Latest news
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Opinion: The financial markets and reality
KENOSHA, September 25 (AJP) - There is continuing economic growth and related positive news. Above all, inflation is declining toward the established Federal Reserve target of two percent. Fed Chairman Jerome Powell and colleagues at the Federal Reserve Board of the United States have therefore cut interest rates by fully one-half percent. Interest rates are going down, reflecting the new concern with unemployment. Stock declines have been concentrated in volatile technology sect
September 25, 2024 -
North Korean leader's sister sulks again over US submarine's visit to South Korea
SEOUL, September 25 (AJP) - North Korean leader Kim Jong-un's sister Yo-jong on Tuesday launched another tirade over the recent arrival of a nuclear-armed U.S. submarine here. She also vowed that the North will "continuously and limitlessly" enhance its nuclear arsenal. North Korea's "nuclear war deterrent to cope with and contain various threats from outside is bound to be bolstered up both in quality and quantity continuously and limitlessly," Kim said
September 25, 2024 -
OPINION: AI is fueling deepfake porn crisis in Korea. What's behind it – and how can it be fixed?
SEOUL, September 25 (AJP) - It's difficult to talk about artificial intelligence without talking about deepfake porn – a harmful AI byproduct that has been used to target everyone from Taylor Swift to Australian school girls. But a recent report from startup Security Heroes found that out of 95,820 deepfake porn videos analyzed from different sources, 53 percent featured Korean singers and actresses – suggesting this group is disproportionately targeted. So, what&
September 25, 2024 -
Nat'l football team's head coach denies nepotism in his appointment
SEOUL, September 24 (AJP) - Hong Myung-bo, the head coach of the Korean men's national football team, came under intense scrutiny on Tuesday as he appeared before lawmakers at the National Assembly. During a parliamentary session of the Culture, Sports and Tourism Committee attended by Hong and other officials from the Korea Football Association (KFA) including chairman Chung Mong-gyu, calls were made for clarification regarding the controversies surrounding his appointment in J
September 24, 2024 -
Korea Zinc rejects hostile takeover bid
SEOUL, September 24 (AJP) - Korea Zinc, a leading global non-ferrous metal refiner, on Tuesday rejected a hostile takeover bid by Young Poong and its partner, private equity firm MBK Partners. In a press conference, Vice Chairman Lee Je-joong labeled the bid as “predatory behavior” and warned that a takeover could lead to the leakage of core technologies abroad, jeopardizing South Korea’s industrial competitiveness. Lee said Korea Zinc’s employees are co
September 24, 2024 -
Korean short-story collection longlisted for French literary award
SEOUL, September 24 (AJP) - Korean novelist Park Sang-Young's queer novel has been longlisted for France's prestigious literary award. The French edition of "Love in the Big City," released in August this year, is vying for the Prix Médicis, one of the most prestigious literary awards recognizing works of fiction annually in France. Other included works are "Question 7" by Australian author Richard Flanagan, "The MANIAC" by Chilean nov
September 24, 2024 -
North Korea celebrates victory at U-20 Women's World Cup with rare coverage
SEOUL, September 24 (AJP) - North Korea was quick to report its victory in the FIFA U-20 Women's World Cup held in Colombia, with its state-run newspaper Rodong Sinmun featuring the coverage prominently on the front page on Tuesday. Under the headline, "The country's proud daughters who raised our great state's honor," the daily praised the women's football team's 1-0 victory over Japan in the final match held over the weekend. It is rare for the iso
September 24, 2024 -
Lawmaker claims Google's possible tax evasion in Korea
SEOUL, September 24 (AJP) - A recent analysis by Rep. Choi Soo-jin of the People Power Party has raised concerns about Google Korea's potential tax evasion. The lawmaker's study, conducted in collaboration with Professor Jeon Seong-min of Gachon University, suggests the tech giant significantly underreported its revenue and tax obligations in South Korea. According to the analysis, Google Korea's declared revenue for 2023 was a mere 365.3 billion won ($270 million),
September 24, 2024 -
DeepBrain AI showcases AI memorial service at global forum
SEOUL, September 24 (AJP) - Korean artificial intelligence firm DeepBrain AI showcased its AI memorial service "Re;memory" at a global business forum recently held in Yeongjongdo, Incheon. The company said on Monday that the service, developed in collaboration with Korean funeral service provider PreedLife Co., uses DeepBrain AI's technology to create AI-generated videos of deceased individuals based on a single photograph and a 10-second voice sample. The AI avat
September 24, 2024 -
CJ CheilJedang to supply Korean dumplings to Qantas Airways
SEOUL, September 24 (AJP) - Korea's leading food manufacturer CJ CheilJedang announced on Tuesday it will provide its Bibigo brand dumplings as in-flight meals for Australia's flag carrier Qantas Airways. The culinary company said it will supply a set of pork and pork-kimchi flavored steamed dumplings to Qantas flights starting in October. The Korean food items will be served on international routes from Australia to destinations including London, Singapore, Manila, Tokyo,
September 24, 2024
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France looks to deepen IP cooperation with S. Korea in film and media
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GS Retail launches AI-assisted feature to help customers shop for alcoholic beverages
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Chinese tech giant Tencent unveils massive investment plans to boost cloud business in South Korea
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Bong Joon-ho's 'Parasite' voted 'best film of 21st century' by NYT readers
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North Korea denounces Quad's demand for denuclearization
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KAIST and King Saud University partner to develop open-source AI model
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Empyrion Digital opens first new Gangnam data center in over a decade
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Hyundai Steel and AWS forge strategic alliance to accelerate digital transformation
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INTERVIEW: US strikes on Iranian nuke sites may spur North Korea's nuclear buildup, Iranian envoy warns
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NZ envoy says clean tech offers major opportunity for South Korea–New Zealand ties