Latest news
-
HD Hyundai establishes new headquarters for marine energy businesses
SEOUL, April 24 (AJU PRESS) - HD Hyundai Heavy Industries, the world's largest shipbuilder, plans to launch a new headquarters specializing in marine energy harvesting businesses next month, industry sources said. The company notified staff on Wednesday that the current shipbuilding and marine business division will be split into two segments and the new headquarters for the fast-growing marine energy industry will be established on May 1. The new entity will focus on the c
April 24, 2024 -
Video streaming services in Korea sharply raise subscription fees
Netflix, TVING and other popular over-the-top (OTT) video streaming services in Korea have increased subscription fees by an average of about 40 percent over the past six months, as the companies are striving to improve the bottom line despite consumer complaints of financial burdens. According to the state-run Korea Creative Content Agency (KOCCA), 55.2 percent of the country’s 52 million population subscribed to paid video streaming services as of December 2023. With the m
April 24, 2024 -
Korea launches first nanosatellite in New Zealand
SEOUL, April 24 (AJU PRESS) - Korea's first ultra-small cluster satellite was launched into orbit in New Zealand, the Ministry of Science and ICT said Wednesday. Dubbed "NEONSAT-1," the nanosatellite lifted off from a spaceport in Mahia around 8:30 a.m. About 50 minutes after launch, the satellite was successfully separated from American aerospace company Rocket Lab's two-stage Electron rocket. The satellite made initial contact with the ground station at the
April 24, 2024 -
Pinkfong creates Baby Shark-themed musicals to captivate global fans
SEOUL, April 24 (AJU PRESS) - Pinkfong, the creator of a catchy cartoon song "Baby Shark," will go on a world tour with its musicals, the Korean educational entertainment company said Wednesday. The musical titled "Baby Shark's Big Broadwave Tour" will be showcased in 34 regions in the United States including Iowa, Ohio, Minnesota, and Louisiana. The show is an extension of the animated children's television series "Baby Shark's Big Show!"
April 24, 2024 -
LG Electronics, Kakao Mobility collaborate on delivery robot service
SEOUL, April 23 (AJU PRESS) - LG Electronics will provide its autonomous robot "CLOi" for Bring, a delivery service app by Kakao Mobility set to be launched this Friday. When users place orders for coffee and food via the Bring app, CLOi robots will deliver them to offices, hotels, and many other facilities. The robot, capable of transporting products weighing up to 30 kilograms (66.1 pounds), can serve up to four locations. Staff members will load the items into the d
April 23, 2024 -
Analysts predict poor earnings for major Korean game publishers in first quarter
SEOUL, April 23 (AJU PRESS) – Analysts predict lackluster earnings for Korea’s major game publishers in the first quarter of the year amid an economic slowdown and a dearth of hit games, according to data released on Tuesday. According to FnGuide, a securities information service, securities firms predicted that KRAFTON, the publisher of the popular online and mobile game "PlayerUnknown's Battlegrounds" (PUBG), is likely to report an operating profit of 2
April 23, 2024 -
Carmakers, tech firms gather in Seoul for premier industry show
SEOUL, April 23 (AJU PRESS) – The world's leading companies in the electric vehicle industry will showcase their latest products and technologies at the 37th International Electric Vehicle Symposium and Exhibition (EVS37), which kicked off on Tuesday for a four-day run at COEX in southern Seoul. About 160 companies from 12 countries are participating in the world's largest and oldest EV conference-cum-exposition, known as the "Olympics of the EV Industry,"
April 23, 2024 -
Label control battle casts shadow over NewJeans' comeback
SEOUL, April 23 (AJU PRESS) - An apparent power struggle over control of the music label behind NewJeans is casting a shadow over the highly anticipated comeback of the popular K-pop girl group. Entertainment giant HYBE said Monday it is conducting an audit of the management of its affiliate, ADOR, on suspicion that CEO Min Hee-jin is seeking to take over the management control of the label. The investigation, launched on the same day, targets Min and another ADOR executive, acco
April 23, 2024 -
N. Korean leader praises accuracy of short-range ballistic missiles
SEOUL, April 23 (AJU PRESS) - North Korean leader Kim Jong-un has praised the accuracy of Pyongyang's short-range ballistic missiles (SRBMs) after guiding a nuclear counterattack drill on Monday. Kim said that the drill was part of efforts to enhance its tactical nuclear strike capabilities, which are being developed as deterrents against hostile activities by South Korea and its allied forces. According to South Korea's Joint Chiefs of Staff, North Korea fired multiple SR
April 23, 2024 -
Hyundai Motor, Matrix Renewables sign solar energy deal for EV plant in US
SEOUL, April 22 (AJU PRESS) - Hyundai Motor Group will use solar energy to power its electric vehicle plant currently under construction in Georgia, the Korean conglomerate said Monday. Hyundai has recently signed a 147-megawatt power purchase agreement (PPA) with Matrix Renewables, under which the carmaker will receive electricity generated from the Spanish firm’s 210-megawatt solar power project in Texas, slated to begin operations in October 2025. In the largest renew
April 22, 2024
-
Coupang swings to net loss in first quarter amid growing competition from Chinese rivals
-
Hanwha Q Cells begins operation of second solar module factory in US
-
70 dogs escape from farm in Daejeon, prompting evacuation orders for residents
-
Korea's workforce expected to decline by 10 million by 2044
-
Queer parade to take place in central Seoul on June 1
-
Event promoting Korea underway in Paris ahead of Olympics
-
Stray Kids to drop collaborative single with Charlie Puth this week
-
Korean oil refiners ramp up car wash business amid declining profit margins
-
BTS leader RM to drop prerelease track from second solo album this week
-
Commemorative event explores Tagore's legacy in Korea