September 26, 2022

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EDITOR'S PICKS

• Markets 
  

  Posco International to triple natural gas production in Australia

  Posco International, a trading firm under Posco Group, said Sunday that it was investing around 140 billion won ($98.38 million) to triple the natural gas production of its subsidiary Senex Energy Limited in Australia by 2025. According to the company, the investment is aimed at contributing to stabilizing energy costs in South Korea. The price of natural gas is expected to remain high for a while from the impact of the global natural gas shortage due to Russia switching off its gas pipelines

• Markets 
  

  SKT launches country’s 1st AI diagnosis for dogs

  SK Telecom on Sunday unveiled the country’s first commercialized veterinary image diagnostic service based on artificial intelligence technology. Named “X Caliber,” the AI solution provides medical reports when a veterinarian uploads X-ray pictures of the dog’s chest or musculoskeletal system to the service’s website. The autonomous diagnosis takes about 30 seconds, according to SK Telecom. The company highlighted the importance of quick diagnosis, saying it woul

• Markets 
  

  LG CNS becomes first S. Korean DX partner for Google Cloud

  Information technology service provider LG CNS said Sunday it has become the first South Korean company to sign a digital transformation (DX) partnership with Google’s cloud service, Google Cloud. Through the strategic partnership, LG CNS said it hopes to acquire a competitive edge in the domestic artificial intelligence market catered toward corporate use, and to carry out cloud application modernization (AM) and total experience (TX) innovation projects. To increase market presence, th

• Markets 
  

  [Behind the Wheel] Ioniq 6 could be a game changer in Hyundai’s EV portfolio

  At first glance, Hyundai Motor’s second flagship electric vehicle Ioniq 6 looks more like a sports car similar to Porsche’s 911 Carrera, mainly for its coupe-like frame. But inside, the spacious interior gives the feeling of a SUV, thanks to its unique platform built on E-GMP. The carmaker's adoption of EV-only seat material that is 30 percent thinner than ordinary seat fabric was a good choice. This unlikely combination of exterior and interior clearly shows where Hyundai Motor wan

• Markets 
  

  Fandom power might change blockchain ecosystem, experts say

  BUSAN -- Blockchain industry leaders seeking to merge entertainment with technology are looking closely to the power of fandoms, believing that it could reshape the ecosystem, according to speakers at the 2022 Upbit Developer Conference on Friday. “Hybe's business model is based on fans promoting artists,” Hybe America President Jason Jaesang Lee said during the second day of this year’s conference held in Busan. “Fans becoming promoters for our artists is a powerful g

• Markets 
  

  NPS, BOK to sign currency swap deal as Korean won tumbles

  South Korea's pension operator and the central bank are taking steps for a currency swap agreement as the Korean won tumbled to its lowest level against the US dollar in 13 years on Thursday. The National Pension Service will borrow the greenback it needs to invest overseas from the Bank of Korea, instead of buying it from the foreign currency market, and loan Korean won to the bank in return. The last currency swap deal between the two was dissolved in 2008 as the BOK demanded an end, citing a

• Markets 
  

  Collaboration with fashion designers growing trend in manufacturing

  Product collaborations with fashion brands continue to be popular in the local manufacturing industry, with a growing number of consumers looking to own unique items. Samsung Electronics, the country’s tech giant, said Friday it has launched a limited edition of Galaxy Z Flip 4, Galaxy Watch 5 series and Buds 2 designed by a local fashion brand Juun.J. The Juun.J edition Galaxy Z Flip 4 comes in two colors – graphite and phantom black -- with an all-black leather case, a shoulder

• Markets 
  

  SK chairman says corporate survival is key amid US-China tensions

  Noting growing uncertainties surrounding the escalating US-China rivalry, SK Group Chairman Chey Tae-won said Wednesday that his priority at the moment is bracing for business survival itself, not seeking profits or efficiency. “The most urgent task is finding the way of survival under any circumstances,” the tycoon said at a press conference in Washington, where he was visiting to inspect local operations. “Rather than focusing on maximizing profits or efficiency like in the