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ENGLISH NEWS776

Innospace, Successful KOSDAQ Listing, Poised to Lead Private Space Launch Vehicle Industry South Korea's private space launch vehicle startup Innospace successfully listed on the KOSDAQ market on July 2, marking a new turning point in the domestic space industry.The listing ceremony held at the Korea Exchange building in Yeongdeungpo-gu, Seoul, was attended by key executives including Innospace CEO Kim Soo-jong, Head of Research and Development Jung Hoon, and Head of Management Suppor.. 2024. 7. 8.
ABL Space Systems, a U.S. launch vehicle startup, is formalizing a collaboration to build a new rocket launch site in the port city of Duqm, Oman. Recently, ABL and the Civil Aviation Authority (CAA) of Oman signed a Memorandum of Understanding (MoU) regarding the use of the Etlaq Spaceport.The signing ceremony was attended by representatives from the CAA and the U.S. Ambassador to Oman.The main content of this agreement is to launch ABL's RS1 rocket from the Etlaq Spaceport.The launch site is currently under construction, and specific sch.. 2024. 7. 8.
Canada's MDA Begins Development of NASA's Lunar Orbital Robotic Arm 'Canadarm3' Canadian space robotics manufacturer MDA Space has begun development of the robotic arm ‘Canadarm3,’ which will be installed on NASA’s lunar orbital ‘Gateway’ project.In a statement released on June 27, the company announced that it had signed a contract worth approximately 1 billion Canadian dollars with the Canadian Space Agency.In the statement, MDA Space CEO Mike Greenley expressed his excit.. 2024. 7. 8.
Collins Aerospace announced that it is ceasing the development of next-generation spacesuits for NASA astronauts. This was part of a contract signed in 2022 for developing spacesuits for extravehicular activities (EVA) on the International Space Station (ISS).The company announced in a statement on June 25 that it had agreed with NASA to halt the development.The current spacesuits used on the ISS are the Extravehicular Mobility Units (EMU), which have been in use since their development in 1981.These old sp.. 2024. 7. 8.
Pohang City Commences Construction of 'Pohang International Exhibition Convention Center (POEX)'... Aiming to Become a MICE Industry City by 2027 Pohang City is set to begin the construction of the 'Pohang International Exhibition Convention Center (POEX),' a key infrastructure project for the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, which the city is actively promoting.The city announced that it will hold a groundbreaking ceremony for the Pohang International Exhibition Convention Center (POEX) on the 18th at t.. 2024. 7. 8.
BNK Financial Chairman Bae Dae-in and others purchase 10,000 shares of their own BNK Financial Group announced on the 4th that Chairman Bae In Bin and CFO Kwon Jae Joong had each purchased 10,000 shares of their own company’s stock starting from the 1st. Earlier in February, Chairman Bae and 68 other executives from BNK Financial and its subsidiaries had purchased approximately 210,000 shares of their own company’s stock on the open market. In the same month, BNK Financial G.. 2024. 7. 5.
Samsung Electronics and Nvidia's HBM3E quality test results draw industry attent The industry's attention is focused on whether Samsung Electronics will pass NVIDIA's HBM3E quality test amid the rapid growth of the artificial intelligence (AI) market, which is driving a surge in demand for high bandwidth memory (HBM). Currently, SK Hynix is virtually the exclusive supplier of HBM to NVIDIA, and there is interest in whether Samsung Electronics can improve its performance thro.. 2024. 7. 5.
Jeonju District Prosecutors' Office, Raid on the Board of Audit and Inspection R The Criminal Division 3 of the Jeonju District Prosecutors' Office (Head Prosecutor Han Yeon-gyu), which is investigating the recent relocation of former President Moon Jae-in's daughter Da-hye's family to Thailand, announced on the 3rd that they had raided the Board of Audit and Inspection in Jongno-gu, Seoul last month. The raid is reportedly related to the Board of Audit and Inspection's fail.. 2024. 7. 5.
