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

Police investigate cable manufacturer over alleged technology leak

SEOUL, July 15 (AJU PRESS) - Korean police are investigating the alleged leak of submarine cable technologies from LS Cable & System, the nation's top cable manufacturer, to its competitor, Taihan Cable & Solution. The Gyeonggi Nambu Police Agency said its investigators recently raided Taihan Cable's headquarters and offices and are examining seized documents as part of the probe. Previously, the police booked Taihan Cable and a construction design firm, which is

July 15, 2024

Samsung's Tizen OS adopted by luxury German TV brand LOEWE

SEOUL, July 15 (AJU PRESS) - Samsung Electronics announced Monday its Tizen operating system will be installed in LOEWE's premium TV lineup, "Stellar." LOEWE, a century-old German brand known for high-end home cinema products, will now offer Samsung's TV Plus, Gaming Hub, and SmartThings services through Tizen OS. Tizen OS, developed by Samsung, is one of the world's largest TV platforms, powering over 270 million Samsung smart TVs as of 2023. It provides a wid

July 15, 2024

Shinhan Bank provides digital consultation service for foreign customers

SEOUL, July 15 (AJU PRESS) - Shinhan Bank has launched a digital consultation service to help foreign customers more easily access and manage their banking needs, the company announced on Monday. The service, called "Shinhan Global Plus," is designed to assist foreign customers in using Shinhan's digital lounge and video consultation-based channels. The digital lounge is equipped with digital desks and smart kiosks, with concierge staff on hand to ensure that anyone ca

July 15, 2024

LG Chem to supply membranes for Oman's largest desalination plant

SEOUL, July 15 (AJU PRESS) - LG Chem announced on Monday it will supply 23,000 reverse osmosis (RO) membranes to GS Inima, the contractor for Oman's Ghubrah III Desalination Project. The plant, set to become Oman's largest when operational in the first quarter of 2027, will produce 300,000 cubic meters of fresh water daily, serving 2.5 million people in the capital area, according to the company. Reverse osmosis is a water purification process that uses a partially permeabl

July 15, 2024

Korean defense, crypto stocks rise in wake of Trump assassination attempt

SEOUL, July 15 (AJU PRESS) - Korean defense and cryptocurrency stocks rose Monday amid growing investor expectations for Donald Trump’s win in the U.S. presidential election after an assassination attempt at a campaign event. As of 9:23 a.m. (1223 GMT), Hanwha Aerospace was trading at 262,000 won ($189.4), up 3.35 percent from the previous trading day. LIG Nex1 was trading at 255,000 won, up 4.37 percent, or 9,500 won, from the previous day. Hyundai Rotem and Hanwha Systems al

July 15, 2024

LG Electronics gets international certification for autonomous mobile robot

SEOUL, July 15 (AJU PRESS) - LG Electronics has become the first Korean company to receive a certification from global testing and certification firm DNV for a low-profile Autonomous Mobile Robot (AMR). This certification, crucial for European exports, verifies the robot's safety design and redundant control functions. The AMR, an advanced logistics robot that autonomously navigates, utilizes a safety controller that monitors sensor signals in real-time to ensure safe decelera

July 15, 2024