LG Electronics expands R&D partnership to develop next-generation heat pump systems

SEOUL, June 20 (AJU PRESS) - LG Electronics is establishing a global R&D network spanning North America, Europe and Asia to develop advanced heat pump technologies as part of efforts to enhance its presence in the fast-growing market for heating, ventilation and air conditioning (HVAC) systems. LG said Thursday it has signed an agreement with three universities in Norway and Italy to form the European Consortium for Advanced Heat Pump Research (ECAHR) to develop heat pumps capa

June 20, 2024

News outlets scramble to combat AI-generated misinformation

The World Association of News Publishers (WAN-IFRA) issued its annual report "Innovation in News Media World Report 2024-25" in late May, highlighting major challenges faced by the global news industry. The following is the fourth and final installment in a four-part series summarizing key insights from the report. This part focuses on fact-checking. – Ed. SEOUL, June 20 (AJU PRESS) - News agencies, media outlets, and publishers worldwide are grappling with the growi

June 20, 2024

Montenegrin leader dogged by past investment in Terraform Labs

SEOUL, June 19 (AJU PRESS) - The prime minister of Montenegro is facing renewed controversy over his questionable prior investment in Terraform Labs, founded by Do Kwon, who is currently detained in the country in connection with the 2022 collapse of the company’s cryptocurrencies. A document recently submitted by the U.S. Securities and Exchange Commission to a New York court includes a list of 81 initial investors in Terraform Labs, with Prime Minister Milojko Spajić named a

June 19, 2024

LG Electronics, ChargePoint partner for EV charging business in U.S.

SEOUL, June 19 (AJU PRESS) - LG Electronics is joining forces with ChargePoint, the leading U.S. electric vehicle (EV) charging network operator, as the Korean company pushes to expand its presence in the world’s largest EV charging market. The two companies recently signed a partnership agreement to develop commercial charging solutions that will encompass LG’s hardware and ChargePoint’s charger management software, they announced Wednesday. First deliveries are e

June 19, 2024

Samsung Electronics sweeps 11 awards at InfoComm

SEOUL, June 19 (AJU PRESS) - Samsung Electronics picked up a record of 11 awards across multiple categories at InfoComm 2024, North America's largest display exhibition held in Las Vegas from June 12-14. The company's newly unveiled B2B integrated connection platform SmartThings Pro garnered five honors, lauded for its innovative enterprise solutions tailored to diverse business needs. It clinched Best Digital Signage Software and Best Large Scale Control Systems from Commer

June 19, 2024

Samsung smartphones to enhance Paris Olympic opening ceremony broadcast

SEOUL, June 18 (AJU PRESS) - Samsung Electronics will provide the Galaxy S24 Ultra to deliver an immersive viewing experience for the opening ceremony and sailing events of the 2024 Paris Olympics, the company said Tuesday. In collaboration with the International Olympic Committee (IOC) and Olympic Broadcasting Services (OBS), over 200 Galaxy S24 Ultra devices will be utilized for live broadcasting the July 26 opening ceremony parade along the River Seine and sailing competitions

June 18, 2024

Lotte hosts Korea Brand Expo in Mexico, generating 300 billion won in export deals

SEOUL, June 18 (AJU PRESS) - Lotte Corp., in collaboration with the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Federation of SMEs, organized the 2024 Korea Brand Expo in Mexico from Thursday to Sunday. The event, aimed at facilitating overseas market entry for Korean small and medium-sized enterprises (SMEs), resulted in export consultation deals worth approximately 300 billion won ($217 million). This marked the first time the Korea Brand Expo was held in Latin A

June 18, 2024

Korea surges to highest ever 20th in global competitiveness ranking

SEOUL, June 18 (AJU PRESS) - South Korea climbed eight notches to achieve its highest-ever global competitiveness ranking of 20th out of 67 economies, according to the 2024 results released by the Swiss-based IMD World Competitiveness Center on Tuesday. The stellar performance was driven by a 10-spot surge in enterprise efficiency to 23rd, offsetting declines in economic performance and government efficiency rankings. Productivity, the labor market, finance, manag

June 18, 2024

POSCO seeks to strengthen lithium business in Chile, Argentina

SEOUL, June 18 (AJU PRESS) - POSCO has engaged in talks with high-ranking officials in Argentina and Chile to secure additional lithium resources and enhance its lithium business for electric vehicle batteries. POSCO Holdings President Jeong Ki-seop met with Argentine Economy Minister Luis Caputo in Buenos Aires on June 12. He requested the Argentine government's support to include POSCO Group's lithium business in the state incentive regime for large investments called RIG

June 18, 2024

News outlets embrace freemium models to enhance readers' engagement and revenue

The World Association of News Publishers (WAN-IFRA) issued its annual report "Innovation in News Media World Report 2024-25" in late May, highlighting major challenges faced by the global news industry. The following is the third in a four-part series summarizing key insights from the report. This third installment focuses on freemium models. – Ed. SEOUL, June 18 (AJU PRESS) - The news industry is transitioning from metered paywalls to freemium models, which offer a

June 18, 2024