Government, KRX to facilitate new carbon credit trading system

SEOUL, June 25 (AJU PRESS) – The Ministry of Environment said Tuesday it will sign an agreement with the Korea Exchange (KRX) and other institutions for cooperation in launching a new carbon credit trading system next year. The government plans to allow brokerages to trade carbon emissions permits starting in the first half of next year, in a move to make it more accessible and convenient for businesses. The ministry will sign a memorandum of understanding with KRX, the Gre

June 25, 2024

Veteran recounts harrowing memories on Korean War anniversary

SEOUL, June 25 (AJU PRESS) - Tuesday marked the 74th anniversary of the 1950-53 Korean War. The war was triggered by North Korea's surprise attack on South Korea at dawn on June 25, 1950, claiming hundreds of thousands of lives. Although an armistice signed in 1953 halted three years of fighting, the demilitarized zone (DMZ) still separates the two Koreas along the 38th Parallel. Of over one million Korean war veterans, only 37,953 are alive as of May 2024, according to the Mini

June 25, 2024

Samsung to add four languages to Galaxy AI real-time interpretation capabilities

SEOUL, June 25 (AJU PRESS) - Samsung Electronics announced plans to add four new languages -- Swedish, Dutch, Romanian, and Turkish -- to its Galaxy AI real-time interpretation service by year-end. The on-device function currently supports 16 languages, including Korean, Chinese, English, French and Japanese. Samsung emphasizes that Galaxy AI language models undergo both quantitative evaluations of linguistic features and grammar, as well as qualitative assessments of cultural kn

June 25, 2024

LG Uplus launches AI model ixi-GEN targeting B2B market

SEOUL, June 25 (AJU PRESS) - Korean telecom company LG Uplus Corp. unveiled its proprietary small large language model (sLLM) ixi-GEN on Tuesday, aiming to expand its presence in the business-to-business (B2B) artificial intelligence market. The AI model, based on LG AI Research's EXAONE, has been trained on LG Uplus' telecom and platform data. The company plans to initially implement ixi-GEN in eight of its services, including chat agents and mobile store advisors, before t

June 25, 2024

S. Korea, US agree to cooperate on diplomatic intelligence sharing

SEOUL, June 25 (AJU PRESS) - South Korea and the U.S. have signed a memorandum of understanding to share diplomatic intelligence and other information, Korea's Ministry of Foreign Affairs said Tuesday. The ministry highlighted that Seoul and Washington agreed on the importance of strengthening exchange and cooperation for diplomatic intelligence due to rapidly-changing geopolitical situations. The two countries have been working closely on this matter since early this year. T

June 25, 2024

Over six in 10 Koreans prefer eco-friendly vehicles for future purchases

Electric vehicles charging in a parking lot. Yonhap SEOUL, June 25 (AJU PRESS) – More than six out of 10 adults in South Korea intend to buy environmentally friendly cars, including hybrid or electric vehicles (EVs), when replacing their current car, a survey showed Tuesday. The survey, conducted by OpenSurvey with 1,500 adults, found that 39.7 percent of respondents prioritize hybrid vehicles for their next purchase, while 24.1 percent favor EVs. Traditional gasoline vehicles w

June 25, 2024

SK C&C partners with Japan's Carbon X to boost carbon credit trading

SEOUL, June 25 (AJU PRESS) - Korean IT services provider SK C&C has signed a memorandum of understanding (MOU) with CarbonEX, Japan's leading carbon credit trading platform, to enhance cooperation in carbon neutrality efforts and stimulate carbon credit trading, the company said on Tuesday. The partnership aims to explore ways to interconnect their respective voluntary carbon credit platforms, potentially allowing Korean and Japanese companies to freely purchase and trade ov

June 25, 2024

Vietnamese prime minister to meet Korean business leaders during Seoul visit

SEOUL, June 25 (AJU PRESS) - Vietnamese Prime Minister Pham Minh Chinh will meet with Korean business leaders next week during his visit to Seoul aimed at boosting economic cooperation between the two countries, corporate sources said. Chinh will attend the Korea-Vietnam Business Forum, organized by the Korea Chamber of Commerce and Industry (KCCI), at the Lotte Hotel in Seoul next Monday. The forum will be attended by about 300 Korean participants, including Minister of Trade, I

June 25, 2024

PHOTOS: Korea hosts international conference on carbon reduction

SEOUL, June 25 (AJU PRESS) – The Ministry of Trade, Industry and Energy and the Korea Trade-Investment Promotion Agency opened the two-day Global Net Zero Connection 2024 conference in Seoul on Monday to discuss international cooperation to reduce greenhouse gas emissions. About 160 representatives from seven countries, four international organizations, and 60 domestic and foreign companies are participating in the event, which includes forums, inter-government talks and business consul

June 25, 2024

Opinion: Escalating Israel-Hezbollah clashes threaten to spark regional war and force US into conflict with Iran

SEOUL, June 25 (AJU PRESS) - Months of relentless exchanges between Israel and Lebanon's militant group Hezbollah have seen mass civilian evacuations and widespread death, injury and destruction. The violence has worsened since early June, accompanied by increasingly heated rhetoric. Both sides have prevented the tit-for-tat attacks from escalating into a full-blown war, recognizing the likely catastrophic consequences. The question is whether this fragile containment can hold i

June 25, 2024