Business
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Samsung enhances AI appliances with advanced voice control
SEOUL, August 26 (AJU PRESS) - Samsung Electronics has upgraded its artificial intelligence voice assistant Bixby for its Bespoke AI appliances, enabling more intuitive voice commands. The new system can understand multi-intent instructions, maintain context across conversations and provide detailed product information through voice queries, the company said Monday. With the appliances comprehending and executing multiple tasks simultaneously, users can now issue complex commands li
August 26, 2024 -
GI Innovation partners with MSD for clinical trials combining immunotherapy agents
SEOUL, August 26 (AJU PRESS) - Korea's pharmaceutical company GI Innovation announced Monday it has entered into a Clinical Trial Collaboration and Supply Agreement (CTCSA) with American multinational pharmaceutical firm Merck & Co. Under the agreement, the two companies will evaluate the efficacy of combining GI Innovation's immunotherapy agent GI-102 with MSD's immunotherapy drug Keytruda in clinical trials involving patients with resistant liver cancer, melanoma,
August 26, 2024 -
Hanwha Aerospace builds first overseas defense production plant in Australia
SEOUL, August 23 (AJU PRESS) - Hanwha Aerospace has built a manufacturing plant in Australia to produce self-propelled howitzers and armored vehicles, the Korean defense firm announced on Friday. The facility, named the Hanwha Armoured Vehicle Centre of Excellence (H-ACE), is the first overseas production base created by a Korean defense company. Located in Geelong, Victoria, the plant is scheduled to begin mass production of Australian versions of Hanwha's K9 Self-Propelled
August 23, 2024 -
Korea, Paraguay sign trade, investment framework agreement
SEOUL, August 23 (AJU PRESS) - Korea and Paraguay signed a Trade and Investment Promotion Framework (TIPF) in Seoul on Friday, paving the way for expanded economic cooperation. Paraguay is the second country in Mercosur, the South American trade bloc, with which Korea has signed a TIPF, following Brazil. The agreement was signed by Korea's Minister for Trade Cheong In-kyo (right) and Paraguay's Minister of Industry and Commerce Javier Giménez. Paraguay, which re
August 23, 2024 -
Survey reveals widespread AI adoption among Korean firms
SEOUL, August 22 (AJU PRESS) - Three out of four South Korean companies have either implemented or are piloting artificial intelligence (AI) technologies, according to a study released Thursday. The survey, conducted in March by data storage company Pure Storage and pollster Embrain, involved IT professionals from 200 domestic firms with over 500 employees. The findings indicate that 34.5 percent of businesses have already integrated AI into specific departments, while 39 percent
August 22, 2024 -
Korea's scientific output lags behind heavy investments: Nature
SEOUL, August 22 (AJU PRESS) - South Korea's research output is not keeping pace with its substantial investments in science and technology, as gender gaps, a shrinking population and cultural barriers hinder the country's innovation ecosystem, a new report from Nature said. The prominent science magazine released a special edition of Nature Index focusing on South Korea's research landscape on Wednesday. According to the report, South Korea leads major countries in
August 22, 2024 -
Korean banks log record interest income in first half
SEOUL, August 22 (AJU PRESS) - Korean banks posted a record-high interest income of 29.8 trillion won ($22.3 billion) in the first half of 2024, up 1.4 percent year-on-year, the Financial Supervisory Service (FSS) reported on Thursday. However, net profit for the period declined by 11 percent to 12.6 trillion won, primarily due to a decrease in non-interest income and operating losses from provisions for equity-linked securities (ELS). The FSS noted that banks' interest incom
August 22, 2024 -
Bank of Korea holds key rate amid property market concerns
SEOUL, August 22 (AJU PRESS) - Korea's central bank kept its benchmark interest rate unchanged at 3.5 percent on Thursday amid concerns over rising housing prices and household debt. The Bank of Korea's (BOK) Monetary Policy Board decided to freeze its seven-day repurchase rate for the 13th consecutive time since February 2023, marking the longest-ever streak of rate holds. The decision was widely expected. Despite BOK Governor Rhee Chang-yong's recent hints in July o
August 22, 2024 -
CJ to launch Bibigo dumplings at New Zealand supermarkets
SEOUL, August 21 (AJU PRESS) - CJ CheilJedang will launch its Bibigo brand dumplings at New Zealand’s two major supermarket chains, the Korean food company said Wednesday. Its Bibigo Homestyle Mandu Pork Dumplings and Pork & Kimchi Flavored Dumplings will be available in New World and Pak'nSave stores, starting with Auckland in early September. These two products, already available in ethnic markets across Australia and New Zealand, will gradually expand to stores n
August 21, 2024 -
Robot makes pizza, coffee at high-tech convenience store
SEOUL, August 21 (AJU PRESS) - A new high-tech convenience store operated by G25 is pushing the boundaries of retail automation with robots that make pizza, coffee and ice cream. The 220-square-meter store, called "GroundBlue49," recently opened in Insa-dong, Seoul’s center of traditional culture and arts, the leading convenience store chain said Wednesday. The company plans to use the location as a testbed for commercializing new retail technologies. The store
August 21, 2024
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PHOTOS: National Folk Museum showcases traditional funeral dolls
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PHOTOS: Seoul holds sign language cultural festival
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PHOTOS: KES 2024 opens at COEX, highlighting AI innovations
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BLACKPINK's Jennie makes Billboard Hot 100 debut with latest single
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British Embassy's roundtable meeting raises awareness of climate change
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Workers over 60 become largest employed age group in Korea for first time
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South Korea mulls sending inspectors to Ukraine to monitor North Korean troops in Russia
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U.S. stealth fighter completes maiden landing on Japanese vessel
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5.8 magnitude earthquake strikes Indonesia's Molucca Sea region
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North Korea dismisses allegations of troop deployment to Russia as 'groundless'