Hyundai Mobis steps up efforts to develop sustainable automotive materials

SEOUL, August 27 (AJP) - Korean auto parts maker Hyundai Mobis Co., a key supplier to Hyundai Motor Group, is ramping up efforts to develop sustainable and innovative materials for mobility applications, the company announced on Tuesday. The firm is focusing on three key strategies: creating sustainable materials to meet global environmental regulations, developing innovative materials to lead the mobility sector, and implementing digital material technologies for virtual verificati

August 27, 2024

80% of Korean Gen Z workers turn to AI as primary work resource: study

SEOUL, August 27 (AJU PRESS) - A recent study found 80 percent of South Korean Generation Z workers use artificial intelligence as their primary resource for work challenges. This figure is 19 to 25 percentage points higher than in the United States, United Kingdom, Germany, and France. The "2024 AI-Preneur Effect" study, conducted by Samsung Electronics across the five countries, also found that 80 percent of South Korean Gen Z workers believe AI can improve work metho

August 27, 2024

Yuhan's Leclaza becomes first Korean-developed cancer drug to receive U.S. FDA approval

SEOUL, August 21 (AJU PRESS) - Yuhan Corp.'s lung cancer treatment has been authorized by the U.S. Food and Drug Administration (FDA), the Korean pharmaceutical company said on Tuesday. The combination therapy of Yuhan Corp.'s Leclaza and Johnson & Johnson's Rybrevant has been approved for the first-line treatment of adults with locally advanced or metastatic non-small cell lung cancer (NSCLC) whose tumors have epidermal growth factor receptor (EGFR) exon 19 deletion

August 21, 2024

Researchers develop portable water harvester from air moisture

SEOUL, August 20 (AJU PRESS) - Korean researchers have developed a portable system that produces drinking water by collecting moisture from the air, potentially addressing global water scarcity issues. The device, created by a team at the Korea Institute of Machinery & Materials (KIMM), utilizes a proprietary moisture collection system that operates through a cycle of adsorption, desorption, condensation and sterilization, the institute said Tuesday. It is twice as energy ef

August 20, 2024

Korea's first military spy satellite approved for full-fledged operation

SEOUL, August 14 (AJU PRESS) - South Korea's first indigenous military reconnaissance satellite has received approval for operation from the Ministry of National Defense, the state arms procurement agency said on Wednesday. The spy satellite, launched in December 2023, has passed a series of operational evaluation tests in space and will begin full-fledged operations, according to the Defense Acquisition Program Administration (DAPA). This satellite is a key asset for the Kil

August 14, 2024

Game developer Krafton reports record revenue, profits driven by 'PUBG' success

SEOUL, August 12 (AJU PRESS) - Korean gaming company Krafton on Monday announced record sales and profits for the second quarter, driven by the success of its flagship title, “PUBG: Battlegrounds.” Consolidated operating profit reached 332.1 billion won ($242 million), a 152.6 percent increase year-on-year, the company said in a regulatory filing. Revenue jumped 82.7 percent to 707 billion won, while net profit soared 165.7 percent to 341.4 billion won. Krafton a

August 12, 2024

Upgraded 1,200-ton submarine delivered to Korean Navy

SEOUL, August 12 (AJU PRESS) - The South Korean defense procurement agency on Monday delivered an upgraded 1,200-ton submarine to the Navy following a refurbishment that enhanced its combat and detection capabilities. The submarine, ROKS Jung Woon, is the sixth Jang Bogo I-class submarine, commissioned in August 1997. The Defense Acquisition Program Administration (DAPA) said the submarine was handed over to the Navy in a ceremony at Hanwha Ocean's headquarters on the souther

August 12, 2024

Korea's power demand hits third-highest level last week

SEOUL, August 12 (AJU PRESS) - Korea's hourly electricity consumption surpassed 100 gigawatts (GW) during peak summer periods for the second consecutive year, the Korea Power Exchange said Monday. Last Wednesday, the average power demand reached 100.203 GW between 2 and 3 p.m., marking the third-highest power usage in the nation's history, following records set on Aug. 7 (100.571 GW) and Aug. 8 (100.254 GW) last year, when power demand first exceeded 100 GW. The company r

August 12, 2024

Korean Army tests 4-legged robot for counter-terrorism operations

SEOUL, August 12 (AJU PRESS) - The South Korean Army has deployed a four-legged walking robot for counter-terrorism operations on a trial basis for the first time, the Defense Acquisition Program Administration (DAPA) said Monday. Hyundai Rotem and Rainbow Robotics participated in developing the system, which was completed on Aug. 5, two years after it was selected for the military's rapid pilot program in August 2022. The robot can move at speeds exceeding 4 kilometers per hour an

August 12, 2024

LG Chem's flame-retardant plastic earns top-tier US certification

SEOUL, August 12 (AJU PRESS) - LG Chem, a leading Korean chemical company, said Monday that its new flame-retardant plastic material has achieved top-tier certification in U.S. safety standards. The company's PFAS-free flame-retardant PC/ABS compound, developed in the first half of 2024, has received the highest V-0 rating in the UL94 flame-retardant test, a U.S. certification standard. The new material, made with recycled plastic, is free from perfluoroalkyl substances (PFAS

August 12, 2024