PHOTOS: Korean Sool Grand Festival 2024 opens in Seoul

SEOUL, November 15 (AJP) - The Korean Sool Grand Festival 2024 opened Friday at aT Center in Seoul, featuring 116 traditional alcohol producers, marking its largest scale in its 14-year history. The three-day event, organized by the Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food Trade Corporation (aT), offers various activities including makgeolli-making workshops and special auctions of limited-edition traditional liquors.

November 15, 2024

Yoon to hold summit with China's Xi on sidelines of APEC summit in Peru

SEOUL, November 15 (AJP) - President Yoon Suk Yeol will have a summit with his Chinese counterpart Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Peru, the presidential office said on Friday. "The two leaders will discuss various measures to boost economic cooperation and bilateral exchanges, as well as share in-depth views on regional issues including security concerns on the Korean Peninsula," Principal Deputy National Security Advi

November 15, 2024

Opposition leader gets suspended sentence for violating election law

SEOUL, November 15 (AJP) - Opposition leader Lee Jae-myung was sentenced on Friday to one year in prison, suspended for two years, for violating the election law. The Seoul Central District Court found him guilty of making false statements related to a major scandal involving a land development project in Seongnam, Gyeonggi Province during his tenure as the city's mayor from 2010 to 2018. The sentence puts the leader of the main opposition Democratic Party at risk of being di

November 15, 2024

Expo highlights growth, innovation of South Korean small firms

SEOUL, November 15 (AJP) - An event designed to highlight the growth and achievements of South Korean SMEs took place in the southeastern port city of Ulsan, the Korea Management Innovation Association for Small and Medium Businesses (MainBiz Association) said Friday. The two-day "2024 SME Technology and Management Innovation Expo," which began on Thursday, aimed to inspire innovation through awards for contributors, innovation-focused conferences, and presentations on gro

November 15, 2024

Samsung, LG win big at CES 2025

SEOUL, November 15 (AJP) - Samsung Electronics and LG Electronics received numerous innovation awards at CES 2025, one of the world’s largest electronics show, the Consumer Technology Association announced Thursday. Samsung secured 29 awards — 16 in video displays, four in home appliances, five in mobile devices, three in semiconductors and one for Harman International. They included four Best Innovation Awards. The company's C-Lab startups garnered an additional

November 15, 2024

Kim Jong-un calls for mass production of attack drones

SEOUL, November 15 (AJP) - North Korean leader Kim Jong-un has ordered the mass production of attack drones, state media said on Friday. "The suicide attack drones to be used within different striking ranges are to perform a mission to precisely attack any enemy targets on the ground and in the sea," the North's state-run Korean Central News Agency (KCNA) reported. According to KCNA, Kim expressed satisfaction during his on-site inspection of a drone test the previo

November 15, 2024

Samsung SDI clinches four CES awards

SEOUL, November 15 (AJP) - South Korean battery manufacturer Samsung SDI Co. announced on Friday that it has secured four Consumer Electronics Show (CES) 2025 Innovation Awards in the company's first apply. Samsung SDI's winning entries include the PRiMX battery series for electric vehicles (EV) featuring high-nickel cathode technology, a wireless-enabled battery module, an energy storage system with thermal diffusion prevention, and a high-power cylindrical battery for prof

November 15, 2024

Hyundai Motor names first foreign CEO

SEOUL, November 15 (AJP) - Hyundai Motor Co. appointed Jose Munoz as its new chief executive officer on Friday, marking the first time a foreign national has led South Korea's largest automaker since its establishment in 1967. Munoz, who joined Hyundai in 2019 as president of the North American operations, has been serving as the Global Chief Operating Officer. The Spanish-born executive's term will begin at the start of next year. He will succeed Chang Jae-hoon, who has

November 15, 2024

Korean firms face increased pressure from U.S. policy shifts

SEOUL, November 15 (AJP) - South Korean industries are growing increasingly anxious as U.S. policies, including the potential abolition of EV subsidies and re-designation of Korea as a currency manipulation watchlist country, threaten to intensify economic and trade pressures. The U.S. Department of the Treasury added seven countries -- China, Japan, Korea, Singapore, Taiwan, Vietnam and Germany -- to its semiannual list of currency manipulators under observation on Thursday, signal

November 15, 2024

PHOTOS: Pop-up store for Netflix series 'Arcane' dazzles visitors

SEOUL, November 15 (AJP) - A pop-up store featuring Netflix series "Arcane" opened in southern Seoul last week, coinciding with the release of its second season. "Arcane" is an animated steampunk action series based on the lore and characters of multi-player online game "League of Legends." The spacious area measuring 366 square meters at Shinsegae Department Store provides visitors with an opportunity to play games, including "Wild Rift," the mobile

November 15, 2024