Latest news
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Opinion: By picking Tim Walz as her running mate, Harris shows she's running her own race, by her own rules
SEOUL, August 7 (AJU PRESS) - U.S. Vice President Kamala Harris called Minnesota Governor Tim Walz to ask him to be her running mate in her campaign for the presidency on Tuesday. After telling Harris he "would be honored," the first thing Walz observed was "the joy that you're bringing back to the country, the enthusiasm that's out there." Harris' choice of Walz confirms and leans into this extraordinary vibe shift in American politics. In only a
August 7, 2024 -
SK hynix to receive up to $450m of US grants for Indiana chip facility
SEOUL, August 06 (AJU PRESS) -- SK hynix will receive up to $450 million in subsidies from the U.S. government for its investment in a semiconductor packaging facility in Indiana, the U.S. Department of Commerce announced Tuesday. The U.S. Department of Commerce has signed a preliminary memorandum of terms with the Korean chipmaker to provide the federal grants needed to establish a high-bandwidth memory (HBM) advanced packaging fabrication and research and development facility.
August 6, 2024 -
PHOTOS: Farmers protest falling rice prices
SEOUL, August 6 (AJU PRESS) — Farmers gathered in front of Seoul Station on August 6 to protest falling rice prices. The rally, organized by the National Farmers' Federation, called for the resignation of President Yoon Suk Yeol, accusing him of failing to guarantee rice prices. Rice prices dropped to 179,516 won per 80 kilogram in July, falling short of the government target of 200,000 won. The government had promised to maintain the price when Yoon vetoed a law amendment in
August 6, 2024 -
Seoul shares rebound after major drops
SEOUL, August 6 (AJU PRESS) - Korea's benchmark KOSPI index rebounded by over 3 percent and recovered the 2,500 level on Tuesday, reversing a sharp decline triggered by fears of an economic downturn in the U.S. The KOSPI closed at 2,522.15, up 80.60 points or 3.3 percent from the previous trading day. The index began the session at 2,533.34, marking an increase of 91.79 points or 3.76 percent from the prior close. At one point, it surged by as much as 5.62 percent. On Mond
August 6, 2024 -
Gov't promises financial assistance, shorter settlement periods to address e-commerce crisis
SEOUL, August 6 (AJU PRESS) - The Korean government on Tuesday promised massive financial support to ensure that refunds are completed this week for consumers affected by the ongoing e-commerce payment crisis. Officials from related ministries and the ruling People Power Party (PPP) held a high-level policy consultation to address the financial troubles surrounding Tmon and WeMakePrice, e-commerce platforms owned by Singapore-based Qoo10. “The ruling party and the governm
August 6, 2024 -
PHOTOS: Gold pop-up store celebrates Paris Olympics
SEOUL, August 06 (AJU PRESS) - Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) has opened a gold pop-up store at the CU convenience store in Olympic Plaza to support the national team for the Paris Olympics. The store offers over 150 gold products, including Team Korea support gold cards, card-type gold, pendant medals and gold bars. The pop-up runs from July 25 to August 8, coinciding with the Paris Olympics. To celebrate and wish for gold medals, all products are discou
August 6, 2024 -
Malaysian authorities seize over MYR600,000 worth of drugs at Sabah airports: report
SEOUL, August 06 (AJU PRESS) - Malaysian authorities have apprehended two suspected drug couriers, including a teenager, at airports in Sabah, seizing over 20kg of narcotics valued at approximately MYR667,729.44 ($149080.08), Borneo Bulletin reported. The arrests occurred on July 30 at Tawau Airport and Kota Kinabalu International Airport (KKIA), with both suspects arriving from Kuala Lumpur within 30 minutes of each other. State Customs assistant director-general Siti Mang reported
August 6, 2024 -
Shackled American woman self-harms in Indian forest: report
SEOUL, August 06 (AJU PRESS) - An American woman found with her feet shackled to a tree in a jungle in India has informed the police that she chained herself and that no one else was involved in the incident, ETV Bharat reported on Tuesday. The 50-year-old was discovered on July 27 in a forest near Sindhudurg district in Maharashtra by a shepherd. The American woman told the Sindhudurg police on Saturday that she had brought three locks and iron chains with her and used one set t
August 6, 2024 -
GI Innovation shifts focus to obesity drug development
SEOUL, August 6 (AJU PRESS) - Korean biotechnology company GI Innovation announced on Tuesday its plans to develop a new obesity treatment, GI-213, as its next flagship pipeline product. The company has completed a patent application for the dual-fusion protein compound, which promotes fat breakdown, increases energy expenditure and enhances muscle mass. In preclinical trials, mice fed a high-fat diet and treated with GI-213 showed a 36.1 percent reduction in body weight after six w
August 6, 2024 -
100 Filipino domestic helpers arrive in Seoul
Workers from the Philippines arrive at Incheon International Airport on Aug. 6, 2024. Yonhap SEOUL, August 6 (AJU PRESS) - About 100 workers from the Philippines arrived in Korea on Tuesday. They are set to start working as domestic helpers in Korean homes next month. Hiring them as maids or nannies under a program initiated by the Seoul Metropolitan Government aims to relieve difficulties faced by young couples who struggle to balance childcare and household chores. These helpers w
August 6, 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