Palace Walking Course Where Culture Is Buried in Every Step

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In the Gwanghwamun Gate area, records of 600 years of history remain intact among the huge forests of buildings. In particular, it is fun to look around the palaces and compare their different attractions as the major palaces are located in close proximity. Follow the walls of Gyeongbokgung Palace through Gwanghwamun Gate to Deoksugung Palace to find the traces of the Joseon dynasty, and walk along the Deoksugung Stone Wall Street to the Seoul Museum of Art to view modern and contemporary times. Walk along a trail filled with the scent of culture at every step.

Gyeongbokgung Palace Becomes a Holy Place for Tourists in the Center of Hanyang
Gyeongbokgung Palace, which is the center of the Joseon dynasty in the past and is now firmly guarding the heart of Seoul, has various attractions. Upon entering the palace, you will encounter Geunjeongjeon Hall, where important ceremonies were held. Next, the history of the Joseon royal family is intact: Sajeongjeon Hall, where people discussed political affairs; Gangnyeongjeon Hall, the king’s bedroom; and Gyotaejeon Hall, the queen’s bedroom. Gyeonghoeru Pavilion, where banquets were held against the backdrop of a beautiful pond, and Hyangwonjeong Pavilion, located in Secret Garden, are special attractions.
The Palace Royal Guard Changing Ceremony, Gwanghwamun Gate Guard on Duty Ceremony, and Gatekeeper Military Training are also held every morning and afternoon, so it is crowded with tourists every day. In addition to this, depending on the season, you can enjoy various programs such as the Saenggwabang experience, night opening, special viewing of the Gyeonghoeru Pavilion, and starlight night tour.

Gwanghwamun Gate: The Gateway Connecting the Best Palace of Joseon and the Center of Seoul
If you walk along the walls of Gyeongbokgung Palace, you will reach Gwanghwamun Gate, the palace’s main gate where the king used to go in and out. Gwanghwamun Gate, the only one with the Gwolmun style among the five palaces of the Joseon dynasty, has a splendid and magnificent spirit.
Gwanghwamun Gate is the gatekeeper that protects Gyeongbokgung Palace and is also the Ojakgyo Bridge that connects tourists to the plaza. The scenery of the quiet palace and the modern architecture soaring high in the sky harmonize with each other, creating a unique atmosphere.
Gwanghwamun Gate, a meeting place for visitors traveling around and a starting or ending point for tourists, boasts a splendid figure and stands in the center of Seoul.

Gwanghwamun Plaza: A Leisurely Cultural Walk in the Center of Seoul
Gwanghwamun Plaza does not require a long explanation. It is the first place that comes to mind regarding an excellent place to walk and a rest area in Seoul. The plaza, a cultural plaza connecting the past and the future, is a comfortable haven for Koreans and foreign tourists.
Passing through the wide lawn (Yukjo Madang) that symbolizes Yukjo Street of major government offices in the Joseon dynasty, you can see the statue of King Sejong the Great, the symbol of Gwanghwamun Plaza. It is full of attractions, such as Norimadang, where various events are held, and the waterway of time that connects the past and the present. Also, it has various resting areas with forests and shade: the pine tree garden, Time Garden, the four season garden, the cultural shelter, Gwanghwamun Citizens Square, and Gwangjangsup.
In addition, for the convenience of visitors, there is an information desk, restrooms, a resting room for children, a nursing room, a vending machine, and a drinking fountain, so you can enjoy a pleasant walk.

Deoksugung Palace: Emperor’s Palace with Fascinating Elegant Beauty
Deoksugung Palace contrasts with the splendor of Gyeongbokgung Palace. It’s not as splendid, but it’s full of elegant beauty. Walking a little outside Gwanghwamun Plaza, you can find Daehanmun Gate, the main gate of Deoksugung Palace, on your right. Modern Western-style buildings in harmony with the imperial palace of the Korean Empire come with a different attraction.
You can just walk through the quiet Deoksugung Palace, but it is also good to make a reservation for Seokjojeon Hall when you stop by. Seokjojeon Hall, which follows the neoclassical style of the 19th century, is a place where foreign envoys were received, and the interior is decorated with a Rococo style. The building consists of three floors, from the ground to the second floor. After restoration work in 2009, Seokjojeon Daehan Empire History Museum was opened in 2014 and continues to this day.

