[CES 2025] South Korean business leaders explore AI innovation, global partnership

LAS VEGAS, January 7 (AJP) - South Korean business leaders converged at CES 2025 on Tuesday to explore cutting-edge AI technologies and strengthen partnerships with global tech giants. SK Group Chairman Chey Tae-won, Lotte Corp. Vice President Shin Yoo-yeol, SK Telecom CEO Yoo Young-sang and LG Innotek CEO Moon Hyuk-soo are attending the world's largest electronics show in Las Vegas from Tuesday to Friday. Chey is expected to meet Nvidia CEO Jensen Huang on Wednesday to discu

January 8, 2025

[CES 2025] Samkoo INC chairman emphasizes people-centric corporate culture

LAS VEGAS, January 7 (AJP) - Koo Ja-kwan, chairman of the Korean consignment management company Samkoo INC, underscored the importance of a people-centric corporate culture in driving innovation during an interview with Aju Business Daily at CES 2025. Koo, who received the first Aju Innovation Leader Grand Award on Tuesday, attributed the recognition to the company's sustainable management practices and its innovative endeavors. "Creating an environment where employees c

January 8, 2025

Genesis defies market slump with strong sales growth

SEOUL, January 8 (AJP) - Genesis, the luxury arm of Hyundai Motor Group, bucked a broader market downturn with robust sales growth in both its domestic and U.S. markets in 2024. The company sold 130,674 vehicles in South Korea, a 3.2 percent increase from 2023, according to data released by Hyundai Motor Group on Tuesday. This marks the second-best annual performance for Genesis, trailing only the record 138,757 units sold in 2021. This performance stands in stark contrast to Hyu

January 8, 2025

Seasoned diplomat to serve as interim US Ambassador to Seoul

SEOUL, January 8 (AJP) - Joseph Yun, a former U.S. State Department special representative for North Korea policy will assume the role of chargé d'affaires to South Korea, following the departure of U.S. Ambassador Philip Goldberg. The seasoned diplomat "will become chargé d'affaires in a few days," the outgoing ambassador said during a farewell press briefing at Incheon International Airport on Tuesday when asked if Yun would serve as the acting U.S

January 8, 2025

South Koreans to enjoy weeklong break for Lunar New Year holiday

SEOUL, January 8 (AJP) - South Koreans are expected to enjoy a full week's break for the Lunar New Year holiday later this month as the government is considering designating Jan. 27 as a temporary public holiday. This means the holiday would start on Saturday, Jan. 25, and last until Jan. 30. The announcement was made after a meeting with the ruling People Power Party on Wednesday. PPP lawmaker Kim Sang-hoon said the extra public day off would help "boost domestic consumpti

January 8, 2025

[CES 2025] SK Telecom unveils personal AI agent at CES 2025

LAS VEGAS, January 7 (AJP) - SK Telecom showcased its personal AI agent, Aster, on Tuesday at CES 2025, announcing plans to launch a beta service for North American users in March. Designed to streamline users' lives, Aster boasts a range of capabilities, from preliminary research and planning to task execution. The AI can manage schedules, create to-do lists, and offer proactive suggestions. For instance, when a user in Las Vegas queries, "I have no plans for my last

January 8, 2025

[CES 2025] Nvidia's Jensen Huang urges Samsung to redesign HBM chips at CES 2025

LAS VEGAS, January 7 (AJP) - Nvidia CEO Jensen Huang has called on Samsung Electronics to redesign its HBM (High Bandwidth Memory) chips during a press conference in Las Vegas, coinciding with CES 2025. While SK hynix supplies HBM to Nvidia, Samsung is undergoing tests to secure its supplier position. "has to engineer a new design, but they can do it, and they are working very fast," Huang said on Tuesday. "Samsung actually created the first HBM that Nv

January 8, 2025

Hyundai Motor Group considers constructing steel plant in US

SEOUL, January 8 (AJP) - Hyundai Motor Group is considering building its first overseas steel mill in the United States, as the company seeks to navigate potential trade barriers under the incoming Donald Trump administration, according to industry sources on Wednesday. The South Korean conglomerate is examining several locations, including Georgia, where it currently operates automotive manufacturing facilities, for the construction of a steel plant through its subsidiary, Hyundai

January 8, 2025

Samsung Electronics reports disappointing fourth-quarter earnings amid tech slowdown

SEOUL, January 08 (AJP) - Samsung Electronics reported an operating profit of 6.5 trillion won ($5.4 billion) for the fourth quarter of 2024, falling significantly short of market expectations despite a year-over-year increase of 130.5 percent. The earnings, disclosed in a preliminary report on Wednesday, marked a 29.2 percent decline from the previous quarter’s 9.2 trillion won profit and fell 15.7 percent below the market consensus of 7.7 trillion won. Analysts had init

January 8, 2025

Anti-corruption agency vows to arrest Yoon in next attempt as court extends warrant

SEOUL, January 7 (AJP) - Investigators vowed Tuesday to ensure the arrest of President Yoon Suk Yeol over his botched martial law debacle last month, after their failed attempt last week. "We will thoroughly prepare for the arrest, with the resolve that it would be the last chance," said Oh Dong-woon, head of the Corruption Investigation Office for High-ranking Officials (CIO), during a National Assembly hearing. Last week, about 30 CIO investigators attempted to arrest

January 7, 2025