It's not eInk but a transflective LCD, so in fact, completely different technology-wise. While it has faster refresh rate, it is not bi-stable, has lower contrast, worse viewing angles, etc. The main thing it has in common with eInk is that it works without a backlight.
‘Quite high’ is still not what you’d think of as ‘quite high’ if you’d never experienced earlier versions of eink though.
LTT on YouTube has some video reviews of Dasung’s displays. I know tastes vary when it comes to LTT - and they focus on some ridiculous things in the reviews (Can you game on them? Obviously, no.) but if you get past that I do think the videos do a a good job of showing how the monitors feel.
If anyone has pointers to how this mode works I'd be interested. It's 160dpi, which is lower than some eInk displays but faster refresh rate is good. Not using PWM to manage brightness is also good.