Deoksugung Stone Wall Street: The Romantic Place of Street Artists
There was once a myth that couples would break up if they walked along Deoksugung Stone Wall Street. This is because if you walked the street in the past, you would have reached the Seoul Family Court. This superstition was handed down because it was a path that couples who were going to divorce inevitably had to walk, but the superstition has disappeared into history.
Deoksugung Stone Wall Street is a street that runs along the wall of Deoksugung Palace for about 1 km. It has been transformed into a street of culture and art with a calm and romantic atmosphere. A street painter with an easel on one side of the winding stone wall street, a musician who plays passionately regardless of people passing by, and a magician who bring fantasy into reality for a short time are some of the you can see along the stone wall street of Deoksugung Palace.
Mixing in with the crowds of people watching and savoring the scent of art, walking along the street, immersed in the music behind you, you will feel like you have become a street artist.

Seoul Museum of Art: Cultural History and Art Connected like a Trail
The romance of Deoksugung Stone Wall Street leads to the Seoul Museum of Art. Located on one side of Jeongdong Street, the Seoul Museum of Art exudes a noble and elegant atmosphere. This is because a modern building was built while preserving the front of the Supreme Court building, which was built in a Renaissance style in the past.
The unique atmosphere of the building, the photo zone located at the museum’s entrance, and the artistic trails makes it even easier to take pictures. When the weather is good, many photographers can been seen in the area.
The reason why this place is enjoyable is that there is always free exhibitions. In addition, special exhibitions considering both professionalism and popularity are also presented, so it is like “Killing two birds with one stone” because you can enjoy the artwork while going on a walk. The Seoul Museum of Art’s “Docent” app is good to use when appreciating art the exhibition commentary.

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Korea’s March Exports Rise to $56.6 bn,Giving a Trade Balance Surplus of $4.3 bn

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Korea’s exports in March recorded $56.56 bn, a 3.1% increase compared to the same month of last year. The trade balance, which subtracts imports from exports, was calculated to be a surplus of $4.28 bn.
According to the export trends for March 2024 announced by the Ministry of Trade, Industry and Energy (MOTIE), exports in March increased by $1.44 bn compared to the same month of last year, continuing an increase for six consecutive months. MOTIE found it encouraging that exports continued to increase in spite of poor conditions, including reduced working days.
By item, exports of seven out of 15 major export items increased. In particular, IT items (semiconductors, displays, computers, and wireless communication devices) all recorded positive figures for the first time in 24 months since March 2022.
Semiconductor exports (+35.7%), the largest export item, recorded $11.7 bn, the highest performance in 21 months since June 2022 ($12.3 bn). Display (+16.2%) and computer SSD (+24.5%) exports also increased for eight and three consecutive months, respectively. Exports of wireless communication devices (+5.5%) broke the negative trend that had lasted for three months and turned positive.

Ship exports increased by 102.1%, continuing a positive trend for eight consecutive months. The future outlook for the shipbuilding industry is bright as exports of high-value-added vessels such as container ships and LNG carriers are showing strong growth, and exports of offshore plants are also continuing. Bio-health exports also increased by 10%, continuing a positive trend for five consecutive months.
On the other hand, there was a decline in exports of automobiles (-5.0%) and general machinery (-10.0%), which are directly affected by the number of operating days.
By region, exports increased in three regions: the United States, China, and Central & South America. Export amounts to the United States amounted to $10.91 bn, ranking first among all March records. Exports to the United States continued to increase for eight consecutive months.
Exports to China amounted to $10.52 bn, an increase of 0.4% compared to the same month of last year.
The trade balance in March recorded a surplus of $4.28 bn, maintaining a surplus for 10 consecutive months. Exports in the first quarter amounted to $163.7 bn, an increase of 8.3% compared to the same period of last year. However, it did not exceed the export amount of $173.4 bn recorded in 2022.


