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Sun, November 27, 2022 | 21:42

KAI, Hanwha vie to become Korean version of SpaceX

KAI, Hanwha vie to become Korean version of SpaceX

Korea Aerospace Industries (KAI) and Hanwha Aerospace are now in direct competition with each other to lead the project to upgrade a domestically developed launch vehicle, after previously cooperating on the successful Nuri space rocket launch in June, according to industry officials, Tuesday. The Korea Aerospace Research Institute (KARI) invited tenders for the 303 billion w...

Park Jae-hyuk | 2022-08-30 15:36

Industry ministry seeks 10.7 trillion won in 2023 budget for chip, nuclear sectors

Industry ministry seeks 10.7 trillion won in 2023 budget for chip, nuclear sectors

The industry ministry said Tuesday it has requested 10.74 trillion won ($7.95 billion) in its budget for next year to spur semiconductors, nuclear energy and other advanced industry sectors, and to strengthen supply chains.

2022-08-30 13:35

Game companies revamp business models due to changing gamer trends

Game companies revamp business models due to changing gamer trends

Nexon, Krafton, Line Games, Neowiz and other Korean games companies are changing their business strategies by releasing games that require users to purchase fewer in-game items, according to industry officials and analysts. The industry is focusing on platforms other than mobile devices or developing various genres of games after facing a backlash from gamers who oppose a sys...

Baek Byung-yeul | 2022-08-28 13:55

Samsung launches new foldable phones in 40 countries

Samsung launches new foldable phones in 40 countries

Samsung Electronics launched its latest foldable smartphones in some 40 countries Friday, hoping the new products could jump-start the lackluster global smartphone sales amid high inflation.

2022-08-26 20:50

US ambassador urges Korea to play role in shaping rules-based order in Indo-Pacific

US ambassador urges Korea to play role in shaping rules-based order in Indo-Pacific

The U.S. ambassador to Korea said Friday that the two countries should strengthen their partnership in trade and technology to build a rules-based order in the Indo-Pacific. During the American Chamber of Commerce in Korea (AMCHAM) Digital Innovation Forum, Friday, U.S. Ambassador Philip Goldberg welcomed the Yoon administration's decision to join the launch of the Indo-Pacif...

Park Jae-hyuk | 2022-08-26 16:57

Samsung to 'reinvent the toilet' with Bill Gates

Samsung to 'reinvent the toilet' with Bill Gates

Samsung Electronics Vice Chairman Lee Jae-yong, left, shakes hands with Bill & Melinda Gates Foundation Co-chair Bill Gates in Seoul, Aug. 16, during their meeting to discuss social contributions. The Korean company said Thursday that it successfully wrapped up the Reinvent the Toilet project with the foundation to develop a prototype toilet for the world's poorest commun...

Park Jae-hyuk | 2022-08-25 16:16

Korean companies unveil new games, new IT gadgets at Gamescom

Korean companies unveil new games, new IT gadgets at Gamescom

Samsung Electronics, Samsung Display, Nexon, Krafton and other Korean companies unveiled their gadgets and games at Gamescom, using the game industry trade show in Germany as an opportunity to meet European consumers, they said Wednesday. The trade show, which is being held in Cologne from Aug. 24 to 28, is one of the world's largest game-related trade shows along with E3 of ...

Baek Byung-yeul | 2022-08-24 17:02

LG Innotek earns green certification with material technology

LG Innotek earns green certification with material technology

LG Innotek is improving its capability in the eco-friendly material sector, receiving a Green Technology Certification from the Ministry of Trade, Industry and Energy for its material technology, the company said on Tuesday. The Green Technology Certification is a type of accreditation in which the government recognizes eco-friendly technologies that can contribute to societa...

Baek Byung-yeul | 2022-08-23 16:59

Indiana governor to visit Korea for investments from Samsung, LG

Indiana governor to visit Korea for investments from Samsung, LG

Samsung and LG have come into the spotlight ahead of Indiana Governor Eric Holcomb's two-day visit to Korea later this week, intended to attract investments for his state's electric vehicle (EV) battery and semiconductor industries, according to industry officials and foreign media, Tuesday. The governor will depart for Korea on Wednesday from Taiwan, where he has been stayin...

Park Jae-hyuk | 2022-08-23 15:03

Controversy continues over Yoon's plan for Korean space agency

Controversy continues over Yoon's plan for Korean space agency

Uncertainty is growing over the government's plan to establish a control tower agency overseeing the nation's space policies, after President Yoon Suk-yeol hinted at possible changes to the plan during last Wednesday's press conference held to mark his first 100 days in office. When the president said at the press conference that the government will establish a space agency e...

Park Jae-hyuk | 2022-08-22 08:37

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