Passenger numbers for Korean airlines jump 29% to record high in first half

SEOUL, July 8 (AJU PRESS) - Korean airlines carried a record 47.56 million passengers in the first half of 2024, marking a 29.1 percent growth year-on-year, driven by low-cost carriers (LCCs), government data showed Monday. The passenger number surpassed the previous record of 47.04 million set in the first half of 2019, before the COVID-19 pandemic, according to the data released by the Ministry of Land, Infrastructure and Transport. Domestic flights saw 18.15 million passenge

July 8, 2024

Samsung Electronics workers begin three-day strike

SEOUL, July 8 (AJU PRESS) - The largest labor union at Samsung Electronics began a three-day strike on Monday, demanding higher pay and improved bonus systems. The walkout is led by the National Samsung Electronics Labor Union (NSELU), which represents about 24 percent of Samsung's 125,000 employees. About 5,000 members are expected to join the walkout, the group said, citing a survey of over 8,000 members. The union launched the strike with a rally at 11 a.m. in

July 8, 2024

Samsung expects over 15-fold increase in second-quarter operating profit amid AI boom

SEOUL, July 5 (AJU PRESS) - Samsung Electronics expects its operating profit to have jumped more than 15-fold in the second quarter, driven by surging demand for memory chips amid the artificial intelligence boom. In its preliminary earnings guidance issued on Friday, the Korean tech giant estimated its operating profit increased by 1452.24 percent year-on-year to 10.4 trillion won during the April-June period, while revenue swelled by 23.31 percent to 74 trillion won, both far exce

July 5, 2024

SK geo centric produces sustainable synthetic fiber

SEOUL, July 5 (AJU PRESS) - SK geo centric Co. has produced polyester from renewable sources in collaboration with six global petrochemical and textile companies, including Finland's Neste and Thailand's Indorama Ventures, the company said Friday. SK geo centric produced renewable para-xylene (PX), a key component in polyester production, using renewable naphtha supplied by Neste. This marks the company's first venture into creating renewable para-xylene, with enough mat

July 5, 2024

Samsung SDI close to $1 billion battery deal with NextEra Energy

SEOUL, July 05 (AJU PRESS) - Samsung SDI is reportedly close to securing a 1 trillion won ($725.32 million) contract to provide energy storage system (ESS) batteries to NextEra Energy, America's largest power company. The deal, said to involve 6.3 GWh of batteries, represents 11.5 percent of North America's total ESS capacity last year. The main product for this supply is the Samsung Battery Box (SBB), recently unveiled at InterBattery Europe 2024 in Germany. The SBB is

July 5, 2024

GS Group holds inhouse hackathon to enhance AI capabilities

SEOUL, July 04 (AJU PRESS) - GS Group, South Korea's ninth-largest conglomerate, held an in-house contest this week to encourage employees to harness generative artificial intelligence. The annual GS Group Hackathon took place at InterContinental Seoul COEX in southern Seoul on Wednesday and Thursday. Contestants examined issues discovered in their businesses, such as convenience stores, gas stations and construction sites, and developed services or business models using digi

July 4, 2024

KAERI, LG Innotek collaborate on nuclear battery technology

SEOUL, July 4 (AJU PRESS) - The Korea Atomic Energy Research Institute (KAERI) and LG Innotek have agreed to cooperate in developing thermoelectric technology for nuclear batteries used in space and defense sectors. The partnership, signed on Wednesday, aims to strengthen development capabilities for localizing thermoelectric elements, a core component of nuclear batteries. These batteries, which generate power using the decay heat of radioisotopes, can provide stable energy even

July 4, 2024

Samsung to run Galaxy experience zones in seven major global cities

SEOUL, July 04 (AJU PRESS) - Samsung Electronics plans to open promotional zones for its upcoming Galaxy products in seven major cities, including New York, Paris and Tokyo, next week, the company said Thursday. The Seoul-based tech giant is scheduled to unveil new smartphones, watches and other devices at Galaxy Unpacked 2024 in Paris next Wednesday. Following the event, Samsung will operate Galaxy Experience Spaces, also in Seoul, Berlin, Dubai and Jakarta, to showcase new Gala

July 4, 2024

CJ CheilJedang promotes Korean cuisine at Chinese culinary competition

SEOUL, July 4 (AJU PRESS) - CJ CheilJedang sponsored an international Korean food contest in Qingdao, China, last week as part of efforts to promote Korean cuisine globally, the company said Thursday. The company's Cuisine. K project, aimed at nurturing Korean chefs, sponsored a CJ Challenge Live Competition segment at the 2024 K-Food China Qingdao International Culinary Championship held on Friday and Saturday. Chefs from the two countries showcased various dishes using popu

July 4, 2024

Malaysian university adopts Visang's AI-based Korean learning platform

SEOUL, July 04 (AJU PRESS) - Visang Education, a Korean educational company, said Thursday its artificial intelligence-based Korean-language learning platform has been adopted by the Korean language education center of the Asia Pacific University of Technology & Innovation (APU) in Malaysia. The platform, Master K, includes various smart learning tools, such as virtual classrooms and AI pronunciation tests, to support remote teaching. The private university in Kuala Lumpur is

July 4, 2024