Business
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Health supplement brand Foodology garners popularity in Japan
SEOUL, July 17 (AJU PRESS) - Foodology, a health supplement brand created by Adapt, topped sales in the food category during a large-scale online discount event in Japan in the second quarter, the Korean beauty product maker said Wednesday. The event, called "Mega Wari," is a major quarterly promotion held four times a year on Qoo10 Japan, an online marketplace. Foodology achieved cumulative sales of over 60,000 units, nearing daily sales of 200 million won ($144,770),
July 17, 2024 -
SK Innovation, SK E&S boards discuss proposed merger
SEOUL, July 17 (AJU PRESS) - SK Group's two energy subsidiaries, SK Innovation and SK E&S, are holding board meetings on Wednesday to discuss a merger proposal, which could result in the creation of a mega energy company with assets worth 106 trillion won ($76.8 billion) as early as November. As part of a business restructuring effort, SK Group has been pushing for a merger between SK Innovation, the energy intermediate holding company, and SK E&S, which is considered a
July 17, 2024 -
Samsung teams up with Tomorrow X Together for new brand song
SEOUL, July 17 (AJU PRESS) - Samsung Electronics unveiled a new Galaxy brand song titled "Open Always Wins" on Wednesday in collaboration with K-pop group Tomorrow X Together (TXT). The release of the song, which aims to emphasize the Galaxy brand value of "openness," coincides with the launches of new products such as the Galaxy Z Fold6 and Z Flip6. The alternative rock track features energetic guitar sounds and powerful vocals, encouraging listeners to appro
July 17, 2024 -
Korean cosmetics exports hit record high in first half
SEOUL, July 17 (AJU PRESS) - South Korea's cosmetics exports hit a record high of $4.82 billion in the first half of 2024, an 18.1 percent increase from the same period last year, driven by robust global demand, particularly in the United States, according to data from the Korea Customs Service released on Wednesday. If this trend continues, annual exports could surpass $10 billion for the first time, surpassing the previous record of $9.22 billion set in 2021. The trade su
July 17, 2024 -
SK Ecoplant to merge with 2 promising group units ahead of IPO
SEOUL, July 17 (AJU PRESS) - SK Ecoplant, a construction arm of SK Group, is expected to absorb two group companies as part of efforts to improve its bottom line ahead of its planned public offering. Industry sources said SK Ecoplant’s board may approve its integration of SK Materials Airplus, an industrial gas company, and Essencore, a semiconductor processing and distribution unit, on Thursday. SK Materials Airplus produces industrial gases required for semiconductor proc
July 17, 2024 -
Krafton unit's 'Dark and Darker Mobile' game set for global test
SEOUL, July 17 (AJU PRESS) - Bluehole Studio, a subsidiary of game developer Krafton, is accepting applications for a large-scale global test of its upcoming game "Dark and Darker Mobile." The test, scheduled for August 1 to 11, will be available in key markets including the United States, Japan, Türkiye, and Korea. The game will introduce new content, including a highly anticipated "Wizard" class, which specializes in powerful ranged attacks. It will als
July 17, 2024 -
Denmark partially lifts ban on spicy noodles from Korea
SEOUL, July 16 (AJU PRESS) - Denmark has partially lifted a recall on extremely spicy instant noodles from Korea, Samyang Food Co., their maker, said on Tuesday. Last month, the Danish Veterinary and Food Administration (DVFA) recalled three "Buldak" (Fire Chicken) products, citing concerns over high capsaicin levels potentially causing "acute poisoning." Now, two varieties — Nuclear Fire Chicken Noodles 2x Spicy and Fire Chicken Stew Noodles — ca
July 16, 2024 -
Regulator approves HD KSOE's acquisition of STX Heavy Industries
SEOUL, July 16 (AJU PRESS) - The Fair Trade Commission of Korea on Tuesday granted conditional approval for HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) to acquire a 35.05 percent stake in STX Heavy Industries Co. The merger, announced on July 15, is expected to solidify HD Korea Shipbuilding’s position as the world’s top player in the shipbuilding and marine engine markets. With the acquisition, HD KSOE will secure a 70 percent share in the domestic
July 16, 2024 -
Korea selects first drilling site in East Sea gas development project
SEOUL, July 16 (AJU PRESS) - The Korea National Oil Corporation (KNOC) has chosen the location for its first exploratory drilling in the East Sea deep-sea gas field development project, industry sources said on Tuesday. The site named "Blue Whale," spans the northern parts of Blocks 8 and 6-1 in an east-west direction and is estimated to have the largest oil and gas reserves among seven promising structures identified in the area. The KNOC is currently finalizing its revie
July 16, 2024 -
SK Telecom invests $200 million in US AI data center solutions firm
SEOUL, July 16 (AJU PRESS) - SK Telecom on Tuesday announced a $200 million investment in Smart Global Holdings (SGH), a U.S.-based data center integration solutions company. In its largest artificial intelligence-related investment to date, SK Telecom has recently signed a deal to secure about 10 percent stake in SGH through convertible preferred stock. SGH, headquartered in Silicon Valley, specializes in designing, building and operating AI clusters with large-scale GPU servers. T
July 16, 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