CMG exports skincare products to Viet Nam

SEOUL, July 23 (AJU PRESS) - Korea's CMG Pharmaceutical announced Tuesday that its cosmetic products will be exported to An Thinh Phat, a Vietnamese distributor of healthcare products. CMG Pharmaceutical held a launch event for its "Dr. Bargo" brand in Hanoi on Sunday along with An Thinh Phat and Seoul-based distribution company Home & Mall Shopping. Dr. Bargo is a skincare brand jointly developed by CMG Pharmaceutical and Home & Mall Shopping, targeting the Vi

July 23, 2024

Korean Air signs deal to buy up to 50 Boeing planes

SEOUL, July 23 (AJU PRESS) - Korean Air has agreed to purchase up to 50 new aircraft from Boeing, marking its largest aircraft acquisition to date. The deal, worth about $30 billion, includes 20 777-9 and 20 787-10 planes, with an option for 10 additional 787-10s. The memorandum of understanding was signed at the Farnborough International Airshow in Hampshire, U.K. Walter Cho, chairman of Hanjin Group, and Stephanie Pope, president of Boeing Commercial Airplanes, attended the ceremo

July 23, 2024

Top food delivery app Baemin faces backlash over fee hike plan

SEOUL, July 23 (AJU PRESS) - Korea's largest food delivery app, Baedal Minjok (Baemin), is facing regulatory scrutiny and public criticism following its announcement to raise commission fees for restaurants. The company, which controls over 60 percent of the market, plans to increase its commission rate from 6.8 percent to 9.8 percent starting next month. Baemin is operated by Woowa Brothers, which is owned by Germany’s Delivery Hero. Civic groups are accusing Baemin

July 23, 2024

Kakao founder arrested on charges of stock manipulation

SEOUL, July 23 (AJU PRESS) - Kim Beom-su, the founder of Kakao Corp., was arrested Tuesday on charges of stock manipulation linked to the tech giant's takeover of SM Entertainment in 2023. Judge Han Jeong-seok of the Seoul Southern District Court issued an arrest warrant for Kim, citing concerns that he may destroy evidence and flee. The prosecution requested the arrest warrant last Wednesday on charges of violating the Financial Investment Services and Capital Markets Act.

July 23, 2024

Suspicious border activities in N. Korea suggest growing instability amid elite defections

SEOUL, July 23 (AJU PRESS) - North Korea has been building walls and digging holes along the border with South Korea, recent satellite images suggest. An analysis of satellite photos from American earth-imaging company Planet Labs shows newly-elected structures resembling walls along the Demilitarized Zone (DMZ), an area already heavily-fortified with landmines and high fences. Construction of these structures seemed to have started early this year, as they were not seen until at l

July 23, 2024

Opinion: Kamala Harris is likely to become Democratic nominee for president

SEOUL, July 23 (AJU PRESS) - After three weeks of pained debates in the media and within the Biden administration itself, the 61 percent of Americans who wanted Joe Biden to step aside have had their wish granted. Only a few minutes after announcing he would no longer be seeking re-election, Biden made clear he endorsed Vice President Kamala Harris to succeed him, while major Democratic Party stalwarts – including the Congressional Black Caucus as well as Bill and Hillary Clin

July 23, 2024

PHOTOS: Cho Kuk visits national cemetery following election as party leader

SEOUL, July 22 (AJU PRESS) - Former Justice Minister Cho Kuk visited the Seoul National Cemetery on Monday, following his election as the leader of the minor Rebuilding Korea Party on Saturday. Cho was the only candidate in the leadership election of the party, which he founded before the April parliamentary elections. He received an overwhelming 99.9 percent approval in a yes-or-no vote.

July 22, 2024

Koreans' chicken consumption peaks during summer

SEOUL, July 22 (AJU PRESS) - Koreans consumed an average of 26 chickens per person last year, according to a survey conducted by the Korea Rural Economic Institute. The survey of 2,000 adults nationwide released on Monday revealed that each Korean ate around 20 local chickens and six imported ones. Per-capita annual chicken consumption in Korea was a just 1.4 kilograms in 1970, but rose to 7.8 kilograms in 2003 and 17.6 kilograms so far this year. The survey also shows that Korea

July 22, 2024

PHOTOS: Middle-aged job fair draws crowds

SEOUL, July 22 (AJU PRESS) - The 4050 Job Fair for middle-aged and senior job seekers was held at Dongdaemun Design Plaza in Seoul on Monday. Hosted by the Seoul Metropolitan Government and organized by the Seoul 50 Plus Foundation, the event featured more than 70 companies interested in hiring middle-aged and older workers, offering on-site interviews, job consulting, and various work experience programs.

July 22, 2024

KB Kookmin launches Indonesian service on mobile banking platform

SEOUL, July 22 (AJU PRESS) - KB Kookmin Bank has launched Indonesian language services on its mobile banking platform, "KB Star Banking," the major Korean lender announced Monday. Along with Indonesian, the platform offers multilingual services in nine other languages, including English, Chinese, Vietnamese, Thai and Russian. Through this new service, Indonesian speakers will be able to access account and transaction history, inquire about exchange rates, and use overse

July 22, 2024