Korean defense, crypto stocks rise in wake of Trump assassination attempt

SEOUL, July 15 (AJU PRESS) - Korean defense and cryptocurrency stocks rose Monday amid growing investor expectations for Donald Trump’s win in the U.S. presidential election after an assassination attempt at a campaign event. As of 9:23 a.m. (1223 GMT), Hanwha Aerospace was trading at 262,000 won ($189.4), up 3.35 percent from the previous trading day. LIG Nex1 was trading at 255,000 won, up 4.37 percent, or 9,500 won, from the previous day. Hyundai Rotem and Hanwha Systems al

July 15, 2024

LG Electronics gets international certification for autonomous mobile robot

SEOUL, July 15 (AJU PRESS) - LG Electronics has become the first Korean company to receive a certification from global testing and certification firm DNV for a low-profile Autonomous Mobile Robot (AMR). This certification, crucial for European exports, verifies the robot's safety design and redundant control functions. The AMR, an advanced logistics robot that autonomously navigates, utilizes a safety controller that monitors sensor signals in real-time to ensure safe decelera

July 15, 2024

Number of young Korean YouTubers earning over 100 million won annually more than doubles

SEOUL, July 15 (AJU PRESS) - The number of Korean YouTubers and social media content creators under 30 years old earning more than 100 million won ($72,400) annually has more than doubled in two years, according to data from the National Tax Service (NTS) on Monday. The NTS reported that in 2022, 1,324 YouTubers aged in their 20s or younger reported incomes exceeding 100 million won, up from 528 in 2020. They accounted for the largest portion among high earners, followed by those i

July 15, 2024

Lawmaker proposes bill to shift burden of proof to manufacturers in product liability cases

SEOUL, July 15 (AJU PRESS) - A bill has been proposed to relieve customers of the burden of proof in cases involving faulty or defective products featuring latest technologies. The proposal mooted by Jung Jun-ho, a lawmaker from the main opposition Democratic Party on Sunday, comes after a fatal car crash allegedly caused by sudden unexpected acceleration (SUA). Currently, Korean law requires plaintiffs who claim to have been damaged by a defective product to carry the burden of p

July 15, 2024

LG Electronics launches air solution laboratory in Germany

SEOUL, July 15 (AJU PRESS) - LG Electronics has established a new Air Solution Laboratory in Frankfurt, Germany, expanding its heating, ventilation, and air conditioning (HVAC) research capabilities beyond Korea and the U.S. The 1,000-square-meter facility will develop high-efficiency climate solutions tailored to European conditions, testing residential, commercial and industrial products. The lab will manage the European Consortium for Advanced Heat Pump Research and recruit local

July 15, 2024

Opinion: Trump assassination attempt has historical precedents — and future security implications

SEOUL, July 15 (AJU PRESS) - At a political rally in Pennsylvania, former president Donald Trump narrowly survived an assassination attempt. As gunshots rang out during the Republican candidate's rally, Trump miraculously avoided a direct hit and said a bullet grazed his ear. One person attending the rally was killed. During the rapid sequence of events witnessed in the attack, Trump raised his right hand toward his head while his body moved towards the ground. Secret Service ag

July 15, 2024

President Yoon wishes speedy recovery of Trump

SEOUL, July 14 (AJU PRESS) - South Korean President Yoon Suk Yeol denounced the assassination attempt on former United States President Donald Trump, calling it "horrible political violence" and wished him a speedy recovery. Trump, who is pursuing his second term in the White House, was shot in his right ear during a campaign rally in Pennsylvania on Saturday (local time). The former U.S. president was a few days away from being selected as the Republican representative

July 14, 2024

VISUALS: South Korea celebrates first North Korean Defectors' Day

SEOUL, July 14 (AJU PRESS) - South Korea is observing the first North Korean Defectors' Day on Sunday. The national day was designated this year to support North Korean refugees as they build new lives in the South. Various events were held throughout last week to commemorate the occasion, which coincides with the effective date of the Act on the Protection and Settlement Support of North Korean Defectors, enacted on July 14, 1997. The law has served as the foundation for the legal status a

July 14, 2024

PHOTOS: Various events mark North Korean Defectors' Day

SEOUL, July 11 (AJU PRESS) - Various events are underway this week to celebrate the first North Korean Defectors' Day, which falls on July 14. This national day was designated this year to support North Korean refugees as they build new lives in the South. An exhibition is taking place at Seoul City Hall's Citizens' Hall from Monday to Saturday, showcasing photos and videos depicting the lives of North Koreans and their human rights conditions. The Seoul Forum on North Korean

July 13, 2024

OECD urges Korea to address low birth rates for economic growth

SEOUL, July 12 (AJU PRESS) - Korea must take decisive action to tackle its low birth rates, enhance productivity, and reduce greenhouse gas emissions as the country recovers from the global inflation shock, the Organization for Economic Co-operation and Development (OECD) said Thursday. In its latest report, the OECD projected the growth of Korea's gross domestic product (GDP) to rebound from 1.4 percent in 2023 to 2.2 percent in 2025, driven by robust exports and resurging de

July 12, 2024