Samsung, LG win big at CES 2025

SEOUL, November 15 (AJP) - Samsung Electronics and LG Electronics received numerous innovation awards at CES 2025, one of the world’s largest electronics show, the Consumer Technology Association announced Thursday. Samsung secured 29 awards — 16 in video displays, four in home appliances, five in mobile devices, three in semiconductors and one for Harman International. They included four Best Innovation Awards. The company's C-Lab startups garnered an additional

November 15, 2024

Kim Jong-un calls for mass production of attack drones

SEOUL, November 15 (AJP) - North Korean leader Kim Jong-un has ordered the mass production of attack drones, state media said on Friday. "The suicide attack drones to be used within different striking ranges are to perform a mission to precisely attack any enemy targets on the ground and in the sea," the North's state-run Korean Central News Agency (KCNA) reported. According to KCNA, Kim expressed satisfaction during his on-site inspection of a drone test the previo

November 15, 2024

Samsung SDI clinches four CES awards

SEOUL, November 15 (AJP) - South Korean battery manufacturer Samsung SDI Co. announced on Friday that it has secured four Consumer Electronics Show (CES) 2025 Innovation Awards in the company's first apply. Samsung SDI's winning entries include the PRiMX battery series for electric vehicles (EV) featuring high-nickel cathode technology, a wireless-enabled battery module, an energy storage system with thermal diffusion prevention, and a high-power cylindrical battery for prof

November 15, 2024

Hyundai Motor names first foreign CEO

SEOUL, November 15 (AJP) - Hyundai Motor Co. appointed Jose Munoz as its new chief executive officer on Friday, marking the first time a foreign national has led South Korea's largest automaker since its establishment in 1967. Munoz, who joined Hyundai in 2019 as president of the North American operations, has been serving as the Global Chief Operating Officer. The Spanish-born executive's term will begin at the start of next year. He will succeed Chang Jae-hoon, who has

November 15, 2024

Korean firms face increased pressure from U.S. policy shifts

SEOUL, November 15 (AJP) - South Korean industries are growing increasingly anxious as U.S. policies, including the potential abolition of EV subsidies and re-designation of Korea as a currency manipulation watchlist country, threaten to intensify economic and trade pressures. The U.S. Department of the Treasury added seven countries -- China, Japan, Korea, Singapore, Taiwan, Vietnam and Germany -- to its semiannual list of currency manipulators under observation on Thursday, signal

November 15, 2024

PHOTOS: Pop-up store for Netflix series 'Arcane' dazzles visitors

SEOUL, November 15 (AJP) - A pop-up store featuring Netflix series "Arcane" opened in southern Seoul last week, coinciding with the release of its second season. "Arcane" is an animated steampunk action series based on the lore and characters of multi-player online game "League of Legends." The spacious area measuring 366 square meters at Shinsegae Department Store provides visitors with an opportunity to play games, including "Wild Rift," the mobile

November 15, 2024

OPINION: Trump's pick of Marco Rubio for foreign policy might be hopeful sign for NATO

SEOUL, November 15 (AJP) - Almost all of Donald Trump's nominees for critical positions within his presidential administration have been non-traditional. Fox News presenter Pete Hegseth was just named as Trump's possible defense secretary. Alongside Elon Musk, pharmaceutical company entrepreneur Vivek Ramaswamy has been tapped to lead a newly named Department of Government Efficiency. With little background in border protection, South Dakota governor Kristi Noem has been nom

November 15, 2024

Samsung Electronics plunges on Trump policies, AI chip woes

SEOUL, November 14 (AJP) - Samsung Electronics shares fell below 50,000 won ($38) for the first time in four and a half years on Thursday, amid concerns about its artificial intelligence chip business and uncertainties surrounding U.S. policies under a second Trump administration. The stock closed at 49,900 won, down 1.38 percent from the previous day, marking its lowest level since June 15, 2020. The plunge pushed the tech giant's market value to 297.89 trillion won. Foreign

November 14, 2024

PHOTOS: Over 520,000 students sit for college entrance exam

SEOUL, November 14 (AJP) - About 522,670 students took the annual university entrance exam at 1,282 test venues across the country on Thursday. Among them, some 161,784 were retakers, the highest in 21 years since 2004, as a growing number of candidates are seeking admission into medical schools following the government's plans to increase the admission quota for medical students. According to admissions officers and lecturers specializing in the annual exam, this year's test was e

November 14, 2024

Blockchain expert Michael Casey stresses need for building trust in digital assets

Michael Casey speaks during the Upbit D Conference held at the Shilla Hotel in Seoul on Nov. 14, 2024. AJP Han Jun-gu SEOUL, November 14 (AJP) - Michael Casey, chairman of the Decentralized AI Society (DAIS), emphasized the importance of establishing trust in digital assets on Thursday at a conference in Seoul. At the Upbit D Conference (UDC) 2024 held at a hotel in Seoul, Casey emphasized that a core issue in past financial crises was the breakdown of trust in institutions. He proposed

November 14, 2024