Samsung Electro-Mechanics, LG Innotek target AI semiconductor substrate market

SEOUL, June 26 (AJU PRESS) - Samsung Electro-Mechanics and LG Innotek are ramping up their AI-based semiconductor substrates business amid the ongoing artificial intelligence boom. Semiconductor substrates are essential for mounting components on the mainboards of IT devices, facilitating smooth electrical connections, efficient power delivery, and effective heat dissipation for optimal performance and reliable data transfer. Samsung Electro-Mechanics said Wednesday that its Viet

June 26, 2024

Korean Air ranks 11th in global airline survey

SEOUL, June 26 (AJU PRESS) - Korean Air Lines secured the 11th position in the World's Top 100 Airlines ranking announced by Skytrax, a British airline consultancy and rating agency, on Monday (local time). Qatar Airways claimed the top spot in the annual survey, which combines both full-service and low-cost carriers. Korean Air ranked 22nd in 2021, 9th in 2022 and 10th in 2023. Asiana Airlines, another major Korean carrier, was placed 37th. Its ranking was 25th in 2021, 3

June 26, 2024

LTechUVC secures green ammonia supply deal in Thailand

SEOUL, June 26 (AJU PRESS) - Korea's LTechUVC has signed a supply deal with Thai energy company MA Corporation Oil Co. to supply 200,000 tons of green ammonia annually for 15 years. The green ammonia producer said the two entities held a signing ceremony in Bangkok on Tuesday (local time). A total of 3 million tons of green ammonia, valued at $2.25 billion, will be supplied to MA Corporation Oil over 15 years. MA Corporation Oil specializes in energy trading, supplying oil an

June 26, 2024

Samsung's Bespoke refrigerator sells 300 million units since 2019 launch

SEOUL, June 26 (AJU PRESS) - Samsung Electronics' Bespoke refrigerator has sold 300 million units in South Korea since its 2019 launch, the company said Wednesday. The Bespoke line revolutionized the appliance market by offering customizable product types, materials, and colors. In 2021, it expanded to 360 prismatic color options and introduced a lifetime warranty on its digital inverter compressor. 2022 saw the launch of the Bespoke Infinite Line, focusing on durability and

June 26, 2024

SK On inks lithium supply deal with ExxonMobil

SEOUL, June 26 (AJU PRESS) - Korean battery maker SK On has signed a memorandum of understanding with ExxonMobil to secure up to 100,000 tons of lithium from the U.S. oil giant's Arkansas brine field, the company said on Wednesday. The agreement, inked at in Fastmarkets LRBM Conference 2024, the world's largest lithium and battery raw materials conference in Las Vegas on June 24, aims to bolster SK On's supply chain of U.S.-sourced lithium, a critical component in electr

June 26, 2024

Government, KRX to facilitate new carbon credit trading system

SEOUL, June 25 (AJU PRESS) – The Ministry of Environment said Tuesday it will sign an agreement with the Korea Exchange (KRX) and other institutions for cooperation in launching a new carbon credit trading system next year. The government plans to allow brokerages to trade carbon emissions permits starting in the first half of next year, in a move to make it more accessible and convenient for businesses. The ministry will sign a memorandum of understanding with KRX, the Gre

June 25, 2024

Samsung to add four languages to Galaxy AI real-time interpretation capabilities

SEOUL, June 25 (AJU PRESS) - Samsung Electronics announced plans to add four new languages -- Swedish, Dutch, Romanian, and Turkish -- to its Galaxy AI real-time interpretation service by year-end. The on-device function currently supports 16 languages, including Korean, Chinese, English, French and Japanese. Samsung emphasizes that Galaxy AI language models undergo both quantitative evaluations of linguistic features and grammar, as well as qualitative assessments of cultural kn

June 25, 2024

Over six in 10 Koreans prefer eco-friendly vehicles for future purchases

Electric vehicles charging in a parking lot. Yonhap SEOUL, June 25 (AJU PRESS) – More than six out of 10 adults in South Korea intend to buy environmentally friendly cars, including hybrid or electric vehicles (EVs), when replacing their current car, a survey showed Tuesday. The survey, conducted by OpenSurvey with 1,500 adults, found that 39.7 percent of respondents prioritize hybrid vehicles for their next purchase, while 24.1 percent favor EVs. Traditional gasoline vehicles w

June 25, 2024

SK C&C partners with Japan's Carbon X to boost carbon credit trading

SEOUL, June 25 (AJU PRESS) - Korean IT services provider SK C&C has signed a memorandum of understanding (MOU) with CarbonEX, Japan's leading carbon credit trading platform, to enhance cooperation in carbon neutrality efforts and stimulate carbon credit trading, the company said on Tuesday. The partnership aims to explore ways to interconnect their respective voluntary carbon credit platforms, potentially allowing Korean and Japanese companies to freely purchase and trade ov

June 25, 2024

LG, Samsung dominate US consumer TV rankings

SEOUL, June 24 (AJU PRESS) - Korean electronics giants LG Electronics and Samsung Electronics have secured top positions in Consumer Reports' annual best TV rankings, with their organic light-emitting diode (OLED) models receiving particular praise. The influential U.S. consumer magazine selected eight models as this year's best TVs, with four from LG and two from Samsung, according to market insiders on Monday. LG's OLED evo (model G4) and Samsung's 65-inch OLED

June 24, 2024