Korean rocket development level 2 starts in August with 732 million USD investment

The 2nd development project for Korean rocket (projectile) will start in August. 2nd level targets developing a 75-ton liquid engine, which is the the main technology for Korean rocket, and thus will be investing 732 million USD until 2018.  Ministry of Science, ICT, and Future Planning (MSIP) plans to finish the 1st level development and evaluate by upcoming July and start the 2nd level development in August.

The project goal is to develop a 75-ton liquid engine and successful launch test according to it. The Korean rocket will have 1st level engine that has four 75-ton liquid engines tied together, 2nd level engine with one 75-ton liquid engine, and 3rd level with 7-ton liquid engine. The 75-ton engine that used in 1st and 2nd level is the most important factor for deciding the success in developing Korean rocket. MSIP will complete the rocket and engine detailed structuring via 75-ton liquid engine developmental testing and ground firing test.

For full article, see ETnews.

Rescue robots get government support

DRC Hubo II
DRC Hubo II

The Korean government has pledged support for the development of rescue robotic technologies by setting a goal of commercialization by 2022. The Ministry of Trade, Industry and Energy (MOTIE) said Monday it is reviewing the “public safety robot project” to see if it is viable. The project will focus on developing core technologies related to the rescue robots. Once the project gets the green light, it will support development of various technologies including sensors that operate even in thick smoke, as well as crawler systems.

These technologies will be used in disaster situations such as rescuing people under debris, detecting stranded people in smoke-filled buildings that are on fire, or surveillance of nuclear power plants. Related industries are expected to grow significantly. Citing a study by Homeland Security Search Corporation, the ministry said the world’s disaster rescue industry is expected to double from 372 trillion won ($338 billion) in 2013 to 612 trillion won in 2022. China alone is expected see its market expand from 57 trillion won to 140 trillion won during the same period.

For full article, see Jongang Daily.

KT’s Pangyo innovation center a high-tech candy store

A panoramic view of the fifth floor of the Gyeonggi Center for Creative Economy & Innovation opened by KT on March 30 in Pangyo
A panoramic view of the fifth floor of the Gyeonggi Center for Creative Economy & Innovation opened by KT on March 30 in Pangyo

A laboratory accommodating five cutting-edge 3D printers, a never-before-seen collection of Internet of Things (IoT) parts, and a financial technology (fintech) support center.  Those futuristic terms and related devices that may be new to most people are being tested and developed at the Gyeonggi Center for Creative Economy & Innovation, a facility that mobile carrier KT opened March 30 along with the local government and other public organizations.

Under the creative economy agenda pushed by the Park Geun-hye administration, conglomerates and major enterprises have joined forces with the government to open a series of innovation centers; the KT center in this technology hub, often compared to Silicon Valley, is the eighth of 17 planned. Ten days after its official opening led by the Blue House and KT, tech reporters were invited for a tour last Friday and to talk to employees and heads of companies that have nestled into the space KT rented after seeing their potential.

For full article, see Joongang Daily.

 

EU Research & Innovation Day

The Delegation of the European Union to the Republic of Korea and the European Chamber of Commerce in Korea are co-organising the 1st EU Research and Innovation Day in the Conrad Hotel, Seoul, Korea on 25 March, 2015.  In this event, all EU Member States and their major research and innovation organisations will also participate and share information with Korean counterparts about their policies, programmes and success stories. There will be ample opportunities for networking with present and future partners. Please join our event and experience the excellence of European research and innovation!

EU Research Day

For more information, click here.

For registration, click here.

LG opens 29,000 patents…raising USD 150 million venture fund

2015_02_LG innovation centerTo create the creative economy ecosystem in Chungcheongbuk-do, LG will open 29,000 patents and raise a venture fund to the tune of KRW150 billion. Also, LG affiliates, including LG Chem, will invest KRW1,600 billion over a 3-year period to invigorate the local creative economy.

The LG Group announced this plan at the launching ceremony for the Chungcheongbuk-do Creative Economy Innovation Center held at the Chungcheongbuk-do Knowledge Industry Promotion Agency in Ochang, Chungcheongbuk-do on February 4. President Park Geun-hye, Lee Si-jong governor of Chungcheongbuk-do, Koo Bon-moo chairman of LG and the CEOs of over 140 local small and medium-sized venture firms were present at this ceremony.

LG will install the ‘IP Support Zone’ which shares patents with local small and medium-sized venture firms. Here about 29,000 patents, including the 27,000 patents owned by LG and the 1,600 patents of 16 government-funded research institutions, will be opened for free or at minimal costs. Among them, 3,058 patents will be transferred to small and medium-sized venture firms free of charge. The patent areas include bio, beauty and energy, earmarked for the Chungcheongbuk-do area, as well as electronics, chemistry and communication.

For full article, see Korea IT News.

