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Hyundai Mobis posts 31.6% jump in Q3 operating profit
SEOUL, October 25 (AJP) - South Korean auto parts maker Hyundai Mobis Co. reported on Friday that its operating profit increased by 31.6 percent year-on-year to 908.6 billion won ($669.5 million) in the third quarter, driven by high-margin core component sales and cost reduction measures. Revenue fell by 1.6 percent to 14 trillion won, with the module and core parts manufacturing division experiencing a 4.5 percent decline to 10.94 trillion won, impacted by the slowdown in EV demand
October 25, 2024
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CJ CheilJedang recallls Bibigo dumplings over plastic contamination
SEOUL, October 25 (AJP) - South Korea's leading food manufacturer CJ CheilJedang is recalling certain batches of Bibigo-branded kimchi dumplings because of possible plastic contamination. The recall covers 400-gram packages of Bibigo Authentic Kimchi Dumplings with an expiration date of June 23, 2025, the Ministry of Food and Drug Safety said on Thursday. "We are voluntarily initiating this recall with consumer safety as our top priority and will strengthen our quality c
October 25, 2024
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Samsung expands Galaxy AI language support to 20 languages
SEOUL, October 24 (AJP) - Samsung Electronics announced it will expand its Galaxy AI language support from 16 to 20 languages, adding Dutch, Romanian, Swedish, and Turkish, with the new language packs available for download from late October. The AI features include real-time call interpretation, chat assistance, note assistance, text conversion, and browsing assistance across multiple Samsung devices, including the Galaxy Fold6, Flip6, S24 series, and Tab S10 series. The existin
October 24, 2024
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Hyundai Motor reports drop in quarterly operating profit on warranty costs
SEOUL, October 24 (AJP) - SEOUL, October 24 (AJP) - South Korea's largest automaker Hyundai Motor reported a 6.5 percent decline in third-quarter operating profit to 3.58 trillion won (US$2.59 billion), falling short of market expectations due to warranty-related provisions in the United States. Revenue rose 4.7 percent to 42.93 trillion won, marking the highest third-quarter sales in the company's history, despite a 3.2 percent decline in global sales volume to 1.01 million
October 24, 2024
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LG Electronics Q3 profit falls despite record sales
SEOUL, October 24 (AJP) - SEOUL, October 24 (AJP) - LG Electronics reported record third-quarter sales of 22.18 trillion won (US$16.4 billion) on Thursday, but operating profit fell 20.9 percent from a year earlier to 751.9 billion won as higher logistics costs and LCD panel prices squeezed margins. The South Korean tech giant's key home appliance division posted an operating profit of 527.2 billion won on sales of 8.34 trillion won, while its entertainment unit, which includes
October 24, 2024
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LG CNS introduces ERP testing solution to Japan
SEOUL, October 24 (AJP) - Korea's IT solutions provider LG CNS introduced its automated testing solution, PerfecTwin ERP (enterprise resource planning) Edition, in Japan. The company said Thursday it showcased the solution at Japan IT Week Autumn, the country's largest IT exhibition, held in Chiba from Wednesday to Friday. The solution, specifically designed for German software firm SAP SE's SAP ERP systems, utilizes actual transaction data rather than sampling to ver
October 24, 2024
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SK hynix posts record quarterly earnings on AI chip boom
SEOUL, October 24 (AJP) - South Korean chipmaker SK hynix on Thursday reported its highest-ever quarterly sales and profits, driven by surging demand for artificial intelligence memory chips. The world's second-largest memory chip manufacturer said in a regulatory filing it posted 17.57 trillion won ($13 billion) in revenue for the third quarter, up 93.8 percent from a year earlier. Operating profit was 7.03 trillion won ($5.2 billion), swinging from an operating loss of 1.79
October 24, 2024
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Korea's economy edges up 0.1% in third quarter
SEOUL, October 24 (AJP) - South Korea's economy grew by just 0.1 percent in the third quarter, the Bank of Korea said Thursday, falling well short of the central bank's August forecast of 0.5 percent. Korea's real gross domestic product (GDP) regained growth momentum in the July-September period after a 0.2 percent contraction in the second quarter, which followed unexpected growth of 1.3 percent in the first quarter. Exports fell 0.4 percent in the third quarter, dra
October 24, 2024
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SK bioscience's influenza vaccine approved in Indonesia
SEOUL, October 23 (AJP) - SK bioscience, which has developed South Korea's first domestically produced COVID-19 vaccine, said Wednesday its influenza vaccine received approval from Indonesia's Food and Drug Agency. The vaccine, Skycellflu Quadrivalent Prefilled Syringe, is the first Korean vaccine to be approved in the world's fourth most populous country. The World Health Organization predicts the circulating strains of influenza for both the Northern and Southern He
October 23, 2024
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LG Electronics unveils software kit for AI home robot at global conference
SEOUL, October 23 (AJP) - LG Electronics said Wednesday it released a software development kit (SDK) for its mobile AI home hub robot "Q9" at ROSCon 2024, the world's largest robotics conference in Denmark this week. The SDK allows developers to create custom applications for the robot, which was first introduced at CES earlier this year. The Q9, equipped with multimodal sensing capabilities including voice, sound, and image recognition, can move around spaces on wh
October 23, 2024
