GS Group’s corporate venture capital arm, GS Ventures, said Tuesday that it has successfully hosted Monday's GSV Tech Day at GS Tower, the conglomerate’s headquarters in southern Seoul. Initiated last September, GSV Tech Day provides a platform for startups within the venture capital unit's investment portfolio to exchange technology and cooperate. This year's event was themed on the future of batteries, featuring eight startups specializing in battery-related technolo

Hyundai Motor Company said Tuesday it is releasing its first original film “Night Fishing,” starring actor Son Suk-ku and featuring its top-selling electric vehicle the Ioniq 5, this Friday nationwide. The film, the carmaker’s first foray into cinema, is a humanistic thriller weaving mystery and twists against the backdrop of an EV charging station. Directed by Moon Byoung-gon, the first Korean to win the Short Film Palme d’Or at Cannes in 2013, this project marks his ret

South Korean mobile carrier SK Telecom has unveiled a new K-pop service for its metaverse platform, ifland, designed as an arena where K-pop idols and their global fans gather and communicate with one another. Starting Monday, ifland will offer a fan community service with hotel-style spaces enabling fans to meet different K-pop groups and solo artists on each floor. Its introduction page provides an overview of the hotel's floors, while an artist lounge where each K-pop idol can check in t

South Korean construction equipment maker Doosan Bobcat said Wednesday that it has recently completed the expansion of its production lines for mini excavators in Chennai, India. After nine months of construction, the 11,300-square-meter manufacturing facility has been added to the Chennai plant that was built in 2019. With plans for equipment installation and operational stabilization, the production lines are expected to become fully operational next year. Currently, the plant’s key prod

Hana Financial Group announced Tuesday that its mobile currency exchange service, Travlog, has surpassed over 5 million subscribers, with the total amount exchanged exceeding 1.9 trillion won ($1.39 billion). Launched in July 2022, Travlog is a digital service that allows users to exchange currency at any time without time constraints, eliminating the need for physical currency exchange during overseas travel. The service offers a range of benefits, including favorable exchange rates for 41 di

Korea Ginseng, a ginseng brand of Korean health product and cosmetics retailer DAV International, has introduced red ginseng products to combat exhaustion and weakened immunity due to recent temperature fluctuations. Red ginseng is renowned for its immune-boosting properties, particularly its antioxidant and blood flow benefits. These benefits are largely attributed to saponins, compounds found in ginseng that help defend against external factors such as viral infections. Specifically, ginsenosi

Hyundai Engineering & Construction has started sales of Hillstate Dujeong Station, a new residential apartment complex located in Cheonan, South Chungcheong Province. The complex comprises 11 buildings each 29 stories high, offering a total of 997 units. Scheduled for move-in in March next year, the apartments will be the first in the Dujeong-dong area to feature top-floor duplex penthouses. A total of 30 units with large duplex structures ranging from 148 to 170 square meters will be availa

SK Telecom said Wednesday the official launch and promotion of its artificial intelligence-based veterinary diagnostic service, X Caliber, in Australia. The company has been gearing up for global commercialization since partnering with Australia’s largest medical devices provider, ATX Medical Solutions, last year. The service, already used in South Korea, aims to streamline the diagnostic process in veterinary clinics by providing autonomous diagnostic assistance. This marks the first inte

SK Inc. C&C, an IT solutions unit of SK Group, said Tuesday that it inked a memorandum of understanding to jointly develop plant machines tailored for secondary battery manufacturing with Hana Technology, a local equipment maker, eyeing exports to North America and Europe. Hana’s key equipment will be supplied to be transformed by using SK’s digital factory operation know-how and other advanced technologies like artificial intelligence and big data. The machines will be capable o

Innocean, the global marketing and communications arm of Hyundai Motor Group, said Monday that it invited a group of foreign executives working at its global operations to attend the Discovery 2024 leadership program held in Seoul last week. A total of 26 executives from 18 countries, including the US, Canada, Germany, the UK, Australia, India and Thailand, participated in the five-day program that allows them to experience Korean corporate culture and share keen insights. After five years of pa

