Sipping in style: Tumbler craze sweeps Korea with fashion, function, environmental impact

SEOUL, July 11 (AJU PRESS) - From the bustling streets of Seoul to sun-drenched parks and air-conditioned offices, it is increasingly common to see Koreans carrying sleek, colorful tumblers. The newfound popularity of insulated beverage containers is fueling a burgeoning cultural phenomenon, transforming once run-of-the-mill cups into fashion accessories, environmental statements and even status symbols. Yena Park, a Pilates instructor in her 20s, is one of the most fervent aficion

July 11, 2024

Samsung set to unveil new AI-powered foldables, first smart ring in Paris

SEOUL, July 10 (AJU PRESS) - Samsung Electronics is set to introduce its latest foldable phones, the Galaxy Z Flip and Fold 6, alongside its first smart ring, the Galaxy Ring, at the Galaxy Unpacked 2024 event in Paris on Wednesday (local time). The showcase, held at the Louvre Museum, will also feature the Galaxy Watch 7 and Galaxy Buds 3. The Z Flip and Fold 6 series, Samsung's second artificial intelligence-powered smartphones after the Galaxy S24, are expected to integrate A

July 10, 2024

Unionized workers at Samsung Electronics go on indefinite strike

SEOUL, July 10 (AJU PRESS) - Unionized workers at Samsung Electronics went on an indefinite strike Wednesday, extending the first-ever labor strife in the tech giant’s 55-year history as they demanded higher pay and a better bonus system. The National Samsung Electronics Labor Union (NSELU) had been staging a three-day strike since Monday after their negotiations with management fell apart. The union originally planned a second five-day walkout starting next Monday but chan

July 10, 2024

Musk hails 'smart' Korean investors as Tesla reclaims title of most-held foreign stock

SEOUL, July 10 (AJU PRESS) -Tesla CEO Elon Musk called Korean investors "smart people" in response to news that his company has become the most-held foreign stock in the country. The world's richest person made the remark on Monday in a comment on a post on X, formerly known as Twitter, which read, "$TSLA is the #1 stock held by Koreans today.” The post on Teslaconomics, a Tesla news account, featured an image combining the Korean national flag with the worl

July 10, 2024

LG Electronics extends sponsorship of NFL's Tennessee Titans

SEOUL, July 9 (AJU PRESS) - LG Electronics has renewed its sponsorship of the NFL's Tennessee Titans for three more years, strengthening its connection with the local community where it operates a key home appliance manufacturing facility, the company said Tuesday. The extension was celebrated at the Titans' training center in Nashville on Monday (local time), attended by LG executives, Titans officials, and former star players. Participants also visited LG's Tennessee f

July 9, 2024

Samsung unveils plans to enhance AI chip capability, local ecosystem

SEOUL, July 9 (AJU PRESS) - Samsung Electronics on Tuesday unveiled strategies to enhance its capabilities for manufacturing artificial intelligence chips and support the local semiconductor industry ecosystem. The world’s largest producer of memory chips held its annual Samsung Foundry Forum and Samsung Advanced Foundry Ecosystem (SAFE) Forum at COEX in Seoul. The events focused on its foundry process technology, manufacturing competitiveness and ecosystem enhancement measure

July 9, 2024

Prosecution questions Kakao founder over alleged stock manipulation

SEOUL, July 9 (AJU PRESS) - The prosecution questioned Kim Beom-su, the founder of Kakao Corp., on Tuesday as part of their investigation into his alleged stock manipulation linked to Kakao's takeover of SM Entertainment last year. Kim appeared before the Seoul Southern District Prosecutors Office in the morning to face a probe on charges of violating the Financial Investment Services and Capital Markets Act. Kim is accused of rigging the stock price of the K-pop agency in Fe

July 9, 2024

JobKorea launches job-posting service for foreigners

SEOUL, July 9 (AJU PRESS) - Online recruiting company JobKorea has launched a job-listing service for foreigners seeking job opportunities in Korea. The service, called KLiK (Kickstart Life in Korea), offers job information for foreign nationals in 28 languages, including English, Chinese, French, German and Dutch, the company said Monday. Users can quickly view job listings and company details, set criteria like location, language skills, and visa type, and efficiently browse j

July 9, 2024

Hyosung Heavy Industries wins transformer order from Norway's Statnett

SEOUL, July 8 (AJU PRESS) - Hyosung Heavy Industries secured a 330 billion won ($238.5 million) order to supply transformers to Statnett, a state-run company managing transmission systems in Norway, the Korean power equipment manufacturer said Monday. Hyosung will supply 420 kilovolt transformers to Statnett, marking the largest project the company has undertaken since venturing into the Norwegian market in 2020. The contract is aimed at expanding Norway's renewable energy po

July 8, 2024

Mixed expectations as Q2 corporate earnings season kicks off

SEOUL, July 8 (AJU PRESS) - Korea's second-quarter earnings report season is kicking off with a mixed outlook across sectors. The semiconductor industry shows signs of recovery amid the artificial intelligence boom, while battery makers appear to still be saddled with the lackluster electric vehicle market. Samsung Electronics issued its preliminary earnings guidance on Friday, significantly surpassing expectations. The tech giant estimated a remarkable 1,452.24 percent year-ove

July 8, 2024