Latest news
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Hyundai E&C, KAERI join hands to commercialize advanced small modular reactors
SEOUL, June 12 (AJU PRESS) - Hyundai E&C signed a memorandum of understanding with the Korea Atomic Energy Research Institute (KAERI) to commercialize the next-generation modular reactors that are said to be smaller and safer than conventional reactors, the Korean construction firm said Wednesday. The two entities will develop sodium-cooled fast reactors (SFRs) that use fast neutrons to generate fission and employ liquid sodium as a coolant. They will additionally collaborate on
June 12, 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 -
Opposition leader Lee Jae-myung indicted over alleged involvement in money transfer to N. Korea
SEOUL, June 12 (AJU PRESS) - On Wednesday, prosecutors indicted Lee Jae-myung, the leader of the main opposition Democratic Party, on charges of involvement in an unauthorized money transfer to North Korea about five years ago. The former Gyeonggi Province Governor is accused of pressing underwear maker Ssangbangwool Group, through Lee Hwa-young, a former vice Gyeonggi governor, to illegally transfer around $8 million to North Korea between January 2019 and January 2020. In return
June 12, 2024 -
SK Ecoplant builds rooftop solar power system in Vietnamese industrial complex
SEOUL, June 12 (AJU PRESS) - SK Ecoplant, a Korean energy solution company, has installed a 1-megawatt rooftop solar power facility at a textile plant run by Samil Vina in Viet Nam's southern province of Dong Nai. The company held a ceremony on Monday to mark the completion of the solar power system, which will generate electricity for self-consumption at the plant, eliminating concerns of distribution losses. SK Ecoplant aims to expand its rooftop solar power projects to oth
June 12, 2024 -
Russian Embassy in Seoul celebrates national holiday
SEOUL, June 12 (AJU PRESS) - The Russian Embassy in Korea held a reception to celebrate Russia Day, the national holiday of the Russian Federation, in central Seoul on Monday. Envoys from various countries, including China, Saudi Arabia, and Indonesia, participated in the event held at the main hall of the embassy. Lawmakers, scholars, and other distinguished guests were also among the attendees. "This national holiday commemorates the path our homeland has tirelessly walk
June 12, 2024 -
Experts warn Korea no longer safe from earthquakes after 4.8-magnitude quake hits Buan
SEOUL, June 12 (AJU PRESS) - Experts are warning that the Korean Peninsula can no longer be regarded as a safety zone for earthquakes, after a magnitude 4.8 earthquake struck an area 4 kilometers southwest of Buan, North Jeolla Province at around 8:30 a.m. on Wednesday. The Korea Meteorological Administration (KMA) initially reported the magnitude of the earthquake as 4.7, but later revised it to 4.8 after a detailed analysis. About 300 people reported sensing the tremors, but
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 -
Hyundai Mobis unveils cutting-edge infotainment digital cockpit system
SEOUL, June 12 (AJU PRESS) - Hyundai Mobis, Korea's leading automotive parts manufacturer, has unveiled its latest innovation in digital cockpit technology, the M.VICS 5.0. This state-of-the-art system integrates a wide array of display technologies to set new standards for future digital cockpits in vehicles. The M.VICS 5.0 boasts a seamless, boundary-less widescreen cockpit that spans from the driver's left pillar to the passenger's right pillar. Consisting of five dis
June 12, 2024 -
WhaTap Labs provides IT monitoring solutions to Indonesia
SEOUL, June 12 (AJU PRESS) - WhaTap Labs, a Korean software-as-a-service (SaaS) startup, is accelerating its push into the Indonesian market with its information technology infrastructure monitoring solutions. The company said Tuesday it has signed contracts with Adira Finance, a major financial firm, Federal International Finance (FIF), and telecom operator Smartfren, which has 36 million subscribers, in the second quarter of this year. WhaTap entered the Southeast Asian marke
June 12, 2024 -
Opinion: A brief history of tragic presidential relatives, from Alice Roosevelt to Hunter Biden
SEOUL, June 12 (AJU PRESS) - A Delaware jury found Hunter Biden, the son of President Joe Biden, guilty on June 11, 2024, of three felony counts related to lying on a federal firearms application in 2018 – making him the first child of a president to be convicted of a felony. While Hunter Biden marked on the application that he was not using illegal drugs at the time, the jury determined that he was, in fact, lying about his drug use. Joe Biden and his wife, Jill, issued
June 12, 2024
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Hanwha Aerospace partners with US drone firm to enter lucrative unmanned aircraft market
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KORUS FTA now a blank sheet as Trump imposes 'reciprocal' tariffs on Korean imports
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Mirae Asset expands global reach with strategic investments, innovation
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Tensions heighten ahead of Constitutional Court's verdict on Yoon's fate
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Satellite images suggest North Korea bolstering drone infrastructure
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Household debt per borrower hits record high
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10 percent of patients wait average of 17.5 days to be hospitalized: Survey
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Energy storage setback deepens woes for South Korean battery makers
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Voters go to polls in local by-elections
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Leadership void leaves Korea vulnerable to Trump's tariff offensive