Latest news
-
Indian wrestler fails to compete in final due to weight disqualification
SEOUL, August 08 (AJU PRESS) - India's prominent female wrestler, Vinesh Phogat, saw her hopes of contending in the final match at the Paris Olympics dashed due to her failure to make weight. Phogat, who had become the first Indian female wrestler to reach an Olympic final, was scheduled to compete in the women’s 50kg freestyle wrestling final on Wednesday. However, she was disqualified for being only 150 grams over the weight limit. Under United World Wrestling rules,
August 8, 2024 -
Ethnic forces gain ground in Northen Myanmar as military struggles to maintain control
SEOUL, August 8 (AJU PRESS) - Ethnic armed groups in Myanmar's northern Shan State have made significant advances against the military junta, capturing several strategic towns and bases. The Irrawaddy reported the Ta'ang National Liberation Army (TNLA), a key member of the Brotherhood Alliance, has resumed its offensive operation, seizing control of Nawnghkio, a crucial town on the Myanmar-China trade route. On Tuesday, clashes erupted as the TNLA and its allies engaged ju
August 8, 2024 -
Kakao founder indicted for stock price rigging
SEOUL, August 8 (AJU PRESS) - The prosecution indicted Kim Beom-su, the founder of Kakao Corp., on Thursday on charges of stock manipulation related to the tech giant's 2023 takeover of SM Entertainment. Kim had been arrested on July 23 for violating the Financial Investment Services and Capital Markets Act. The Seoul Southern District Prosecutors' Office also sent former Kakao Corp. CEO Hong Eun-taek and former Kakao Entertainment CEO Kim Sung-soo to trial on the same ch
August 8, 2024 -
S&P upgrades SK Hynix rating, citing strong HBM performance
SEOUL, August 08 (AJU PRESS) - S&P Global Ratings has upgraded SK hynix's credit rating to 'BBB' from 'BBB-', the company's highest-ever rating from the agency. The outlook remains stable. The upgrade reflects SK hynix's strong market position in high bandwidth memory (HBM) and expectations of improved financial performance. S&P projects the company's annual earnings before interest, taxes, depreciation, and amortization (EBITDA) to reach 34
August 8, 2024 -
Electric vehicle explosion sparks safety concerns in Korea
SEOUL, August 8 (AJU PRESS) - Concerns are growing among Korean consumers about the safety of electric vehicles following a recent EV explosion in Incheon, west of Seoul. On August 1, a Mercedes-Benz EQE sedan exploded in the underground parking garage of an apartment complex, sparking a fire that injured about 20 people and damaged over 100 cars. Investigations are still underway to determine the exact cause of the fire. Experts have suggested overcharging or initial defects in
August 8, 2024 -
N. Korean envoy arrives in Viet Nam amid Pyongyang's move to resume diplomacy
SEOUL, August 8 (AJU PRESS) - North Korea's new ambassador to Viet Nam arrived in Hanoi earlier this week, becoming the isolated country's first envoy abroad since the outbreak of the coronavirus pandemic. Ri Sung-kuk replaces his predecessor Kim Myong-gil, who returned to Pyongyang in April 2019. The post had remained vacant since then. His appointment and arrival at the overseas mission came after Ri Ryong-nam was appointed as ambassador to China in 2021. Vietnam'
August 8, 2024 -
Monks make debut as K-pop group to spread Buddhism
SEOUL, August 8 (AJU PRESS) - Some 10 monks and nuns have teamed up to promote Buddhism, starting their activities with a debut stage in the southern port city of Busan on Thursday, according to the Jogye Order of Korean Buddhism. The Korea's largest Buddhist organization said BTENS will help people find peace and solace through the religious method of meditation. "Korea topped the suicide rate among OECD countries. We pondered what we can do about this as religious peo
August 8, 2024 -
Badminton legend critiques rising star
SEOUL, August 08 (AJU PRESS) - Bang Soo-hyun, the gold medalist in women’s singles in badminton at the 1996 Atlanta Olympics and now a prominent TV commentator, has expressed disappointment in badminton star An Se-young's recent public criticism of the Badminton Korea Association. In a radio interview, Wednesday, Bang said An’s decision to publicly air grievances about the association immediately after winning the gold medal at the Paris Olympics was “regret
August 8, 2024 -
OIC blames Israel responsible for escalating tensions with assassination in Iran
SEOUL, August 8 (AJU PRESS) - The Organisation of Islamic Cooperation (OIC) has held Israel responsible for the recent attack that killed Hamas political leader Ismail Haniyeh in Iran. In a statement released after an emergency meeting of the 57-member organization on Wednesday in Saudi Arabia, the OIC called the attack "a serious infringement" on Iran's sovereignty and declared Israel, as the "illegal occupying power," fully responsible. The Gambia's For
August 8, 2024 -
Kakao reports record Q2 revenue, profit surge, driven by platform businesses
SEOUL, August 8 (AJU PRESS) - Kakao Corp., Korea's leading tech company, reported record revenue and double-digit profit growth for the second quarter on Thursday, driven by its advertisement, e-commerce and other platform-based businesses. The company, which operates Korea’s largest mobile messaging app, KakaoTalk, said in a regulatory filing that revenue increased by 4 percent year-on-year to a record 2 trillion won ($1.4 billion) for the April-June period. Net incom
August 8, 2024
-
Battery cell damage from external impact may have caused last month's EV fire: forensic service
-
KBS demands apology from Real Madrid after abrupt cancellation of K-pop concert
-
PHOTOS: Junior college admission fair opens in Seoul
-
Koreans' views toward Japanese improve, survey finds
-
Czech Republic optimistic about Korean consortium's bid for nuclear power plant project
-
INTERVIEW: Female business leader urges women entrepreneurs to tap global markets
-
Opinion: A wake-up call for Scholz and the European Union
-
Opinion: Prime Minister's Visit underscores vital Britain ties
-
INTERVIEW: Seoul City will boost walkability with new initiative
-
Indonesian president among 6 million taxpayers in alleged data leak