Business
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LG Chairman Koo calls for bold goals at executive workshop
SEOUL, September 26 (AJP) - LG Group’s top executives held a workshop on Wednesday to discuss mid- to long-term management strategies, focusing on customer experience innovation and artificial intelligence transformation. During the President's Workshop at LG Inhwawon in Icheon, Gyeonggi Province, Chairman Koo Kwang-mo emphasized the importance of setting ambitious targets to cope with ever-fierce global competition. "Let’s make history by setting our sights
September 26, 2024 -
Samsung unveils high-performance solid state drive
SEOUL, September 26 (AJP) - Samsung Electronics has launched the 990 EVO Plus, a high-performance consumer solid state drive (SSD) based on PCIe (peripheral component interconnect express) 4.0 technology. This new product features 8th generation V-NAND (Vertical NAND) and a 5nm controller, delivering industry-leading performance and power efficiency. The 990 EVO Plus boasts sequential read and write speeds of up to 7,250MB/s and 6,300MB/s respectively, marking a 45 percent and 50 pe
September 26, 2024 -
SK hynix begins mass production of 12-layer HBM3E chips
SEOUL, September 26 (AJP) - SK hynix announced Thursday that it has started mass production of the world's first 12-layer HBM (High Bandwidth Memory) 3E chips. The 36GB chip, designed for artificial intelligence chipsets, features DRAMs that are 40 percent thinner than previous versions, increasing capacity by 50 percent while maintaining the same overall thickness, according to the world's second-largest memory chip maker. Operating at 9.6 gigabits per second, a single g
September 26, 2024 -
Korea, Serbia launch free trade negotiations
SEOUL, September 26 (AJP) - South Korea and Serbia began free trade agreement negotiations Thursday, marking Seoul's first such pact with a Balkan country. Korean Trade Minister Cheong In-kyo and Serbian Minister of Domestic and Foreign Trade Tomislav Momirović launched talks for an Economic Partnership Agreement in Seoul. An EPA, a form of FTA, includes broader economic cooperation beyond tariff reductions. Serbia, in southeastern Europe, has significant reserves of crit
September 26, 2024 -
Korea Zinc seeks to block takeover bid with core technology designation
SEOUL, September 25 (AJP) - Korea's largest zinc smelter, Korea Zinc, has applied to have its technology for manufacturing electric vehicle battery precursors designated as a national core technology in a bid to fend off a hostile takeover attempt by former partner Young Poong and private equity firm MBK Partners. "We submitted an application for national core technology designation yesterday," a Korea Zinc official said on Wednesday. "The technology in question
September 25, 2024 -
Samsung, Hyundai partner to integrate IoT platform with vehicle infotainment
SEOUL, September 25 (AJP) - Samsung Electronics has partnered with Hyundai Motor Group to integrate its Internet of Things (IoT) platform into the automaker's in-vehicle infotainment systems. The two Korean conglomerates signed a memorandum of understanding Wednesday, to integrate Samsung’s SmartThings into the software-defined vehicles (SDV) systems being developed by three Hyundai affiliates – Hyundai Motor Co., Kia Corp. and 42dot. This integration
September 25, 2024 -
Samsung Galaxy Watches receive high ratings in Consumer Reports evaluation
SEOUL, September 25 (AJP) - Samsung Electronics said Wednesday its Galaxy Watch Ultra and Galaxy Watch7 LTE have jointly reached the top position in the latest Consumer Reports evaluation. Both devices scored 92 points, while the Apple Watch Ultra 2 received 91 points. Consumer Reports gave the Galaxy Watch Ultra an "Excellent" rating in all 11 categories of its assessment. The U.S. consumer watchdog noted the Galaxy Watch Ultra's usability, step counting accuracy, and
September 25, 2024 -
Korean electric vehicle market shifts towards compact models amid global sales slowdown
SEOUL, September 25 (AJP) - Korea's electric vehicle (EV) market is showing a clear preference for compact models, while sales of larger EVs continue to struggle, industry data revealed on Wednesday. The Korea Automobile & Mobility Association (KAMA) reported that domestic sales of compact EVs surged by 130.4 percent year-on-year to 19,103 cars in the first eight months of 2024. Conversely, sales of large EVs in the Korean market plunged 70.3 percent to 2,477 units. T
September 25, 2024 -
Korea Zinc rejects hostile takeover bid
SEOUL, September 24 (AJP) - Korea Zinc, a leading global non-ferrous metal refiner, on Tuesday rejected a hostile takeover bid by Young Poong and its partner, private equity firm MBK Partners. In a press conference, Vice Chairman Lee Je-joong labeled the bid as “predatory behavior” and warned that a takeover could lead to the leakage of core technologies abroad, jeopardizing South Korea’s industrial competitiveness. Lee said Korea Zinc’s employees are co
September 24, 2024 -
Lawmaker claims Google's possible tax evasion in Korea
SEOUL, September 24 (AJP) - A recent analysis by Rep. Choi Soo-jin of the People Power Party has raised concerns about Google Korea's potential tax evasion. The lawmaker's study, conducted in collaboration with Professor Jeon Seong-min of Gachon University, suggests the tech giant significantly underreported its revenue and tax obligations in South Korea. According to the analysis, Google Korea's declared revenue for 2023 was a mere 365.3 billion won ($270 million),
September 24, 2024
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PHOTOS: KES 2024 opens at COEX, highlighting AI innovations
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BLACKPINK's Jennie makes Billboard Hot 100 debut with latest single
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British Embassy's roundtable meeting raises awareness of climate change
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Workers over 60 become largest employed age group in Korea for first time
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South Korea mulls sending inspectors to Ukraine to monitor North Korean troops in Russia
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U.S. stealth fighter completes maiden landing on Japanese vessel
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5.8 magnitude earthquake strikes Indonesia's Molucca Sea region
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North Korea dismisses allegations of troop deployment to Russia as 'groundless'
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Pulmuone showcases flagship plant-based food products at Paris show
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Viet Nam appoints military general Luong Cuong as new president