Naver is taking a significant step into the robotics market by unveiling the world’s first robot operating system based on a web platform. Its greatest strength is compatibility with web services, positioning Naver to become the “Android of Robotics” in the still-nascent robot OS market.During the ‘
On Feb. 8, the Fair Trade Commission (FTC) unveiled its agenda for the year, intending to elevate the criteria for designating business conglomerates subject to disclosure. Criticism has been directed at the regulations governing the disclosure of business groups as they are unique to South Korea. T
The Ministry of SMEs and Startups (MSS) is actively moving forward with the designation of new global innovation districts this year. Simultaneously, it is focusing its efforts on strengthening global collaboration programs to foster the venture ecosystem. The ministry plans to strengthen support fo
The government is set to implement a comprehensive plan for “smart cities” incorporating new technologies. The primary focus is accelerating the entry into foreign markets through the restructuring of the “K-City Network” project. This initiative aims to strengthen the global competitiveness of Kore
SK ecoplant is positioning itself as a domestic powerhouse in offshore wind power, one of the most prominent eco-friendly energy business alongside the solar power business. SK ecoplant is jointly developing an offshore wind power ocean energy project. The project is to build floating and fixed offs
Hyundai Engineering announced on Dec. 11 that it has signed a memorandum of understanding (MOU) with the Korea Atomic Energy Research Institute for the overseas export of the Korean-style Small Modular Reactor (SMR).The signing ceremony, held at the Korea Atomic Energy Research Institute headquarter
NESTYLE, Inc., a creative platform company, introduces AI-Zac Novel, a new form of web novel creation and subscription platform. It can be said to be a Korean-style Radish that has been developed further with AI technology than the global Radish, which has been very popular as a creative platform in
This year marks the first time that the number of countries importing Korean kimchi has surpassed 90. The global popularity of Korean kimchi, often attributed to the Hallyu wave and health trends such as vegetarianism, is leading the way in showcasing K-food on the international stage.According to t
Hanwha Systems initiated its operations in 1978 with the production of night vision goggles, one of its electronic optical products. Today, the company stands as a radar sensor and communication specialist, leading the forefront in the advanced defense electronics industry. Hanwha Systems offers ind
South Korea has signed a Free Trade Agreement (FTA) with the United Arab Emirates (UAE), marking its first such agreement with a Middle Eastern country and its 24th FTA overall.The Ministry of Trade, Industry and Energy announced that Ahn Deok-geun and Thani bin Ahmed Al Zeyoudi concluded Comprehens
Lotte Group has announced that it will be hosting the “South Korea Brand Expo in Jakarta” in collaboration with the Korea Trade-Investment Promotion Agency (KOTRA) until Sept. 8 in Jakarta, Indonesia.Since it began in 2016, the South Korea Brand Expo is holding its 17th event and has recorded a cumu
Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) is preparing to raise funds amounting to around 2 trillion won. This move is proactive investment in defense and other sectors in preparation for the future.On Aug. 22, Hanwha Ocean announced, “We are reviewing various ways to raise fu
The trend of collaborations between domestic and foreign enterprises of various sizes to achieve success in new drug development is on the rise. Such collaborations are viewed within the industry as a potential model for “Korean-style Open Innovation” in the pharmaceutical and biotech sectors.Accord
KT, the South Korean telecommunications giant, announced that it has hosted a joint digital health seminar with Hanoi Medical University in Vietnam.The seminar, which was conducted on July 11 under the theme of “Main Applications of Digital Health,” was attended by approximately 150 individuals from
President Yoon Suk-yeol attended a series of bilateral meetings with 13 national leaders during the NATO summit held in Vilnius, Lithuania on July 11 and 12 (local time). The discussions aimed to strengthen the supply chains of advanced industries such as semiconductors, electric vehicles, batteries
The government has decided to accelerate the exports of small and medium-sized enterprises (SMEs), create an ecosystem for startups and ventures aimed at the global market, and roll out policies for SMEs to make a global leap.The Ministry of SMEs and Startups announced the “SME Promotion Comprehensi
In November last year, Won Hee-ryong, the Minister of Land, Infrastructure, and Transport of Korea, visited Bali, Indonesia, meeting the local Minister of Transport, the Minister of the New Capital City, and the Acting Governor of Jakarta. During this visit, he signed a memorandum of understanding f
Hyundai E&C (Hyundai Engineering & Construction) will actively advance into overseas markets by strengthening its eco-friendly smart farm technology.To prepare a foothold for overseas expansion, the company signed a strategic MOU with Korea Rural Community Corp. on Feb. 20 at its headquarters in Seo
Korea Aerospace Industries (KAI) has unveiled its vision of becoming the world’s 7th largest aerospace company by attaining sales of 40 trillion won by 2050.KAI president Kang Gu-young presented the vision before the company's employees and executives at a ceremony held at its headquarters in Sa
At CES 2023 this week, SK Inc. hosted a food truck for visitors that offered sustainable food including Korean-style shaved ice dessert, "bingsu" – made with animal-free milk from the California-based Perfect Day. The food, located outside the exhibit hall of the Las Vegas Convention Center, also in