 
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KIMES 2024

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  • Ending successfully with notable achievements including domestic consumption and export consulting worth KRW 2.4 trillion
  • Over 1,350 domestic and foreign manufacturers participated and presented over 35,000 related products.
  • Establishing itself as a global exhibition by showing overwhelming exhibition scale and outstanding results

The 39th Korea International Medical & Hospital Equipment Show (KIMES 2024) concluded its four-day run on March 17.
This exhibition showed significant results in many areas, including the increasing number of participating companies, higher visitor numbers, and export consultation amounts. It is evaluated as an exhibition that not only served as a bridgehead for domestic companies’ overseas expansion, but also reflected the latest trends in medical device and IT technology convergence, and the current and future directions of medical-device artificial intelligence (AI).

Significant achievements such as attracting 70,760 visitors — and conducting domestic and export consultations worth KRW 2.4 trillion
This year’s KIMES 2024 was held throughout the entire area of the COEX exhibition halls and lobby, with a total area of 40,700 m2. About 1,350 domestic and foreign manufacturers participated in the exhibition, introducing over 35,000 items including convergence medical devices, hospital equipment, medical-information systems, healthcare and rehabilitation devices, and medical-related supplies.
Over a period of four days, a total of 70,760 domestic and foreign visitors, including 4,274 overseas buyers, visited the exhibition and enjoyed various associated and side events such as booths, seminars, conferences, academic conferences, and giveaway events.
In addition, KIMES 2024 held the 2024 Global Medical Equipment Plaza (GMEP) in collaboration with KOTRA, matching 143 prospective buyers in the medical-device field from 40 countries around the world with 320 Korean companies, and thereby conducting a total of 1,800 export consultations.
At this year’s export consultation meeting, there were meaningful achievements — including the signing of an export contract worth more than $US 10 million, which is double the amount of the previous year, along with the signing of an export contract for laparoscopic robotic surgery devices worth $US 1 million.

Various eye-catching related events and side events were held for new medical trends and business environments
Held concurrently with this exhibition MedicomteK 2024 (Medical Device Components & Materials Technology Exhibition) reflected the growing interest in cutting-edge parts and materials as the scope of the medical industry expands through convergence with new technologies, drawing the keen attention of visitors.
In addition, the Global Healthcare & Medical Tourism Conference (Medical Korea 2024), aimed at exchanging international medical trends and expanding global networks, was also held concurrently, and achieved great results. First, a total of 660 consultations were conducted through connections between overseas purchasing companies engaged in sending foreign patients, and the domestic medical industry. Overseas buyers representing 81 companies from 25 countries — including the United States, the UAE, Russia, China, and Mongolia — participated in the business meetings, plus 174 Korean companies.
At this year’s Medical Korea 2024, a total of 37 business agreements were signed regarding attracting foreign patients and expanding medical services overseas, and consultations related to overseas expansion worth $6.1 million were achieved.

Becoming a leading exhibition in the industry through practicing ESG and considering customer convenience
In particular, this year’s KIMES was held as an exhibition practicing ESG in collaboration with Seoul Metropolitan Government, COEX, and EXPORUM, and received a good response.
KIMES 2024 established sustainable event goals in accordance with the Seoul Global Exhibition ESG Operation Cooperation Agreement signed with the Seoul Metropolitan Government last October. Based on this, exhibition organizers operated ESG programs such as the participation campaign for ESG operation, distribution of digital guidebooks, use of reused/recycled materials during construction, souvenirs made of eco-friendly materials, and connection with local communities.
In addition, the official KIMES application was prepared to facilitate the convenience of visitors. Support was provided regarding exhibition information, participating companies and exhibits information, seminar registration and inquiries, personalized information service, and route guidance through location determination — drawing positive feedback from participants and visitors.
A spokesperson for the exhibition organizer, Korea E&EX, explained, “It is meaningful to successfully conclude the exhibition that dealt with the future of the convergence medical industry — with 70,760 visitors, including 4,274 overseas buyers,” adding, “We will continue striving to support domestic companies in developing overseas markets, and serve as a bridgehead for them entering overseas medical device markets.”


