LS Electric to expand ultra-high voltage transformer plant

SEOUL, August 14 (AJU PRESS) - LS Electric plans to invest an additional 20.5 billion won ($15 million) to expand its plant for ultra-high voltage transformers in Busan. The board of Korea’s leading power solutions provider approved the plan on Tuesday, aimed at meeting the growing global demand for electric equipment, especially in North America. The new investment supplements the 80.3 billion won already allocated in May, bringing the total investment to 100.8 billion won

August 14, 2024

Samsung Electronics workers to stage four-day strike

SEOUL, August 14 (AJU PRESS) - Unionized workers at Samsung Electronics said Wednesday that they will go on a four-day strike during this week’s “sandwich holiday” period, demanding wage hikes and improved bonus systems. The walkout by the National Samsung Electronics Labor Union will begin on Thursday, August 15 (Liberation Day), and continue through Sunday. This action comes two weeks after the union ended its 25-day strike on August 1, transitioning to a long

August 14, 2024

OPINION: SpaceX's Elon Musk endorsed Donald Trump for president – what this could mean for US space policy

SEOUL, August 14 (AJU PRESS) - Elon Musk officially endorsed Donald Trump for president of the United States on July 13, 2024, shortly after Trump survived an assassination attempt. Musk, a billionaire technology entrepreneur, has made groundbreaking contributions in multiple industries, particularly space travel and exploration. Even before Musk's endorsement, Trump was reportedly considering giving the billionaire an advisory role if elected for a second term. With Musk's

August 14, 2024

Gaming executives take active role in fostering player interaction

SEOUL, August 13 (AJU PRESS) - The G-Star convention in Bexco, Busan, was abuzz with enthusiasm as fans awaited the opportunity to meet the developers and innovators who have propelled Korea onto the global gaming stage. The excitement reached its peak when Keum Kang-sun appeared in the northern section of the convention site that was showcasing the mobile version of “Lost Ark,” a highly acclaimed PC-based MMORPG (massively multiplayer online role-playing game). &quo

August 13, 2024

Controversy deepen over qualifications of new chief of Independence Hall of Korea

SEOUL, August 13 (AJU PRESS) - Controversy continues to mount over the qualifications of Kim Hyung-seok, the newly-appointed chief of the Independence Hall of Korea. Led by the main opposition Democratic Party, various civic groups including the Liberation Association are raising questions over his alleged pro-Japanese stance and distorted views on historical facts. The Independence Hall of Korea, located in Cheonan, South Chungcheong Province, is a memorial museum dedicated to c

August 13, 2024

Two dozen descendants of independence fighters granted Korean nationality ahead of Liberation Day

SEOUL, August 13 (AJU PRESS) - About two dozen of descendants of Korean independence fighters were granted Korean nationality, according to the Ministry of Justice. In commemoration of the 79th anniversary of Liberation Day which falls on Thursday, the ministry held a ceremony to honor the sacrifices of those who fought for Korea's independence during Japanese rule (1910~1945). Of the 27 descendants granted Korean nationality, 14 are from Russia, 11 from China, one each from

August 13, 2024

Kakao Pay probed for sharing millions of users' data with Alipay

SEOUL, August 13 (AJU PRESS) - Korea's financial regulator said Tuesday Kakao Pay, the online payment arm of tech giant Kakao Corp., has been transferring personal credit information of millions of customers to China’s Alipay without consent for over six years. According to the Financial Supervisory Service (FSS), the company has shared data of 40.45 million users, totaling 54.2 billion pieces of personal credit information, with Alipay since April 2018. The regulator i

August 13, 2024

PHOTOS: Seoul's Han River Park pools offer night swimming this summer

SEOUL, August 13 (AJU PRESS) - Seoul’s popular Han River Park swimming pools are extending their hours for night operations this summer. From July 24 to August 18, the pools at Ttukseom, Yeouido, Jamwon, Nanji and Jamsil will remain open until 10 p.m. The five locations along the Han River, which bisects the Korean capital, attract an average of 4,000 visitors daily during the summer months. The initiative aims to provide more recreational options for Seoul’s residents and

August 13, 2024

Cannes-acclaimed director Park Chan-wook to reunite with Lee Byung-hun for new film

SEOUL, August 13 (AJU PRESS) - Director Park Chan-wook is set to begin shooting his new film later this week, the film's distributor CJ ENM said on Tuesday. The film, tentatively called "No Other Choice," is based on American writer Donald E. Westlake's novel "The Ax." Its story revolves around an office worker, played by actor Lee Byung-hun, who struggles to support his family as a breadwinner after suddenly losing his job. The film marks Park's r

August 13, 2024

CJ CheilJedang reports double-digit profit growth on overseas food sales

SEOUL, August 13 (AJU PRESS) - Korean food and bio company CJ CheilJedang announced on Tuesday that its second-quarter operating profit rose 14.1 percent year-on-year to 269 billion won ($196 million), marking the third consecutive quarter of profit growth. Sales increased 0.3 percent to 7.239 trillion won, while net income increased 16 percent to 147.8 billion won. The company's overseas food business showed strong performance, with sales in Europe surging 57 percent as it

August 13, 2024