GI Innovation partners with US tech company Medidata to develop AI-based immuno-oncology pipeline

SEOUL -- South Korea's pharmaceutical company GI Innovation will work with Medidata Solutions, a New York-based clinical trial data solution provider, to accelerate the clinical development of its immunotherapy agents -- GI-101 and GI-102. Medidata's artificial intelligence and big data would be used for the two immuno-oncology candidate substances. GI-101 is a dual fusion protein that combines functions of CD80 and IL-2, proteins that play crucial roles in the immune syste

September 5, 2023

Seoul to operate 199-seater commuter water bus on Han River in 2024

SEOUL -- A water bus that can carry 199 passengers and cross the river will start its operation in 2024 on the Han River that flows through Seoul. The capital city will improve various problems found in its water taxi service which is barely used by commuters. Seoul said the water taxis have been shunned by Seoulites due to the lack of infrastructure that enables passengers to transfer to ground transportation such as buses. In October 2007, Seoul launched the river taxi service on t

September 5, 2023

S. Korean President Yoon to visit Indonesia for ASEAN summit meetings

SEOUL -- South Korean President Yoon Suk-yeol will embark on a six-day journey to Indonesia to attend the ASEAN summit meetings and visit India for a summit meeting with Indian Prime Minister Narendra Modi. Indonesian President Joko Widodo invited President Yoon to attend a summit meeting. President Yoon will attend a set of meetings including South Korea-ASEAN summit meetings and the South Korea-China-Japan trilateral summit meeting as well as a gala luncheon session hosted by the Ind

September 5, 2023

LG Magna e-Powertrain to construct EV parts plant in Hungary by 2025

SEOUL -- LG Magna e-Powertrain, a joint venture between Canada's mobility technology company Magna International and South Korea's LG Electronics, will build a plant in Europe to produce electric vehicle components such as electric motors. The company's first European factory will be built in Hungary's industrial city "Miskolc" by 2025. The EV parts plant will be set up in Miskolc in northwestern Hungary, LG Magna e-Powertrain, said on September 4. The 26,000-s

September 4, 2023

​Stray Kids achieves second highest album sales in US

SEOUL -- Boy band Stray Kids ranked second in album sales in the United States, with Taylor Swift topping the sales. The eight-member band has gained explosive popularity through "5-Star," an album released in June 2023, and Maxidient, an album rolled out in October 2022. Through 5-Star, the group topped Billboard's top 200 popular albums chart in June this year. The music video of S-Class, the album's title track featuring hip-hop elements, has gained more than 11

September 4, 2023

S. Korea and French company L'Oreal kick-start incubation program for 'beauty tech' startups

SEOUL -- South Korea and French personal care company L'Oreal have kick-started an incubation program for South Korean startups that specialize in "beauty tech" products. The project is part of a partnership between South Korea's startup industry and the French beauty product company that was forged in June 2023. Beauty tech refers to skin care technology that incorporates artificial intelligence-based devices and solutions that analyze and provide appropriate care

September 4, 2023

S. Korea to offer visa and duty-free benefits to attract more Chinese tourists

SEOUL -- South Korea will try to attract more Chinese tourists by exempting the fee for the application of the electronic travel visa and simplifying the process for duty-free tax refund processes. The country will also seek to upgrade its tourism environment by preventing over-competition by travel agencies and sales of overly budget travel programs. Before Beijing imposed a travel ban on South Korea as part of retaliatory steps over the installment of an advanced American missile

September 4, 2023

SK ecoplant joins project to build wind power facilities in Canada

SEOUL -- A consortium that involves SK ecoplant, an environmental and energy solution provider affiliated with South Korea's SK Group, has secured a 1,077.91 square-kilometer-wide land in eastern Canada to build wind power facilities. Along with Canadian renewable energy provider World Energy GH2, SK ecoplant aims to generate carbon-free green hydrogen by breaking down water with electricity produced by wind generators and deliver it to other continents including Europe after convertin

September 4, 2023

S. Korea to inject $109 mln to boost seafood industry amid fears of radioactive waters from Japan

SEOUL -- South Korea will inject a total of 144 billion won ($104 million) in a bid to stimulate the consumption of seafood after the industry was frozen due to Japan discharging contaminated water including radioactive materials such as tritium from the Fukushima nuclear power plant, the world's worst nuclear disaster site since the Chernobyl nuclear disaster in 1996, into the Pacific Ocean. Despite South Korea's seafood market entering one of its busiest seasons at the end of

September 1, 2023

Exports of S. Korean instant noodles Ramyeon surpass $520 mln in 2023

SEOUL -- Exports of South Korean instant noodles known as Ramyeon soared 17.7 percent year-on-year to a record high of $522 million during the first seven months of 2023, state data showed. The instant noodles, featured in many South Korean movies including the Oscar-winning film "Parasite" and live streaming content, have created a global phenomenon, with consumers uploading themselves eating hot noodles onto YouTube. According to data provided by the Korea Agro-Fisherie

September 1, 2023