Prosecution questions Kakao founder over alleged stock manipulation

SEOUL, July 9 (AJU PRESS) - The prosecution questioned Kim Beom-su, the founder of Kakao Corp., on Tuesday as part of their investigation into his alleged stock manipulation linked to Kakao's takeover of SM Entertainment last year. Kim appeared before the Seoul Southern District Prosecutors Office in the morning to face a probe on charges of violating the Financial Investment Services and Capital Markets Act. Kim is accused of rigging the stock price of the K-pop agency in Fe

July 9, 2024

JobKorea launches job-posting service for foreigners

SEOUL, July 9 (AJU PRESS) - Online recruiting company JobKorea has launched a job-listing service for foreigners seeking job opportunities in Korea. The service, called KLiK (Kickstart Life in Korea), offers job information for foreign nationals in 28 languages, including English, Chinese, French, German and Dutch, the company said Monday. Users can quickly view job listings and company details, set criteria like location, language skills, and visa type, and efficiently browse j

July 9, 2024

Opinion: 4 things to watch for as NATO leaders meet in US capital for high-stakes summit

SEOUL, July 9 (AJU PRESS) - When Washington, D.C., last hosted a NATO summit in 1999, the alliance was celebrating a milestone. It was also facing a war in Europe and welcoming new members to the alliance. So there will be a certain feeling of déjà vu in the American capital when leaders from 32 nations meet starting July 9, 2024, to discuss the state of the alliance as it turns 75. Yet the scale of the challenges that NATO faces today, both within and without the o

July 9, 2024

Opinion: Starmer's victory - A political revival shadowed by daunting challenges

Karachi, July 09 (AJU PRESS) - In a defining shift for British politics, the center-left Labour Party has clinched a resounding victory, marking its dramatic comeback after a devastating defeat just five years ago. Keir Starmer, the Labour leader and former human rights lawyer, is now the Prime Minister with a staggering majority of around 170 seats, echoing the historic win of Tony Blair in 1997. This remarkable comeback reflects Labour’s appeal with a moderate, centrist platf

July 9, 2024

Russian envoy stresses importance of understanding Russo-Korea history to shape better future

SEOUL, July 08 (AJU PRESS) - Russian Ambassador to the Republic of Korea, Georgy Zinoviev, highlighted the significance of understanding the history of Russo-Korean relations and how it influences the future during an event on Monday. Ambassador Zinoviev addressed the past, present, and future of the relationship between Russia and Korea during the opening ceremony of an exhibition designed to commemorate the bilateral Treaty of Friendship and Commerce signed between Russia and Jo

July 8, 2024

VISUALS: From Vermeer to Van Gogh: Dutch masterpieces illuminated through light, sound and digital innovation

SEOUL, July 8 (AJU PRESS) - "From Vermeer to Van Gogh: Dutch Masters" is underway at Theatre des Lumieres in Seoul's Walkerhill Hotel & Resort from May 24 to Nov. 24 This immersive exhibition reinterprets the works of Dutch artists Johannes Vermeer, Rembrandt van Rijn, and Vincent van Gogh through light, music and digital technology. The show is divided into 12 segments and lasts 35 minutes. Each segment is paired with lively music, creating a deeply immersive experience fo

July 8, 2024

Yoon heads to Washington for NATO summit

SEOUL, July 8 (AJU PRESS) - President Yoon Suk Yeol left for the U.S. on Monday to attend a NATO summit in Washington. He was invited to the summit for the third consecutive year as Korea was included as one of four Indo Pacific partners, dubbed IP4, along with Australia, Japan and News Zealand. Yoon's itinerary begins with a stopover in Hawaii, where he is scheduled to visit the National Memorial Cemetery of the Pacific and the United States Indo-Pacific Command. Upon arriva

July 8, 2024

N. Korea marks 30th anniversary of regime founder's death amid tensions with S. Korea

SEOUL, July 8 (AJU PRESS) - North Korea appears to be in a festive mood on Monday, marking the 30th anniversary of regime founder Kim Il-sung's death. The North's state-run Rodong Sinmun Sunday fervently praised his achievements, calling him "a devoted leader" who ruled the renegade country for nearly half a century. All eyes are now on whether the current North Korean leader Kim Jong-un will visit his grandfather's mausoleum. Since he came into power in 201

July 8, 2024

Hyosung Heavy Industries wins transformer order from Norway's Statnett

SEOUL, July 8 (AJU PRESS) - Hyosung Heavy Industries secured a 330 billion won ($238.5 million) order to supply transformers to Statnett, a state-run company managing transmission systems in Norway, the Korean power equipment manufacturer said Monday. Hyosung will supply 420 kilovolt transformers to Statnett, marking the largest project the company has undertaken since venturing into the Norwegian market in 2020. The contract is aimed at expanding Norway's renewable energy po

July 8, 2024

Korea to replace ambassador to China

SEOUL, July 8 (AJU PRESS) - Korea will replace its ambassador to China Chung Jae-ho, the Ministry of Foreign Affairs said on Sunday. The ministry said that Chung will be stepping down from his post in China and he is expected to return to Korea next month. A seasoned diplomat well-versed in Chinese affairs is being mentioned as his successor, as an apparent move to mend ties with Beijing, as Jung has often made some hawkish comments toward Beijing. The announcement coincides w

July 8, 2024