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Hanwha Q Cells sells solar project in Washington state
SEOUL, October 02 (AJP) - Korea's solar energy solutions provider Hanwha Q Cells has sold a 142-megawatt solar power project in Washington state to Puget Sound Energy (PSE), the largest utility company in the region, the company said on Wednesday. The financial terms of the deal were not disclosed. Hanwha said it will continue to supply equipment and provide engineering, procurement and construction (EPC) services for the project, which is expected to be completed by the end of
October 2, 2024
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Seoul court backs Korea Zinc share buyback amid control battle
SEOUL, October 02 (AJP) - A Seoul court on Wednesday allowed Korea Zinc Inc. to continue acquiring its own shares to defend against what it calls a hostile takeover bid by its largest shareholder, Young Poong, and the private equity firm MBK Partners. Young Poong and MBK are seeking to secure management control of the world's largest zinc smelter by acquiring an additional 7 to 14.6 percent stake through a tender offer from Sept. 13 to Oct. 4. They filed an injunction with th
October 2, 2024
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SME body promotes Korean food, beauty products at US event
SEOUL, September 30 (AJP) - The Korea Federation of SMEs (KBIZ) has promoted Korean food and beauty products at a major Korean cultural event in the United States. The LA Korean Festival, with around 400,000 annual attendees, is one of the largest multicultural festivals in the western U.S. It features traditional cuisine, beauty products, and K-pop entertainment. This year, the festival took place at the Seoul International Park in Los Angeles over four days, starting on Thursday.
September 30, 2024
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Diet sensation Queen Wasabi named face of health supplement company Foodology
SEOUL, September 30 (AJP) - Korean rapper Queen Wasabi, who gained attention for her recent drastic weight loss, has become the brand ambassador for local health supplement company Foodology. Queen Wasabi, whose real name is Kim So-hee, lost 16 kilograms over 2 1/2 months before performing at the Waterbomb music festival in early July. The rapper, who debuted in 2019, is known for her unique style and confident performances. Her weight loss regimen included diet, exercise and con
September 30, 2024
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Samsung's AI-powered mobile devices surpass 20 million units in Korea
SEOUL, September 30 (AJP) - Samsung Electronics said Monday the number of its mobile devices with artificial intelligence features in South Korea have exceeded 20 million units. The company launched Galaxy AI with the Galaxy S24 smartphone series in January, followed by the Galaxy Z Flip6, and the Galaxy Z Fold6 in July. Samsung has also extended AI capabilities to previous models, including the S23 and S22 series, Z Flip5, Z Fold5, Z Flip4, Z Fold4, and select Galaxy Tab model
September 30, 2024
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Telegram pledges stern action against illegal content
SEOUL, September 30 (AJP) - Messaging app service Telegram has promised to take stern action against illegal content on its platform, South Korea's Korea Communications Standards Commission (KCSC) said Monday. The telecom regulator and Telegram held their first face-to-face talks on Friday following a massive deepfake porn scandal involving Telegram in August. KCSC Chairman Ryu Hee-lim said Telegram has committed to a zero-tolerance approach to crimes and agreed to cooperate
September 30, 2024
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Qoo10 CEO questioned in e-commerce fraud probe
SEOUL, September 30 (AJP) -- The prosecution investigating a payment delay scandal involving e-commerce platforms Tmon and WeMakePrice on Monday questioned the chief executive officer of their Singapore-based parent company, Qoo10 Group. The two Korean firms have been embroiled in a financial crisis since July, unable to settle payments with merchants on their platforms. Qoo10 CEO Koo Young-bae is suspected of diverting funds from the companies to assist with corporate acquisitio
September 30, 2024
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Study exposes suspected Chinese trolls targeting Korean industries
SEOUL, September 29 (AJP) - Suspected Chinese online accounts were found to have conducted comment campaigns to manipulate public opinion on key industries where South Korea and China are in fierce competition, according to a study released Sunday. The research, conducted by Professors Kim Eun-young of Catholic Kwandong University and Hong Suk-hoon of Changwon National University, analyzed comments on articles about electric vehicles, batteries, e-commerce and others on online platf
September 29, 2024
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Woori Bank expands international teller services
SEOUL, September 27 (AJP) - Woori Bank said Friday that it is expanding its teller services for foreign customers by establishing Global Desks at four additional branches and introducing Sunday operations at select locations. International services are now available at its headquarters branch in central Seoul for U.S. and Chinese nationals, at the Gwanghui-dong Financial Center for Mongolian and Russian clients, at the Uijeongbu Financial Center for Thai and Cambodian clients, and a
September 27, 2024
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Samsung faces fines over radiation exposure incident
SEOUL, September 27 (AJP) - Samsung Electronics faces fines and a possible prosecution investigation over a radiation exposure accident at its plant in May, which Korea’s nuclear safety regulator has determined was caused by deliberately disabled safety devices. The incident occurred at the tech giant’s Giheung plant in Yongin, south of Seoul, when two employees were repairing an X-ray device used to analyze semiconductor wafer components. Both workers received radia
September 27, 2024
