Business
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SK Ecoplant expects acquisition of two group subsidiaries will bolster competitiveness
SEOUL, July 19 (AJU PRESS) - SK Ecoplant, a Korean environmental and infrastructure company, said Friday its planned acquisition of two SK Group affiliates will enhance its core competitiveness and future growth engines. On Thursday, the company’s board approved a plan to take over Essencore, a semiconductor module manufacturer, and SK Materials AirPlus Co., an industrial gas producer, through share exchanges with parent company SK Inc. Essencore, headquartered in Hong Kong
July 19, 2024 -
Samsung Electronics dominates JD Power customer satisfaction rankings in U.S.
SEOUL, July 19 (AJU PRESS) - Samsung Electronics has secured the top position in 10 out of 11 appliance categories in JD Power's 2024 Kitchen and Laundry Appliance Satisfaction Study. This achievement surpasses their previous record of nine category wins in 2021, earning Samsung the title of "Most Awarded Brand for Kitchen and Laundry Appliances." The annual study, conducted by the U.S. market research firm, surveyed over 15,000 consumers who purchased appliances in th
July 19, 2024 -
KakaoTalk dominates Korean messaging market, study shows
SEOUL, July 19 (AJU PRESS) - KakaoTalk remained the most widely used messaging platform in Korea last year, with 93.5 percent of users naming it as their primary choice, a government survey showed Friday. The study conducted in 2023 by the Ministry of Science and ICT also found that Kakao T led the ride-hailing sector with an 86.6 percent market share, while Instagram topped social networking services at 36.3 percent. In e-commerce, the survey noted a high rate of "multi-hom
July 19, 2024 -
Amorepacific receives carbon neutrality award from consumer organization
SEOUL, July 18 (AJU PRESS) - Amorepacific, a leading South Korean cosmetics company, has received top honors for its carbon neutrality efforts at a prestigious national awards ceremony. The company was awarded the Carbon Neutrality Grand Prize and Minister of Environment Award at the 27th Energy Winner Awards, organized by the Citizens' Organization for Consumer Protection of Korea. Amorepacific became the first to receive the highest recognition in the Carbon Neutrality Winner
July 18, 2024 -
Korean, Japanese SME bodies agree to boost cooperation
Kim Ki-moon (fourth from left), chairman of the Korea Federation of SMEs (KBIZ), and Hiroshi Mori (third from right), chairman of the National Federation of Small Business Associations in Japan, pose for a photo after signing a cooperation agreement in Tokyo on July 18, 2024. Courtesy of KBIZ SEOUL, July 18 (AJU PRESS) - The Korea Federation of SMEs (KBIZ) signed a memorandum of understanding on Thursday with the National Federation of Small Business Associations in Japan to boost coopera
July 18, 2024 -
Samsung Electronics acquires British knowledge graph startup
SEOUL, July 18 (AJU PRESS) - Samsung Electronics has acquired Oxford Semantic Technologies, a British startup specializing in knowledge graph technology. With the purchase, signed on Tuesday, Samsung expects to secure world-class expertise in storing and processing data in a manner similar to human knowledge recall. Founded in 2017 by three Oxford University professors, the startup has successfully commercialized advanced knowledge graph technology, enabling optimized data proce
July 18, 2024 -
CJ CheilJedang promotes Korean food with Times Square ad
SEOUL, July 18 (AJU PRESS) - CJ CheilJedang, a leading Korean food company, announced its large-scale 3D advertisement for its Bibigo brand in New York's Times Square on Thursday, aiming to boost global recognition of Korean cuisine. The advertisement, which began on July 1 and will run for eight weeks until August 25, features a 3D media art display showcasing Bibigo's new logo, brand slogan 'Live Delicious,' and popular products such as dumplings and chicken. It wi
July 18, 2024 -
Carcinogens found in underwear sold on e-commerce site Shein
SEOUL, July 18 (AJU PRESS) - Korean authorities have discovered a carcinogenic substance in women's underwear sold on Shein, a popular Chinese e-commerce platform. The Seoul Metropolitan Government announced on Thursday that the underwear contained arylamine, a known carcinogen, at levels nearly three times higher than the Korean safety standard. The investigation, conducted from June 11 to July 11, examined 330 items including clothing, cosmetics, food containers and hygiene pr
July 18, 2024 -
Korea's KHNP selected as preferred bidder for Czech nuclear plant project
SEOUL, July 18 (AJU PRESS) – A Korean consortium led by the state-run Korea Hydro & Nuclear Power (KHNP) has been selected as the preferred bidder to construct nuclear power plants in the Czech Republic, estimated to be worth 400 billion koruna ($17.3 billion). The Czech government announced on Wednesday that KHNP was chosen over French electric utility firm Électricité de France to build at least two nuclear reactors in Dukovany. The deal would mark a sig
July 18, 2024 -
SK Innovation, SK E&S boards approve mega-merger plan
SEOUL, July 18 (AJU PRESS) - The boards of SK Group's two energy subsidiaries, SK Innovation and SK E&S, have approved a plan to merge on Nov. 1, which will result in the creation of Asia's largest energy company with assets worth 106 trillion won ($76.8 billion). As part of a large-scale business restructuring effort, SK Group has been pushing for a merger between SK Innovation, the energy holding company, and SK E&S, an unlisted affiliate. Under the plan passed
July 18, 2024
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Philippine court sentences 17 Abu Sayyaf militants to life over 2000 resort raid
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KAIST team develops brain-inspired AI learning system
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20 dead or missing after boat sinks off Myanmar coast
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India PM Modi, Hyundai Chairman Chung discuss EV cooperation
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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