Recycling specialist Dowon partners with Vietnamese logistics giant to set up joint venture

SEOUL, July 01 (AJU PRESS) - Korean recycling specialist Dowon has forged a partnership with Vietnamese logistics giant Phu Thai on Monday to set up a joint venture in Viet Nam. The signing ceremony took place at a hotel in central Seoul with representatives from the two companies. Phu Thai officials also accompanied the Vietnamese Prime Minister Pham Minh Chinh who arrived in Seoul over the weekend for his four-day visit to Korea. According to Dowon, the new joint venture will

July 1, 2024

ASEAN-Korea Centre to host waste management seminar in Laos this week

SEOUL, July 01 (AJU PRESS) - The ASEAN-Korea Centre is set to host a seminar on sustainable waste management in Laos this week. Scheduled to take place in the Southeast Asian country's capital of Vientiane on July 2~3, the seminar is expected to bring together government officials and industry leaders from Korea and five Mekong ASEAN countries such as Cambodia, Laos, Myanmar, Thailand, and Viet Nam. The two-day seminar will feature a series of forums, discussions and activiti

July 1, 2024

[INTERVIEW] ReLU Games looks to transform gaming industry with AI technology

SEOUL, July 01 (AJU PRESS) - Set in a near-future world where robots and humans coexist, "Uncover the Smoking Gun," a new AI-based detective game, allows players to interrogate robot suspects to unravel murder cases. Leveraging advanced natural language processing technology, the game allows users to freely ask questions in eight different languages and engage with an AI-based chatbot in real-time. This feature offers an immersive gaming experience that its developers clai

July 1, 2024

Viet Nam's deputy minister sheds light on enhanced bilateral relations with Korea

SEOUL, July 01 (AJU PRESS) - Prime Minister Pham Minh Chinh, began his four-day itinerary in Korea with a business forum in central Seoul on Monday. This marks the first high-level Vietnamese official to visit Korea since the two countries upgraded their relationship to a comprehensive strategic partnership (CSP) in December 2022. To coincide with Chinh's visit here and gain insights into the deepening cooperation between the two countries, Aju Press had a written interview with

July 1, 2024

PHOTOS: Visiting Vietnamese PM attends Korea-Viet Nam business forum

SEOUL, July 01 (AJU PRESS) - The Korea-Viet Nam Business Forum, jointly hosted by the Korea Chamber of Commerce and Industry (KCCI) and the Ministry of Planning and Investment of Viet Nam, was held in central Seoul on Monday. The forum, attended by visiting Vietnamese Prime Minister Pham Minh Chinh, aims to establish a new foundation for diversifying and enhancing economic cooperation between Korea and Viet Nam. The forum drew over 500 government officials, institutional representatives, a

July 1, 2024

Korea, Viet Nam agree to expand bilateral trade volume

SEOUL, July 01 (AJU PRESS) - Korea and Viet Nam will expand mutual exchanges in various economic sectors to reach a bilateral trade volume of more than $150 billion by 2030, the Ministry of Trade, Industry and Energy said during a business forum held in central Seoul on Monday. Organized by the Korea Chamber of Commerce and Industry (KCCI), the forum was attended by Trade Minister Ahn Duk-geun, Vietnamese Prime Minister Pham Minh Chinh, and KCCI Chief Cho Hyun-sang. About 450 attend

July 1, 2024

SK Group eyes massive investment in AI, semiconductors

SEOUL, July 1 (AJU PRESS) - SK Group aims to secure 80 trillion won ($57.9 billion) by 2026 to invest in artificial intelligence, advanced chips and other new growth sectors, Korea's second-largest conglomerate said. The plan was unveiled during a group-wide management meeting on growth strategies and subsidiary restructuring held on Friday and Saturday. About 30 top-level executives, including CEOs from major subsidiaries, attended the meeting at the SKMS Research Institute in

July 1, 2024

N. Korea fires two ballistic missiles after trilateral exercise in S. Korea

SEOUL, July 01 (AJU PRESS) - North Korea fired two ballistic missiles eastward early Monday morning, South Korea's Joint Chiefs of Staff (JCS) said. A short-range ballistic missile was launched from an area near South Hwanghae Province at around 5:00 a.m. and another some 15 minutes later. They flew about 600 kilometers and 120 kilometers, respectively. Monday's launch occurred just two days after a trilateral miliary exercise involving South Korea, the U.S., and Japan

July 1, 2024

Seoul ranked fifth among most livable Asian cities

SEOUL, July 1 (AJU PRESS) - Seoul has been ranked the fifth most livable Asian city, according to a survey released last week. The survey of 173 countries, by the Economist Intelligence Unit (EIU), a think tank affiliated with business magazine The Economist, evaluated them based on five key categories: stability, healthcare, culture and environment, education, and infrastructure. Vienna came first with 98.4 points out of 100, followed by Copenhagen (98), Zurich (97.1), Melbourne

July 1, 2024

Korea's exports to China hit 40-year low amid trade structure shifts

SEOUL, July 1 (AJU PRESS) - Korea's exports to China fell by 19.9 percent in 2023, marking the steepest decline in four decades, according to a report released by the Korea International Trade Association (KITA) on Monday. The trade balance with China also shifted to a deficit for the first time since 1992, reaching a record of 25 trillion won ($18.1 billion). The report attributes this significant shift to changes in both China's trade structure and Korean companies

July 1, 2024