Latest news
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Korean Air signs deal to buy up to 50 Boeing planes
SEOUL, July 23 (AJU PRESS) - Korean Air has agreed to purchase up to 50 new aircraft from Boeing, marking its largest aircraft acquisition to date. The deal, worth about $30 billion, includes 20 777-9 and 20 787-10 planes, with an option for 10 additional 787-10s. The memorandum of understanding was signed at the Farnborough International Airshow in Hampshire, U.K. Walter Cho, chairman of Hanjin Group, and Stephanie Pope, president of Boeing Commercial Airplanes, attended the ceremo
July 23, 2024 -
Top food delivery app Baemin faces backlash over fee hike plan
SEOUL, July 23 (AJU PRESS) - Korea's largest food delivery app, Baedal Minjok (Baemin), is facing regulatory scrutiny and public criticism following its announcement to raise commission fees for restaurants. The company, which controls over 60 percent of the market, plans to increase its commission rate from 6.8 percent to 9.8 percent starting next month. Baemin is operated by Woowa Brothers, which is owned by Germany’s Delivery Hero. Civic groups are accusing Baemin
July 23, 2024 -
Kakao founder arrested on charges of stock manipulation
SEOUL, July 23 (AJU PRESS) - Kim Beom-su, the founder of Kakao Corp., was arrested Tuesday on charges of stock manipulation linked to the tech giant's takeover of SM Entertainment in 2023. Judge Han Jeong-seok of the Seoul Southern District Court issued an arrest warrant for Kim, citing concerns that he may destroy evidence and flee. The prosecution requested the arrest warrant last Wednesday on charges of violating the Financial Investment Services and Capital Markets Act.
July 23, 2024 -
Suspicious border activities in N. Korea suggest growing instability amid elite defections
SEOUL, July 23 (AJU PRESS) - North Korea has been building walls and digging holes along the border with South Korea, recent satellite images suggest. An analysis of satellite photos from American earth-imaging company Planet Labs shows newly-elected structures resembling walls along the Demilitarized Zone (DMZ), an area already heavily-fortified with landmines and high fences. Construction of these structures seemed to have started early this year, as they were not seen until at l
July 23, 2024 -
PHOTOS: Cho Kuk visits national cemetery following election as party leader
SEOUL, July 22 (AJU PRESS) - Former Justice Minister Cho Kuk visited the Seoul National Cemetery on Monday, following his election as the leader of the minor Rebuilding Korea Party on Saturday. Cho was the only candidate in the leadership election of the party, which he founded before the April parliamentary elections. He received an overwhelming 99.9 percent approval in a yes-or-no vote.
July 22, 2024 -
Koreans' chicken consumption peaks during summer
SEOUL, July 22 (AJU PRESS) - Koreans consumed an average of 26 chickens per person last year, according to a survey conducted by the Korea Rural Economic Institute. The survey of 2,000 adults nationwide released on Monday revealed that each Korean ate around 20 local chickens and six imported ones. Per-capita annual chicken consumption in Korea was a just 1.4 kilograms in 1970, but rose to 7.8 kilograms in 2003 and 17.6 kilograms so far this year. The survey also shows that Korea
July 22, 2024 -
PHOTOS: Middle-aged job fair draws crowds
SEOUL, July 22 (AJU PRESS) - The 4050 Job Fair for middle-aged and senior job seekers was held at Dongdaemun Design Plaza in Seoul on Monday. Hosted by the Seoul Metropolitan Government and organized by the Seoul 50 Plus Foundation, the event featured more than 70 companies interested in hiring middle-aged and older workers, offering on-site interviews, job consulting, and various work experience programs.
July 22, 2024 -
KB Kookmin launches Indonesian service on mobile banking platform
SEOUL, July 22 (AJU PRESS) - KB Kookmin Bank has launched Indonesian language services on its mobile banking platform, "KB Star Banking," the major Korean lender announced Monday. Along with Indonesian, the platform offers multilingual services in nine other languages, including English, Chinese, Vietnamese, Thai and Russian. Through this new service, Indonesian speakers will be able to access account and transaction history, inquire about exchange rates, and use overse
July 22, 2024 -
N. Korean athletes arrive in Paris for first Olympic appearance in 8 years
SEOUL, July 22 (AJU PRESS) - North Korean athletes arrived in Paris on Sunday, about a week ahead of the Summer Olympics in the French capital. Upon arrival at the Paris Charles de Gaulle Airport, about two dozen North Koreans, including sports officials, avoided media encounters by using separate gates while the French police kept onlookers from approaching them. The isolated country's Olympic participation marks its return after eight years, following its absence from the
July 22, 2024 -
LG OLED evo crowned best TV by global consumer publications
SEOUL, July 22 (AJU PRESS) - LG Electronics' artificial intelligence-powered OLED evo TV has secured top rankings in performance evaluations by consumer publications across 14 countries. The premium TV dominated reviews in key markets like North America and Europe. In the United States, Consumer Reports awarded it the highest score among 334 models tested, stating, "It's among the best TVs you can buy." The UK's "Which?" enthused, "The TV is a
July 22, 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