Latest news
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Qoo10 CEO seeks to merge Tmon, WeMakePrice amid payment scandal
SEOUL, August 9 (AJU PRESS) - Singapore-based Qoo10, at the center of a payment crisis involving e-commerce platforms Tmon and WeMakePrice, announced Friday that it has initiated the process to merge the two Korean subsidiaries. Qoo10 applied on Thursday for the establishment of a new corporation, named KCCW (K-Commerce Center for World), with a paid-in capital of 999,999,900 won ($732,493) to push for the merger of the two companies. Tmon and WeMakePrice are facing a financial c
August 9, 2024 -
China's trade surges to record high in first seven months this year
SEOUL, August 9 (AJU PRESS) - Official data released on Wednesday reveals that China's foreign trade reached unprecedented levels in the initial seven months of this year, bolstering the country's economic growth. From January to July, goods trade volume grew by 6.2 percent compared to the same period last year, measured in yuan. Exports saw a 6.7-percent increase, while imports rose by 5.4 percent, as reported by the General Administration of Customs (GAC). Lyu Daliang,
August 9, 2024 -
PHOTOS: Gundam, Pokemon, One Piece featured at Bandai Namco's Fun Expo
SEOUL, August 09 (AJU PRESS) - Bandai Namco Korea hosts Fun Expo 2024 at COEX in Seoul from Aug. 8 to 11. The free-entry event showcases and sells popular IPs including Gundam, Power Rangers, Kamen Rider, Digimon, Tamagotchi, One Piece, Sanrio, Pokemon and Dragon Ball. Visitors can explore and purchase various character merchandise, including limited-edition Gundam plastic models and figures. The expo features interactive experiences such as plastic model assembly workshops, Nanoblock buildin
August 9, 2024 -
Indian wrestler retires after disqualification for weigh-in
SEOUL, August 9 (AJU PRESS) - India's leading female wrestler, Vinesh Phogat, has announced her retirement after failing the weigh-in ahead of the finals at the Paris Olympics. Phogat announced her decision to end her career on X (formerly Twitter) Thursday, just a day after being disqualified from the women's 50kg freestyle wrestling final. In her post, translated from Hindi, she said, "My courage is all broken, I don't have any more strength now. Goodbye Wrestling
August 9, 2024 -
Old Korean building in Washington poised for historic site recognition
Yonhap SEOUL, August 9 (AJU PRESS) - Korea's historic building in Washington, D.C., is expected to be registered as a site of historical significance and worth preserving, the U.S. Federal Register said on Wednesday. Last month, the District of Columbia recommended that the National Register of Historic Places include the Old Korean Legation Museum in its listings, citing its importance in U.S. history. The final decision will be made by the U.S. National Park Service after gath
August 9, 2024 -
Singapore cracks down on counterfeit goods sellers
SEOUL, August 09 (AJU PRESS) - In a series of operations, Singapore's law enforcement agencies have apprehended four individuals suspected of selling fake products online, The Straights Times reported. The raids resulted in the confiscation of counterfeit items valued at over half a million dollars. The first operation, spanning from July 31 to August 2, targeted locations near Aljunied MRT station and in Boon Lay. Officers seized more than 13,000 items, including perfumes, cosm
August 9, 2024 -
Japan's Kishida scraps Asia tour amid earthquake concerns
SEOUL, August 9 (AJU PRESS) - Japanese Prime Minister Fumio Kishida has canceled his scheduled four-day visit to Central Asia and Mongolia following heightened seismic activity warnings in Japan, the Kyoto News reported on Friday. The decision came after the Japan Meteorological Agency issued an unprecedented advisory regarding an increased risk of a significant earthquake along the Nankai Trough, a seismically active zone stretching from southwestern to central Japan. The alert
August 9, 2024 -
Naver reports record Q2 operating profit with strong growth across most segments
SEOUL, August 9 (AJU PRESS) - Korean tech giant Naver reported a record-high operating profit for the second quarter on Friday, fueled by strong growth across most business segments, including search services, commerce and financial technology. Naver said in a regulatory filing that its operating profit increased by 26.8 percent year-on-year to 472.7 billion won ($343.6 million) for the April-June period. Revenue surged 8.4 percent to 2.6 trillion won. Its adjusted EBITDA (Earnin
August 9, 2024 -
PHOTOS: Haebangchon, a trendy multicultural hub in Seoul
SEOUL, August 9 (AJU PRESS) - Haebangchon, a hilly neighborhood in Seoul's Yongsan district, is a trendy multicultural hub, attracting both domestic and international visitors. The area's name means "Liberation Village." During the Japanese occupation from 1910-45, it served as a Shinto shrine and military shooting range. After Korea's liberation on Aug. 15, 1945, Haebangchon initially housed North Korean refugees, returnees and those displaced by the war. Its proximi
August 9, 2024 -
PHOTOS: World Franchise Expo kicks off at COEX
SEOUL, August 9 (AJU PRESS) - The 74th World Franchise Expo is underway at COEX in Seoul from Thursday to Saturday. The event showcases over 180 domestic companies, offering aspiring entrepreneurs and industry professionals a chance to explore key start-up trends. Attendees can attend seminars led by experienced entrepreneurs and engage in one-on-one consultations with industry experts.
August 9, 2024
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Battery cell damage from external impact may have caused last month's EV fire: forensic service
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KBS demands apology from Real Madrid after abrupt cancellation of K-pop concert
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PHOTOS: Junior college admission fair opens in Seoul
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Koreans' views toward Japanese improve, survey finds
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Czech Republic optimistic about Korean consortium's bid for nuclear power plant project
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INTERVIEW: Female business leader urges women entrepreneurs to tap global markets
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Opinion: A wake-up call for Scholz and the European Union
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Opinion: Prime Minister's Visit underscores vital Britain ties
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INTERVIEW: Seoul City will boost walkability with new initiative
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Indonesian president among 6 million taxpayers in alleged data leak