LG Energy Solution secures first major LFP battery order from Renault

SEOUL, July 2 (AJU PRESS) - LG Energy Solution has signed a large-scale supply contract for electric vehicle LFP (lithium iron phosphate) batteries with Renault's electric vehicle division, Ampere, the Korean battery maker said Tuesday. Under the agreement, signed at Renault's headquarters in Paris on Monday (local time), LG will supply about 39GWh of battery cells, enough to power 590,000 electric vehicles, for five years from late 2025 to 2030. LG became the first Korea

July 2, 2024

PHOTOS: Heavy rain alerts issued as monsoon downpours hit many parts of Korea

SEOUL, July 2 (AJU PRESS) - Heavy rains dampened much of the country on Tuesday, prompting authorities to issue rain alerts for Seoul and other central and southern regions. Downpours ranging from 30 to 80 millimeters were expected in Seoul, Gyeonggi, Gangwon, Chungcheong and Jeolla provinces during the day, with some areas forecast to receive over 120 millimeters. The one-month monsoon season began across the country on Saturday.

July 2, 2024

N. Korea says it successfully test-fired new tactical ballistic missile

SEOUL, July 2 (AJU PRESS) - North Korea successfully test-fired a new tactical ballistic missile, state media reported Tuesday. South Korea's Joint Chiefs of Staff said the previous day that two projectiles were fired eastwards from a launch site in South Hwanghae Province at around 5:00 a.m. (2000 GMT) and traveled about 600 kilometers (372 miles) and 120 kilometers, respectively. Pyongyang's state-run Korean Central News Agency (KCNA) said the missile, codenamed "H

July 2, 2024

NewJeans' Hanni takes Japanese fans by storm with nostalgic song

SEOUL, July 2 (AJU PRESS) - K-pop girl band NewJeans captivated some 90,000 Japanese fans during their gigs at the Tokyo Dome in Japan last week. The quintet, consisting of Danielle, Haerin, Hanni, Hyein and Minji, held the two-day concerts on June 26 and 27 to promote their Japanese debut album. The highlight of the concerts came when Vietnamese-Australian Hanni performed a fresh rendition of Japanese oldie "Aoi Sangoshou," meaning "blue coral reef" in Englis

July 2, 2024

Japanese operator of Line denies imminent Naver stake sale amid regulatory pressure

SEOUL, July 2 (AJU PRESS) – The operator of Japan's popular chat app, Line, has ruled out the possibility of Naver, Korea’s largest internet company, selling down its stake in the company anytime soon, as ordered by the Japanese regulators, industry sources said. Line Yahoo Corp. (LYC) on Monday submitted a report to the Japanese Ministry of Internal Affairs and Communications regarding its administrative guidance that directed Line operator’s parent company, A

July 2, 2024

Opinion: Russia has become so economically isolated that China could order end of war in Ukraine

SEOUL, July 02 (AJU PRESS) - Western leaders are becoming increasingly frustrated by China’s role in enabling the war in Ukraine. Some have even openly threatened to sanction the country if it continues to provide Russia with the materials it needs to build more weapons. And they are right to focus on China's position of power. Russia is now so dependent on the only major economy still taking the risk to support its regime, that China could effectively force Vladimir Putin

July 2, 2024

Nine dead as car crashes into pedestrians in central Seoul

SEOUL, July 2 (AJU PRESS) - Nine people were killed and six others were injured when a car crashed into a pedestrian road in central Seoul on Monday night. According to police authorities, the accident occurred at an intersection near City Hall in the capital at around 9:27 p.m. Witnesses said the vehicle was driving in the wrong direction on a one-way, four-lane street, and lost control and suddenly started accelerating after colliding with two oncoming vehicles and plowed into ped

July 2, 2024

Korea's hydrogen car ambitions hit roadblock

SEOUL, July 1 (AJU PRESS) - A few years ago, Korea appeared poised to be a trailblazer in the transition to hydrogen-powered vehicles. The nation’s leading automaker, Hyundai Motor Co., was the first in the world to mass-produce fuel cell electric vehicles (FCEVs) and its flagship model, the NEXO, quickly dominated the global market. The government buttressed the industry with subsidies and incentives. However, the hydrogen hype is now fading fast, with sales plummeting, exports

July 1, 2024

Recycling specialist Dowon partners with Vietnamese logistics giant to set up joint venture

SEOUL, July 01 (AJU PRESS) - Korean recycling specialist Dowon has forged a partnership with Vietnamese logistics giant Phu Thai on Monday to set up a joint venture in Viet Nam. The signing ceremony took place at a hotel in central Seoul with representatives from the two companies. Phu Thai officials also accompanied the Vietnamese Prime Minister Pham Minh Chinh who arrived in Seoul over the weekend for his four-day visit to Korea. According to Dowon, the new joint venture will

July 1, 2024

ASEAN-Korea Centre to host waste management seminar in Laos this week

SEOUL, July 01 (AJU PRESS) - The ASEAN-Korea Centre is set to host a seminar on sustainable waste management in Laos this week. Scheduled to take place in the Southeast Asian country's capital of Vientiane on July 2~3, the seminar is expected to bring together government officials and industry leaders from Korea and five Mekong ASEAN countries such as Cambodia, Laos, Myanmar, Thailand, and Viet Nam. The two-day seminar will feature a series of forums, discussions and activiti

July 1, 2024