Samsung Heavy Industries (SHI) has succeeded in developing a VLCC (Very Large Crude Carrier) that uses liquefied natural gas (LNG) as a fuel. With bunker C oil and diesel, which are mostly used as fuel for ships, being blamed for greenhouse gases due to high air pollution, it is expected that the co

Cubrid, which specializes in open-source DBMS, said on June 5 that it has signed a strategic business agreement with WhaTap Labs, a company specializing in IT monitoring.WhaTap Labs is a company that provides cloud-based IT integration monitoring services and provides performance analysis services a

The Supreme Court has decided to lose a damages suit filed by Shin Dong-joo, former vice chairman of Lotte Holdings in Japan, against the company in connection with the dismissal of his board of directors at Hotel Lotte.The Supreme Court rejected the appeal on May 30, saying that Hotel Lotte and Bus

Korea Electrotechnology Research Institute (KERI), led by Choe Gyu-ha, invited officials from Japanese power-related institutions and universities to the institute to explore ways to cooperate. KERI said on May 31 that a total of 12 officials from Central Research Institute of Electric Power Industr

IVS, led by CEO Bae Young-hoon, said on May 30 that its AI-based intelligent image high-speed search software, called the "intelligent high speed search solution," has obtained the first grade of GS certification from the Telecommunications Technology Association (TTA).The IVS-developed search softw

LG Electronics Business Solutions is taking its show on the road – launching its 2019 LG TechTour, a six-city innovation roadshow in the United States where business-to-business customers experience first-hand LG’s broad portfolio of digital signage displays, renewable energy systems, enterprise mob

Daelim Industrial has successfully set up Caisson, a foundation supporting the tower of Turkey's Canakkale Bridge with SK Engineering & Construction. It installed the first Caisson in mid-May and the second Caisson this time to complete all of it.According to the company on May 28, the Caisson o

ZENRooms, a budget hotel chain invested by Yanolja, a hotel and leisure platform company, grew by 500% in just 10 months, a Yanolja spokesman said on May 28. ZENRooms is the Southeast Asia’s No.1 budget hotel chain company, running more than 1,000 franchise hotels.Last July, with the aim to maximize

Lenovo Korea said on May 27 that it has signed a strategic memorandum of understanding (MOU) with 42Maru to combine AI (Artificial Intelligence) technologies with smart devices, including AR and VR devices.The agreement was made to integrate the Machine Reading Composition (MRC) based QA system and

Hanmi Pharmaceutical said on May 24 that it has newly released a cushion-type sunscreen for infants that contains probiotics. The PRO-CALM BEBE suncushion (SPF43/PA++), which is intended for infants, is a cushion-type sunscreen that can be applied easily to children who don't like to wear sunscr

Hanwha Group announced its independent leadership training program, called the "procedure for candidates for promotion," at ATD2019 ICE (Association for Talent Development International Conference & Exposition) hosted by the Human Resource Development Association, which took place in Washington, D.C

Tom Song, vice president of Oracle Korea, was newly appointed to CEO. According to the IT industry on May 22, Oracle appointed Tom Song, vice president of the key account sales department, as its CEO. Song has been acting president since March. Tom Song majored in electrical engineering at the Unive

JB Financial Group said on May 21 that it is expanding and implementing non-face-to-face financial services of its affiliates so that customers can easily and conveniently use financial services.Jeonbuk Bank, which has reorganized its non-face-to-face service since last week, has been successfully r

Woori Financial Group said on May 20 that Chairman Son Tae-seung will conduct overseas IRs in Japan and Hong Kong for three nights and four days from May 19.During the IR schedule, Sohn will meet overseas investors such as sovereign wealth funds, global large asset managers and pension funds. He has

Asoa, an industrial drone manufacturer, said on May 13 that it has signed a memorandum of understanding (MOU) with Doosan Mobility Innovation to develop multi-purpose drones utilizing hydrogen fuel cells on May 10.Through this MOU, both companies are planning to jointly develop drone gas that can be

As part of its strategy to accelerate the development of AI devices for the home, LG has developed its own artificial intelligence chip (AI Chip) with proprietary LG Neural Engine to better mimic the neural network of the human brain to greatly improve the processing of deep learning algorithms.The

Daewoong Pharmaceutical said on May 15 that its homegrown botulinum toxin "Nabota" (Jeuveau TM) was officially launched in the U.S.Jeuveau was the first Korean-made botulinum toxin to win approval for an item license from the U.S. Food and Drug Administration in February. Jeuveau's local sales i

Homeplus was fined 45 million won by the Fair Trade Commission (FTC) for changing the location and area of the rental store and passing on interior design costs without sufficient consultation with the tenant. According to the FTC on May 12, Homeplus' Gumi branch forced four tenants to move thei

Humedix, a subsidiary of Huons Global, will join hands with Johnson & Johnson Medical, a global company specializing in medical devices, to enter the 40 billion won breast prosthesis market in Korea. Humedix said on May 8 that it signed a contract to sell "MENTOR," Johnson & Johnson Medical's br

Rep. Chung Sye-kyun of the ruling Democratic Party of Korea who served as speaker of the 20th National Assembly visited an artificial intelligence (AI)-related small and medium-sized company and showed his will to work hard to provide financial support for technology companies.Rep. Chung visited IVS