Indian Embassy in Korea holds seminar on defense industry cooperation

SEOUL, July 5 (AJU PRESS) - The Embassy of India in Korea has hosted a seminar aimed at promoting defense industry cooperation between the two countries. The India-ROK (Republic of Korea) Defense Industry Cooperation Seminar took place in Seoul on Thursday, in collaboration with the Korea Defense Industry Association (KDIA), the Defense Acquisition Program Administration (DAPA), and the Agency for Defense Development (ADD) from Korea, alongside the Department of Defence Production (

July 5, 2024

Expo in Seoul showcases Korea's tourist attractions

SEOUL, July 5 (AJU PRESS) - A tourism expo kicked off its three-day run at COEX in Gangnam, southern Seoul on Thursday. Participated by the Ministry of Culture, Sports and Tourism and the Korea Tourism Organization (KTO), the expo aims to attract tourists from both home and overseas, by showcasing major tourist destinations in Korea and promoting various tour services. With participation from over 120 government agencies, tour operators, and other related companies, the

July 5, 2024

Samsung expects over 15-fold increase in second-quarter operating profit amid AI boom

SEOUL, July 5 (AJU PRESS) - Samsung Electronics expects its operating profit to have jumped more than 15-fold in the second quarter, driven by surging demand for memory chips amid the artificial intelligence boom. In its preliminary earnings guidance issued on Friday, the Korean tech giant estimated its operating profit increased by 1452.24 percent year-on-year to 10.4 trillion won during the April-June period, while revenue swelled by 23.31 percent to 74 trillion won, both far exce

July 5, 2024

PHOTOS: Seoul International Wine & Spirits Expo Kicks Off at COEX

SEOUL, July 05 (AJU PRESS) - The 2024 Seoul International Wine & Spirits Expo is underway at COEX in Seoul, offering a unique opportunity to taste a wide variety of alcoholic beverages. Launched in 1992, the longest-running liquor industry exhibition in South Korea runs from Thursday to Saturday.

July 5, 2024

SK geo centric produces sustainable synthetic fiber

SEOUL, July 5 (AJU PRESS) - SK geo centric Co. has produced polyester from renewable sources in collaboration with six global petrochemical and textile companies, including Finland's Neste and Thailand's Indorama Ventures, the company said Friday. SK geo centric produced renewable para-xylene (PX), a key component in polyester production, using renewable naphtha supplied by Neste. This marks the company's first venture into creating renewable para-xylene, with enough mat

July 5, 2024

PHOTOS: Stars shine on red carpet at Bucheon International Fantastic Film Festival

SEOUL, July 5 (AJU PRESS) - Stars and filmmakers gathered for the red carpet event of the annual Bucheon International Fantastic Film Festival (BIFAN) on Thursday. The annual festival, now in its 28th year, runs for 11 days until July 14, screening about 255 short and feature films from 49 countries this year. A three-day forum on the sidelines of the festival is also scheduled from Friday to discuss the impact of artificial intelligence on film-making.

July 5, 2024

Samsung SDI close to $1 billion battery deal with NextEra Energy

SEOUL, July 05 (AJU PRESS) - Samsung SDI is reportedly close to securing a 1 trillion won ($725.32 million) contract to provide energy storage system (ESS) batteries to NextEra Energy, America's largest power company. The deal, said to involve 6.3 GWh of batteries, represents 11.5 percent of North America's total ESS capacity last year. The main product for this supply is the Samsung Battery Box (SBB), recently unveiled at InterBattery Europe 2024 in Germany. The SBB is

July 5, 2024

PHOTOS: 12,000 cattle farmers rally in Seoul

SEOUL, July 5 (AJU PRESS) - Approximately 12,000 cattle farmers gathered for a rally in Seoul's commercial district of Yeouido, near the National Assembly, on Wednesday. They voiced their struggles with rising production costs and falling cattle prices, urging the government to improve their conditions. The Hanwoo Association, which organized the massive rally, claimed that many cattle farmers have faced severe difficulties in their livelihoods, suffering losses of over 2.3 million won pe

July 5, 2024

Opinion: New Zealand is moving closer to digital IDs – it's time to rethink how we protect our valuable data

SEOUL, July 05 (AJU PRESS) - New Zealand shifted closer towards digital credentials for access to online services this week with the launch of the Trust Framework Authority. It will determine which organizations are verified to provide digital identity services. The digital ID scheme aims to ease transactions such as opening a bank account or accessing government services by moving identity verification away from physical documents. This has the potential to transform New Zealand

July 5, 2024

Bucheon's annual film fest kicks off with focus on AI

SEOUL, July 4 (AJU PRESS) - The annual Bucheon International Fantastic Film Festival (BIFAN) kicked off its 11-day run with a star-studded red carpet event at a venue, west of Seoul on Thursday. The Asia's largest genre film festival, featuring primarily horror, thriller and sci-fi movies, will showcase about 255 short and feature films from 49 countries this year. With a focus on the rising trend of artificial intelligence, the festival, in its 28th year, exp

July 4, 2024