South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering, a subsidiary of HD Hyundai, announced that it has signed a 45 million euro ($47 million) investment deal with an Estonia-based fuel cell manufacturer, Elcogen AS. The signing ceremony was held in Seoul on Wednesday, with top executives, including HD Hyundai’s President Chung Ki-sun and Elcogen CEO Enn Ounpuu and Estonian President Alar Karis in attendance. The central objective of this investment is to upgrade HD Ko

Information technology service provider LG CNS said Thursday that it has launched a generative artificial intelligence-based platform called Data Analytics & AI Platform Generative AI, or DAP GenAI, for its corporate clients. According to LG CNS, the new platform integrates the latest cutting-edge AI-based technologies including prompt engineering and large language model operations (LLMOps). It can be used upon installation on existing infrastructure, such as a company’s private serve

Samsung SDI said Thursday it is poised to set up a second electric vehicle battery manufacturing plant with Stellantis in the US state of Indiana. The production facility will be built by StarPlus Energy, a joint venture of Samsung SDI and Stellantis in the city of Kokomo, next to the JV’s first plant under construction within the region. The first and second StarPlus Energy Kokomo Gigafactory plants will start operation in the first quarter of 2025 and early 2027 for 33 GWh and 34 GWh cap

More than 400 attendees gather to discuss philosophical, practical views on space exploration

The space economy is expanding and becoming increasingly global, and South Korea is leaping forward as a space powerhouse, a high-ranking official at the Korea Aerospace Research Institute said at the 2023 Korea Herald Humanity In Tech, or HIT Forum, held at The Shilla Seoul on Wednesday. With innovative technologies and massive investment, both governments and companies around the globe have secured space assets because they can directly impact the state’s survival in terms of security, a

Hundreds of students and industry insiders gathered at the 2023 Korea Herald Humanity In Tech Forum held at the Shilla Seoul to discuss the future of space exploration and its impact on humanity. “My hobby is to write science fiction novels. I was inspired by the talks given by the speakers, especially the part where Yi Soyeon said, ‘Earth is the cradle of humanity, but one cannot live in a cradle forever,’ quoting the Russian rocket scientist Konstatin Tsiolkovsky,” said

Korean science fiction writer Bae Myung-hoon on Wednesday emphasized the importance of bridging the gap between our familiar neighborhoods and space in order to craft compelling space exploration narratives in a Korean setting. He explained that this is difficult, because creators' cognitive range -- the space that creators are familiar with and can describe well -- is limited usually to their surroundings. Korean content consumers also often struggle to simultaneously envision both space

Innospace, the South Korean small satellite and hybrid rocket startup, laid out Wednesday the strides being made in small satellite technology and emphasized the growing role of Innospace in this domain. "The old space era, dominated by large institutions and national objectives, contrasts sharply with the current landscape. Today, startups and medium-sized ventures with market-driven objectives are shaping the 'New Space Era'. Innospace is at the forefront of this shift," sa

Choi Se-yeong, a student at Gimhae Bunsung High School, delivered congratulatory remarks for The Korea Herald’s Humanity in Tech Forum as a representative of future scientists moving forward for the nation’s space industry. “I would like to first express my heartfelt gratitude for giving such an exceptional opportunity to speak at this huge forum,” said Choi at The Shilla Seoul on Wednesday. As part of an experiment last month, students at Aircraft -- an aerospace enginee

Korea’s only astronaut, Yi Soyeon, delivered a keynote speech Wednesday at The Korea Herald's Humanity In Tech or HIT Forum, discussing her space journey and how it has broadened her perspective on humanity. “Since I went to space in April 2008, Korea has witnessed great advancements and unprecedented interest in the space sector, making it timely for me to share my experience,” said Yi before some 400 attendees of the HIT Forum at The Shilla Seoul. This year, Yi also pu

Sasha Sagan, daughter of Carl Sagan, and Yi Soyeon, S. Korea’s only astronaut, underline importance of humanity’s responsibility in space exploration

Sasha Sagan, renowned author and daughter of the late American astronomer and cosmologist Carl Sagan, delivered the keynote speech for The 2023 Korea Herald Humanity In Tech on Wednesday, highlighting the need to tolerate ambiguity in rapidly changing times. "Thank you so much to everyone at the Korea Herald for inviting me here today. I have always wanted to visit Seoul and I am truly delighted to be here," said Sagan during the forum, held at The Shilla Seoul. Sagan pointed out durin

Samsung Electronics predicted Wednesday that its operating profits in the July-September period would recover to exceed 2 trillion won ($1.5 billion) after months of efforts to elevate profitability amid memory chip slump. Samsung's third-quarter operating profits is estimated to hit 2.4 trillion won, a 77.9 percent plunge from a year ago, according to the company’s earnings guidance. The figure exceeded the 2.2 trillion won consensus by local analysts provided by market intelligence

Hanwha Aerospace said Wednesday it plans to become a total services provider for outer space, ranging from space-based internet, future air mobility and cosmic data analysis platform. “Although the space sector is considered a high-risk business, it is a key infrastructure for sustainable growth of our future generation. With the combination of big data and artificial intelligence, the space economy is witnessing exponential growth,” said Lee Joon-won, senior vice president at Hanw

Science and ICT Minister Lee Jong-ho on Wednesday made congratulatory remarks for The Korea Herald’s Humanity in Tech Forum, vowing to take the lead in ushering in Korea’s new space economy. “I give my sincere congratulations for The Korea Herald’s HIT Forum that discusses ‘space’ as its first topic for sharing vision on science and technology innovation,” said Lee in a pre-recorded video played during the forum held at the Shilla Seoul. “It is a t