Business
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LS Eco Energy to supply ultra-high-voltage cables to Danish energy firm
SEOUL, April 17 (AJU PRESS) - LS Eco Energy, a Korean power cable maker, said Wednesday it has signed a contract to supply extra-high voltage cables to a public energy company in Denmark. The $30.51 million deal involves LS Eco Energy providing ultra-high-capacity cables to Energinet for three years. The product is in high demand in Denmark driven by construction projects for offshore wind farms and underground power transmission lines, according to the Korean company. Over
April 17, 2024 -
Hyundai Mobis to demonstrate urban operation of level 4 fully autonomous vehicles
SEOUL, April 16 (AJU PRESS) - Korea's leading car parts manufacturer, Hyundai Mobis, is set to kick-start a demonstration of level 4 fully autonomous vehicles designed to operate without human drivers. The test drive, scheduled for late April, will cover a distance of 60 kilometers (37 miles) along a route in the bustling western port city of Incheon. Distinguished from level 1, 2, and 3 autonomous vehicles, which require human drivers, level 4 self-driving cars can autonomous
April 16, 2024 -
Korean SMEs showcase consumer goods at trade fair in Guangzhou
SEOUL, April 16 (AJU PRESS) - More than a dozen Korean small and medium-sized enterprises (SMEs) are participating in a biannual expo in Guangzhou which began on Monday. The so-called "China Import and Export Fair," is one of the largest business fairs in China. The Korea Trade-Investment Promotion Agency (KOTRA) set up a joint booth for Korean SMEs. Exhibitiors are displaying various consumer goods, including home appliances and electronic products. The biannual t
April 16, 2024 -
Unused spaces being converted into solar power facilities
SEOUL, April 16 (AJU PRESS) - HD Hyundai Energy Solutions, the solar power subsidiary of HD Hyundai, has installed rooftop solar panels on facilities owned by food company CJ CheilJedang. This move comes in response to the growing demand from businesses aiming to achieve carbon neutrality. The energy solutions firm plans to further expand its solar initiatives by utilizing previously unused spaces. Across South Korea, companies are increasingly embracing the use of idle areas like
April 16, 2024 -
LS Materials develops ultra-high voltage regulator system
SEOUL, April 15 (AJU PRESS) - LS Materials, a subsidiary of South Korea's LS Group specializing in ultra-capacitors, has developed a static synchronous compensator (STATCOM), an advanced voltage regulator, for the first time in the nation. The company on Monday announced the localization of the device used to ensure power supply stability by controlling fluctuations in voltage and frequency within large-capacity power grids. Previously, the system had only been produced by Ger
April 15, 2024 -
S. Korean food giant CJ CheilJedang starts kimchi production in Australia
SEOUL, April 15 (AJU PRESS) - CJ CheilJedang has begun producing kimchi in Australia using indigenous ingredients seeking to cater to local consumers' tastes, the South Korean food giant said Monday. Australia is the fifth largest overseas market for Korean-made kimchi, importing $6.01 million worth of the traditional fermented vegetable dish from the Asian country in 2023. CJ CheilJedang, which has supplied Australia with kimchi produced in South Korea, began production th
April 15, 2024 -
LG Energy Solution will use generative AI to boost work performance
SEOUL, April 15 (AJU PRESS) - LG Energy Solution, the battery-making arm of South Korea's LG Group, will implement generative artificial intelligence-based technologies to improve work efficiency. The company intends to utilize this AI solution to analyze customer demands. The company said Sunday it adopted a generative AI solution that analyzes YouTube video clips and summarizes the latest trends in batteries, electric vehicle-related policies, and other work-related trends.
April 15, 2024 -
'Robot Chef' to offer noodle soups at expressway service areas
SEOUL, April 12 (AJU PRESS) - South Korean food company Pulmuone has introduced unmanned robot chefs at five expressway service areas, offering travelers around-the-clock noodle soup menus. Pulmuone's "Robot Chef," an autonomous cooking system, has been deployed to five expressway service areas managed by its food service subsidiary, Pulmuone Food & Culture, offering a selection of five noodle soup menus. Customers can place orders using a 27-inch touchscreen, an
April 12, 2024 -
Ecommerce giant Qoo10 to help nurture Korean start-ups
SEOUL, April 11 (AJU PRESS) - Singapore-based ecommerce service operator Qoo10 has partnered with South Korea's Ministry of SMEs and Startups to assist small business operators here in attracting foreign customers through the online shopping platform. Qoo10's annual sales surpassed one trillion won ($73.1 billion) in 2016 thanks to its popularity in Southeast Asian countries, Japan, and South Korea. The online shopping platform was jointly founded by South Korean online sh
April 11, 2024 -
LS Cable & Systems starts shipment of ultra-high-voltage cables to Denmark
SEOUL, April 11 (AJU PRESS) - LS Eco Energy, the ultra-high-voltage power cable subsidiary of South Korea's major power cable maker LS Cable & Systems, has started the shipment of power cables to Denmark. The power cables will be used for the construction of electricity infrastructure that connects the Danish mainland and an offshore wind farm. The power cable company was established in 1996 as an LS Cable subsidiary targeting the Asian power cable market. The company is n
April 11, 2024
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Hyundai Elevator developing vertical airport for urban air mobility
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Korean parents with infant have only 2.7 hours of daily free time, survey finds
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PHOTOS: Seoul Forest offers respite from urban bustle
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Visang Education showcases AI-based Korean learning platforms in Tokyo
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New transit cards offer better transport access for foreign nationals in Korea
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More halal restaurants, prayer rooms will be set up in Seoul for Muslim tourists
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PHOTOS: Rose festival to begin in Seoul, Saturday
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Korea toughens stance against Japanese pressure on Naver
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PHOTOS: Medical care stalled in doctor-government dispute
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Mid-sized companies seek government support amid trade challenges