INTERVIEW: Georgian envoy hails South Korea trade deal as milestone for deeper ties

SEOUL, May 23 (AJP) - Georgian Ambassador to South Korea Tarash Papaskua sees the new Economic Partnership Agreement (EPA) between Georgia and South Korea as a turning point in bilateral relations. In an interview with Aju Press on May 19, he described the agreement as a "new generation agreement" and praised the speed and spirit of cooperation behind its conclusion. "The negotiations on this agreement were concluded in just seven months, from start to finish,"

May 23, 2025

HD Hyundai Electric to supply high-voltage transformers to Scottish firm

SEOUL, May 23 (AJP) - HD Hyundai Electric, a subsidiary of South Korea’s HD Hyundai specializing in power equipment and energy solutions, announced on Friday that it has secured a contract to supply four ultra-high voltage transformers to SP Energy Networks, a major utility in Scotland. The agreement marks HD Hyundai Electric’s first foray into the Scottish market. Key representatives from both companies attended the signing ceremony, including Cho Seok, vice chairman of

May 23, 2025

Samsung launches sale of Galaxy S25 Edge in South Korea

SEOUL, May 23 (AJP) - Samsung Electronics on Friday launched sale of the Galaxy S25 Edge, the latest addition to its flagship smartphone line and the slimmest Galaxy S series device to date. Measuring just 5.8 millimeters thick and weighing 163 grams, the new model is the culmination of Samsung’s effort to marry minimalist design with robust engineering. It features a high-strength titanium frame and an IP68 rating for water and dust resistance. The launch rounds out the Ga

May 23, 2025

Chinese TV makers accused of misleading UHD advertising

SEOUL, May 23 (AJP) - A South Korean industry association has lodged a formal complaint with the country’s antitrust regulator, accusing major Chinese television manufacturers of deceptive marketing over the capabilities of their ultra-high-definition (UHD) television sets. The group, UHD Korea, said on Friday that it filed a petition with the Fair Trade Commission against several companies, including Chinese electronics firms TCL and Xiaomi. The complaint alleges that the

May 23, 2025

North Korea admits newly developed destroyer damaged in launch mishap

SEOUL, May 23 (AJP) -North Korea admitted that its newly developed warship was accidentally damaged during a launch ceremony earlier this week. According to the official state-run Korean Central News Agency (KCNA), the accident occurred Wednesday when a 5,000-ton destroyer was being launched at a shipyard in Chongjin, a key industrial city in the northeast. The vessel tilted and eventually overturned after a support mechanism at the stern prematurely released as it entered the water

May 23, 2025

Naver chairman meets Nvidia CEO Jensen Huang for AI partnership talks

SEOUL, May 23 (AJP) - Lee Hae-jin, the founder and chairman of Naver, visited Taiwan to meet with Nvidia Chief Executive Jensen Huang, marking Lee’s first public trip abroad since he returned to management in March. Lee was joined by Naver Chief Executive Choi Soo-yeon and other top executives during their visit to Computex 2025, Asia’s largest information technology exhibition. The meeting took place on the sidelines of Nvidia’s cloud partner gathering, the NPC Su

May 23, 2025

Bitcoin surges past $111,000 as US fiscal fears spark flight from traditional assets

SEOUL, May 23 (AJP) - Bitcoin soared to an all-time high on Friday, breaching $111,000 amid growing unease over U.S. fiscal policy and a broad retreat from traditional safe-haven assets. The world’s largest cryptocurrency reached $111,466.48 on Coinbase at 9:45 a.m., eclipsing its previous record of $109,358 set in January. The rally comes as investors seek alternatives to government bonds and equities, both of which have been roiled by market turbulence. The surge in Bitco

May 23, 2025

PHOTOS: Hands-on K-food experience

SEOUL, May 23 (AJP) - Students from the University of Georgia recently got a taste of Korean cuisine, literally, participating in a hands-on cooking program at Sempio's headquarters in central Seoul. On May 22, the students delved into making popular dishes like Geotjeori, a fresh kimchi, and Bulgogi, the classic marinated beef. Sempio, a Korean food company, organized the event to introduce the visitors to the country's rich food culture and provide them with a direct experience of c

May 23, 2025

Korean Air, Asiana join hands for forestation project in Mongolia

SEOUL, May 22 (AJP) - Korean Air said Thursday it has launched its annual reforestation project in Mongolia, joined for the first time by employees from Asiana Airlines. Roughly 260 new and supervisory employees from both airlines traveled to the “Korean Air Forest” in Baganuur District, on the outskirts of the city to participate in two weeks of tree-planting and forest maintenance. In a show of partnership, Korean Air employees flew on Asiana-operated flights and vic

May 22, 2025

Kakao spins off sagging Daum portal to focus on core business

SEOUL, May 22 (AJP) - South Korean tech conglomerate Kakao has spun off its long-struggling Daum portal business into a wholly owned subsidiary, ending an 11-year integration between the two companies. The board of directors approved the move on Thursday, establishing the new entity under the leadership of Yang Joo-il, who currently heads Kakao’s content division and oversees Daum operations. The spin-off, according to the company, is part of a broader effort to streamline

May 22, 2025