LG Electronics, ChargePoint partner for EV charging business in U.S.

SEOUL, June 19 (AJU PRESS) - LG Electronics is joining forces with ChargePoint, the leading U.S. electric vehicle (EV) charging network operator, as the Korean company pushes to expand its presence in the world’s largest EV charging market. The two companies recently signed a partnership agreement to develop commercial charging solutions that will encompass LG’s hardware and ChargePoint’s charger management software, they announced Wednesday. First deliveries are e

June 19, 2024

Samsung Electronics sweeps 11 awards at InfoComm

SEOUL, June 19 (AJU PRESS) - Samsung Electronics picked up a record of 11 awards across multiple categories at InfoComm 2024, North America's largest display exhibition held in Las Vegas from June 12-14. The company's newly unveiled B2B integrated connection platform SmartThings Pro garnered five honors, lauded for its innovative enterprise solutions tailored to diverse business needs. It clinched Best Digital Signage Software and Best Large Scale Control Systems from Commer

June 19, 2024

Samsung smartphones to enhance Paris Olympic opening ceremony broadcast

SEOUL, June 18 (AJU PRESS) - Samsung Electronics will provide the Galaxy S24 Ultra to deliver an immersive viewing experience for the opening ceremony and sailing events of the 2024 Paris Olympics, the company said Tuesday. In collaboration with the International Olympic Committee (IOC) and Olympic Broadcasting Services (OBS), over 200 Galaxy S24 Ultra devices will be utilized for live broadcasting the July 26 opening ceremony parade along the River Seine and sailing competitions

June 18, 2024

Lotte hosts Korea Brand Expo in Mexico, generating 300 billion won in export deals

SEOUL, June 18 (AJU PRESS) - Lotte Corp., in collaboration with the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Federation of SMEs, organized the 2024 Korea Brand Expo in Mexico from Thursday to Sunday. The event, aimed at facilitating overseas market entry for Korean small and medium-sized enterprises (SMEs), resulted in export consultation deals worth approximately 300 billion won ($217 million). This marked the first time the Korea Brand Expo was held in Latin A

June 18, 2024

Korea surges to highest ever 20th in global competitiveness ranking

SEOUL, June 18 (AJU PRESS) - South Korea climbed eight notches to achieve its highest-ever global competitiveness ranking of 20th out of 67 economies, according to the 2024 results released by the Swiss-based IMD World Competitiveness Center on Tuesday. The stellar performance was driven by a 10-spot surge in enterprise efficiency to 23rd, offsetting declines in economic performance and government efficiency rankings. Productivity, the labor market, finance, manag

June 18, 2024

POSCO seeks to strengthen lithium business in Chile, Argentina

SEOUL, June 18 (AJU PRESS) - POSCO has engaged in talks with high-ranking officials in Argentina and Chile to secure additional lithium resources and enhance its lithium business for electric vehicle batteries. POSCO Holdings President Jeong Ki-seop met with Argentine Economy Minister Luis Caputo in Buenos Aires on June 12. He requested the Argentine government's support to include POSCO Group's lithium business in the state incentive regime for large investments called RIG

June 18, 2024

News outlets embrace freemium models to enhance readers' engagement and revenue

The World Association of News Publishers (WAN-IFRA) issued its annual report "Innovation in News Media World Report 2024-25" in late May, highlighting major challenges faced by the global news industry. The following is the third in a four-part series summarizing key insights from the report. This third installment focuses on freemium models. – Ed. SEOUL, June 18 (AJU PRESS) - The news industry is transitioning from metered paywalls to freemium models, which offer a

June 18, 2024

SK chief to appeal record divorce settlement, claiming 'critical error' in ruling

SEOUL, June 17 (AJU PRESS) - SK Group chairman Chey Tae-won said Monday he will appeal a recent court ruling in his divorce lawsuit, claiming a "critical error" in the court’s decision on property division between him and his estranged wife. On May 28, the Seoul High Court ordered Chey to pay 1.38 trillion won ($1 billion) in property division and 2 billion won in alimony to his wife, Roh Soh-yeong, in the nation’s largest-ever divorce settlement. "An o

June 17, 2024

BTS agency, CJ CheilJedang collaborate in K-food project marking Jin's military discharge

SEOUL, June 17 (AJU PRESS) - CJ CheilJedang has collaborated with HYBE to release special limited-edition Korean street food products featuring Wootteo, an astronaut character created by BTS member Jin, the Korean food giant said Monday. The limited-edition products include offerings from Bibigo, the food maker's premium ready-to-cook product brand, such as Tteokbokki (rice cakes smothered in sweet chili sauce) and Korean dumplings. This collaboration, designed to commemorate

June 17, 2024

Rainbow Robotics signs distribution deal in Viet Nam

SEOUL, June 17 (AJU PRESS) - SEOUL, June 17 (AJU PRESS) - Robot platform company Rainbow Robotics said on Monday it has signed an exclusive three-year deal with KOVIFA VINA for the distribution of its collaborative robot series RB in Viet Nam. Under the agreement signed on Friday in Bac Ninh, Viet Nam, KOVIFA VINA, an automation equipment maker headquartered in the country, will be the sole distributor of Rainbow's RB collaborative robot line in the Vietnamese market. The

June 17, 2024