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  KHNP to invest in U.S. developer of small reactors SEOUL, Sept. 6 (AJP) - The state-run Korea Hydro & Nuclear Power (KHNP) plans to invest about $40 million in TerraPower, a U.S. developer of next-generation small modular reactors (SMR). "We recently convened a board meeting and conditionally approved the plan to acquire shares in the U.S. nuclear power SMR developer," a KHNP official told AJP on Friday. She added that the company will proceed with the investment if no significant issues arise with TerraPower. If t September 6, 2024
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  PHOTOS: Giant lobster statue attracts Seoulites to Seokchon Lake SEOUL, Sept. 6 (AJP) - "Lobster Wonderland," a gigantic art piece created by British pop artist Philip Colbert is attracting visitors to Seokchon Lake, an iconic venue for outdoor installments of artistic structures. The public art project Lobster Wonderland, hosted by Lotte Property & Development, the management body of the 555-meter-tall Lotte World Tower, will be put on display from Sept. 6 to 29, to celebrate the 10th anniversary of the opening of the tallest building in Kor September 6, 2024
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  Korea mandates battery information disclosure for electric vehicles SEOUL, Sept. 6 (AJP) – The Korean government on Friday announced a comprehensive safety plan for electric vehicles (EVs), which includes the mandatory disclosure of battery information and the early introduction of a battery certification system. The decision was made during a ministerial meeting chaired by Prime Minister Han Duck-soo earlier in the day to address public concerns about EV safety, following a fire involving a Mercedes-Benz sedan in Incheon, west of Seoul, on September 6, 2024
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  K-pop girl band IVE holds concerts at Tokyo Dome SEOUL, Sept. 6 (AJP) - K-pop girl band IVE held concerts from Wednesday to Thursday at Tokyo Dome, Japan's iconic venue for mega-sized concerts and events, attracting some 95,000 audiences, its agency said on Friday. The event was the finale of the six-member group's world tour and the first time it had held concerts at the dome. "I couldn't believe it even when the Tokyo Dome concert was confirmed and during rehearsals. I will never forget the moment o September 6, 2024
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  Ruling camp signals flexibility on medical school enrollment SEOUL, Sept. 06 (AJP) - South Korea’s ruling camp has signaled a potential shift in its stance on medical school enrollment, opening the door for negotiations with medical professionals and opposition parties. Originally slated to increase medical school enrollment by 2,000 in 2026, the government now appears more open to revisiting this figure. This development comes amid growing pressure from the medical community, including ongoing strikes by trainee doctors, and some wi September 6, 2024
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  Korea Air Force selects first female test pilot for KF-21 fighter jet SEOUL, Sept. 6 (AJP) - The Republic of Korea Air Force (ROKAF) has made history by selecting a female pilot, Major Jeong Da-jung, as a test pilot for the homegrown KF-21 fighter jet, known as "Boramae." This marks the first time a woman will fly a new jet fighter under development, ROKAF announced Thursday. Major Jeong, 37, is a seasoned pilot with around 1,300 flight hours and experience as a test pilot for the KF-16, the Korean variant of the F-16 fighter jet. Her new September 6, 2024
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  Samsung, LG showcase AI-powered home appliances at IFA SEOUL, Sept. 6 (AJP) – Korean tech giants Samsung Electronics and LG Electronics are showcasing their cutting-edge, AI-powered appliances at IFA, Europe's largest consumer electronics trade show, in Berlin. The exhibition, celebrating its 100th anniversary, opened Friday for a five-day run. Over 2,000 companies are participating in the event, which highlights AI and connectivity as the driving forces behind the next generation of home appliances. Under the theme “ September 6, 2024
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  ASEAN-Korean Centre to present ecological diversity at Gwangju Biennale exhibitions   SEOUL, Sept. 6 (AJP) - Starting on Sept. 7, The ASEAN-Korean Centre (AKC) will set up a pavilion exhibition space to present the ecological diversity of ten member countries of The Association of Southeast Asian Nations (ASEAN) at the Gwangju Biennale, One of Asia's top contemporary art events, the AKC said Friday. The AKC is an intergovernmental organization designed to promote economic and socio-cultural cooperation between the Association of Southeast Asian Nations (ASEAN) September 6, 2024
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  Korea posts current account surplus for third consecutive month SEOUL, Sept. 6 (AJP) - South Korea posted a current account surplus in July for the third consecutive month, driven by strong exports of semiconductors and other goods. The current account surplus for the month was $9.13 billion, the largest for a July since 2015, according to provisional statistics released by the Bank of Korea on Friday. Following a deficit of $290 million in April, the nation recorded surpluses of $8.92 billion in May and $12.56 billion in June. The current September 6, 2024
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  Cushman & Wakefield bullish on Korea's tech property market SEOUL, Sept. 5 (AJP) – Cushman & Wakefield, a global real estate firm, is expanding its presence in the fast-growing property services sector for Korea's technology and life sciences industries. The Korean office of the Chicago-based company sees robust potential in these sectors as industrial giants make significant investments in semiconductors and biotechnologies in cities near Seoul. "We are working with a number of Korean chaebols," John Pritchard, he September 5, 2024