AJU PRESS - ASIA NEWS HUB

Industry

Samsung's Tizen OS adopted by luxury German TV brand LOEWE SEOUL, July 15 (AJU PRESS) - Samsung Electronics announced Monday its Tizen operating system will be installed in LOEWE's premium TV lineup, "Stellar." LOEWE, a century-old German brand known for high-end home cinema products, will now offer Samsung's TV Plus, Gaming Hub, and SmartThings services through Tizen OS. Tizen OS, developed by Samsung, is one of the world's largest TV platforms, powering over 270 million Samsung smart TVs as of 2023. It provides a wid July 15, 2024
Shinhan Bank provides digital consultation service for foreign customers SEOUL, July 15 (AJU PRESS) - Shinhan Bank has launched a digital consultation service to help foreign customers more easily access and manage their banking needs, the company announced on Monday. The service, called "Shinhan Global Plus," is designed to assist foreign customers in using Shinhan's digital lounge and video consultation-based channels. The digital lounge is equipped with digital desks and smart kiosks, with concierge staff on hand to ensure that anyone ca July 15, 2024
LG Chem to supply membranes for Oman's largest desalination plant SEOUL, July 15 (AJU PRESS) - LG Chem announced on Monday it will supply 23,000 reverse osmosis (RO) membranes to GS Inima, the contractor for Oman's Ghubrah III Desalination Project. The plant, set to become Oman's largest when operational in the first quarter of 2027, will produce 300,000 cubic meters of fresh water daily, serving 2.5 million people in the capital area, according to the company. Reverse osmosis is a water purification process that uses a partially permeabl July 15, 2024
Korean defense, crypto stocks rise in wake of Trump assassination attempt SEOUL, July 15 (AJU PRESS) - Korean defense and cryptocurrency stocks rose Monday amid growing investor expectations for Donald Trump’s win in the U.S. presidential election after an assassination attempt at a campaign event. As of 9:23 a.m. (1223 GMT), Hanwha Aerospace was trading at 262,000 won ($189.4), up 3.35 percent from the previous trading day. LIG Nex1 was trading at 255,000 won, up 4.37 percent, or 9,500 won, from the previous day. Hyundai Rotem and Hanwha Systems al July 15, 2024
LG Electronics gets international certification for autonomous mobile robot SEOUL, July 15 (AJU PRESS) - LG Electronics has become the first Korean company to receive a certification from global testing and certification firm DNV for a low-profile Autonomous Mobile Robot (AMR). This certification, crucial for European exports, verifies the robot's safety design and redundant control functions. The AMR, an advanced logistics robot that autonomously navigates, utilizes a safety controller that monitors sensor signals in real-time to ensure safe decelera July 15, 2024
Number of young Korean YouTubers earning over 100 million won annually more than doubles SEOUL, July 15 (AJU PRESS) - The number of Korean YouTubers and social media content creators under 30 years old earning more than 100 million won ($72,400) annually has more than doubled in two years, according to data from the National Tax Service (NTS) on Monday. The NTS reported that in 2022, 1,324 YouTubers aged in their 20s or younger reported incomes exceeding 100 million won, up from 528 in 2020. They accounted for the largest portion among high earners, followed by those i July 15, 2024
LG Electronics launches air solution laboratory in Germany SEOUL, July 15 (AJU PRESS) - LG Electronics has established a new Air Solution Laboratory in Frankfurt, Germany, expanding its heating, ventilation, and air conditioning (HVAC) research capabilities beyond Korea and the U.S. The 1,000-square-meter facility will develop high-efficiency climate solutions tailored to European conditions, testing residential, commercial and industrial products. The lab will manage the European Consortium for Advanced Heat Pump Research and recruit local July 15, 2024
Samsung Electronics invests in U.S. DNA sequencing firm Element Biosciences SEOUL, July 12 (AJU PRESS) - Samsung Electronics on Friday announced its participation as a strategic investor in U.S. DNA sequencing firm Element Biosciences' recent $277 million Series D funding round. The San Diego-based company founded in 2017 is known for its high-accuracy, cost-effective DNA sequencing technology. Element's flagship product, the mid-sized DNA sequencing machine AVITI, was launched in 2022. The company aims to expand globally and develop new technologie July 12, 2024
KB Bank to offer mobile banking service to Islamic organization in Indonesia SEOUL, July 12 (AJU PRESS) - KB Bank Syariah (KBBS), the Indonesian subsidiary of Korea's KB Kookmin Bank, has secured an exclusive deal to provide digital financial services to Muhammadiyah, a major Muslim group in Indonesia. KBBS said Thursday it signed an agreement with PT Surya Finansial Utama, the digital business unit of Muhammadiyah. With the agreement, KBBS will support the digital applications used by affiliated organizations and individual members of Muhammadiyah, a July 12, 2024
Korea raises minimum wage above 10,000 won for first time SEOUL, July 12 (AJU PRESS) - South Korea set next year’s minimum wage at 10,030 won ($7.70) per hour on Friday, marking the first time the rate has exceeded the 10,000 won threshold. The Minimum Wage Commission voted 14-9 to approve the 1.7 percent increase after labor representatives walked out in protest. Management had proposed 10,030 won, while labor sought 10,120 won. The modest hike, the second-lowest since 2021, reflects ongoing economic concerns. Based on a 40-hour July 12, 2024