LG Innotek said Wednesday it has developed a new flexible three-dimensional lighting module for vehicles. Dubbed "Nexlide-M," the product boasts brighter, clearer and more uniform light emission, making it more visible in daylight, the company said. "The Nexlide-M is the whole package -- it has excellent functions and beautiful design," said Yoo In-soo, head of LG Innotek's Motor and Lighting business. In particular, it is able to emit clearer light while with minimal nu

Posco International and LX International said Wednesday that they have teamed up to complete a new massive LNG terminal in Dangjin, South Chungcheong Province, by 2027. The two companies signed an agreement the same day with the city and provincial governments to expedite the project. The Dangjin LNG Terminal will be located on a 193,000-square-meter site at a port in the city of Dangjin. The size is equivalent to about 27 soccer fields. The terminal will consist of two 270,000-kiloliter storage

Mathias Vaitl, head of Mercedes Me, digital service business and e-commerce, to lead German automaker's Korean office

SK Networks' US investment subsidiary, Hico Capital, announced Wednesday that it will pursue a partnership with global venture capital firm Bow Capital as part of efforts to nurture promising startups and bet on their growth potential. The latest partnership comes after their top executives, including SK Networks President and Chief Operating Officer Choi Sung-hwan and Bow Capital Chairman Vivek Ranadive, held a meeting in Silicon Valley on Tuesday (local time). During the meeting, the two

The American Chamber of Commerce in Korea hosted the AmCham ESG Seminar 2023 on Wednesday to provided a platform for attendees to discuss the latest trends and best practices related to environmental, social and governance issues. "In light of AmCham's mission to establish Korea as a regional headquarters in the Asia Pacific, we recognize the immense potential of ESG in driving innovation and value creation for Korea," AmCham CEO James Kim said during the seminar held at the Four

Hyundai Rotem, a railway, defense and plant systems provider under Hyundai Motor Group, is speeding up the commercial debut of the nation’s first hydrogen-powered electric tram, with a test drive set to be carried out in the coming months. According to the Ministry of Trade, Industry and Energy on Wednesday, the company’s upcoming tram, equipped with hydrogen fuel cells, is expected to drive a total of 25,000 kilometers on two railway test tracks in Osong, North Chungcheong Provinc

Merck said Wednesday it introduced new barrier materials that offer superior flexibility, higher reliability and longer lifespan in flexible OLED devices, when compared to existing solutions. Fully flexible OLED displays utilized in foldable, rollable and stretchable devices require a reduction of about 60 percent of the display module’s thickness when compared to standard displays. But because OLEDs are highly susceptible to degradation by moisture and oxygen, an encapsulation or barrier

The mobile webpage of Naver, South Korea’s largest online portal, suffered a brief service disruption early Wednesday after North Korea launched what it called a military reconnaissance satellite. According to Naver, its the server went down for about five minutes, from 6:43 a.m. to 6:48 a.m. due to high traffic, soon after the Seoul Metropolitan Government issued an emergency alert text message urging people to prepare for evacuation at 6:41 a.m. The message said the city government had i

Finding a right local partner, enhancing brand awareness in overseas markets remain as crucial tasks

SEJONG -- South Korea's customs agency said Wednesday it has apprehended a group of five people who had exported an industrial product suspected of infringing a patent owned by the leading steelmaker Posco. The Korea Customs Service said it has forwarded the suspects to prosecutors for shipping four units of "air knife," which were produced by allegedly stealing Posco's patented technology, to an undisclosed nation from 2020 to 2021. An air knife is a device that sprays gas o

South Korean health care company Boryung has launched a global space initiative to advance human activities in space with industry-leading partners, the company said Tuesday. Boryung has joined hands with Axiom Space, a US commercial space station developer, and the Space Exploration Initiative, a research institute at the Massachusetts Institute of Technology, for the Humans in Space program. The HIS program marks the second global-scale space project for Boryung, after the South Korean health

South Korea’s privacy watchdog is gearing up to post new guidelines next month mandating user consent for personalized online ads hosted by advertisers in Korea. Under the proposed regulation, currently being drafted by the Personal Information Protection Commission, users would be obliged to opt in or out of personalized ads each time they navigate a new online page, regardless of login and membership status. “Although such a guideline is being drafted, the details are not confirmed

SK Bioscience announced on Tuesday that its COVID-19 vaccine SKYCovione received approval from the UK Medicines and Healthcare products Regulatory Agency. SKYCovione has been approved for first and second primary series doses for adults aged 18 and over in England, Scotland and Wales, SK Bioscience added. SKYCovione is a recombinant antigen-based COVID-19 vaccine, jointly developed with the Institute for Protein Design at the University of Washington. The vaccine also contains GlaxoSmithKline&rs

South Korea's semiconductor industry, which has been experiencing repeated downturns since August last year, is expected to revive in the latter half of the year, a Korean trade lobby group said on Tuesday. “I anticipate that our semiconductor industry will recover, reaching the level of the second quarter of last year by the fourth quarter. I expect that production cutbacks will be reversed and the overall economy will improve, particularly with the reopening of China playing a signi

Chinese propaganda media urges Korean chipmakers to fill up gap of US chipmaker