Business
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Samsung showcases glasses-free 3D monitor at German gaming fair
SEOUL, August 21 (AJU PRESS) - Samsung Electronics is showcasing its latest gaming monitors, including a glasses-free 3D display model, at gamescom 2024 in Germany. The world's biggest gaming exhibition opened in Cologne on Wednesday (local time) for a five-day run with about 1,400 companies participating. The Korean tech giant has set up its largest-ever exhibition space, spanning 800 square meters. At the forefront of its offerings is the Odyssey 3D, which won the Best o
August 21, 2024 -
Korea to provide 1.6 trillion won in financial support to vendors hit by e-commerce payment delays
SEOUL, August 21 (AJU PRESS) - The Korean government on Wednesday announced a 1.6 trillion won ($1.2 billion) financial support package to assist vendors affected by payment delays from e-commerce platforms Tmon and WeMakePrice. The decision was unveiled during an economic ministers' meeting held to discuss measures to address the ongoing crisis. The government estimates the total amount of overdue payments at 818.8 billion won. The support measures include low-interest lo
August 21, 2024 -
Korean companies make record showing at this year's gamescom
SEOUL, August 20 (AJU PRESS) - Korean video game developers are set to make their largest-ever presence at gamescom 2024, Europe's premier gaming exhibition, which opens on Wednesday in Cologne, Germany. Major companies including Nexon, Krafton, Pearl Abyss and Hybe IM will showcase new titles to both consumers and industry professionals, marking a significant increase in Korean participation compared to last year, when Hybe IM was the only major Korean company with a standalone
August 20, 2024 -
South Korea, Malaysia resume FTA negotiations after five-year hiatus
SEOUL, August 20 (AJU PRESS) - South Korea and Malaysia resumed free trade negotiations in Kuala Lumpur on Tuesday after a five-year pause, Seoul officials said. The fourth round of talks will continue until Friday, with an expanded agenda that includes investment and service sectors, according to the Ministry of Trade, Industry, and Energy. The last round of talks was held in September 2019. Malaysia is Korea’s third-largest trading partner and fourth-largest investmen
August 20, 2024 -
Amorepacific's Hera expands into Thai market
SEOUL, August 20 (AJU PRESS) - Hera, a contemporary beauty brand under Amorepacific, has officially launched in Thailand, marking a significant step in its global expansion strategy. The brand’s first Thai store opened on Aug. 8 in Bangkok’s Central Chidlom department store, located in the bustling Chidlom shopping district. The launch event attracted 200 global media representatives and influencers, featuring brand introductions, makeup demonstrations and beauty routine
August 20, 2024 -
Online retailer's shutdown fuels fears of wide re-commerce crisis in Korea
SEOUL, August 20 (AJU PRESS) - The sudden closure of online retailer Allets is sparking fears of a wider crisis in Korea’s e-commerce industry. The company, which sells furniture and home appliances, announced on its website Friday that it would cease operations on Aug. 31 due to "unavoidable management circumstances." The notice came amid an ongoing e-commerce payment crisis that led to two platforms, Tmon and WeMakePrice, seeking court rehabilitation late last
August 20, 2024 -
Golden years blues: Korea's elderly take tough jobs to make ends meet
SEOUL, August 19 (AJU PRESS) - For 30 years, Kim climbed the ranks in the electronics industry, moving from circuit engineer to chip sales manager. Now in his late 50s and early retirement, he works as a taxi driver, spending 10 hours a day behind the wheel — a career turn he never anticipated. “It’s far from easy,” said Kim, who lives in Anyang, south of Seoul. “As a night-shift taxi driver, I often pick up intoxicated passengers, and minor altercation
August 19, 2024 -
Samsung extends TV market leadership as LG reigns in OLED segment
SEOUL, August 19 (AJU PRESS) - Samsung Electronics and LG Electronics on Monday reported strong performances in the global TV market, each dominating different segments in the first half of 2024. Samsung said that it continued its reign as the overall global TV market leader for the 19th consecutive year, citing data from market research firm Omdia. The company achieved a 28.8 percent market share by value and 18.3 percent by volume. Samsung's success was driven by its n
August 19, 2024 -
LG Electronics expands investment in AI, deep tech
SEOUL, August 19 (AJU PRESS) - LG Electronics has participated in SBVA's Alpha Intelligence Fund as a major limited partner in a bid to bolster its position in the artificial intelligence and deep tech sectors. On Sunday, the Korean tech giant announced its investment of $10 million in the $130 million fund, which focuses on startups with high growth potential in AI, deep tech, and robotics. The company said it will leverage the investment to stay abreast of innovation trends
August 19, 2024 -
Korean Air, Air Premia expand U.S.-China interline routes
SEOUL, August 19 (AJU PRESS) - Korean Air and Air Premia have significantly expanded their interline cooperation, adding 12 new routes connecting the United States and China via Incheon, industry insiders said on Monday. The expansion, effective from Aug. 14, includes flights from New York, Los Angeles and San Francisco to various Chinese destinations such as Beijing, Shanghai and Hong Kong. This move increases the total number of interline routes between the two carriers from 13 to
August 19, 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'