Opinion: Fewer cities can afford to host Olympics, but Paris 2024 may be clever enough to turn profit

SEOUL, July 31 (AJU PRESS) - Many of the world's best athletes are currently competing in the first Olympic Games to be held in Paris since 1924. The French capital is buoyant with excitement and its local businesses filled with paying tourists from all over the world. Indeed, it's difficult not to be tempted into booking a weekend getaway to see the spectacle up close. But are the Olympics really a good deal for host cities? The evidence suggests a resounding no. Host citie

July 31, 2024

VISUALS: Expanded water park opens in front of Olympic Park

SEOUL, July 30 (AJU PRESS) - The Songpa District in eastern Seoul has opened its popular Olympic water park with expanded facilities and new attractions. The water park, located in front of Olympic Park, operates from July 27 to August 17. The facility has more than doubled in size, growing from 650 square meters last year to 1,550 square meters this year. The water park features various pool types, including a flowing water pool, a slide pool, and a swimming pool, along with spinning tub

July 30, 2024

ASEAN-Korea Center to hold youth workshop session for discussions on digitalization and climate change

SEOUL, July 30 (AJU PRESS) - The "ASEAN-Korea Youth Network Workshop," set to take place in Seoul and Laos, aims to enhance communication between young people from Korea and ASEAN countries and engage them in discussions about digitalization and climate change, the ASEAN-Korea Center said Tuesday. The ASEAN-Korea Youth Workshop, an annual event since its inception in 2012, is designed to connect young people from Korea with their counterparts from ASEAN member countries,

July 30, 2024

SK hynix unveils world's fastest graphics memory chip

SEOUL, July 30 (AJU PRESS) - SK hynix on Tuesday unveiled its next-generation graphics memory chip, GDDR7, boasting a 60 percent increase in operation speed and 50 percent improvement in power efficiency compared to its predecessor. With speeds of up to 32Gbps, expandable to 40Gbps in certain environments, GDDR7 can process over 1.5TB of data per second when integrated with the latest graphics cards, the company said. This is equivalent to processing 300 Full-HD movies in just one s

July 30, 2024

Court freezes assets, debts of e-commerce firms amid payment crisis

SEOUL, July 30 (AJU PRESS) — A Seoul court on Tuesday ordered a freeze on the assets and debts of struggling e-commerce platforms Tmon and WeMakePrice, just a day after they filed for corporate rehabilitation amid a growing payment delay crisis. The Seoul Bankruptcy Court issued a preservation order to prevent the debtors from disposing of their assets, and a comprehensive stay order to prevent creditors from enforcing their claims against the debtors. The court p

July 30, 2024

Actor Cho Jung-seok takes flight in cross-dressing comedy 'Pilot'

SEOUL, July 30 (AJU PRESS) - Actor Cho Jung-seok, known for his comedic prowess, returns to the big screen with his upcoming comedy "Pilot," set to hit theaters later this week, once again proving his exceptional talent in the genre. "I just watched the completed version of the film for the first time since filming, and I was very satisfied as scenes in the film were almost similar to what I had imagined," the 43-year-old actor said in an interview with Aju Press

July 30, 2024

Japanese-born Korean judoka wins silver at Paris Olympics

SEOUL, July 30 (AJU PRESS) - Japanese-born Korean judoka Huh Mi-mi won silver after losing to Christa Deguchi of Canada at the Summer Olympics in Paris, France on Monday. She was disqualified on penalty in the women's -57 kg category amid a controversial ruling for a false attack, which refers a deceptive move where a judoka pretends to attack without having a genuine intention to do so. With Huh's medal, Korea secured its first medal in eight years in judo since Jeong Bo

July 30, 2024

Korea honors Viet Nam war veterans with new uniforms

SEOUL, July 29 (AJU PRESS) - To mark the 60th anniversary of sending troops to the Viet Nam War, around 175,000 Korean war veterans are set to be honored with new uniforms starting this week, according to the Ministry of Patriots and Veterans Affairs. Since late May, the ministry has been accepting applications, and about 75 percent of them or about 132,000 eligible veterans have signed up for a set of beige-colored uniforms which include a jacket, trousers, and ties. During th

July 30, 2024

LG Electronics expands EV charging business in partnership with Seoul City

SEOUL, July 30 (AJU PRESS) - LG Electronics signed a memorandum of understanding (MOU) with Seoul City on Tuesday to expand electric vehicle charging infrastructure and develop more user-friendly charging solutions. Under the agreement, LG will supply various charging solutions, including both fast and slow chargers, to meet diverse needs. The company plans to install over 50 rapid chargers in public spaces across Seoul by 2026. Additionally, LG will introduce at least 10 robot

July 30, 2024

Qoo10 chief's excessive expansion blamed for financial troubles of Korean e-commerce platforms

SEOUL, July 30 (AJU PRESS) - The CEO of Singapore-based e-commerce company Qoo10 is facing intense scrutiny in Korea as its two local platforms, Tmon and WeMakePrice, are grappling with a payment delay crisis attributed to his aggressive business expansion strategy. The Justice Ministry banned Qoo10 CEO Ku Young-bae from leaving the country on Monday as part of criminal investigations into Ku and the chief executives of its local subsidiaries. The probes were prompted by a complaint

July 30, 2024