Samsung showcases AI-powered home appliances in Mexico City

SEOUL, June 04 (AJP) - Samsung Electronics unveiled its latest line of artificial intelligence-powered home appliances at a regional tech event in Mexico City, as the South Korean tech giant ramps up efforts to expand its footprint in the Latin American market. The “2025 Latin America Tech Seminar” brought together about 60 media representatives and industry professionals from 13 countries, including Brazil, Chile, Colombia and Mexico. The event marked the regional de

June 4, 2025

Business groups urge new president to focus on economic recovery

SEOUL, June 4 (AJP) - South Korean business groups called on President Lee Jae-myung to revitalize the country’s flagging economy and position it as a global economic heavyweight amid mounting domestic and international challenges. In a series of statements issued Tuesday, business leaders asked the new administration to prioritize economic stability, bolster industrial competitiveness, and enact reforms aimed at restoring growth in a nation grappling with sluggish consumption

June 4, 2025

SK hynix overtakes Samsung to claim top spot in global DRAM market

SEOUL, June 04 (AJP) - SK hynix surpassed Samsung Electronics in the first quarter of 2025 to become the world’s largest supplier of DRAM chips, according to data released Tuesday by market research firm TrendForce. It marks the first time the memory chipmaker has claimed the top position in the global DRAM market, long dominated by its larger domestic rival. The global DRAM industry recorded $27.01 billion in revenue for the quarter ending in March, a 5.5 percent decline f

June 4, 2025

Lee Jae-myung promises pro-labor policies, aiming to revive economy

SEOUL, June 3 (AJP) - Lee Jae-myung, presidential candidate of the liberal Democratic Party, is projected to win South Korea’s snap presidential election held Tuesday, with exit polls showing him ahead with 51.7 percent of the vote. His conservative rival Kim Moon-soo of the People Power Party follows with 39.3 percent, according to a joint exit poll survey by public broadcasters KBS, MBC, and SBS. The 61-year-old former Gyeonggi Province governor is seeking to implement sw

June 3, 2025

INTERVIEW: Beauty brand Moumou founder turning tutorials into sales

SEOUL, June 02 (AJP) - For Yu Hyeon-gyeong, a veteran makeup artist with two decades of experience, the path from the broadcast studio to beauty entrepreneurship was anything but planned. Yet since launching her cosmetics brand, Moumou, in December 2023, she has quietly built a devoted following — driven largely by a steady stream of tutorial-focused Instagram content. “The secret to our success? Merely Instagram,” she said in a recent interview at her Cheongdam

June 2, 2025

Police probe overseas IP addresses in SK Telecom cyber attack

SEOUL, June 2 (AJP) - South Korean authorities have identified foreign internet addresses linked to the recent cyberattack on SK Telecom and are coordinating with at least three countries as part of an expanding international investigation, police said on Monday. During a press briefing, Park Hyun-soo, acting chief of the Seoul Metropolitan Police Agency, said that cybercrime teams are analyzing server log records tied to malicious code discovered in the breach. “We have fo

June 2, 2025

Korea eyes LMR batteries for EVs to bridge gap between range, affordability

SEOUL, June 02 (AJP) - South Korea’s battery manufacturers are fast-tracking efforts to commercialize lithium manganese-rich (LMR) batteries, a next-generation chemistry that industry leaders see as a crucial middle ground between cost-efficiency and performance in electric vehicle (EV) technology. The push marks a strategic pivot for an industry long dominated by two competing battery types: nickel-cobalt-manganese (NCM) batteries, prized for their high energy density but s

June 2, 2025

UAE in talks with TSMC to build advanced chip plant

SEOUL, June 2 (AJP) - The United Arab Emirates is in preliminary discussions with Taiwan Semiconductor Manufacturing Company (TSMC) to build a cutting-edge semiconductor fabrication facility as Gulf nations accelerate efforts to position themselves at the forefront of the global artificial intelligence race. TSMC has reportedly held multiple meetings in recent months with Steve Witkoff, the U.S. special envoy to the Middle East, and representatives of MGX Fund Management, a UAE-base

June 2, 2025

Samsung in talks to integrate Perplexity AI in Galaxy S26: report

SEOUL, June 02 (AJP) - Samsung Electronics is in discussions to integrate technology from Perplexity AI into its next generation of smartphones, potentially marking a significant departure from the firm's long-standing reliance on Google’s artificial intelligence services. The proposed deal, first reported by Bloomberg, would see Samsung embedding Perplexity’s AI assistant and search tools in its upcoming Galaxy S26 series, expected to launch in the first half of 2

June 2, 2025

Fans flock to Incheon for K-pop's global gathering

SEOUL, June 02 (AJP) - Thousands of K-pop fans from across the globe converged on Incheon’s Inspire Entertainment Resort over the weekend for the 2025 Weverse Con Festival, the fourth installment of Hybe’s annual music celebration. Spanning two days, the event drew such a surge of international visitors that local restaurants within the sprawling resort struggled to accommodate the influx. The festival has evolved into a global pilgrimage for fans of Korean pop music,

June 2, 2025