Iran attack on Israel provokes new crisis

KENOSHA, April 19 (AJU PRESS) - The direct attack by Iran on the territory of Israel may lead to an escalation of war in the fraught region of the Middle East. The encouraging news is that Israel in cooperation with Britain, the United States and – rather surprisingly – Jordan did an outstanding job of destroying the approximately 300 drones and missiles launched by Iran. This is dramatic testimony to the effectiveness of defensive anti-missile systems. On the other

April 19, 2024

Opinion: Oman serves as crucial back channel between Iran and US as tensions flare in the Middle East

SEOUL, April 19 (AJU PRESS) - Prior to launching a barrage of drones and missiles at Israel last week, Iran reportedly got word to Washington that its response to an earlier strike on its embassy compound in Syria would seek to avoid major escalation. The message was conveyed via the Gulf Arab state of Oman. The current crisis in the Middle East is one that officials in Oman have spent years trying to avoid. Located across the Strait of Hormuz from Iran, and with close defense and

April 19, 2024

Panda Cup essay contest to promote exchanges between Korean, Chinese youths

SEOUL, April 18 (AJU PRESS) - The annual essay contest aimed at promoting mutual understanding between Korean and Chinese youths began Thursday in Seoul. The Panda Cup competition is jointly hosted by Aju News Corporation and China International Communications Group.

April 18, 2024

LS Materials breaks ground for EV aluminum parts factory in southern city

SEOUL, April 18 (AJU PRESS) - LS Materials, the materials-processing wing of Korea's LS Group, has broken the ground for an electric vehicle battery case component. Aluminum parts produced at the factory will provide protection for EV batteries that are vulnerable to external impacts. High-performance lithium-ion batteries, mainly used in EVs, can contain high levels of energy but they can easily combust when the battery casing is breached and internal components are damaged.

April 18, 2024

Samsung to implement six-day workweek for executives 

SEOUL, April 18 (AJU PRESS) - Amid the sluggish global market, Samsung Group will implement its six-day workweek initiative for its executives. All executive personnel of Samsung's affiliates, except those in financial service units, will be required to work six days. This initiative aims to motivate executive management during crises, particularly considering the underperformance of major affiliates. In 2023, Samsung Electronics reported an operating loss of 15 trillion won (

April 18, 2024

Opinion: Will global oil supply be at risk if Iran and Israel pull the Middle East into war?

SEOUL, April 18 (AJU PRESS) - Tensions in the Middle East have escalated following Iran's weekend missile and drone attacks on Israel, heightening concerns of a wider conflict. As with the Russian invasion of Ukraine, further conflict has the potential to destabilize oil prices and disrupt supply chains. In Australia, already grappling with a cost-of-living crisis, the ripple effects could soon be felt. Rising oil prices lead to increased inflation, first affecting fuel

April 18, 2024

Tech firms present AI solutions at 'World IT Show 2024' in Seoul

SEOUL, April 18 (AJU PRESS) - The "World IT Show 2024," the largest ever information and communications technology (ICT) exhibition in South Korea featuring 445 exhibitors from 10 countries, kicked off in Seoul on Wednesday for a three-day run. Hosted by the country's science ministry, the show embraces the theme "Innovation in Everyday Life, Created by AI." South Korean conglomerates are at the forefront, showcasing a variety of high-tech AI-powered soluti

April 18, 2024

Opinion: Ukraine is losing the war and the west faces a stark choice: help now or face a resurgent and aggressive Russia

SEOUL, April 18 (AJU PRESS) - Ukraine is now experiencing a level of existential threat comparable only to the situation immediately after the full-scale Russian invasion in February 2022. But in contrast to then, improvements are unlikely – at least not soon. Not only have conditions along the frontline significantly worsened, according to the Ukrainian commander-in-chief, Oleksandr Syrsky, but the very possibility of a Ukrainian defeat is now discussed in public by people

April 18, 2024

LS Eco Energy to supply ultra-high-voltage cables to Danish energy firm

SEOUL, April 17 (AJU PRESS) - LS Eco Energy, a Korean power cable maker, said Wednesday it has signed a contract to supply extra-high voltage cables to a public energy company in Denmark. The $30.51 million deal involves LS Eco Energy providing ultra-high-capacity cables to Energinet for three years. The product is in high demand in Denmark driven by construction projects for offshore wind farms and underground power transmission lines, according to the Korean company. Over

April 17, 2024

Korea increasingly losing AI talent abroad: report

SEOUL, April 17 (AJU PRESS) - Korea has experienced a significant decline in the migration index for AI developers compiled by Stanford University as the country is increasingly losing talent, lured by higher pay and better opportunities abroad. According to the AI Index 2024, published by the U.S. university's Human-Centered AI Institute on Monday (local time), in 2022, Korea had 10.26 AI patents per 100,000 people, ahead of Luxembourg (8.73), the United States (4.23) and Jap

April 17, 2024