Samsung starts production of 14-nanometer mobile chips

Exynos 7 Octa
Exynos 7 Octa

Samsung Electronics said Monday it has started mass producing the world’s first 14-nanometer mobile application processor. It hopes the latest chip technology will give the Korean tech giant a competitive edge over rivals such as U.S.-based Qualcomm. According to the company, Samsung’s new Exynos 7 Octa has 20 percent more processing power and spends 35 percent less electricity than 20-nanometer processors that have thus far been widely used in the mobile chip market. The latest chip technology also features a three-dimensional transistor design, known as the FinFET, unlike the conventional flat chip design, it added.

“Samsung’s advanced 14nm FinFET process technology is undoubtedly the most advanced logic process technology in the industry,” said Han Gab-soo, executive vice president of Samsung’s system LSI business in a press release. “We expect the production of our 14nm mobile AP to positively impact the growth of the mobile industry by enabling further performance improvements for cutting-edge smartphones.”

For full article, see Korea Herald.

Tech developed to make lunar rover capable of operating in extreme environments

A research team at the Korea Institute of Science and Technology showcases a prototype of a lunar rover, which will be used for moon exploration in 2020.
A research team at the Korea Institute of Science and Technology showcases a prototype of a lunar rover, which will be used for moon exploration in 2020.

On Feb. 16, a research team led by Dr. Gang Sung-cheol at the Korea Institute of Science and Technology (KIST) unveiled a prototype of a lunar rover, which is planned to be on the moon roving by 2020. What is notable is that a lunar rover has been developed with local technology.

The machine is able to carry out its mission in extreme conditions. Since it is designed to control heat easily, it can operate in a huge daily temperature range from 170 degrees below zero to 130 degrees above zero. It can perform its tasks on rough terrain as well.

The most notable characteristic of the newly-developed rover is that it is composed of two bodies. The passive double tracks of ROBHAZ, a robot designed to perform dangerous work, were used. The passive double tracks with two separate bodies connected with chains help the robot operate in a smooth manner, while maintaining its contact with the ground even in rugged terrain. The rover can move steadily up 30 degree slopes and even get over a 5-cm-tall fence. It can move up to 4 cm per second.

For full article, see Business Korea.

LG Display to add US$915 million to OLED panel line

2015_01_LGLG Display Co., a global panel maker, plans to spend an additional 1 trillion won (US$915 million) this year on its large-sized organic light-emitting diode (OLED) panel production line in South Korea to meet growing demand, industry sources said Wednesday. LG Display has already spent 800 billion won on the OLED panel production line, which produces panels for TVs, the sources said. LG Display is told to have commenced production at the production line starting November 2014, but the detailed capacity has not yet been revealed.

The company aims to expand its monthly production of the eighth-generation OLED input sheets to 26,000 units at the line in Paju, just west of Seoul. When combined with its existing line, LG Display’s combined monthly production of OLED input sheets will reach 34,000 units, the sources said.

LG earlier said it will target the high-end TV market on the back of 77, 65 and 55-inch Ultra OLED models. The OLED technology, more advanced than LCD since it produces light without the backlight unit (BLU), is seen as the company’s future growth engine.

For full article, see Yonhap News.

Samsung establishes product innovation team

Samsung Electronics has established a team to work on hi-tech innovative business projects, officials said Monday. Its core mission includes projects on virtual reality, robotic telepresence, drones and robots, three-dimensional (3D) printing and unmanned vehicles.”The team will explore how technologies could help people’s daily life for a better future,” an official said.
Samsung mobile chief Shin Jong-kyun will lead the team inside the mobile division.

The team, which has no direct links with the company structure and divisions, will operate independently. “Given the significance of the team, members will have more authority and independence because the main purpose of the team isn’t to develop single devices for any imminent results, but to develop solutions to go with Samsung’s manufacturing capabilities,” the official said.

For full article, see Korea Times.

Smartwatch war expected to intensify

2015_02_smartwatches
From top to bottom: Samsung Gear S, LG G Watch R, Apple Watch

The competition among Samsung, LG, Apple and other smartwatch makers is expected to intensify this year, industry watchers and analysts said Sunday. Samsung Electronics plans to unveil a new, round smartwatch, codenamed “Orbis,” at the Mobile World Congress (MWC) 2015 which takes place in Barcelona, Spain, next month. Consumers have already applauded the circular displays of the Moto 360 from Motorola and the G Watch R from LG Electronics, so it is no surprise that Samsung has been working on its own round watch, industry insiders said.

So far, Samsung’s 3 wrist watches ― the Gear, Gear 2, and Gear S ― were square-shaped, under the strict concept of smart device rather than traditional wrist watch. Orbis is a Latin word that has many meanings including circle. The project name gives a hint that the company’s next model will be circular.

For full article, see Korea Times.