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

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