Samsung Electronics, SK Hynix in talks with Biden administration to finalize semiconductor subsidies

SEOUL, November 21 (AJP) - The Biden administration is speeding up the disbursement of subsidies under the CHIPS Act to finish them within his term, with attention on the upcoming approval of subsidies for Samsung Electronics and SK Hynix, Korean conglomerates that committed to invest in the U.S. Concerns that President-elect Donald Trump, who has criticized the CHIPS Act several times, may attempt to neutralize the law after his inauguration in January have prompted these expedi

November 21, 2024

North Korean loudspeaker broadcasts become daily torment for border-town residents

Loudspeakers in North Korea are visible from Paju, Gyeonggi Province in South Korea on Sept. 5, 2024. Yonhap SEOUL, November 21 (AJP) - Residents living near the border with North Korea have been enduring deafening noise from loudspeaker broadcast blaring across the demilitarized zone for several months. In July, South Korea resumed propaganda broadcasts in response to a series of North Korean provocations including its bizarre campaign of sending trash-filled balloons toward the South

November 21, 2024

Hyundai Motor's first foreign CEO is strategic choice in bracing for Trump presidency

SEOUL, November 21 (AJP) - Hyundai Motor Company has named Jose Munoz as its new CEO, a move widely interpreted as a strategic response to the potential implications of a second Trump presidency in the United States. Munoz, who joined Hyundai in 2019 as President and Global COO, has a proven track record of success in North America. Under his leadership, Hyundai's market share in the region rose from 3.9% to 5.6% between 2018 and 2023. The company credits him with strengthenin

November 21, 2024

UN adopts resolution on North Korean human rights for 20th consecutive year

SEOUL, November 21 (AJP) - The UN General Assembly unanimously passed its resolution condemning North Korea's human rights violations on Wednesday. The annual resolution, adopted for the 20th consecutive year, condemns North Korea for "continuing to divert its resources into pursuing its unlawful nuclear weapons and ballistic missile programmes over the welfare of its people." "This is just the latest in a line of resolutions presented every year for the past 2

November 21, 2024

PHOTOS: Food Week takes place at COEX

SEOUL, November 21 (AJP) - The Food Week event is being held at COEX in Seoul from Nov. 20 to 23, 2024. Hosted by COEX and the Ministry of Agriculture, Food and Rural Affairs, the event features 1,054 companies from 31 countries, with 1,846 booths. Food Week is Korea's largest comprehensive food exhibition showcasing premium domestic and international food products, alternative food manufacturing, automated production, smart distribution, and farm technology, presenting the future of the

November 21, 2024

PHOTOS: Italian Michelin chef showcases Puglia cuisine in Seoul

SEOUL, November 21 (AJP) - Michelin-starred chef Cristina Bowerman demonstrated Mediterranean cooking techniques at a special event on Wednesday, as part of the Week of Italian Cuisine in the World. The showcase featured traditional recipes from Italy's Puglia region, known for its high-quality olive oil and diverse ingredients. The week-long event, running through November 24, is jointly organized by the Italian Embassy in Seoul, the Italian Cultural Institute, and other Italian organ

November 21, 2024

OPINION: Why Trump's election win fueled stock market surge

SEOUL, November 21 (AJP) - Following Donald Trump's victory in the U.S. presidential election, Bitcoin was one of the assets that surged in value. This was widely felt to be a response to Trump's promise to establish a strategic Bitcoin reserve – essentially holding a large stock of the cryptocurrency as a security. On Nov. 13, the week after Trump's win, Bitcoin broke through the US$90,000 (£71,340) price threshold for the first time, and the value of the gl

November 21, 2024

North Korean troops in Russia engaged in battles, spy agency confirms 

SEOUL, November 20 (AJP) - Part of North Korean troops deployed to Russia are believed to be engaged in battles under the command of Russia's airborne brigade or marine corps, South Korea's spy agency said on Wednesday. "Some 11,000 North Korean soldiers moved to Kursk in late October, after completing their training in northeastern Russa," lawmakers quoted an official from the National Intelligence Service (NIS) as saying in a closed-door meeting. Kursk is a Ru

November 20, 2024

KCCI to work with Singaporean institute to fight carbon emissions

SEOUL, November 20 (AJP) - South Korea’s Korea Chamber of Commerce and Industry (KCCI) has joined forces with Singapore’s non-profit Asia Carbon Institute (ACI) to strengthen the voluntary carbon market (VCM) in Asia, a region responsible for approximately 60% of global carbon emissions. The VCM is a market where entities not subject to mandatory emissions reduction targets, such as companies, local governments, and individuals, can voluntarily participate in carbon re

November 20, 2024

SK Hynix VP stresses adaptability to market shifts in HBM development

SEOUL, November 20 (AJP) - SK Hynix Executive Vice President Choi Woo-jin, head of the company’s Package & Test (P&T) division, emphasized the importance of technological preparedness and adaptability to market shifts. “Understanding market conditions and customer needs quickly is fundamental, and it’s important to consistently prepare technology that can support this,” Choi said in an interview published on the company’s newsroom on Tuesday.

November 20, 2024