Yoon stresses 'high-level communication' with Beijing, while maintaining strong alliance with US

SEOUL, November 19 (AJP) - President Yoon Suk Yeol has stressed the importance of maintaining cooperative ties with both the U.S. and China. In an interview with Brazilian daily Folha de S.Paulo, Yoon, who is in Peru for the G20 summit, said, "The United States and China are, for , very important partners of cooperation. So, I consider it not a case of choosing one or the other country." The bilateral alliance with the U.S. is a "comprehensive global s

November 19, 2024

Disruptions loom as subway workers threaten full-scale strike

SEOUL, November 19 (AJP) - Unionized subway workers in Seoul said they will go on a full-scale strike on Dec. 6. Seoul Metro, which operates subway lines 1 through 8, threatened to strike unless their demands for higher wages as well a s better working conditions including the hiring of more staff to ensure safety are met, during a press conference in front of Seoul City Hall on Tuesday. Concerns are mounting over possible severe disruptions to railway services, as the Ko

November 19, 2024

Samsung to unveil extended reality platform by year-end

SEOUL, November 19 (AJP) - Samsung Electronics plans to unveil its Extended Reality (XR) platform by the end of this year, with a potential device launch in the third quarter of 2024, industry sources said on Tuesday. TM Roh, head of Samsung's Mobile Experience (MX) division, announced at the Galaxy Z Fold6 and Flip6 Unpacked event in Paris last July that the company would "create the ecosystem first before launching the device," suggesting the platform will focus on

November 19, 2024

CJ CheilJedang will work with Morgan Stanley to sell bio division: reports

SEOUL, November 19 (AJP) - South Korea's leading food manufacturer CJ CheilJedang has selected Morgan Stanley as the lead manager to sell its bio business division, according to media reports. The sale, reported by the Investment Bank on Monday, could fetch several trillion won with the proceeds expected to be used for future mergers and acquisitions to strengthen the company's global food business operations. The move comes as part of CJ CheilJedang's broader strat

November 19, 2024

Lotte Group plagued by rumors of liquidity problem

SEOUL, November 19 (AJP) - Lotte Group's major listed subsidiaries saw their stock prices stabilize one day after a sharp decline, triggered by rumors of a liquidity crisis. On Nov. 16, two YouTube channels posted videos about Lotte Group's supposed crisis, with rumors claiming the company would declare a moratorium and lay off 50 percent or more of employees in its retail subsidiaries next month. These rumors led to a sell-off of Lotte Group's stocks, with Lotte G

November 19, 2024

Hyodol's caregiver robot selected into state-run startup procurement platform

SEOUL, November 19 (AJP) - An artificial intelligence-powered companion robot developed by Hyodol has been selected as a supplier on a state-run platform dedicated to supporting innovative products from startups, the Korean robot maker said Tuesday. The platform, called Venture Nara, is operated by South Korea's Public Procurement Service to help startups and venture businesses. Products with excellent technology and quality are evaluated and designated as innovative startup p

November 19, 2024

OPINION: After 1,000 days of Ukraine war, Europe must prepare for Trump-brokered peace deal by asserting its own interests

SEOUL, November 19 (AJP) - Since Donald Trump was reelected on Nov. 5, speculation about what his presidency will mean for the war in Ukraine, which has now entered its 1,000th day, has become frenzied. It is easy to be skeptical of Trump's campaign assertion that he would end the war in 24 hours even before taking office in January 2025. But all the signs clearly point in the direction of a serious diplomatic push by Trump to force Moscow and Kyiv to agree on a ceasefire and po

November 19, 2024

PHOTOS: Nexon Foundation holds exhibition at Deoksugung Palace

SEOUL, November 18 (AJP) - The Nexon Foundation is hosting an exhibition titled "SHAPING TIME: IN SEARCH OF ANOTHER WORLD" at Deoksugung Palace, featuring works by 10 artists including National Intangible Cultural Heritage craftsmen and contemporary artists. The artists have created pieces inspired by Nexon's games. The exhibition runs from Nov. 19 to Dec. 1, 2024. Visitors can participate in on-site events where they can purchase merchandise and receive postcards containing cou

November 19, 2024

PHOTOS: Winning works from the Macau Design Award on display in Seoul

SEOUL, November 18 (AJP) - The Dongdaemun Design Plaza (DDP) launched "Macao Design Award - Seoul (DDP)," a special exhibition celebrating the 30th anniversary of the Macao Design Association and DDP's 10th anniversary, featuring winning works from the Macau Design Award 2023 alongside pieces by Korean and Macanese designers. The exhibition, which runs through Dec. 12 at DDP Design Lab's Jandi Sarangbang, showcases creative poster designs exploring the intersection of typogr

November 18, 2024

Subway workers to go on strike

SEOUL, November 18 (AJP) - Commuters are expected to experience delays and disruptions as unionized subway workers plan to go on strike if their demands are not met. Seoul Metro, which operates subway lines 1 through 8, said Monday that over 70 percent of its 9,450 union members voted in favor of a strike. They are set to announce their detailed strike plans in front of the City Hall in the capital on Tuesday. The union members held several rounds of negotiations with manageme

November 18, 2024