LS Cable and System announced on March 3 that it has won a 100-billion-won submarine cable order from Bahrain.The project involves laying submarine cables between Bahrain’s main island and Hawar Island, which is located 25 km southeast. LS Cable and System won the order from Al Gihaz, a Saudi Arabia
The Korean government has concluded that faulty batteries were the main culprit behind the recent spate of energy storage system (ESS) fires.The ESS Fire Accident Investigation Team announced the outcome of its second investigation in the fires on Feb. 6.The conclusion is opposite to the one announc
The Ministry of Science and ICT is planning to provide innovative public services based on blockchain technology.The ministry’s keyword for its blockchain development projects is service popularization. In this regard, the ministry will allocate a budget of 16.1 billion won for blockchain R&D and re
The fourth edition of the Winter Youth Olympic Games (YOG) 2024 will be held in South Korea’s Gangwon Province in the cities of PyeongChang and Gangneung, home to the Olympic Winter Games 2019, the International Olympic Committee announced in Lausanne, Switzerland, on Jan. 10 (local time).The IOC vo
The Visit Korea Committee will host the “2020 Korea Grand Sale,” a shopping and tourism festival for foreigners that will run in all parts of Korea for 45 days from Jan. 16 to Feb. 29.To give foreign tourists the pleasure of tour in Korea, the 2020 Korea Grand Sale will offer them discounts in shopp
Employees of Electro Mart, a home electronics discount store chain operated by E-Mart, habitually committed sexual harassments against their female customers in a Kakao Talk chatting room, civic groups in Daegu and North Gyeongsang Province claimed on Sept. 3The civic groups asserted that tens of El
The South Korean government is planning to allow telemedicine and blockchain-based regional currencies. The seven regulation-free zones it designated on July 24 are expected to function as test beds for new industry development.The seven zones are located in Gangwon Province (digital healthcare), Da
Naver and Naver's Japanese subsidiary LINE announced on June 26 that they will hold “AI Rush 2019,” a hackathon for artificial intelligence (AI) developers around the world.The hackathon is intended to stimulate technology development through a sharing of knowledge and experience in deep learnin
After the U.S. Commerce Department restricted Huawei’s access to American suppliers last week, U.S. companies such as Google, Intel, and Qualcomm have parted from Huawei. This development may benefit Korean companies such as Samsung Electronics and LG Electronics. However, analysts note that Huawei
Hyundai Motor will develop a ship powered by its hydrogen fuel cells in cooperation with Gangwon Province, the company announced on May 9.The commercialization of a hydrogen-powered vessel will diversify the use of hydrogen fuel cells, contributing to Korea’s plan to usher in an era of hydrogen econ
With the expansion of 5G coverage and quality improvement work in progress, Korea’s three mobile telecom companies are suffering from a delay in 5G equipment delivery from Nokia. Originally, Nokia was scheduled to deliver 5G equipment to the three mobile carriers by January but the delivery was dela
Naver has thrown down the gauntlet to global IT giants increasingly penetrating the South Korean cloud service market.“South Korea has always been a test bed for new information technologies, which means competition has always been there,” said Park Won-ki, head of Naver Business Platform Corp. in a
Nokia has begun to deliver its 5G communications equipment to SK Telecom, KT and LG U+ this month, three months behind schedule. The three mobile carriers have received 1,000 to 4,000 units of the equipment so far whereas some have received 30,000 to 40,000 units from Samsung Electronics during the
With Kumho Asiana Group's sale of Asiana Airlines confirmed, attention is focusing on who will be the new owner of the country's second-largest carrier.The group announced on April 15 that it has decided to sell Asiana Airlines for the future of the company and its 10,000 executives and empl
Merlin Entertainments, a British company specializing in location-based entertainment, announced on Jan. 7 (local time) that it has entered into a partnership agreement with the Gangwon Provincial Government to build a LEGOLAND Park in South Korea, scheduled to open by 2022.LEGOLAND Korea will be si
For Choi Moon-soon, governor of Gangwon Province, 2018 must be a memorable year. In February and March, he hosted the PyeongChang Olympic and Paralympic Winter Games, which significantly enhanced the global recognition of the host city and province. In the June local elections, the governor was re-e
The LEGOLAND project pushed by the Gangwon provincial government is finally back on track after wasting seven years due to disputes. .The assembly of Gangwon Province approved on Dec. 14 a plan to build a LEGOLAND park in Chuncheon, the capital of the province, by 2021.The plan was passed after a he
The Visit Korea Committee provides the Top 30 Recommended Privileges and Theme Events during Korea Grand Sale 2019 scheduled for Jan. 17 to Feb. 28, 2019.Next year’s Korea Grand Sale is expected to come with various promotion events and discount opportunities with more airlines and lodging service p
Korean companies are keeping a close eye on the aftermaths of the arrest of Meng Wanzhou, vice chairwoman of China's telecom giant Huawei.The world's No. 1 telecom equipment provider, Huawei has been seeking to expand its presence in Korea. Korean semiconductor companies are keeping a close
The Visit Korea Committee will host Korea Grand Sale 2019, an annual shopping and tourism festival, from Jan. 17 to Feb. 28.Throughout the 43 days of the festival, which is designed to attract foreign tourists to Korea, Korea Grand Sale will provide grand-scale discounts on a wide array of products