Apple's EU fee cuts spotlight South Korea's unfulfilled promise to curb app store 'commission abuse'

SEOUL, June 27 (AJP) - Electronics giant Apple's decision to slash app store fees in Europe is putting fresh pressure on South Korea's government to deliver on President Lee Jae Myung's campaign promise to tackle what critics call "commission abuse" by big tech platforms. The iPhone maker announced sweeping changes to its European app store policies on Thursday, cutting maximum commission rates from 30 percent to 15 percent and allowing developers to promote al

June 27, 2025

Musinsa'high-end concept store sees 60 percent surge in foreign customer sales in first half

SEOUL, June 27 (AJP) - Foreign customer transactions at Musinsa Empty Seongsu, the high-end fashion concept store operated by South Korean fashion platform Musinsa, surged 61 percent in the first half of 2025 compared to the same period last year, the company announced on Friday. International visitors now account for approximately 56 percent of total offline sales at the Seongsu location, Seoul's iconic hipster district, highlighting the store as a must-visit fashion destinati

June 27, 2025

AI dispatch system helps food deliverymen avoid motor accidents: Study

SEOUL, June 27 (AJP) - A study has found that an artificial intelligence-based logistics system developed by Woowa Youths, the logistics unit of food delivery giant Woowa Brothers, has significantly reduced motor accident rates among its delivery workers. The findings were presented this week at an international academic conference in Cyprus, the company said Friday. The research was unveiled on Wednesday at Statistical Challenges in E-Commerce Research (SCER 2025), a major global

June 27, 2025

Samsung heir Lee Jae-yong awaits Supreme Court ruling on merger case next month

SEOUL, June 27 (AJP) - Samsung Electronics Chairman Lee Jae-yong will receive a Supreme Court ruling on Jul. 17 regarding charges related to the 2015 merger between Samsung C&T and Cheil Industries. Lee was acquitted of all 19 charges in an appeals court ruling in February, maintaining his innocence in a case that has lasted nearly five years since prosecutors first filed charges in September 2020. The case centers on the 2015 merger that combined Samsung C&T and Cheil I

June 27, 2025

Xiaomi to launch flagship smartphone in South Korea as it challenges Samsung on home turf

SEOUL, June 27 (AJP) - Chinese smartphone maker Xiaomi is to launch its flagship "Xiaomi 15" smartphone during the grand opening of its very first offline store Mi Store in South Korea on Saturday, as the Chinese elctronics giant takes a bold step into the notorious South Korean market often dubbed “graveyard of foreign smartphone brands” where Samsung maintains its strong grip, with Apple capturing the hearts of young consumers. Along with the flagship smartph

June 27, 2025

US Senate passes resolution commemorating Korean War anniversary

SEOUL, June 27 (AJP) - The U.S. on Thursday adopted a resolution commemorating the 75th anniversary of the outbreak of the Korean War, reaffirming its alliance with South Korea. According to U.S. Senator Dan Sullivan of Alaska, the Senate unanimously passed the resolution coinciding with the anniversary, which recognizes "important lessons from the war, particularly the imperative of maintaining military readiness in defense of the United States and its allies." The res

June 27, 2025

Hanwha Aerospace secures full-supply engine contract for KF-21 fighter jet

SEOUL, June 27 (AJP) - Hanwha Aerospace announced on Jun. 26 that it has signed an additional contract worth 623.2 billion won ($458 million) with South Korea's Defense Acquisition Program Administration (DAPA) to supply engines for South Korea’s next-generation KF-21 “Boramae” fighter jet. This latest deal follows a 556.2 billion won agreement signed in June last year, bringing the total value of engine supply contracts for the first mass-production batch to

June 27, 2025

IFA chief expects Samsung and LG appliance subscription services to spread across Europe

SEOUL, June 27 (AJP) - Home appliance subscription services offered by Samsung Electronics and LG Electronics represent a win-win solution for both consumers and companies that will likely expand to European markets including Germany, according to the head of the Internationale Funkausstellung Berlin (IFA), a major consumer electronics show, on Thursday. Leif Lindner, CEO of IFA, told reporters at a press briefing in Seoul's COEX that subscription models reduce upfront costs f

June 27, 2025

Concerns grow in Seoul as Washington signals push to raise defense spending from Asian allies

SEOUL, June 27 (AJP) - Speculation has been growing that the U.S. could pressure South Korea and other Asian countries to shoulder a greater share of security costs, after NATO allies agreed earlier this week in the Hague, the Netherlands, to spend 5 percent of their gross domestic product (GDP) on defense. Amid these developments, a White House spokesperson was quick to say on Thursday that if European allies can increase their defense spending, Asian allies can do the same. &qu

June 27, 2025

S. Korea starts dismantling of Kori-1 nuclear reactor after final green light

SEOUL, June 27 (AJP) - South Korea has begun dismantling its first commercial nuclear reactor, Kori-1, following final approval from the Nuclear Safety and Security Commission on Thursday. The project, led by Korea Hydro & Nuclear Power (KHNP), is expected to span 12 years, ending with full site restoration by 2037. Kori-1, located in Gijang County, Busan some 320 kilometers (198 miles) southeast of Seoul, was a 595-megawatt pressurized water reactor built by Westinghouse. It

June 27, 2025