CJ to launch Bibigo dumplings at New Zealand supermarkets

SEOUL, August 21 (AJU PRESS) - CJ CheilJedang will launch its Bibigo brand dumplings at New Zealand’s two major supermarket chains, the Korean food company said Wednesday. Its Bibigo Homestyle Mandu Pork Dumplings and Pork & Kimchi Flavored Dumplings will be available in New World and Pak'nSave stores, starting with Auckland in early September. These two products, already available in ethnic markets across Australia and New Zealand, will gradually expand to stores n

August 21, 2024

Robot makes pizza, coffee at high-tech convenience store

SEOUL, August 21 (AJU PRESS) - A new high-tech convenience store operated by G25 is pushing the boundaries of retail automation with robots that make pizza, coffee and ice cream. The 220-square-meter store, called "GroundBlue49," recently opened in Insa-dong, Seoul’s center of traditional culture and arts, the leading convenience store chain said Wednesday. The company plans to use the location as a testbed for commercializing new retail technologies. The store

August 21, 2024

Samsung showcases glasses-free 3D monitor at German gaming fair

SEOUL, August 21 (AJU PRESS) - Samsung Electronics is showcasing its latest gaming monitors, including a glasses-free 3D display model, at gamescom 2024 in Germany. The world's biggest gaming exhibition opened in Cologne on Wednesday (local time) for a five-day run with about 1,400 companies participating. The Korean tech giant has set up its largest-ever exhibition space, spanning 800 square meters. At the forefront of its offerings is the Odyssey 3D, which won the Best o

August 21, 2024

Korea to provide 1.6 trillion won in financial support to vendors hit by e-commerce payment delays

SEOUL, August 21 (AJU PRESS) - The Korean government on Wednesday announced a 1.6 trillion won ($1.2 billion) financial support package to assist vendors affected by payment delays from e-commerce platforms Tmon and WeMakePrice. The decision was unveiled during an economic ministers' meeting held to discuss measures to address the ongoing crisis. The government estimates the total amount of overdue payments at 818.8 billion won. The support measures include low-interest lo

August 21, 2024

Korean companies make record showing at this year's gamescom

SEOUL, August 20 (AJU PRESS) - Korean video game developers are set to make their largest-ever presence at gamescom 2024, Europe's premier gaming exhibition, which opens on Wednesday in Cologne, Germany. Major companies including Nexon, Krafton, Pearl Abyss and Hybe IM will showcase new titles to both consumers and industry professionals, marking a significant increase in Korean participation compared to last year, when Hybe IM was the only major Korean company with a standalone

August 20, 2024

South Korea, Malaysia resume FTA negotiations after five-year hiatus

SEOUL, August 20 (AJU PRESS) - South Korea and Malaysia resumed free trade negotiations in Kuala Lumpur on Tuesday after a five-year pause, Seoul officials said. The fourth round of talks will continue until Friday, with an expanded agenda that includes investment and service sectors, according to the Ministry of Trade, Industry, and Energy. The last round of talks was held in September 2019. Malaysia is Korea’s third-largest trading partner and fourth-largest investmen

August 20, 2024

Amorepacific's Hera expands into Thai market

SEOUL, August 20 (AJU PRESS) - Hera, a contemporary beauty brand under Amorepacific, has officially launched in Thailand, marking a significant step in its global expansion strategy. The brand’s first Thai store opened on Aug. 8 in Bangkok’s Central Chidlom department store, located in the bustling Chidlom shopping district. The launch event attracted 200 global media representatives and influencers, featuring brand introductions, makeup demonstrations and beauty routine

August 20, 2024

Online retailer's shutdown fuels fears of wide re-commerce crisis in Korea

SEOUL, August 20 (AJU PRESS) - The sudden closure of online retailer Allets is sparking fears of a wider crisis in Korea’s e-commerce industry. The company, which sells furniture and home appliances, announced on its website Friday that it would cease operations on Aug. 31 due to "unavoidable management circumstances." The notice came amid an ongoing e-commerce payment crisis that led to two platforms, Tmon and WeMakePrice, seeking court rehabilitation late last

August 20, 2024

Golden years blues: Korea's elderly take tough jobs to make ends meet

SEOUL, August 19 (AJU PRESS) - For 30 years, Kim climbed the ranks in the electronics industry, moving from circuit engineer to chip sales manager. Now in his late 50s and early retirement, he works as a taxi driver, spending 10 hours a day behind the wheel — a career turn he never anticipated. “It’s far from easy,” said Kim, who lives in Anyang, south of Seoul. “As a night-shift taxi driver, I often pick up intoxicated passengers, and minor altercation

August 19, 2024

Samsung extends TV market leadership as LG reigns in OLED segment

SEOUL, August 19 (AJU PRESS) - Samsung Electronics and LG Electronics on Monday reported strong performances in the global TV market, each dominating different segments in the first half of 2024. Samsung said that it continued its reign as the overall global TV market leader for the 19th consecutive year, citing data from market research firm Omdia. The company achieved a 28.8 percent market share by value and 18.3 percent by volume. Samsung's success was driven by its n

August 19, 2024