Cushman & Wakefield bullish on Korea's tech property market

SEOUL, Sept. 5 (AJP) – Cushman & Wakefield, a global real estate firm, is expanding its presence in the fast-growing property services sector for Korea's technology and life sciences industries. The Korean office of the Chicago-based company sees robust potential in these sectors as industrial giants make significant investments in semiconductors and biotechnologies in cities near Seoul. "We are working with a number of Korean chaebols," John Pritchard, he

September 5, 2024

VISUALS: Kiaf Seoul, Frieze Seoul underway in COEX

Seoul, Sept. 5 (AJP) – Two major art fairs, Kiaf Seoul and Frieze Seoul, opened simultaneously on Wednesday. Frieze Seoul, one of the world's top two art fairs, runs until Saturday at COEX Halls C and D in Samseong-dong, Seoul, while Kiaf Seoul, Korea's largest art fair, continues until Sunday at COEX Halls A and B, the Grand Ballroom, and The Platz on the second floor. Frieze Seoul features 110 galleries, including top-tier names such as Gagosian, Hauser & Wirth, and Dav

September 5, 2024

BTS's 'IDOL' music video hits 1.3 billion YouTube views

Courtesy of Big Hit Music SEOUL, Sept. 05 (AJP) - "IDOL," K-pop wonder BTS' song released six years ago, has garnered more than 1.3 billion views on YouTube as of 8:00 a.m. (2300 GMT) on Wednesday reaching a milestone. IDOL became the fifth BTS music video to break the 1.3 billion mark, the group’s music label, BigHit Entertainment said. The "IDOL" video, which won the Music Video of 2018 at the E! People's Choice Awards, an American award

September 5, 2024

Korea targets Oscar with historic film on 1979 military coup

SEOUL, Sept. 5 (AJP) -"12.12: The Day," directed by Kim Sung-su, has been chosen as Korea's entry for Best International Feature Film at the Academy Awards, the Korean Film Council (KOFIC) announced on Wednesday. The film chronicles the military coup on December 12, 1979, which followed the assassination of President Park Chung-hee. Major General Chun Doo-hwan led the coup, taking control of the government and declaring martial law. This coup marked the start of a pe

September 5, 2024

LS Cable aims for 10 trillion won in revenue by 2030

SEOUL, Sept. 5 (AJP) - LS Cable & System announced Thursday its goal to reach 10 trillion won ($7.4 billion) in revenue by 2030, focusing on expanding its global market presence. During a press event, the Korean power cable maker unveiled its growth strategies for subsea cables and internet data centers (IDCs), emphasizing reductions in power consumption and operating costs. Despite growing global demand for high-voltage direct-current (HVDC) cables driven by long-distance po

September 5, 2024

Busan sets record with 1.38 million foreign visitors in first half of 2024

Courtesy of the Korea Tourism Organization SEOUL, Sept. 5 (AJP) - The southern port city of Busan reported Wednesday a record 1.38 million foreign visitors in the first half of this year, surpassing the pre-pandemic peak of 1.32 million in 2019. This marks the highest number since the government began tracking foreign visitors in 1999. Global accommodation reservation service Hotels.com ranks Busan as Korea’s second-most popular travel destination after Seoul. Kn

September 5, 2024

Korea seeks to cut renewable energy budget, increase nuclear funding

SEOUL, Sept. 5 (AJP) - Korea's government plans to reduce its budget for renewable energy support by about 7.7 percent next year while increasing funding for nuclear power, according to budget proposals submitted to the National Assembly on Thursday. The Ministry of Trade, Industry and Energy's 2025 budget allocates 571.7 billion won ($428 million) for renewable energy support, down from 619.6 billion won in 2024. The budget for nuclear industry programs, including the d

September 5, 2024

Korea sees biggest number of international students in 25 years

SEOUL, Sept. 05 (AJP) - Korea has recorded its highest number of international students in 25 years, with over 200,000 enrolled this year—the largest figure since the government began tracking in 1999, the Ministry of Education announced Wednesday. During a ministerial meeting at the Government Complex in Seoul, the ministry reported on the first-year progress of the "Study Korea 300K Project." Launched in August last year, the initiative aims to attract 300,000 in

September 5, 2024

Telegram users in Korea surge amid deepfake concerns

SEOUL, Sept. 5 (AJP) - Telegram, the instant messaging app at the center of a growing deepfake crime controversy in Korea, saw its largest-ever monthly user increase in the country in August, data showed Thursday. Telegram's monthly active users increased by 311,130 to 3,471,421 last month, according to the app analysis service Mobile Index. It marks the largest monthly increase since data collection began in March 2021. Those under 20 accounted for 32.1 percent of the new

September 5, 2024

VISUALS: Chuncheon boasts Korea's longest cable car ride with panoramic views over lake, mountain

SEOUL, Sept. 4 (AJP) - Chuncheon, in eastern Korea, boasts the country's longest cable car system, spanning 3.61 kilometers over Uiam Lake. The cable car connects Samcheon-dong to Mt. Samak, offering breathtaking views of the Bukhan River. At the Mt. Samak station, visitors can explore hiking trails, an observatory and a skywalk.

September 4, 2024