Moody's upgrades SK hynix's credit outlook

SEOUL, August 14 (AJU PRESS) - International credit rating agency Moody's on Wednesday upgraded SK hynix's outlook from 'Negative' to 'Stable' while maintaining its 'Baa2' corporate credit rating. The agency cited significant improvements in the Korean chipmaker's earnings and cash flow, driven by rising memory prices and the company's competitive edge in AI chip technologies. Moody's expects the positive trend to continue over the next 1

August 14, 2024

Scholars begin one-person protest to demand Hangeul signage at Gwanghwamun

SEOUL, August 14 (AJU PRESS) - In commemoration of Liberation Day which falls on Thursday, the Korean Language Society has started a one-person rally at Gwanghwamun in central Seoul, starting with its chairman Kim Ju-won since Monday. The rally, which continues through the week, is part of the society's efforts to replace the current signage at Gwanghwamun Gate, which is written in Chinese characters, with the Korean alphabet. Lee Dae-ro, an activist promoting Han

August 14, 2024

Korean battery makers may benefit as EV manufacturers disclose supplier information

SEOUL, August 14 (AJU PRESS) - The Korean government's recommendation for electric vehicle manufacturers to disclose their battery suppliers, following a recent fire incident, is expected to strengthen the position of Korea's top three battery makers, experts said Wednesday. The Korean government announced the measure on Tuesday in response to growing demand for transparency regarding EV batteries, following the August 1 fire in Incheon involving a Mercedes-Benz EV. Th

August 14, 2024

BTS' 'Spring Day' garners 1 billion streams on Melon

SEOUL, August 14 (AJU PRESS) - BTS' hit song "Spring Day" has garnered 1 billion views on Melon, Korea's largest online music streaming site, the seven-member boy band's agency Big Hit Music said on Tuesday. Released in February 2017, the song carries a message of hope while waiting to reunite with a distant friend. The lyrics are known to be based on the autobiographical stories of members RM and Suga. The song was an instant hit at the time of its

August 14, 2024

PHOTOS: Korean flags fly nationwide to mark Liberation Day

SEOUL, August 14 (AJU PRESS) - Korean national flags are displayed at government buildings, homes, and along streets nationwide on Aug. 15 to commemorate Liberation Day. Korea was liberated from Japanese colonial rule on Aug. 15, 1945, with the end of World War II.

August 14, 2024

VISUALS: Dilkusha, home of Albert Taylor who informed world of Korea's March 1 independent movement

SEOUL, August 14 (AJU PRESS) - Dilkusha, also known as the Albert Taylor House, is a two-story Western-style residence in Jongno, Seoul. Built during the Japanese colonial period, it was home to Albert Taylor, an American businessman and journalist, and his wife Mary Linley Taylor. The house reopened March 1, 2021, after restoration following the eviction of 12 low-income households. Taylor came to Korea during the late Korean Empire and Japanese colonial period. AP News appointed him

August 14, 2024

Hyundai Mobis rewards innovation in corporate social value contest

SEOUL, August 14 (AJU PRESS) - Hyundai Mobis Co., a leading Korean auto parts maker, announced Wednesday the successful conclusion of the 2024 Impact Idea Challenge, a competition inviting university students and young job seekers to propose business ideas that create corporate social value. The top award went to a team that proposed a system using sensors to detect vehicle submersion, share location information and assist passengers in escaping. The second prize was awarded to a

August 14, 2024

LS Electric to expand ultra-high voltage transformer plant

SEOUL, August 14 (AJU PRESS) - LS Electric plans to invest an additional 20.5 billion won ($15 million) to expand its plant for ultra-high voltage transformers in Busan. The board of Korea’s leading power solutions provider approved the plan on Tuesday, aimed at meeting the growing global demand for electric equipment, especially in North America. The new investment supplements the 80.3 billion won already allocated in May, bringing the total investment to 100.8 billion won

August 14, 2024

Samsung Electronics workers to stage four-day strike

SEOUL, August 14 (AJU PRESS) - Unionized workers at Samsung Electronics said Wednesday that they will go on a four-day strike during this week’s “sandwich holiday” period, demanding wage hikes and improved bonus systems. The walkout by the National Samsung Electronics Labor Union will begin on Thursday, August 15 (Liberation Day), and continue through Sunday. This action comes two weeks after the union ended its 25-day strike on August 1, transitioning to a long

August 14, 2024

OPINION: SpaceX's Elon Musk endorsed Donald Trump for president – what this could mean for US space policy

SEOUL, August 14 (AJU PRESS) - Elon Musk officially endorsed Donald Trump for president of the United States on July 13, 2024, shortly after Trump survived an assassination attempt. Musk, a billionaire technology entrepreneur, has made groundbreaking contributions in multiple industries, particularly space travel and exploration. Even before Musk's endorsement, Trump was reportedly considering giving the billionaire an advisory role if elected for a second term. With Musk's

August 14, 2024