OPINION: What Ukraine can now do with longer-range US missiles

SEOUL, November 20 (AJP) - The outgoing Biden administration has authorized Ukraine to use U.S.- supplied longer-range missiles to strike deeper into Russia territory, according to reports citing White House officials. The move comes amid concern in the West that Moscow – aided by the influx of thousands of North Korean fighters – might be preparing a major counteroffensive to regain lost territory in the Kursk region of Russia. But how big a deal is the Biden decisio

November 20, 2024

PHOTOS: Event for cultural content and IP awareness opens at COEX in Seoul

SEOUL, November 19 (AJP) - An event to promote cultural content as well as raise awareness of intellectual property (IP) kicked off its three-day run at COEX in southern Seoul on Tuesday. Hosted by the Korea Creative Content Agency (KOCCA), the event brought together 90 domestic and international companies from various industries, encompassing webtoons, games, films, and dramas.

November 19, 2024

PHOTOS: Subway workers threaten full-scale strike early next month

SEOUL, November 19 (AJP) - Unionized subway workers have threatened a full-scale strike early next month unless their demands for higher wages and better working conditions are met. In a rally in front of Seoul City Hall in the capital on Tuesday, they also urged Seoul Metro, which operates subway lines 1 through 8, to reverse its plans to lay off a massive number of workers. Otherwise, they will go on a full-scale strike on Dec. 6. They are requesting that more workers be hired instead, a

November 19, 2024

Russia accuses US of 'fueling' Ukraine war by allowing long-range missiles

SEOUL, November 19 (AJP) - Russia warned on Monday that U.S. President Joe Biden's decision to allow Ukraine to use long-range missiles supplied by the U.S. would "fuel the fire" of the war in Ukraine, further escalating international tensions. "It is obvious that the outgoing administration in Washington intends to take steps, and they have been talking about this, to continue adding fuel to the fire and provoking further escalation of tensions around this confli

November 19, 2024

Yoon stresses 'high-level communication' with Beijing, while maintaining strong alliance with US

SEOUL, November 19 (AJP) - President Yoon Suk Yeol has stressed the importance of maintaining cooperative ties with both the U.S. and China. In an interview with Brazilian daily Folha de S.Paulo, Yoon, who is in Peru for the G20 summit, said, "The United States and China are, for , very important partners of cooperation. So, I consider it not a case of choosing one or the other country." The bilateral alliance with the U.S. is a "comprehensive global s

November 19, 2024

Disruptions loom as subway workers threaten full-scale strike

SEOUL, November 19 (AJP) - Unionized subway workers in Seoul said they will go on a full-scale strike on Dec. 6. Seoul Metro, which operates subway lines 1 through 8, threatened to strike unless their demands for higher wages as well a s better working conditions including the hiring of more staff to ensure safety are met, during a press conference in front of Seoul City Hall on Tuesday. Concerns are mounting over possible severe disruptions to railway services, as the Ko

November 19, 2024

Samsung to unveil extended reality platform by year-end

SEOUL, November 19 (AJP) - Samsung Electronics plans to unveil its Extended Reality (XR) platform by the end of this year, with a potential device launch in the third quarter of 2024, industry sources said on Tuesday. TM Roh, head of Samsung's Mobile Experience (MX) division, announced at the Galaxy Z Fold6 and Flip6 Unpacked event in Paris last July that the company would "create the ecosystem first before launching the device," suggesting the platform will focus on

November 19, 2024

CJ CheilJedang will work with Morgan Stanley to sell bio division: reports

SEOUL, November 19 (AJP) - South Korea's leading food manufacturer CJ CheilJedang has selected Morgan Stanley as the lead manager to sell its bio business division, according to media reports. The sale, reported by the Investment Bank on Monday, could fetch several trillion won with the proceeds expected to be used for future mergers and acquisitions to strengthen the company's global food business operations. The move comes as part of CJ CheilJedang's broader strat

November 19, 2024

Lotte Group plagued by rumors of liquidity problem

SEOUL, November 19 (AJP) - Lotte Group's major listed subsidiaries saw their stock prices stabilize one day after a sharp decline, triggered by rumors of a liquidity crisis. On Nov. 16, two YouTube channels posted videos about Lotte Group's supposed crisis, with rumors claiming the company would declare a moratorium and lay off 50 percent or more of employees in its retail subsidiaries next month. These rumors led to a sell-off of Lotte Group's stocks, with Lotte G

November 19, 2024

Hyodol's caregiver robot selected into state-run startup procurement platform

SEOUL, November 19 (AJP) - An artificial intelligence-powered companion robot developed by Hyodol has been selected as a supplier on a state-run platform dedicated to supporting innovative products from startups, the Korean robot maker said Tuesday. The platform, called Venture Nara, is operated by South Korea's Public Procurement Service to help startups and venture businesses. Products with excellent technology and quality are evaluated and designated as innovative startup p

November 19, 2024