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Toyota Motor charts bold path toward sustainability amid fierce competition
Editor's Note: This article is the second installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, January 7 (AJP) - Japan's Toyota Motor Corp., the world’s largest automaker, is doubling down on its commitment to sustainable mobility as it faces mounting pressure from rivals and rapid shifts in the global auto industry. The Japanese automotive gian
January 9, 2025
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Bills for independent probe into Yoon and first lady scrapped once again in National Assembly
SEOUL, January 8 (AJP) - Bills proposing independent prosecutors to investigate President Yoon Suk Yeol and his wife Kim Keon Hee over several allegations including Yoon's botched martial law debacle last month were scraped in the National Assembly on Wednesday. The bills, which had passed during a plenary session last month after Acting President Choi Sang-mok's veto, failed to secure enough votes to override the veto, with 198 and 196 votes in favor each, falling short of
January 8, 2025
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[CES 2025] Korean AI startups break language barriers at tech show
LAS VEGAS, January 8 (AJP) - South Korean AI-based language tech startups are drawing attention at CES 2025 with cutting-edge multilingual technologies. Flitto, a crowdsourcing translation platform, is providing its AI-powered Live Translation service free of charge during the four-day event that began in Las Vegas on Tuesday. The service offers real-time Korean translations of key speeches from industry leaders, including Nvidia CEO Jensen Huang, X CEO Linda Yaccarino and Delta
January 8, 2025
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Netflix's megahit series 'Squid Game' tops non-English show chart for second consecutive week
SEOUL, January 8 (AJP) - Netflix's megahit South Korean series "Squid Game" has remained at the top of its chart for the non-English shows for the second consecutive week after its release late last month, the U.S. streaming giant said on Wednesday. Despite mixed reactions to the dystopian thriller's second season since its release on Dec. 26, it garnered 58.2 million views during the week ending last Sunday, securing the top spot in over 90 countries. It has ac
January 8, 2025
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Yoon 'willing to respond if legitimate court issues warrant for his detention'
SEOUL, January 8 (AJP) - President Yoon Suk Yeol is willing to face trial, should he be indicted or if a legitimate court issues a warrant for his detention, Yoon's legal representatives said on Wednesday. The remarks came just a day after his arrest warrant, issued by the Seoul Western District Court, was extended and another attempt to arrest him by the Corruption Investigation Office for High-Ranking Officials (CIO) looms over his botched martial law debacle last month. &q
January 8, 2025
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[CES 2025] South Korean business leaders explore AI innovation, global partnership
LAS VEGAS, January 7 (AJP) - South Korean business leaders converged at CES 2025 on Tuesday to explore cutting-edge AI technologies and strengthen partnerships with global tech giants. SK Group Chairman Chey Tae-won, Lotte Corp. Vice President Shin Yoo-yeol, SK Telecom CEO Yoo Young-sang and LG Innotek CEO Moon Hyuk-soo are attending the world's largest electronics show in Las Vegas from Tuesday to Friday. Chey is expected to meet Nvidia CEO Jensen Huang on Wednesday to discu
January 8, 2025
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[CES 2025] Samkoo INC chairman emphasizes people-centric corporate culture
LAS VEGAS, January 7 (AJP) - Koo Ja-kwan, chairman of the Korean consignment management company Samkoo INC, underscored the importance of a people-centric corporate culture in driving innovation during an interview with Aju Business Daily at CES 2025. Koo, who received the first Aju Innovation Leader Grand Award on Tuesday, attributed the recognition to the company's sustainable management practices and its innovative endeavors. "Creating an environment where employees c
January 8, 2025
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Genesis defies market slump with strong sales growth
SEOUL, January 8 (AJP) - Genesis, the luxury arm of Hyundai Motor Group, bucked a broader market downturn with robust sales growth in both its domestic and U.S. markets in 2024. The company sold 130,674 vehicles in South Korea, a 3.2 percent increase from 2023, according to data released by Hyundai Motor Group on Tuesday. This marks the second-best annual performance for Genesis, trailing only the record 138,757 units sold in 2021. This performance stands in stark contrast to Hyu
January 8, 2025
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Seasoned diplomat to serve as interim US Ambassador to Seoul
SEOUL, January 8 (AJP) - Joseph Yun, a former U.S. State Department special representative for North Korea policy will assume the role of chargé d'affaires to South Korea, following the departure of U.S. Ambassador Philip Goldberg. The seasoned diplomat "will become chargé d'affaires in a few days," the outgoing ambassador said during a farewell press briefing at Incheon International Airport on Tuesday when asked if Yun would serve as the acting U.S
January 8, 2025
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South Koreans to enjoy weeklong break for Lunar New Year holiday
SEOUL, January 8 (AJP) - South Koreans are expected to enjoy a full week's break for the Lunar New Year holiday later this month as the government is considering designating Jan. 27 as a temporary public holiday. This means the holiday would start on Saturday, Jan. 25, and last until Jan. 30. The announcement was made after a meeting with the ruling People Power Party on Wednesday. PPP lawmaker Kim Sang-hoon said the extra public day off would help "boost domestic consumpti
January 8, 2025