LG Electronics opens AI appliances showroom in Spain

SEOUL, June 17 (AJU PRESS) - LG Electronics has unveiled Another Hanok, a premium experience space in Madrid, Spain, featuring the company's differentiated artificial intelligence-powered appliances and heating, ventilation and air conditioning (HVAC) solutions. Another Hanok replicates a traditional Korean architectural style building powered by LG's energy-efficient products, achieving 100 percent energy self-sufficiency through a smart system. The space will serve as a

June 17, 2024

Samsung, LG target data center cooling system market as AI drives demand

SEOUL, June 14 (AJU PRESS) - Samsung Electronics and LG Electronics are intensifying their efforts to gain a competitive edge in the global market for cooling devices used in data centers amid the ongoing artificial intelligence boom. Demand for heating, ventilation and air conditioning (HVAC) systems is surging as they play a crucial role in preventing facility overloads and reducing energy consumption at data centers, which consume substantial power and generate significant heat

June 14, 2024

Toxic substances found in products sold on AliExpress, Temu

SEOUL, June 14 (AJU PRESS) - An investigation by the Korea Consumer Agency has revealed alarming levels of heavy metals, phthalates and other hazardous substances in various products sold on the popular overseas direct-buying platforms AliExpress, Temu and Qoo10. The semi-government watchdog said Friday that of 88 products examined, including cosmetics, children's toys and motorcycle helmets, 27 items, or 30.7 percent, failed domestic safety standards. Excessive lead 65 times

June 14, 2024

Coupang threatens to halt rocket delivery, curb investments after record antitrust fine

SEOUL, June 14 (AJU PRESS) - South Korea's e-commerce giant Coupang has signaled that it may halt its fast delivery service and investment plans after the government imposed a record fine on the company for providing unfair business advantages to its private-label products. The Fair Trade Commission (FTC) on Thursday slapped Coupang with a 140 billion won ($108 million) fine for manipulating search algorithms and posting false product reviews. Alongside imposing the heaviest pen

June 14, 2024

Hyundai Motor's hydrogen vehicle exports fall to zero in May

SEOUL, June 14 (AJU PRESS) - Hyundai Motor Co.'s exports of hydrogen-fueled electric vehicles dipped to zero last month, signaling the Korean carmaker’s declining presence in the market, data showed Friday. According to the Korea Automobile & Mobility Association (KAMA), Hyundai sold no hydrogen passenger or commercial vehicles overseas in May, marking the second time this has happened since October 2023. Hyundai is the sole manufacturer of hydrogen fuel-cell cars i

June 14, 2024

Media outlets pursue innovative business models amid industry transformation

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 second in a four-part series summarizing key insights from the report. This second installment focuses on business models. – Ed. SEOUL, June 14 (AJU PRESS) - In the ever-evolving media landscape, traditional publishing business models are facin

June 14, 2024

GS Caltex partners with Summit Cosmetics for global marketing of eco-friendly cosmetic ingredient

SEOUL, June 13 (AJU PRESS) - GS Caltex has signed a memorandum of understanding with Japan's Summit Cosmetics for the global marketing of its eco-friendly cosmetic ingredient, GreenDiol. GS Caltex is the first company in the world to develop mass production technology for GreenDiol, the brand name for 2,3-Butanediol, which offers excellent moisturizing, anti-inflammatory, and solvent properties. Under the agreement signed Wednesday, GS Caltex will supply GreenDiol to Summit C

June 13, 2024

Samsung unveils plans to strengthen AI chip production capability

SEOUL, June 13 (AJU PRESS) - Samsung Electronics has unveiled plans to enhance its capability in manufacturing artificial intelligence chips by adopting advanced foundry technology by 2027. Samsung, the world’s largest memory chip maker, is striving to catch up with rivals Taiwan Semiconductor Manufacturing Co. (TSMC) and SK hynix in the fast-growing AI chip market. At the annual Samsung Foundry Forum in San Jose, California, on Wednesday (local time), the company announced

June 13, 2024

Ethical consumption takes a hit as inflation squeezes wallets

SEOUL, June 12 (AJU PRESS) - The past decade saw the rise of ethical consumption, with shoppers choosing products that align with their values, be it fair trade coffee, organic produce or environmentally friendly cosmetics. But recent price hikes and economic slowdown have rendered conscious purchasing habits increasingly hard to maintain. "Prices are so high these days, it makes me hesitant to buy shampoos from my regular zero-waste shop," said Kate McDowell, 30, a regula

June 12, 2024

LG unveils next-generation microLED display at InfoComm

SEOUL, June 12 (AJU PRESS) - LG Electronics is set to unveil a suite of cutting-edge B2B display solutions powered by artificial intelligence (AI) technology at InfoComm 2024, North America’s largest commercial display exhibition, held in Las Vegas. Headlining LG's booth at the exhibition, which opens Wednesday (local time) for a three-day run, is the company's next-generation microLED display making its global debut. AI plays a pivotal role in the product from the p

June 12, 2024