Smilegate's indie platform ventures into game publishing

SEOUL, July 29 (AJU PRESS) - Stove Indie, the indie game platform of Korean game developer Smilegate, announced its entry into the game publishing business on Monday. The platform unveiled two titles that will spearhead its publishing efforts: “Love Too Easily 2” by Monster Guide Co. and “IfSunSets” by Polymorph Studios. This move allows Stove Indie to directly support the distribution and marketing of promising indie games, while Smilegate gains a diverse

July 29, 2024

PHOTOS: Seoul conducts post-earthquake emergency management drill at iconic arts center

SEOUL, July 29 (AJU PRESS) - On Monday, the Seoul Metropolitan Government, along with the Seoul Police Agency and Jongno Fire Station, conducted a rare drill to simulate a 5.2-magnitude earthquake hitting central Seoul and causing the collapse of the Sejong Center for the Performing Arts, an iconic arts venue. Until recently, Korea was considered relatively safe from earthquakes. However, researchers have raised concerns about the potential of devastating earthqua

July 29, 2024

Teen Korean footballer to join Tottenham Hotspur next year

SEOUL, July 29 (AJU PRESS) - Teen footballer Yang Min-hyeok has signed a transfer deal with Tottenham Hotspur, becoming the youngest Korean to join a Premier League club, his current team Gangwon FC said Sunday. "We are delighted to announce that we have reached agreement for to join the club," the English premier club also said on their X account. Details of the six-year deal which runs until 2030 have not been revealed yet, but the transfer fee is reportedly t

July 29, 2024

NICE upgrades Taihan Cable's credit rating to 'A' with stable outlook

SEOUL, July 29 (AJU PRESS) - NICE Investors Service, a Korean credit rating agency, upgraded the rating for Taihan Cable & Solution from "A-" to "A" with a stable outlook, the power cable maker announced on Friday. NICE revised the rating from "A-" in 2022, citing Taihan Cable's business stability from a diverse product range, consistent revenue growth, stable operating profitability and significantly improved financial stability. The rating

July 29, 2024

UNESCO listing of Japan's wartime forced-labor site sparks protest in Korea

SEOUL, July 29 (AJU PRESS) - Controversy has resurfaced in Korea after the UNESCO World Heritage committee decided last Saturday to list Japan's Sado gold mine, where Korean workers were forced to labor under brutal conditions during World War II, as a cultural heritage site. The site, located on Sado Island in Japan's northeastern prefecture of Niigata, was the island country's largest gold mine. It became one of Japan's key industrial facilities for copper, iron,

July 29, 2024

E-commerce mogul faces criminal probe over payment crisis

SEOUL, July 29 (AJU PRESS) — The CEO of Singapore-based e-commerce company Qoo10 is facing a criminal investigation in Seoul in connection with a growing payment delay crisis affecting its two Korean subsidiaries, Tmon and WeMakePrice. A group of affected consumers has filed a complaint against Qoo10 CEO Ku Young-bae, as well as the CEOs and chief financial officers of the two troubled e-commerce sites, on charges of fraud, embezzlement and breach of trust. Since early July

July 29, 2024

Korea off to good start at Paris Olympics

SEOUL, July 29 (AJU PRESS) - With just three days into the Summer Olympics in Paris, Korea has already clinched four gold, two silver and one bronze, as a couple of unexpected medals in shooting added momentum to Korea's Olympic journey. Shooter Ban hyo-jin won gold in the women's 10-meter air rifle on Monday, becoming the country's 100th gold medalist in the cumulative medal tally throughout the history of the Summer Olympics. Last Saturday, the first day of this yea

July 29, 2024

LIG Nex1 acquires majority stake in U.S. robotics firm Ghost Robotics

SEOUL, July 29 (AJU PRESS) - Korean defense company LIG Nex1 has completed the acquisition of a 60 percent stake in Ghost Robotics, a U.S.-based quadruped robot specialist, for about 332 billion won ($240 million). The deal, finalized on Friday after receiving approval from the Committee on Foreign Investment in the United States (CFIUS), marks LIG Nex1's strategic entry into the global robotics market. Ghost Robotics, founded in 2015 and headquartered in Philadelphia, is known

July 29, 2024

Nature Republic to launch at 200 Costco stores in US

SEOUL, July 29 (AJU PRESS) – Nature Republic, a South Korean cosmetics company, is set to expand to 200 Costco locations in the United States as part of its efforts to ramp up its presence in overseas markets. The company is introducing three key products to Costco: the Ginseng Gold Silk Watery Cream, Black Bean Anti-Hair Loss Symptom Improvement Shampoo and Argan Essential Deep Care Shampoo. The premium anti-aging Ginseng Gold Silk line, which contains 99.9 percent pure go

July 29, 2024

Samsung broadcasts Olympic opening ceremony with Galaxy smartphones

SEOUL, July 29 (AJU PRESS) – Samsung Electronics broadcast the opening ceremony of the 2024 Paris Olympics on Friday using its Galaxy S24 Ultra smartphones. In a historic first, the ceremony took place outdoors, with the athletes' parade held on boats along the Seine River. The Korean tech giant equipped over 200 Galaxy S24 Ultra devices on 85 parade boats to capture and broadcast the event live. The company collaborated with the International Olympic Committee (IOC) an

July 29, 2024