A bill to amend the Petroleum and Petroleum Alternative Fuel Business Act passed the National Assembly’s plenary session on Sept. 9, paving the way for refiners to produce sustainable aviation fuel (SAF).SAF is an aviation fuel derived from renewable biomass or carbon dioxide. It has the same compos
Hyundai Motor India Limited (HMIL), announced Rs 6 180 Crore investment plans in the state of Tamil Nadu (this includes Rs 180 crore towards a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with IIT- Madras). This is in addition to the Rs 20 000 Crore investment planned in a phased manne
Korea and the Gulf Cooperation Council (GCC) have finalized negotiations on a free trade agreement (FTA). The Korea-GCC FTA is Korea’s twenty-fifth FTA and the second with the Arab world after the Korea-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA). As Korea has gain
Art & Design International(hereinafter: Art & Design), running the Global skincare brand # OOTD Beauty, was awarded the 1 Million Dollar Export Tower award on the 60th national trade ceremony day. OOTD Beauty made its debut in the United States through offline retailers such as Macy’s, TJ Maxx and M
Korean researchers have developed a world-class ruthenium (Ru) catalyst for ammonia decomposition that will accelerate production of clean hydrogen by extracting hydrogen from ammonia, the key to the hydrogen economy quickly and in large quantities. Above all, the world does not have a commercial pr
A technology that maintains high hydrogen production efficiency over a long period by leveraging semiconductor technology capable of implementing a three-dimensional network structure has been developed.On Sept. 25, the Korea Advanced Institute of Science and Technology (KAIST) announced that a join
SKC will build the world’s largest eco-friendly biodegradable material production facility in Hai Phong City, Vietnam.SKC announced on Sept. 25 that Ecovance, an investor in the biodegradable materials business, has received an investor registration certificate (IRC) from Hai Phong City at the Hai P
A hydrogen engine for passenger cars that uses hydrogen as fuel has been developed for the first time in Korea amid fierce competition for hydrogen mobility technology around the world.A joint research team led by Dr. Choi Young of the Mobility Powertrain Research Center at the Korea Institute of Ma
SK on, a subsidiary of SK innovation battery, has successfully co-developed an oxide-based solid electrolyte with the world’s highest lithium-ion conductivity.On Aug. 31, SK on announced that the research results on the oxide-based solid electrolyte, co-developed with Professor Park Hee-Jung’s resea
Major Korean petrochemical companies have been downsizing or selling off their film businesses, which were once significant business areas. This is because they find themselves in a situation where they cannot sell their products at fair prices, as China has increased production with low-priced prod
The validation of “LK-99,” which claims to be the world’s first room-temperature, ambient-pressure superconducting material, continues in the international academic community.On Aug. 8 (local time), the Cohesive Material Theory Center (CMTC) at the University of Maryland announced through social med
Samsung Electronics and Apple are set to compete in a new arena this time – the smart ring market.According to sources in the information and communication technology (ICT) industry on July 10, Samsung Electronics filed a trademark application for the Galaxy Circle with the Korean Intellectual Prope
LS Group Chairman Koo Ja-eun has embarked on his first overseas business trip since taking office. The Korean business group has chosen electric vehicles as its future growth driver and is in full swing to reorganize its power infrastructure-oriented group into high-growth businesses such as batteri
The Advanced Radiation Technology Institute of the Korea Atomic Energy Research Institute announced on Jan. 18 that it has developed a nanosubstance that kills cancer using the Cherenkov effect of zirconium-89.The Cherenkov effect can be defined as electric particles emitting light or X-rays while m
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, will develop fuel cells for ships and power generation and secure eco-friendly hydrogen production technology, in partnership with Europe’s largest research center and a fuel cell parts manufacturer.KSOE
LifeSemantics, a Korean company specializing in digital therapeutics (DTx), will unveil Redpill Breath, a digital therapeutics (DTx) for patients requiring pulmonary rehabilitation, at CES 2023, which will be held in Las Vegas in January 2023.LifeSemantics will participate in the Digital Healthcare
SK Innovation announced on July 13 that it invested US$20 million in Fulcrum BioEnergy, an American company that produces renewable transportation fuels using household garbage. Late last year, SK Inc., the holding company of SK Group, jointly invested US$50 million in the U.S. company with a Korean
KAIST announced on June 7 that its research team led by electrical and electronic engineering professor Choi Shin-hyun developed an advanced memristor array capable of human neuron cell replication.A memristor is characterized by being capable of simultaneous information storage and operation based
Hyundai Engineering & Construction (Hyundai E&C) has been selected as the winner of a water electrolysis-based hydrogen production base construction project promoted by the Ministry of Trade, Industry and Energy, the company announced on June 2.The company will form a consortium with the government
In the hydrogen vehicle industry, polymer electrolyte fuel cells are used as a type of hydrogen fuel cells and ion-exchangeable polymer membranes are used as an electrolyte in those fuel cells. The cells are characterized by being light in weight and quickly operable. In addition, the cells are expe