[CES 2025] Soosan Group eyes AI integration for global growth

LAS VEGAS, January 9 (AJP) - Chung Suk-hyun, chairman of Soosan Group, a South Korean nuclear power equipment manufacturer, has vowed to strengthen the company's global market presence through the adoption of artificial intelligence (AI) and innovative approaches. Speaking to Aju Business Daily at the CES 2025 in Las Vegas, Chung, a recipient of the inaugural Aju Innovation Leader Grand Awards, emphasized the need for pioneering technologies to compete on the global stage. &q

January 9, 2025

[CES 2025] Health tech innovations take center stage at CES 2025

LAS VEGAS, January 8 (AJP) - The health technology sector is a major focus at CES 2025, with exhibitors showcasing a range of AI-powered medical devices and assistive technologies designed for an aging population. The Korean Pavilion, featuring innovations from Gwangju, Seongnam, Daejeon, and Seoul, is a hub for these cutting-edge developments. One standout is Skeeper's AI stethoscope, which integrates a thermometer, camera, and expandable memory. This versatile device offe

January 9, 2025

Korean food firms see surge in revenue thanks to strong overseas sales

SEOUL, January 9 (AJP) - More than 10 South Korean food manufacturers surpassed 3 trillion won ($2.05 billion) in annual revenue in 2024, driven by strong overseas demand for Korean beverages, snacks, and tofu products. According to data from financial analysis firm FnGuide released Thursday, Lotte Chilsung Beverage is projected to lead the pack with 4.07 trillion won in revenue, a 26.4 percent increase from the previous year. Other major players exceeding 4 trillion won include CJ

January 9, 2025

Mercury drops to coldest this winter

SEOUL, January 9 (AJP) - A biting cold hit the entire country on Thursday, with temperatures in Seoul plunging below -10 degrees Celsius, the coldest day of this winter. According to the Korea Meteorological Administration, the morning low in Seoul fell to -10.2 degrees, but the wind chill effect made it feel even colder, bringing the temperature down by 5 to 10 degrees. The lowest morning temperatures were -16.9 degrees in Daegwallyeong in Gangwon Province, -13.6 degree

January 9, 2025

[CES 2025] SK hynix's memory development outpacing Nvidia's demands, Chey says

LAS VEGAS, January 8 (AJP) - SK hynix's development of high-bandwidth memory (HBM) chips is now advancing faster than Nvidia's requirements, SK Group Chairman Chey Tae-won said. He made the remark on Wednesday after meeting with Nvidia CEO Jensen Huang during CES in Las Vegas. "Previously, SK hynix's development pace lagged slightly behind Nvidia's, and they were asking us to speed up our development. But recently, it could be said that our development spee

January 9, 2025

South Korea, Pakistan begin economic partnership talks

SEOUL, January 9 (AJP) - South Korea and Pakistan officially launched negotiations for an Economic Partnership Agreement (EPA) on Thursday, marking a significant step in Seoul's efforts to expand its trade footprint in Southwest Asia. The EPA, a broader agreement than a traditional free trade deal, aims to deepen economic ties between the two nations. Pakistan, with its strategic location bordering China and India, is seen as a crucial market in the evolving Asian economic lands

January 9, 2025

Toyota Motor charts bold path toward sustainability amid fierce competition

Editor's Note: This article is the second installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, January 7 (AJP) - Japan's Toyota Motor Corp., the world’s largest automaker, is doubling down on its commitment to sustainable mobility as it faces mounting pressure from rivals and rapid shifts in the global auto industry. The Japanese automotive gian

January 9, 2025

Bills for independent probe into Yoon and first lady scrapped once again in National Assembly

SEOUL, January 8 (AJP) - Bills proposing independent prosecutors to investigate President Yoon Suk Yeol and his wife Kim Keon Hee over several allegations including Yoon's botched martial law debacle last month were scraped in the National Assembly on Wednesday. The bills, which had passed during a plenary session last month after Acting President Choi Sang-mok's veto, failed to secure enough votes to override the veto, with 198 and 196 votes in favor each, falling short of

January 8, 2025

[CES 2025] Korean AI startups break language barriers at tech show

LAS VEGAS, January 8 (AJP) - South Korean AI-based language tech startups are drawing attention at CES 2025 with cutting-edge multilingual technologies. Flitto, a crowdsourcing translation platform, is providing its AI-powered Live Translation service free of charge during the four-day event that began in Las Vegas on Tuesday. The service offers real-time Korean translations of key speeches from industry leaders, including Nvidia CEO Jensen Huang, X CEO Linda Yaccarino and Delta

January 8, 2025

Netflix's megahit series 'Squid Game' tops non-English show chart for second consecutive week

SEOUL, January 8 (AJP) - Netflix's megahit South Korean series "Squid Game" has remained at the top of its chart for the non-English shows for the second consecutive week after its release late last month, the U.S. streaming giant said on Wednesday. Despite mixed reactions to the dystopian thriller's second season since its release on Dec. 26, it garnered 58.2 million views during the week ending last Sunday, securing the top spot in over 90 countries. It has ac

January 8, 2025