HD Korea Shipbuilding unveils ammonia-fueled ship technology

SEOUL, June 03 (AJU PRESS) - HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has unveiled new technology that enhances the safety of ammonia-fueled ships, a promising next-generation eco-friendly vessel, ahead of a major industrial fair in Greece. The shipbuilder held a forum in Athens on Friday to showcase its innovative technology that reduces toxic gas emissions from ammonia fuel to near-zero levels. The event, attended by over 100 global shipbuilding and shippin

June 3, 2024

Opinion: Why we should care about this week's European Parliament elections

SEOUL, June 03 (AJU PRESS) - The European Parliament (EP) elections being held this week will likely alter the political orientation of the European Union's main legislative and budgetary authority, the only directly elected EU body. Parties that are skeptical about European integration, along with populist right-wing politicians, are expected to gain ground, while centre-left and Green parties are poised to lose votes and seats. The outcome will have a big impact on EU pol

June 3, 2024

Tens of thousands of people gather to celebrate gender equality at Seoul Queer Festival

SEOUL, June 01 (AJU PRESS) - Tens of thousands of people gathered in central Seoul on Saturday to participate in this year's "Seoul Queer Festival," an annual event designed to celebrate gender diversity and promote equal rights for everyone. According to the festival's organizing committee, a total of some 150,000 people participated in the LGBTQ+ event. This is the second time the festival was held near Euljiro 1-ga Station, about 500 meters (0.3 miles) from Seou

June 1, 2024

VISUALS: The 25th Seoul Queer Culture Festival in Seoul

SEOUL, June 01 (AJU PRESS) - The 25th Seoul Queer Culture Festival was held near Euljiro 1-ga Station in central Seoul on June 1. Under the slogan "YES, QUEER!", the festival aimed to create an inclusive space where people of all sexual orientations and gender identities could gather and celebrate equally. Events included a parade, the Korean Queer Film Festival, a Rainbow Goods Fair, and an international lecture series.

June 1, 2024

POSCO breaks ground on nickel, precursor plants

SEOUL, May 31 (AJU PRESS) - POSCO began the construction of two electric vehicle materials plants -- one for nickel and the other for precursor -- on Friday through joint ventures with the Chinese electric vehicle (EV) materials producer CNGR, the Korean steelmaker said. POSCO CNGR Nickel Solution and C&P New Material Technology broke ground for their plants at an industrial complex in the southeastern city of Pohang. POSCO CNGR Nickel Solution, a nickel refining firm, is a 6

May 31, 2024

Astronomical divorce settlement stokes worries over SK chairman's control of group

SEOUL, May 31 (AJU PRESS) - A court order for SK Group chairman Chey Tae-won to pay an astronomical divorce settlement has stoked concerns about its potential impact on the conglomerate's governance structure and future business operations. On Thursday, the Seoul High Court ordered Chey to pay 1.38 trillion won ($1.09 billion) in property division and 2 billion won in alimony to his estranged wife, Roh Soh-yeong, in the biggest divorce settlement in the country's history.

May 31, 2024

Korea, Viet Nam agree to deepen cooperation in first foreign ministers' talks

SEOUL, May 31 (AJU PRESS) - Foreign Minister Cho Tae-yul met with his Vietnamese counterpart Bui Thanh Son in Seoul on Friday to discuss ways to deepen bilateral cooperation. The meeting marked the first formal ministerial-level discussions between the two countries, following an agreement reached during President Yoon Suk Yeol's state visit to the Southeast Asian country in June last year. Their talks took place six months after the two countries agreed to elevate the bilater

May 31, 2024

Opinion: Is Ireland, not Germany, now the model for Korean reunification?

SEOUL, May 31 (AJU PRESS) - At the beginning of this year, when Kim Jong-un announced he had abandoned reunification and considered South Koreans to be foreign enemies, South Koreans were not sure how to react. