Latest news
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Korea, Viet Nam agree to expand bilateral trade volume
SEOUL, July 01 (AJU PRESS) - Korea and Viet Nam will expand mutual exchanges in various economic sectors to reach a bilateral trade volume of more than $150 billion by 2030, the Ministry of Trade, Industry and Energy said during a business forum held in central Seoul on Monday. Organized by the Korea Chamber of Commerce and Industry (KCCI), the forum was attended by Trade Minister Ahn Duk-geun, Vietnamese Prime Minister Pham Minh Chinh, and KCCI Chief Cho Hyun-sang. About 450 attend
July 1, 2024 -
SK Group eyes massive investment in AI, semiconductors
SEOUL, July 1 (AJU PRESS) - SK Group aims to secure 80 trillion won ($57.9 billion) by 2026 to invest in artificial intelligence, advanced chips and other new growth sectors, Korea's second-largest conglomerate said. The plan was unveiled during a group-wide management meeting on growth strategies and subsidiary restructuring held on Friday and Saturday. About 30 top-level executives, including CEOs from major subsidiaries, attended the meeting at the SKMS Research Institute in
July 1, 2024 -
N. Korea fires two ballistic missiles after trilateral exercise in S. Korea
SEOUL, July 01 (AJU PRESS) - North Korea fired two ballistic missiles eastward early Monday morning, South Korea's Joint Chiefs of Staff (JCS) said. A short-range ballistic missile was launched from an area near South Hwanghae Province at around 5:00 a.m. and another some 15 minutes later. They flew about 600 kilometers and 120 kilometers, respectively. Monday's launch occurred just two days after a trilateral miliary exercise involving South Korea, the U.S., and Japan
July 1, 2024 -
Seoul ranked fifth among most livable Asian cities
SEOUL, July 1 (AJU PRESS) - Seoul has been ranked the fifth most livable Asian city, according to a survey released last week. The survey of 173 countries, by the Economist Intelligence Unit (EIU), a think tank affiliated with business magazine The Economist, evaluated them based on five key categories: stability, healthcare, culture and environment, education, and infrastructure. Vienna came first with 98.4 points out of 100, followed by Copenhagen (98), Zurich (97.1), Melbourne
July 1, 2024 -
Korea's exports to China hit 40-year low amid trade structure shifts
SEOUL, July 1 (AJU PRESS) - Korea's exports to China fell by 19.9 percent in 2023, marking the steepest decline in four decades, according to a report released by the Korea International Trade Association (KITA) on Monday. The trade balance with China also shifted to a deficit for the first time since 1992, reaching a record of 25 trillion won ($18.1 billion). The report attributes this significant shift to changes in both China's trade structure and Korean companies
July 1, 2024 -
Apple's new OLED iPads boost display makers' prospects
SEOUL, July 1 (AJU PRESS) - The launch of Apple's first iPad Pro models equipped with organic light-emitting diode (OLED) displays is set to boost the display market and the fortunes of key suppliers. Market research firm DSCC projects a 202 percent increase in OLED tablet unit sales and a 632 percent surge in revenue for 2024, driven by the new 11-inch and 13-inch iPad Pro devices. LG Display and Samsung Display are key providers of these advanced panels, each supplying 50
July 1, 2024 -
Korean regulator moves to sanction AliExpress for e-commerce law violations
SEOUL, July 1 (AJU PRESS) – The Korea Fair Trade Commission (KFTC) has launched formal proceedings to punish AliExpress, a subsidiary of the Chinese e-commerce giant Alibaba Group, for alleged violations of e-commerce laws. The regulator has recently sent a sanctions deliberation report to AliExpress Korea regarding its failure to properly register as an online shopping mall operator, according to industry sources on Monday. The KFTC says that while AliExpress Korea registe
July 1, 2024 -
PHOTOS: Clogged storm drains worsen flood risks in Seoul
SEOUL, June 28 (AJU PRESS) - The bustling district of Gangnam in southern Seoul is notorious for recurrent flooding during the annual monsoon season. Apart from geographical factors, experts point to a more manageable issue: clogged storm drains. Specialists argue that debris-filled drains significantly impair the area's drainage efficiency. Litter and fallen leaves obstruct the system, increasing flood risks during heavy rains. A particular concern is the frequent disposal of cigarett
June 28, 2024 -
Fresh report reveals grave human rights abuses in N. Korea
SEOUL, June 28 (AJU PRESS) - The Ministry of Unification Thursday released an extensive report detailing North Korea's human rights abuses. The 482-page-long report, the second of its kind, aims to raise awareness about the egregious human rights violations in North Korea, similar to U.S. State Department's annual Country Reports on Human Rights Practices. This year's edition, compiled from over 150 new testimonies from North Korean defectors, provides a detailed a
June 28, 2024 -
Annual celebrations to spotlight women entrepreneurs next week
SEOUL, June 28 (AJU PRESS) - The government and business organizations will celebrate Women Entrepreneurship Week next week with various events highlighting the achievements and challenges of women business owners. The third annual festival will take place in Seoul and 18 other regions across the country from Monday to Friday, under the theme "K-Women Entrepreneurs: Opening New Opportunities on the World Stage." The government has designated the first week of July as W
June 28, 2024
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PHOTOS: Paris kicks off Olympics with outdoor spectacle despite glitches
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Korea pins hopes on key disciplines as Paris Olympics open with riverfront ceremony amid rail chaos
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PHOTOS: Retro street in central Seoul faces uncertain future
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PHOTOS: Seoul Summer Beach transforms Gwanghwamun into urban water park
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PHOTOS: Incheon Airport gears up for summer travel boom
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From lovebugs to nutrias: Korea grapples with growing threat of alien species
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Dark web drug ring with 4,000 buyers busted
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Defense chiefs of S. Korea, US, Japan to meet in Tokyo next week
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Actor Yu Ah-in booked on allegations of sexually assaulting man in his 30s
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Amid e-commerce settlement dispute, Tmon begins refunds after customers occupy office