Posco has harnessed its cutting-edge steel technology in the delicate task of South Korean cultural heritage restoration, transforming conventional sites in Seoul into vibrant spaces of public art and relaxation. At the heart of this project is PosART, or Posco Advanced Resolution printing Technology. It is an innovative steel sheet developed from PosMAC, or Posco Magnesium Alloy Coating Product, Posco’s proprietary corrosion-resistant steel. PosART also boasts the ability to render vivi

LG AI Research, LG Group’s artificial intelligence think tank, said Wednesday that it has inked a strategic partnership with UNESCO to develop an education course on AI ethics. The partnership, signed on the sidelines of this week’s AI Seoul Summit, LG and UNCESO agreed to convene an advisory group of international experts within the year. The education course is slated to be launched by the end of 2025, and LG said some progress could be shared at the AI Action Summit in Paris next

As the domestic capsule coffee reaches an annual market size of 400 billion won ($293 million), South Korean food and beverage manufacturer Dongsuh Foods aims to attract more consumers through its brand, Kanu Barista. Launched in February last year, Kanu Barista is a premium capsule coffee brand that contains 9.5 grams of coffee beans, which is 1.7 times more than conventional espresso capsules, delivering a richer flavor. The brand offers a diverse selection of 11 capsule types, including light

Korea Water Resources Corp., or K-water, said Tuesday that it presented three "super gap" technologies the agency has developed to tackle water issues at the 10th World Water Forum in Bali, Indonesia. The technologies include digital twin technology for water management, AI-based water purification plants, and a smart water network management system. Recognized for their potential to tackle the unpredictable and unprecedented climate crisis, they were featured in a special session at

Korea Water Resources Corp. or K-water, CEO Yun Seog-dae recently attended a UN meeting to share the state-run agency’s technological know-how to tackle the water crisis. According to the agency on Monday, Yun delivered a keynote speech at the UN’s High-level Experts and Leaders Panel on Water and Disaster (HELP) held in Bali, Indonesia, on Sunday. HELP, convened in 2007, aims to discuss ways to bolster readiness for water-related disasters. In his speech, Yun presented the agency&rs

HD Hyundai Chairman Kwon Oh-gap has been bestowed an honorary doctorate in business from Hankuk University of Foreign Studies, the company said Sunday. HUFS conferred Kwon, an alumnus, for his contributions to the national economy by securing firm’s competitiveness, fulfilling social responsibilities, and fostering a culture of sharing. Joining the firm in 1978, Kwon has led the shipbuilding giant to become a technology-driven, globally competitive heavy industry leader. As the shipbuildin

South Korean stem cell research company Miracell said Thursday that it showcased its stem cell extraction system, Smart M-Cell, at the recent 21st ESSKA congress held in Milan. The biennial European Society for Sports Traumatology, Knee Surgery, and Arthroscopy congress brings together worldwide orthopedic surgeons, clinicians and scientists to discuss the latest advancements in sports medicine, joint diseases and surgery. This year’s conference, held May 8-10, featured over 130 educationa

SK Telecom said Monday that their proposal for standardizing industry-wide technologies for AI data centers has recently been approved as a new research project by a UN telecom agency. The ITU-T, a division of the UN-affiliated International Telecommunication Union, is responsible for studying and establishing electrical and telecom standards, with over 900 entities from around 190 member countries joining. "The ITU-T's endorsement of our new standardization project not only underscore

The Korea Software Industry Association said Sunday it has signed a memorandum of understanding with Saudi Aramco, the kingdom’s oil giant, to bolster ties on digital innovation. The KOSA, representing over 14,000 member companies specializing in digital tech, will support Aramco’s push for artificial intelligence and other digital economies. They also plan to work together to extend their global network and secure funding. The MOU signing event was held Thursday in Goyang, Gyeonggi

Korean shipbuilding giant HD Hyundai said Thursday that it has unveiled a prototype for its upcoming uncrewed surface vessel Tenebris at this week’s AI Expo for National Competitiveness in Washington, DC. The recent unveiling, a collaboration with US tech firm Palantir Technologies, comes after the two firms signed a memorandum of understanding in April to jointly develop an USV by 2026. Named after the Latin word for darkness, Tenebris is designed for reconnaissance missions in enemy prox