South Korea presses for currency swap with US as $350 billion deal hangs in balance

SEOUL, September 24 (AJP) - South Korea’s negotiations with the Trump administration over a $350 billion investment package remain unresolved, casting uncertainty over the country’s trade relationship with Washington and fueling worries about foreign exchange stability. The deal, first outlined in July, envisioned lowering mutual tariffs from 25 percent to 15 percent, with Seoul channeling $350 billion into U.S. projects — including $150 billion for a shi

September 24, 2025

Seoul's AI initiative gains BlackRock support

SEOUL, September 23 (AJP) - South Korea is making strides in the race for artificial intelligence (AI) supremacy as it brings on U.S. funding to back its initiative to become the Asia-Pacific hub of the big data economy. Korea's Ministry of Science and ICT signed a memorandum of understanding with BlackRock on a global partnership in the AI industry on the sidelines of President Lee Jae Myung's meeting with BlackRock CEO Larry Fink in New York on Monday (local time). The

September 23, 2025

KAIST combines AI and light-based brain control to fight Parkinson's disease

SEOUL, September 22 (AJP) - The Korea Advanced Institute of Science & Technology (KAIST) has announced a new way to detect and treat Parkinson's disease earlier, using artificial intelligence and light to study and control brain signals. The work was led by Professor Heo Won-do of KAIST's Department of Biological Sciences. Professor Kim Dae-soo of KAIST’s Department of Brain and Cognitive Sciences and Director Lee Chang-joon of the Institute for Basic Science (IB

September 22, 2025

KAIST develops AI to predict dangerous crowd surges more accurately

SEOUL, September 17 (AJP) - The Korea Advanced Institute of Science & Technology (KAIST) has developed an artificial intelligence system that can predict when and where dangerous crowd crushes may occur, raising hopes for preventing disasters such as the Itaewon tragedy that occurred in 2022. The research, announced on September 17, was led by Professor Lee Jae-gil of KAIST's School of Computing. The study also involved contributions from Professor Yoon Soo-sik of Korea Un

September 17, 2025

SK Innovation targets global market with battery recycling tech

SK Innovation is set to enter the global battery recycling market with its proprietary Battery Metal Recycling (BMR) technology. The company announced on Wednesday that it signed a memorandum of understanding (MOU) with U.S. engineering firm KBR at the Fastmarkets Conference in Portugal. Under the agreement, KBR will combine its crystallization technology with SK Innovation's BMR technology for global sales, generating royalty revenue for SK Innovation. KBR, with about 34

September 17, 2025

[K-Tech] South Korean food technology company bets on chocolate without cocoa

SEOUL, September 15 (AJP) - On a recent afternoon, oval-shaped chocolate balls sat neatly on a platter at HN Novatech's research center. Their glossy shells promised indulgence, and the first bite delivered a familiar rush: creamy tartness followed by a flood of chocolate flavor. What the confection lacked was the very ingredient that defines chocolate. Instead of cacao, the morsels were made largely from plants like perilla seeds, almonds and coconuts — engineered to mimi

September 15, 2025

Shadow device attack adds to Korea's cybersecurity scare

SEOUL, September 11 (AJP) - South Korea, an ICT powerhouse, is again confronting the perils of ever-evolving cyber threats, with the latest breach involving what appeared to be a benign device designed to boost mobile coverage. KT Corp., one of the nation's major wireless carriers, estimates losses of around 170 million won ($122,305) after unauthorized micro-payments were routed through rogue micro base stations. Reports of fraudulent transactions surfaced on Aug. 26, with a

September 11, 2025

Hyundai Motor unveils compact electric concept car

SEOUL, September 09 (AJP) - Hyundai Motor Company introduced its first compact electric vehicle concept under its Ioniq brand on Tuesday, signaling the automaker’s move into smaller car segments as it broadens its electric lineup. The vehicle, called the “Concept Three,” debuted at the IAA Mobility 2025 show in Munich, Europe’s largest auto fair. It marks Hyundai’s entry into the compact electric market, following the rollout of mid-size and large EVs i

September 9, 2025

KAIST uses quantum computing to design porous materials like LEGO blocks

SEOUL, September 09 (AJP) - The Korea Advanced Institute of Science & Technology (KAIST) has become the first in the world to apply quantum computing to the design of multivariate porous materials (MTVs), opening the door to new catalysts, membranes, and energy storage materials. MTVs are materials made of molecular building blocks that can be combined in different ways, much like LEGO pieces, to create tailor-made structures. They have potential uses in gas capture, selective

September 9, 2025

KAIST develops new database technology that could make AI agents much smarter

SEOUL, September 08 (AJP) - The Korea Advanced Institute of Science & Technology (KAIST) has developed a new database system that brings together two types of databases, relational and graph, into a single, more powerful platform, the prestigious institute said Monday. The technology, called "Chimera," is expected to help create AI agents that can think more like humans by understanding not just simple facts but also complex connections between them. Relational databas

September 8, 2025