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Biz & Tech

Fri, October 22, 2021 | 16:32

Locally-developed rocket fails to place dummy satellite into orbit

South Korea achieved a “half success” with its Nuri space launch vehicle, Thursday, as the country's first locally-developed rocket successfully lifted off but failed to place a dummy satellite into orbit. While the intended outcome was not realized, the government and experts said the test launch has helped the country secure core engine technologies that moves the country a...

2021-10-21 20:43

Korea's first locally developed space rocket lifts off [PHOTOS]

Chronology of major events leading to Korea's Nuri space rocket launch

The following is a chronology of major events leading to the development of South Korea's homegrown space rocket Nuri, or Korea Space Launch Vehicle-II (KSLV-II), which was launched from the Naro Space Center in the country's southern coastal village of Goheung.

2021-10-21 20:39

Locally-developed rocket fails to place dummy satellite into orbit

Moon says Nuri rocket completes all flight sequences but fails to put dummy satellite into orbit

President Moon Jae-in said Thursday South Korea's first domestically-built space rocket completed all flight sequences as scheduled but fell short of putting a dummy satellite into orbit.Moon praised scientists and engineers for developing the space rocket that reached a target altitude of 700 kilometers, describing it as a "creditable achievement."

2021-10-21 20:24

Naver, Kakao ask Netflix to pay for network usage

The founders of Naver and Kakao asked global content streaming service providers to pay internet service providers (ISPs) for the network usage generated by their popular platforms.

2021-10-21 16:44

Nuri prepares to lift-off

Fuel and oxidizers are injected into the locally developed Nuri satellite launch vehicle, erected on a launch pad, at the Naro Space Center in Goheung, South Jeolla Province, Thursday, before its 5 p.m. lift-off. The three-stage liquid-fueled rocket, also known as the Korean Satellite Launch Vehicle II, is the country's first indigenously developed spacecraft. Joint Press Cor...

2021-10-21 16:38

LG CNS helps Korean Air shift IT system to Amazon's public cloud

LG CNS has transitioned Korean Air's IT system to Amazon Web Services' (AWS) public cloud. This move comes three years after the two companies signed an agreement to make the large-scale transition to AWS' cloud platform. Korean Air has become the first global airline to transition its IT system to a public cloud platform. LG CNS says that Korean Air could get a step ahead of...

2021-10-21 15:12

Assembly audit to have little impact on big tech firms' march into banking industry

Big tech companies are expected to be largely unaffected by the National Assembly's audit on the banking industry, as the lawmakers did not manage to adequately address the firms' dominance over the mobile banking market, according to market observers.

2021-10-21 08:43

SK develops world's fastest HBM3 DRAM

SK hynix said Wednesday it has developed the world's fastest DRAM chip. The High Bandwidth Memory 3 (HBM3) can process 163 full HD movies (5 gigabytes each in size) in just one second.

2021-10-20 13:13

Facebook plans to change name: report

Social media giant Facebook is planning to rebrand itself with a new name next week to reflect its focus on building the metaverse, the Verge reported on Tuesday, citing a source with direct knowledge of the matter.

2021-10-20 12:17

Facebook pays fine to settle suit on discrimination against US workers in favor of foreigners

PoliGround aims to offer public opinion through virtual stock market

Seo Jung-ho, 52, has long worked in the IT industry, engaged in information-offering services and software download services for 25 years since 1996. In July, Seo launched an online platform offering public opinions of politicians through a sort of virtual stock market, named PoliGround, where users are given free cyber money to make transactions on politicians who are repres...

2021-10-20 08:47

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