Company’s wearable robot could be used for industrial, medical purposes

South Korea’s leading cosmetics company Amorepacific is holding an outdoor public exhibition on Jeju Island until Oct. 14, featuring natural aspects of Jeju, like its volcanic topography. The poster for “apmap 2018 jeju -- volcanic island” hosted by Amorepacific (Amorepacific)Titled “apmap 2018 jeju -- volcanic island,” the exhibition is part of the company’s “amorepacific museum of art project (apmap),” which portrays the natural vitality of Jeju through contemporary artworks. A total of 15 you

Many questioned the safety of personal mobility devices when the millionaire owner of the Segway company, Jimi Heselden, died after losing control of his Segway on a cliff in 2010. Despite the benefits of using devices like Segway -- a two-wheeled, battery-powered personal transportation device – hoverboards and electric scooters, allowing personal mobility devices, or PMDs, in public areas is being heatedly discussed here, with the related law pending. Segway's personal mobility device Ninebot 

Daegu Exhibition & Convention Center (Exco) aims to host more exhibitions in the second half of the year in preparation for the expansion of its exhibition hall in 2020, according to the Exco chief. “We will increase the operating rate of exhibition halls and foster related professionals in response to the expansion of exhibition halls in 2020,” said Kim Sang-wook, chief of Exco, in an interview with The Korea Herald.By December 2020, Exco will offer 30,000 square meters of exhibition space on t

Posco, South Korea’s leading steelmaker, is accepting applications for the fourth round of its free online and offline education on artificial intelligence, big data and the internet of things for job seekers, the company said Thursday.The program comes as part of the company’s efforts at outreach in creating social value, presented among Posco Chairman Choi Jeong-woo’s “With Posco” vision introduced last month.The program on AI, big data and IoT was put together with Pohang University of Scienc

Here’s a suggestion for excitement seekers and adventurers looking for an activity to relish the last days of the scorching summer before bringing on the fall: go-kart racing.The go-kart racing experience center located at Songpa Tancheon parking lot, near Jamsil Sports Complex in eastern Seoul, is the place to go for drivers of all ages, literally, as it does not require a driver’s license to hop on the mini race cars.The degree of competition and thrill behind the wheel are second only to Form

The number of foreigners who visited South Korea spiked 24.4 percent in July from a year earlier on eased inter-Korean tensions and more tourists from China, South Korea's tourism promotion agency said Thursday.A total of 1.25 million foreigners visited South Korea last month, up from 1 million tallied the same month a year earlier, according to the Korea Tourism Organization.(Yonhap)The number of Chinese tourists shot up 45.9 percent on-year in July due to a base effect. In March last year, Chi

Company aims to be No. 1 music platform business, attracting 5 million subscribers by 2022

Hyundai Heavy Industries Group said Wednesday it has completed the transition to a holding company structure through a stake sale and mergers among its affiliates, a move aimed at improving its governance.The world's largest shipbuilder by sales has pushed for the holding company structure since 2016 in line with the government's guidelines that encourage local conglomerates to strive for corporate transparency and competitiveness. (Yonhap)"We have considered a variety of options ... amid unfavo

Kia Motors Corp., South Korea's second-largest carmaker, said Wednesday that it has tentatively reached a wage deal for this year.Under the deal, the carmaker offered to raise workers' basic monthly wage by 45,000 won ($40) and provide bonuses worth 250 percent of basic pay plus 2.8 million won in extra compensation. (Herald DB)Kia Motors' 28,800-strong union is set to vote Monday on whether to accept the tentative agreement.The maker of the K5 sedan and the Soul boxcar sold 1.62 million cars in

Major Korean oil refiner S-Oil will invest some 5 trillion won ($4.47 billion) through 2023 in its phase II petrochemical project for which it is conducting a feasibility study on building a mixed feed cracker, the company said Wednesday.The investment is part of the company’s goal to become a leading energy and chemical company under its “Vision 2025.”The steam cracker will produce 1.5 million tons of ethylene annually and basic petrochemicals using naphtha, giving the company a competitive adv

Hyundai Mobis, an auto parts supplier, has inked an investment deal worth 8 billion won ($7.1 million) with the Korean startup StradVision, which develops deep learning-based object detection and recognition technology, the company said Wednesday.The latest move comes as the company has vowed to develop sensors required for self-driving, such as lidar and radar, by 2020. StradVision was established in 2014 by graduates of the Pohang University of Science and Technology. It owns deep learning-bas

Lotte, CJ seek intragroup mergers; Hyundai’s plan on hold upon shareholders’ opposition

A self-driving truck by Hyundai Motor completed a 40-kilometer highway drive south of Seoul, in the first successful test-run of an autonomous truck here, the company said Wednesday.The 40-ton Xcient, linked with a trailer, was operated with level 3 of autonomy at a maximum speed of 90 kph. The company applied differentiated sensing technology and a control system by attaching 10 sensors including three cameras, two radars and three lidar sets on the front.  A self-driving truck is tested with a

Boycotts are a powerful tool against corporate misdeeds, experts say, but a clear purpose is the key to a strong impact