 
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X-ray Devices

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[INQ. NO. 2404E14] POSKOM, a company specializing in cutting-edge medical devices, drew keen attention by introducing its latest portable X-ray device at the recent 39th Korea International Medical & Hospital Equipment Show (KIMES) 2024, held at COEX in Seoul.
POSKOM is currently the world’s No. 1 portable X-ray company. At the exhibition, POSKOM received a lot of attention from related industries by exhibiting an artificial intelligence (AI)-based digital portable X-ray battery product and a new mobile X-ray integrated digital X-ray generator.

The AI-based digital portable X-ray battery introduced at KIMES 2024 is a product that integrates a movable X-ray generator and battery, enabling the shooting of the X-ray image by using AI. As mobility was especially highlighted, this product is expected to be used as a portable digital X-ray device in disaster areas such as home care, emergency vehicles, and military field hospital training.
POSKOM also introduced a digital X-ray generator, an all-in-one product that integrates X-rays and batteries. As it requires no separate generator, portability and convenience are significantly improved.

The CEO of POSKOM commented, “Our new product received good responses, both from domestic and foreign buyers, at this exhibition. We will continue technological innovation in the medical field by developing high-resolution digital X-ray systems and imaging technologies,” adding, “Through these efforts, we will contribute to a better medical environment and future for all.”
Founded in 1994, POSKOM designs and manufactures highest-quality diagnostic x-ray systems, x-ray generators and power supplies for the medical and telecommunication industries. With higher than 70% of the domestic market share, POSKOM supplies customized generators and x-ray modules to major Korean and international manufacturers.


 
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Electrocardiogram Measuring Equipment

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[INQ. NO. 2404E13] VUNO, Korea’s representative medical AI company, recently showcased the prototype of its kiosk-type electrocardiogram measuring equipment, Hativ K30, for the first time at KIMES 2024. The instrument is slated to be officially launched in the latter half of this year.
VUNO is working to build a healthcare ecosystem that connects individuals and hospitals by continuously expanding the scope of its chronic disease management brand, Hativ.
In January 2023, VUNO launched ‘Hativ,’ its chronic illness management brand consisting of three at-home-use medical devices including an electrocardiogram measurement medical device, blood pressure measurement device, and thermometer ― as well as a health monitoring mobile application. This is an example of how the company has expanded its business scope to B2C (Business to consumer).

Its flagship product, ‘Hativ P30,’ is a home ECG measurement medical device that analyzes ECG data and provides analysis results such as normal rhythm, atrial fibrillation, bradycardia, and tachycardia. The product is small and portable, so it can easily measure heart signals anytime, anywhere within 30 seconds. The analysis results can be checked at a glance through the ‘Hativ Care’ app.
In addition, since it enables 6-lead precise measurement, it is easy to use compared to the 12-lead measurement method used at hospitals where electrocardiogram is measured by attaching 10 electrodes to the body. When compared to smart watches and other wearable devices that use a single-lead method, ‘Hativ P30’ provides more accurate information.
Through participating in KIMES 2024, VUNO showcased ‘Hativ K30,’ a kiosk-type electrocardiogram measurement device for hospitals and public institutions. This model which will be officially launched in the latter half of 2024 enables precise measurement with the 6-lead method and offers real-time measurement results, just like ‘Hativ P30.’
Through participating in KIMES 2024, VUNO aimed to expand its ‘Hativ’ portfolio and to expand the market for medical devices for electrocardiogram measurement from home to specialized institutions.


