Business
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CMG exports skincare products to Viet Nam
SEOUL, July 23 (AJU PRESS) - Korea's CMG Pharmaceutical announced Tuesday that its cosmetic products will be exported to An Thinh Phat, a Vietnamese distributor of healthcare products. CMG Pharmaceutical held a launch event for its "Dr. Bargo" brand in Hanoi on Sunday along with An Thinh Phat and Seoul-based distribution company Home & Mall Shopping. Dr. Bargo is a skincare brand jointly developed by CMG Pharmaceutical and Home & Mall Shopping, targeting the Vi
July 23, 2024 -
Korean Air signs deal to buy up to 50 Boeing planes
SEOUL, July 23 (AJU PRESS) - Korean Air has agreed to purchase up to 50 new aircraft from Boeing, marking its largest aircraft acquisition to date. The deal, worth about $30 billion, includes 20 777-9 and 20 787-10 planes, with an option for 10 additional 787-10s. The memorandum of understanding was signed at the Farnborough International Airshow in Hampshire, U.K. Walter Cho, chairman of Hanjin Group, and Stephanie Pope, president of Boeing Commercial Airplanes, attended the ceremo
July 23, 2024 -
Top food delivery app Baemin faces backlash over fee hike plan
SEOUL, July 23 (AJU PRESS) - Korea's largest food delivery app, Baedal Minjok (Baemin), is facing regulatory scrutiny and public criticism following its announcement to raise commission fees for restaurants. The company, which controls over 60 percent of the market, plans to increase its commission rate from 6.8 percent to 9.8 percent starting next month. Baemin is operated by Woowa Brothers, which is owned by Germany’s Delivery Hero. Civic groups are accusing Baemin
July 23, 2024 -
Kakao founder arrested on charges of stock manipulation
SEOUL, July 23 (AJU PRESS) - Kim Beom-su, the founder of Kakao Corp., was arrested Tuesday on charges of stock manipulation linked to the tech giant's takeover of SM Entertainment in 2023. Judge Han Jeong-seok of the Seoul Southern District Court issued an arrest warrant for Kim, citing concerns that he may destroy evidence and flee. The prosecution requested the arrest warrant last Wednesday on charges of violating the Financial Investment Services and Capital Markets Act.
July 23, 2024 -
KB Kookmin launches Indonesian service on mobile banking platform
SEOUL, July 22 (AJU PRESS) - KB Kookmin Bank has launched Indonesian language services on its mobile banking platform, "KB Star Banking," the major Korean lender announced Monday. Along with Indonesian, the platform offers multilingual services in nine other languages, including English, Chinese, Vietnamese, Thai and Russian. Through this new service, Indonesian speakers will be able to access account and transaction history, inquire about exchange rates, and use overse
July 22, 2024 -
LG OLED evo crowned best TV by global consumer publications
SEOUL, July 22 (AJU PRESS) - LG Electronics' artificial intelligence-powered OLED evo TV has secured top rankings in performance evaluations by consumer publications across 14 countries. The premium TV dominated reviews in key markets like North America and Europe. In the United States, Consumer Reports awarded it the highest score among 334 models tested, stating, "It's among the best TVs you can buy." The UK's "Which?" enthused, "The TV is a
July 22, 2024 -
Naver launches digital twin platform project in Saudi Arabia
SEOUL, July 22 (AJU PRESS) - Korean tech giant Naver has officially launched a project to build a digital twin platform in Saudi Arabia. The company announced the project in Riyadh on Sunday in collaboration with Saudi Arabia's Ministry of Municipal, Rural Affairs and Housing and the National Housing Company. The project, secured by Naver in October last year, aims to create highly accurate 3D models of major Saudi cities. Naver plans to leverage its ALIKE solution, which uti
July 22, 2024 -
CJ CheilJedang to promote Korean cuisine at Paris Olympics
SEOUL, July 22 (AJU PRESS) - CJ CheilJedang, a prominent Korean food company, plans to operate an outdoor booth to promote Korean cuisine in Paris during the 2024 Olympic Games, which are set to open in the French capital this week. The company said Monday the Bibigo Si-Jang (market) will run from July 25 to August 11 within the Korea House, a national promotional space organized by the Korean Sport & Olympic Committee. The food store will span about 230 square meters in a
July 22, 2024 -
Budget carriers surpass major airlines in international passenger numbers
SEOUL, July 22 (AJU PRESS) - Low-cost carriers (LCCs) in South Korea have outpaced both full-service carriers (FSCs) and foreign airlines in international passenger numbers during the first half of 2024, according to the Ministry of Land, Infrastructure and Transport's aviation statistics. From January to June, LCCs carried 15.26 million international passengers, accounting for 35.6 percent of the total 42.78 million. This figure exceeded the 14.16 million (33.1 percent) transpo
July 22, 2024 -
Pulmuone selects Korean representative for Asia pasta championship
SEOUL, July 22 (AJU PRESS) - Pulmuone, a leading Korean food company, has selected Chef Kim Jung-ho as the nation's representative to compete in the Pasta Championship Asia 2024, hosted by Barilla, a global pasta producer based in Italy. Kim, a graduate of the Culinary Institute of America, will compete against chefs from seven other countries in Manila on Oct. 25, the company said Sunday. Before the finals, national competitions were held in eight Asia-Pacific countries, inc
July 22, 2024
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China to regulate disposal of renewable energy waste
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Xi meets Putin in BRICS summit in Kazan
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Japan rail giant JR Central raided in bid-rigging probe
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Ireland, UAE sign bilateral treaties to combat organized crime
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IMF cuts Japan's growth outlook to 0.3 percent
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U.S. charges Iranian official in plot to assassinate dissident in New York
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OPINION: Kim Jong-un sends North Korean troops to fight in Ukraine – here's what this means for war
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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