Exports of Secondary Batteries Recovering, Overcoming the Stagnation in the Elec Recently, domestic exports of secondary batteries have been showing a recovery trend, overcoming the stagnation caused by the "chasm" phenomenon (temporary demand stagnation) in the electric vehicle market. According to the Ministry of Trade, Industry and Energy, South Korea's secondary battery exports in the first half of this year recorded $3.97 billion, a 21.2% decrease compared to the same p.. 2024. 7. 5.
TSMC and Google formalize 'Tencor G5' collaboration...Samsung customer exodus could hurt Recently, TSMC and Google have formalized their collaboration for the mass production of the 5th generation application processor (AP) chip 'Tensor G5', which will be featured in the next-generation 'Pixel 10' series smartphones. This development puts Samsung Electronics at risk of losing a major customer.TSMC and Google have entered the 'tape-out' stage for the mass production of the 'Tensor G5.. 2024. 7. 3.
40,000 Coupang Logistics Workers Found Without Industrial Accident and Employment Insurance Around 40,000 workers employed by Coupang's logistics and delivery subsidiary, Coupang Logistics Services (CLS), and its contracted delivery agencies were found to be without industrial accident and employment insurance coverage.According to the Korea Workers' Compensation and Welfare Service (KCOMWEL), these workers had been working without even the minimal legal safety nets.KCOMWEL conducted a.. 2024. 7. 3.
Samsung Electronics Plans Space Environment Test for Memory Chips in 2025 By Park Si-sooSamsung Electronics is set to conduct a space environment test of its memory chips in 2025. The test will involve launching the chips into low Earth orbit aboard South Korea’s KSLV-2 rocket. However, it has not yet been determined whether Samsung will develop space-grade chips for this test. Currently, Samsung does not produce space-grade chips.The payload carrying Samsung’s memory.. 2024. 7. 3.
NH NongHyup Bank takes out the largest loan-to-deposit margin despite preferenti NH Nonghyup Bank's loan-to-deposit interest rate gap was found to be the highest among the five major commercial banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup). Although Nonghyup Bank has the peculiarity of handling government policy funds, civic groups pointed out that such an explanation is not sufficient considering the preferential treatment that Nonghyup Bank receives compared to.. 2024. 5. 31.
Joint Statement of the 55th U.S.-ROK Security Consultation (Space-related Part) By Park Si-soo On Nov. 13, the United States and South Korea held the annual U.S.-South Korea Security Consultative Meeting (SCM) in Seoul, the highest-level defense meeting between the two countries. Below are space-related highlights from the joint statement. The two sides expressed strong condemnation of the DPRK's recent actions, including its multiple missile launches, attempted space launc.. 2023. 11. 16.
Summary of Space Cooperation in US-India 2+2 Ministerial Dialogue Joint Statemen By Park Si-soo The US and Indian Defense and Foreign Ministers met in New Delhi on November 10 to discuss ways to strengthen bilateral ties and address international challenges. The following is a summary of the space-related content from the joint statement: The Ministers reaffirmed their commitment to further deepen the multifaceted defense partnership through wide-ranging dialogues and milita.. 2023. 11. 13.
South Korea to Launch First Spy Satellite on November 30 By Park Si-soo South Korea's military plans to launch its first domestically-built reconnaissance satellite on November 30, the Defense Ministry announced on Monday. The satellite will be launched on a SpaceX Falcon 9 rocket from Vandenberg Space Force Base in California. The launch is part of a project to place five such satellites into space by the end of 2025. The satellites will be used to m.. 2023. 11. 12.
South Korean President Yoon Suk-yeol Visits Saudi Arabia, Discusses Digital Economy, Innovation, and Space Cooperation By Park Si-soo South Korea’s President Yoon Suk-yeol recently visited Saudi Arabia, where he explored the latter’s advancements in the digital economy, innovation, and space sector. Hosted at “The Garage” innovation hub by Saudi Minister of Communications and Information Technology Abdullah Al-Swaha, President Yoon praised Saudi Arabia's achievements in research, development, and innovation. He .. 2023. 11. 1.