 
 
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Electric Dual Tilt-rotor Drone

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[INQ. NO. 2404E12] Narma Inc. is the first spin-off company of the Korea Aerospace Research Institute (KARI).
With the tilt-rotor technology of KARI, Narma has developed the world’s first electric dual tilt-rotor drone, and succeeded in its commercialization.
Established in 2018, Narma has focused on R&D for three years, and since 2021 has conducted demo flights through various national projects.
Narma was able to stabilize drones using data collected through demo flights in these projects, and in 2022 made its first overseas sales. Its goal this year is to expand business into the U.S. market.
Based on the demo flight data conducted in this way, Narma developed more stable drones and achieved its first overseas exports in 2022. During this year, Narma plans to establish a branch in the United States and conduct demo flights, with the goal of advancing into the U.S. market.

Capable of vertical take-off and landing
Narma’s world’s first electric small tiltrotor drone, AF200, is capable of vertical take-off and landing, and can fly like an airplane after tilting the rotor in the air.
It is thus capable of high-speed flight (up to 120 km/h) and long-distance flight by using the lift of the wings. Based on these advantages, it can be considered as a very suitable drone for delivery and surveillance.
The AF200 can fly for up to 40 minutes and a distance of 40 kilometers with a payload of 5kg. Items can be safely delivered using three types of drop system developed by Narma. Starting with the Tongyeong-Saryangdo blood delivery business, stability and functionality have been proven through various government tasks.
In 2022, through a sandbox project supported by the Korea Institute of Aviation Safety and Technology, Narma has carried out a medication delivery drone project, operating a delivery shuttle drone between Chungnam National University Hospital and Konkuk University Hospital.


 
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Circuit Breakers

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[INQ. NO. 2404E11] VITZRO EM Co., Ltd., spun off in July 2017 from VITZRO Tech Co., Ltd. established in July 1955, is engaged in the business of power equipment and the vacuum valve of semiconductor industries – as a specialized company in the development and manufacturing of power equipment in the convergence 4th industrial era.
VITZRO EM provides customers with optimal total solutions through its full line-up’s power equipment such as circuit breakers ranging from low voltage to ultra-high voltage, switch gear parts and relays, measuring devices (IED & controller) and protection devices, vacuum valves (gate valve) in the semiconductor industry, etc.

Vacuum Circuit Breaker (VCB)
VITZRO EM’s VCB has improved breaking performance and safety as a result of optimal vacuum technology and structural design achieved by integrating long-term vacuum application technologies accumulated while producing vacuum interrupters for the first time in Korea.
It is a premium product with a safer and more stable operating mechanism and maximized insulation performance through a user-centered design. It is a new-concept circuit breaker that stably supplies power to all industrial fields such as power plants, chemicals, steel, plants, and construction facilities. It has short arc time and interruption time for accidents such as short circuit and ground failure, and requires no maintenance.

Air Circuit Breaker (ACB)
VITZRO EM’s ACB is a circuit breaker that has passed the requirements of the IEC standard (IEC60947-2, low voltage switch facility, control facility, breaker) and KS standard (KSC4620) development test.
It is an easy-to-use premium circuit breaker with a short blocking time, and is designed to maximize user safety and protection.

  
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Traffic-Safety Systems

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[INQ. NO. 2404E10] G&I TECH Co., Ltd. is a company that develops, manufactures and sells traffic-safety systems, road studs, traffic-safety facilities, exit signs, exterior-lighting products, etc.
Earning recognition from the Korean government for outstanding quality and performance of solar LED road studs developed by its skilled researchers, the company obtained the certification of SME performance and the designation of excellent procurement product for the first time in Korea in 2017.

