Business
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47 Korean biotech firms to participate in major U.S. industry fair
SEOUL, May 28 (AJU PRESS) - A total of 47 Korean drug and biotechnology companies will showcase their latest technologies and products at a major industry exhibition in the United States next week. The Bio International Convention, the world's largest biopharmaceutical exhibition, is set to kick off in San Diego on Monday for a four-day run. More than 1,500 global companies are expected to participate in the annual event organized by the Biotechnology Innovation Organizati
May 28, 2024 -
North Face releases limited-edition Hangeul T-shirts
SEOUL, May 27 (AJU PRESS) - To raise awareness of the importance of preserving the Korean language, the North Face launched a special limited-edition T-shirt collection featuring old Korean letters. The North Face Hangeul collection draws inspiration from design concepts by Pulitzer Prize-winning photojournalist Hyungwon Kang. Earlier this month, Kang spoke at a forum, emphasizing the need to revitalize obsolete Hangeul letters. He highlighted the historical and phonetic significanc
May 27, 2024 -
Convenience store chain GS25 opens 300th branch in Viet Nam
SEOUL, May 27 (AJU PRESS) - GS25, a leading convenience store chain in Korea, has opened its 300th store in Viet Nam, six years after entering the Southeast Asian country in 2018. GS Retail, the operator of GS25, announced on Sunday that the 393-square-meter mega store, located near a university in Ho Chi Minh City, began operations Thursday. The store sells a variety of Korean food, including ramyeon (instant noodles) and kkwabaegi (twisted doughnuts), as well as Vietnamese snacks.
May 27, 2024 -
Samsung to launch AI-powered connected family care system
SEOUL, May 24 (AJU PRESS) - “Mom hasn’t been very active today,” read the notification from Samsung’s SmartThings app. For office worker Kim, this was a concerning deviation from the norm. His mother, who lives separately, hadn’t shown any activity for over four hours that morning. The app revealed she used the water purifier at 5:30 am, but her step count was alarmingly low compared to usual. Kim quickly initiated a video call through the app and selec
May 24, 2024 -
Kakao fined record 15.1 billion won for user information leak
SEOUL, May 23 (AJU PRESS) – Korea's personal data watchdog on Thursday imposed a record 15.1 billion won ($11.1 million) fine on Kakao Corp., which runs the nation's largest mobile messaging app, after a major data breach exposed more than 65,000 user records. The Personal Information Protection Commission made the decision the previous day after finding Kakao failed to properly encrypt user IDs for its open chat rooms, allowing hackers to access linked account num
May 23, 2024 -
Dangerous levels of heavy metals found in children's products from Chinese e-commerce platforms
SEOUL, May 23 (AJU PRESS) - Alarming levels of hazardous heavy metals have been detected in children's products sold on popular Chinese online platforms AliExpress and Shein. The Seoul Metropolitan Government announced Thursday that a recent safety inspection of seven children's items from Chinese e-commerce sites found high levels of lead, chromium and nickel in two products. A children's watch sold on Shein was found to have lead levels 278 times higher than the
May 23, 2024 -
Hyundai Rotem signs deal to supply wheeled armored vehicles to Peruvian Army
SEOUL, May 22 (AJU PRESS) - South Korea's Hyundai Rotem has signed a contract with the Peruvian Army to provide wheeled armored vehicles, the South Korean Embassy in Peru said Wednesday. Hyundai Rotem has secured a $60 million contract to supply 30 K808 IFVs, called Baekho (white tiger), through the Seoul-based STX trading company by 2025. The deal could be expanded to cover 90 more units. The deal was completed about three weeks after the company, affiliated with Hyundai Mot
May 22, 2024 -
Korea's ramyeon exports hit record high in April
SEOUL, May 20 (AJU PRESS) - Exports of Korean instant noodles, ramyeon, surpassed $100 million for the first time in April, led by a spicy chicken flavor variant, according to government data. Data from the Korea Customs Service showed that Korean companies sold $108.6 million worth of ramyeon last month, a 46.8 percent increase from the same period a year ago. The volume broke the previous monthly record of $92.9 million set in February. Ramyeon exports have increased annually s
May 20, 2024 -
Imported electric vehicle registrations surge 150% this year
SEOUL, May 17 (AJU PRESS) – The number of imported electric vehicles (EVs) newly registered in Korea from January to April surged more than 150 percent year-on-year, data showed Friday. The ratio of EVs in newly registered imported cars also nearly tripled from a year before, according to the Korea Automobile Importers & Distributors Association (KAIDA). In the first four months of the year, the number of imported EV registrations was 13,863 units, a 155.9 percent
May 17, 2024 -
Seafood meal kits gain limelight at industry fair as Korean food makers target ready-to-eat market
SEOUL, May 17 (AJU PRESS) - From packaged tuna to frozen shrimp, seafood meal kits took the limelight at the Seoul Seafood Show, Korea's major fisheries industry fair, this week, as Korean food makers ramp up their charge into the rapidly growing ready-to-eat packaged food market. A total of 179 companies from 16 countries showcased seafood and food ingredients at the 19th annual event hosted by the Korea Fisheries Association at COEX in Seoul under the theme "Blue Food-Te
May 17, 2024
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PHOTOS: Railway workers threaten strike
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SK bioscience's influenza vaccine approved in Indonesia
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LG Electronics unveils software kit for AI home robot at global conference
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Kim Jong-un inspects missile base, citing growing US nuclear threat
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Nvidia CEO Jensen Huang to offer insights at AI forum in Mumbai
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CJ Olive Young expands rapidly growing live-streaming commerce
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OPINION: Canada's tariff strategy on Chinese EVs- A misstep in trade and climate policy
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Korea to raise industrial power rates by 9.7%
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OPINION: North Korea and Russia - Alliance of the weak
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Ex-president Lee Myung-bak's elder brother dies at 89