Industry

  • HD Hyundai unveils model of AI-based unmanned surface vessel in partnership with Palantir
    HD Hyundai unveils model of AI-based unmanned surface vessel in partnership with Palantir SEOUL, May 10 (AJU PRESS) - HD Hyundai has unveiled a model of its artificial intelligence-based unmanned surface vessel (USV) for the first time at a U.S. AI industry fair. HD Hyundai is developing the advanced military vessel, Tenebris, jointly with Palantir, a U.S. big data company. The two companies showcased the USV model at the AI EXPO for National Competitiveness in Washington, D.C., held from Tuesday to Wednesday (local time). The 17-meter, 14-ton lightweight vessel is May 10, 2024
  • From niche market to game changer: Sugar-free craze sweeps Korean food industry
    From niche market to game changer: Sugar-free craze sweeps Korean food industry SEOUL, May 09 (AJU PRESS) – From fried chickens to rice cakes and even hangover cures, Korean food and beverage makers are jumping on the sugar-free bandwagon, transforming once a niche market into the industry’s game changer. Catering to a growing number of health-conscious consumers, the market witnessed an explosive growth in recent years. Experts predict further expansion as technological advancements enable a wider variety of low and no-sugar options while maintaini May 10, 2024
  • SK E&S constructs worlds largest liquified hydrogen plant
    SK E&S constructs world's largest liquified hydrogen plant SEOUL, May 09 (AJU PRESS) - SK E&S, the green energy arm of Korea's SK Group, has constructed the world's largest hydrogen liquefaction plant in the western port city of Incheon. The company held the dedication ceremony Wednesday for the plant with an annual capacity of 30,000 tons of liquid hydrogen, enough to fuel 5,000 hydrogen buses for a year. SK E&S said it has invested about 700 billion won ($511.7 million) in the construction between 2021 and 2023. Liquefi May 9, 2024
  • LIG Nex1 displays guided missiles at defense exhibition in Kuala Lumpur
    LIG Nex1 displays guided missiles at defense exhibition in Kuala Lumpur SEOUL, May 08 (AJU PRESS) - LIG Nex1 is displaying its mid-range surface-to-air missile defense system "Cheongung-II" at the Defence Services Asia (DSA), which kicked off on Monday for a four-day run in Kuala Lumpur, Malaysia. More than 1,200 companies from some 60 countries are participating in the defense exhibition hosted by the Malaysian government. The Cheongung-II, also known as M-SAM, features the function of intercepting ballistic missiles at an altitude of ab May 8, 2024
  • Korean oil refiners ramp up car wash business amid declining profit margins
    Korean oil refiners ramp up car wash business amid declining profit margins SEOUL, May 07 (AJU PRESS) – Major Korean oil refiners are expanding their presence in the market of automatic no-brush tunnel car washes as part of efforts to improve their bottom line as higher oil prices and operating costs are squeezing their profit margins. HD Hyundai Oil Bank signed a cooperation agreement with domestic unmanned no-brush car wash service operator Come In Wash last week to accelerate the distribution of an automated no-brush tunnel car wash system to its May 7, 2024
  • Harmful substances found in toys sold on Chinese e-commerce platforms
    Harmful substances found in toys sold on Chinese e-commerce platforms SEOUL, May 02 (AJU PRESS) - Seoul City has discovered excessive levels of harmful substances, including lead and banned chemicals, in children’s toys and stationery items sold on Chinese e-commerce platforms including Aliexpress, officials said Thursday. Korean law requires sellers and importers of children's products to obtain safety certification, imposing penalties for violating the rule. However, the law does not apply to products purchased directly from overseas onl May 2, 2024
  • LG Chem to share water purification technology with Saudi Arabia
    LG Chem to share water purification technology with Saudi Arabia SEOUL, May 01 (AJU PRESS) - Korean chemical company LG Chem will transfer its water purification technology, known as reverse osmosis, to Saudi Arabian conglomerate Alkhorayef Group, LG Chem said Wednesday. Reverse osmosis (RO) uses a semi-permeable membrane to extract salt and other impurities from water. Unlike traditional methods reliant on heat-induced evaporation, RO membranes filter water molecules without heat. LG Chem's RO membrane boasts a 99.89 percent salt removal rat May 1, 2024
  • Koreas Ramyeon exports hit record high in first quarter
    Korea's Ramyeon exports hit record high in first quarter SEOUL, April 30 (AJU PRESS) - Korea experienced a remarkable 30 percent increase in Ramyeon exports during the first quarter of 2024, reaching a record high for the period, according to data released on Tuesday. Demand for Korean noodle products was especially strong in the United States, followed by China, the Netherlands and Japan. This surge in popularity has been fueled over the past decade by Ramyeon's frequent exposure through K-pop songs, K-dramas, and K-films. This has April 30, 2024
  • Price of Korean seaweed skyrockets amid growing demand overseas
    Price of Korean seaweed skyrockets amid growing demand overseas SEOUL, April 29 (AJU PRESS) – The wholesale price of processed laver sheets jumped nearly 60 percent on year this month, as demand has grown overseas driven by the popularity of gimbap, or seaweed-wrapped rice, and other Korean foods. According to the state-run Korea Agro-Fisheries & Food Trade Corp., the wholesale price of 100 sheets of dried laver was 10,440 won ($7.5) on Friday, up 58 percent from 6,628 won a year ago. The average retail price for a sheet of seaweed a April 29, 2024
  • Dongwon F&B, Konkuk University join hands to develop safe pet food
    Dongwon F&B, Konkuk University join hands to develop safe pet food SEOUL, April 29 (AJU PRESS) - Dongwon F&B has signed an agreement with the veterinary medicine department of Konkuk University for the development of safe and reliable pet food, the Korean food company said Monday. Under the deal, the two sides will jointly research and develop food for dogs and cats and work together to ensure safety. "Amid growing consumer concerns about some pet foods, establishing this strategic partnership with Konkuk University's veterinary med April 29, 2024