Thanks to its ceaseless R&D endeavors, the company was able to develop GIWICS (G&I Wireless Control System), a solar-powered wireless traffic-safety system using lighting facilities in 2018, and export it to 20 foreign markets, thereby taking the lead in the traffic safety sector.
In addition, after obtaining a patent and being designated as a public procurement service innovative product in recognition of its remarkable ideas and technology, GIWICS is widely used for road safety in Korea.
GIWICS, which is equipped with wireless solar power and IoT technology, is very suitable to the realization of smart roads and urban planning. As road traffic safety and environmental protection have become the biggest concerns in road traffic sectors worldwide, the integrated solution of GIWICS provided by G&I TECH will certainly play a key role in creating smart road conditions by protecting the environment and maximizing road safety for both drivers and pedestrians to safely lead their daily lives.
GIWICS uses solar energy instead of electricity and reads, controls, and adjusts the traffic environment in real time through a radio transmission and reception system (IoT) and GPS functions.
As an eco-friendly traffic-safety system, it can reduce installation and maintenance expenses and guarantee convenience for managers and safety for citizens through precise road-management using cutting-edge technology.


 
 
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Simulation-based Digital Twin Platform

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[INQ. NO. 2404E09] E8IGHT Co., Ltd. is a simulation-based digital twin platform company founded in 2012. Through 10 years of R&D, it developed Korea’s first particle-based simulation software NFLOW, and commercialized the digital twin platform, NDX PRO.
E8IGHT supports free surface analysis and chemical reaction analysis, which were previously impossible to analyze with the existing mesh-based simulation, and is expanding its solutions to the fields of automobiles, chemicals, electronics, manufacturing, and bio medical&healthcare.
Currently, E8IGHT is leading the digital transformation of the industry as a digital twin integrated builder.

Fluid dynamics simulation software (NFLOW)
NFLOW is a particle-based simulation solution, and includes NFLOW LBM, which has strengths in microscopic scale analysis such as manufacturing processes; and NFLOW SPH, which enables unlimited scale simulations, including macroscopic analysis such as factories, buildings, and urban disasters. NFLOW’s strength is its analysis speed, which is about 10-times faster than its competitors by applying its unique multi-GPU balancing technology.

Digital twin data platform (NDX PRO)
NDX PRO is a digital twin platform that is applied to various fields such as smart city, transportation, energy, and building twin data by combining element technologies such as simulation, IoT, and AR/VR.
The strong points of NDX PRO are that firstly it can be built flexibly regardless of the user interface, and secondly it supports unrestricted connectivity of data based on MSA.
A spokesperson for the company commented, “We are participating in the business as a digital twin integrated builder using NFLOW and NDX PRO in Korea’s two national pilot smart cities – Sejong and Busan – and we are promoting overseas exports of related solutions.”


  
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Korean Exports

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Korean Exports Continuing to Increase for Six Consecutive Months

Korea’s exports in March 2024 recorded US$56.56 billion, a 3.1% increase compared to the same month of last year. The trade balance, which subtracts imports from exports, was calculated to be a surplus of $4.28 billion.
According to the export trends for March 2024 announced by the Ministry of Trade, Industry and Energy (MOTIE), exports in March increased by $1.44 billion compared to the same month of last year, continuing an increase for six consecutive months. MOTIE found it encouraging that exports continued to increase in spite of poor conditions including working days.
By item, exports of seven out of 15 major export items increased. In particular, IT items (semiconductors, displays, computers, and wireless communication devices) all recorded positive figures for the first time in 24 months since March 2022.
Semiconductor exports (+35.7%), the largest export item, recorded $11.7 billion, the highest performance in 21 months since June 2022 ($12.3 billion). Display (+16.2%) and computer SSD (+24.5%) exports also increased for eight and three consecutive months, respectively. Exports of wireless communication devices (+5.5%) broke the negative trend that had lasted for three months and turned positive.
Ship exports increased by 102.1%, continuing a positive trend for eight consecutive months. The future outlook for the shipbuilding industry is bright as exports of high-value-added vessels such as container ships and LNG carriers are showing strong growth, and exports of offshore plants are also continuing.
Bio-health exports also increased by 10%, continuing the trend of increase for five consecutive months.
Korean exporters are continuously seeking to expand their business territories – and thus to elevate their global awareness in world markets.
For the 4th issue of Korea Buyers Guide (Electronics), we are about to introduce some Korean exporters with globally competitive export items.


  
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