North Korea’s spy satellite launch fails again [산경투데이 = 박시수 우주산업 전문기자] North Korea said Aug. 24 its second attempt to launch a spy satellite ended in failure due to an “error in the emergency blasting system” during the third-stage flight. The failed launch came about three months after the nation’s first attempt failed in May, when the new carrier rocket Chollima-1 crashed into the sea soon after liftoff. North Korea called the error “not a.. 2023. 8. 25.
US Space Force to participate in upcoming Korea-US joint military exercise By Park Si-soo South Korea and the United States will soon conduct one of their biggest military exercises of the year to improve their ability to respond to North Korea’s nuclear and missile threats. The annual Ulchi Freedom Shield (UFS) training will start Aug. 21 and run through Aug. 31 based on scenarios that reflect evolving security situations, the Joint Chiefs of Staff (JCS) announced Aug.. 2023. 8. 15.
North Korea announces launch of first military spy satellite in June By Steve Yoon North Korea announced that it will launch its first military spy satellite in June in order to monitor U.S. military activity in real time. In a statement carried by the North's official Korean Central News Agency, a ranking official of the communist country said the North's planned satellite launch is an "indispensable" act to strengthen war preparedness. Ri Pyong Chol, vice-chair.. 2023. 5. 30.
Bodyfriend in Crisis: Revenue Plummets, Infighting Rages By Park Si-soo SEOUL, May 19 (Sankyung Today) -- Massage chair maker Bodyfriend faces its biggest crisis since its founding in 2007. Revenue fell last year, and operating profit plummeted by 65% compared to the previous year. The company lost its top spot in the home healthcare industry, ranked by revenue, to its rival Ceragem. Even worse, the two private equity firms that jointly acquired Bodyf.. 2023. 5. 19.
LG Energy Solution expands in India for EV batteries By Park Si-soo SEOUL, May 17 (Sankyung Today) -- LG Energy Solution has established a subsidiary in Delhi, India, to manufacture and sell light electric vehicle (LEV) battery packs and cells for the domestic market. This move marks the company's latest effort to expand its business worldwide. Last month, LG Energy Solution partnered with Japan's Honda Motor to produce lithium-ion batteries for H.. 2023. 5. 17.
Starlink registered as telecom service provider in South Korea By Park Si-soo SEOUL, May 9 (Sankyung Today) -- The science ministry of South Korea has officially granted registration to Starlink Korea, a subsidiary of the American space company SpaceX, as a common telecommunications business. The announcement, made on May 12, comes after an evaluation of SpaceX's financial status, technical capabilities, and plans for user protection, in accordance with the.. 2023. 5. 16.
Dongkuk Pharma's Nizatidine Drug Recalled Over Safety Concerns By Park Si-soo SEOUL, May 9 (Sankyung Today) -- A nizatidine-based drug produced by Dongkuk Pharmaceutical has been found to contain NDMA (N-nitrosodimethylamine), prompting food and drug authorities to issue a recall. The Ministry of Food and Drug Safety (MFDS) has announced that it has recalled some manufacturing numbers of Dongkuk's Nizatin Capsules as a precautionary measure due to the excee.. 2023. 5. 15.
Hyundai Mobis drives innovation in mobility By Park Si-soo SEOUL, May 9 (Sankyung Today) -- Hyundai Mobis, an automobile parts affiliate of Hyundai Motor Group, is making waves in the automotive industry with its groundbreaking technologies that could revolutionize the future of driving. The latest development from Hyundai Mobis is the world's first in-vehicle rollable display. The new display, situated where navigation systems are typica.. 2023. 5. 9.
[Exclusive] JTBC reporters fired for sexual harassment scandal By Steve Yoon Two male reporters working for JTBC have been fired for sexual harassment scandal. The reporters of JTBC, a cable network, were accused of having assaulted two other female reporters while they were on business trip to Mongolia. The TV station was said to fire them as the reporters undermined its credibility due to the sexual scandal. However, one of the reporters, surnamed Jeon, p.. 2023. 5. 9.
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