Latest news
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KAI signs deal for mass production of Korea's homegrown jet fighters
SEOUL, June 25 (AJU PRESS) - Korea Aerospace Industries (KAI) signed an agreement with the government to commence mass production of South Korea's homemade fighter jet, the KF-21, the nation's sole aircraft maker said Tuesday. The contract with the Defense Acquisition Program Administration (DAPA), valued at 1.96 trillion won ($1.41 billion), calls for the production of 20 KF-21 units to be delivered starting in 2026. "The KF-21 will serve as a true symbol of self-re
June 25, 2024 -
Government, KRX to facilitate new carbon credit trading system
SEOUL, June 25 (AJU PRESS) – The Ministry of Environment said Tuesday it will sign an agreement with the Korea Exchange (KRX) and other institutions for cooperation in launching a new carbon credit trading system next year. The government plans to allow brokerages to trade carbon emissions permits starting in the first half of next year, in a move to make it more accessible and convenient for businesses. The ministry will sign a memorandum of understanding with KRX, the Gre
June 25, 2024 -
Veteran recounts harrowing memories on Korean War anniversary
SEOUL, June 25 (AJU PRESS) - Tuesday marked the 74th anniversary of the 1950-53 Korean War. The war was triggered by North Korea's surprise attack on South Korea at dawn on June 25, 1950, claiming hundreds of thousands of lives. Although an armistice signed in 1953 halted three years of fighting, the demilitarized zone (DMZ) still separates the two Koreas along the 38th Parallel. Of over one million Korean war veterans, only 37,953 are alive as of May 2024, according to the Mini
June 25, 2024 -
Samsung to add four languages to Galaxy AI real-time interpretation capabilities
SEOUL, June 25 (AJU PRESS) - Samsung Electronics announced plans to add four new languages -- Swedish, Dutch, Romanian, and Turkish -- to its Galaxy AI real-time interpretation service by year-end. The on-device function currently supports 16 languages, including Korean, Chinese, English, French and Japanese. Samsung emphasizes that Galaxy AI language models undergo both quantitative evaluations of linguistic features and grammar, as well as qualitative assessments of cultural kn
June 25, 2024 -
LG Uplus launches AI model ixi-GEN targeting B2B market
SEOUL, June 25 (AJU PRESS) - Korean telecom company LG Uplus Corp. unveiled its proprietary small large language model (sLLM) ixi-GEN on Tuesday, aiming to expand its presence in the business-to-business (B2B) artificial intelligence market. The AI model, based on LG AI Research's EXAONE, has been trained on LG Uplus' telecom and platform data. The company plans to initially implement ixi-GEN in eight of its services, including chat agents and mobile store advisors, before t
June 25, 2024 -
S. Korea, US agree to cooperate on diplomatic intelligence sharing
SEOUL, June 25 (AJU PRESS) - South Korea and the U.S. have signed a memorandum of understanding to share diplomatic intelligence and other information, Korea's Ministry of Foreign Affairs said Tuesday. The ministry highlighted that Seoul and Washington agreed on the importance of strengthening exchange and cooperation for diplomatic intelligence due to rapidly-changing geopolitical situations. The two countries have been working closely on this matter since early this year. T
June 25, 2024 -
Over six in 10 Koreans prefer eco-friendly vehicles for future purchases
Electric vehicles charging in a parking lot. Yonhap SEOUL, June 25 (AJU PRESS) – More than six out of 10 adults in South Korea intend to buy environmentally friendly cars, including hybrid or electric vehicles (EVs), when replacing their current car, a survey showed Tuesday. The survey, conducted by OpenSurvey with 1,500 adults, found that 39.7 percent of respondents prioritize hybrid vehicles for their next purchase, while 24.1 percent favor EVs. Traditional gasoline vehicles w
June 25, 2024 -
SK C&C partners with Japan's Carbon X to boost carbon credit trading
SEOUL, June 25 (AJU PRESS) - Korean IT services provider SK C&C has signed a memorandum of understanding (MOU) with CarbonEX, Japan's leading carbon credit trading platform, to enhance cooperation in carbon neutrality efforts and stimulate carbon credit trading, the company said on Tuesday. The partnership aims to explore ways to interconnect their respective voluntary carbon credit platforms, potentially allowing Korean and Japanese companies to freely purchase and trade ov
June 25, 2024 -
Vietnamese prime minister to meet Korean business leaders during Seoul visit
SEOUL, June 25 (AJU PRESS) - Vietnamese Prime Minister Pham Minh Chinh will meet with Korean business leaders next week during his visit to Seoul aimed at boosting economic cooperation between the two countries, corporate sources said. Chinh will attend the Korea-Vietnam Business Forum, organized by the Korea Chamber of Commerce and Industry (KCCI), at the Lotte Hotel in Seoul next Monday. The forum will be attended by about 300 Korean participants, including Minister of Trade, I
June 25, 2024 -
PHOTOS: Korea hosts international conference on carbon reduction
SEOUL, June 25 (AJU PRESS) – The Ministry of Trade, Industry and Energy and the Korea Trade-Investment Promotion Agency opened the two-day Global Net Zero Connection 2024 conference in Seoul on Monday to discuss international cooperation to reduce greenhouse gas emissions. About 160 representatives from seven countries, four international organizations, and 60 domestic and foreign companies are participating in the event, which includes forums, inter-government talks and business consul
June 25, 2024
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PHOTOS: Retro street in central Seoul faces uncertain future
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PHOTOS: Seoul Summer Beach transforms Gwanghwamun into urban water park
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PHOTOS: Incheon Airport gears up for summer travel boom
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From lovebugs to nutrias: Korea grapples with growing threat of alien species
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Dark web drug ring with 4,000 buyers busted
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Defense chiefs of S. Korea, US, Japan to meet in Tokyo next week
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Actor Yu Ah-in booked on allegations of sexually assaulting man in his 30s
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Amid e-commerce settlement dispute, Tmon begins refunds after customers occupy office
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Peruvian Embassy in Seoul celebrates Independence Day
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Korea Eximbank, IDB sign $300 million co-financing deal for Latin America infrastructure projects