LG Energy Solution to showcase high-voltage mid-nickel battery at German trade fair

SEOUL, September 17 (AJP) - LG Energy Solution will showcase its pouch-type, high-voltage Cell-to-Pack (CTP) battery with a mid-nickel composition at IAA Transportation 2024 in Hanover, starting Tuesday for a six-day run. The battery offers a maximum range of 600 kilometers for large trucks, making it suitable for long-distance travel. It can be charged up to 5,000 times before performance begins to decline. These batteries have a nickel content of 40 to 60 percent and increased

September 17, 2024

Telegram: A hotbed for narcotics, digital sex crimes

SEOUL, September 13 (AJP) - It took this reporter just a few minutes to find a dozen channels selling illicit narcotics on Telegram. A simple search for "weed" in Korean on X (formerly Twitter) yielded several keywords and invitation links for Telegram chat groups. To maintain discretion, these groups used jargon like "ice" and "herbs" to refer to methamphetamine and marijuana, respectively. "MDMA, also known as ecstasy ... induces soft, warm, and

September 13, 2024

JobKorea's foreign recruitment platform surpasses 1,000 job postings

SEOUL, September 13 (AJP) – The number of job postings registered on JobKorea’s international service, KLiK (Kickstart Life in Korea), has surpassed 1,000, the online recruiting company said. KLiK, launched in July, provides job information in Korea for foreign nationals in 28 languages, including English, Chinese, French, German, and Dutch. JobKorea aims to solidify its position as the largest international recruitment platform in Korea by offering more effective and

September 13, 2024

Olive Young's global sale highlights emerging K-beauty brands for international shoppers

SEOUL, September 12 (AJP) – A recent global sales event by Olive Young, a leading Korean beauty retailer, revealed the popularity of small and medium-sized Korean beauty brands among international consumers, the company said Thursday. Olive Young conducted the "Big Bang Sale" from Aug. 30 to Sept. 5, introducing emerging K-beauty brands to international consumers. The event is an international version of the domestic "Olive Young Sale" and is availab

September 12, 2024

Samsung starts industry's first mass production of QLC 9th-generation V-NAND

SEOUL, September 12 (AJP) - Samsung Electronics has announced the industry's first mass production of 1-terabit quad-level cell (QLC) 9th-generation vertical NAND. This breakthrough follows their April launch of triple-level cell (TLC) 9th-generation V-NAND, solidifying Samsung's leadership in high-capacity, high-performance NAND flash markets. The new V-NAND utilizes innovative "channel hole etching" technology to achieve the highest layer count in the industry wi

September 12, 2024

Woori Bank opens two new branches in India

SEOUL, September 12 (AJP) - Woori Bank said Thursday it has opened new branches in Pune and Ahmedabad in Western India. The Korean lender currently operates three branches in the country -- in Chennai, Gurugram, and Mumbai. The Pune branch in Maharashtra will focus on providing operational funds to support business expansion for both Korean and Indian companies. The Ahmedabad branch in Gujarat will concentrate on offering financial services to Indian small and medium-sized e

September 12, 2024

Korea approves nuclear reactor construction for first time in 8 years

SEOUL, September 12 (AJP) - The Korean government approved the construction of new nuclear reactors for the first time in more than eight years on Thursday, as the country seeks to expand atomic power to meet its net-zero targets and enhance energy security. The Nuclear Safety and Security Commission (NSSC) granted the construction permit for the third and fourth units of the Shin-Hanul nuclear power plant located in the southeastern county of Uljin. It has been eight years since K

September 12, 2024

POSCO Future M secures 1.8 trillion won battery material deal amid EV slowdown

SEOUL, September 12 (AJP) — POSCO Future M, a battery materials subsidiary of steelmaker POSCO, has secured a contract worth about 1.8 trillion won ($1.3 billion) to supply high-nickel cathode materials for electric vehicle (EV) batteries. The company announced the deal in a regulatory filing on Wednesday but did not disclose the name of the customer or other details, citing a confidentiality agreement. The contract value represents about 38.8 percent of POSCO Future M'

September 12, 2024

Pulmuone exports frozen gimbap to China

SEOUL, September 12 (AJP) — Pulmuone said Thursday that it has become the first Korean company to export frozen gimbap, Korean seaweed rice rolls, to major retail outlets in China. The fresh food company has launched its Tuna Gimbap in Sam's Club, which operates 49 stores in major Chinese cities. Pulmuone aims to export about 620,000 packs annually, including approximately 136,000 packs this month alone. The company sees significant potential in the Chinese market, c

September 12, 2024

LG CNS launches IT service joint venture in Indonesia

SEOUL, September 11 (AJP) – Korea's IT solutions provider LG CNS has officially launched its joint venture with Indonesia's Sinar Mas in Jakarta. The new company, LG Sinar Mas Technology Solutions, aims to leverage the strengths of both parent companies to provide advanced data center services, cloud migration, and digital transformation solutions, LG said. The venture also plans to expand its offerings to include smart city development and financial IT services. Th

September 11, 2024