is set to commercialize a super artificial intelligence (AI) tool in the first half of this year, according to industry...
Jan 17, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom, Nokia demonstrate Korea's first open RAN base station
SK Telecom Co. said on Tuesday that it verified jointly with Nokia the stable 5G speed and coverage performance in a field test by installing a clou...
Jan 11, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
DSME puts welding collaborative robots into field
Daewoo Shipbuilding & Marine Engineering Co. (DSME) said on Monday that it developed a collaborative robot, or cobot, that welds pipes in the ...
Jan 09, 2023 (Gmt+09:00)
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Business & Politics
Korean government to finance $625 million for K-content in 2023
South Korean President Yoon Suk-yeol emphasized on Thursday the importance of K-content, saying content will become the most important industry to s...
Jan 06, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai to consider EV assembly plant in Saudi Arabia
Hyundai Motor Group, South Korea’s top automaker, plans to consider building an assembly plant for electric vehicles and internal combustion e...
Jan 01, 2023 (Gmt+09:00)
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ESG
CJ Logistics aims to achieve carbon neutrality goal by 2050
South Korea's parcel delivery company CJ Logistics said on Friday that it will achieve carbon neutrality by 2050 for a more sustainable future in lo...
Dec 30, 2022 (Gmt+09:00)
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Energy
Hyundai Heavy Industries Group develops dual LNG-hydrogen engine
Hyundai Heavy Industries (HHI) Group has developed South Korea's first hybrid engine that uses liquefied natural gas (LNG) and hydrogen.The group's ...
Dec 23, 2022 (Gmt+09:00)
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Carbon neutrality
Samsung Heavy receives approval from US on gas recovery system
Samsung Heavy Industries, a major shipbuilder in South Korea, said on Tuesday that its boil-off gas recovery system (BReS) for LNG-powered vessels h...
Dec 20, 2022 (Gmt+09:00)
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Artificial intelligence
Kakao's AI filter reduces profanity in online news comments
South Korean tech giant Kakao Corp. has reduced swearing and negative comments about news on its online portals such as Daum and Kakao View by using...
Dec 14, 2022 (Gmt+09:00)
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Bio & Pharma
S.Korean biotech firm Noul signs MOU with disease center of Ghana
South Korea's Medical diagnostics company Noul Co., Ltd. said on Monday that it has signed a memorandum of understanding with the Ghana Infectious D...
Dec 12, 2022 (Gmt+09:00)
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ESG
KB Financial included in DJSI for 7 consecutive years
KB Financial Group has been included in the 2022 Dow Jones Sustainability World Index for seven years in a row announced by Standard & Poor's Gl...
Dec 12, 2022 (Gmt+09:00)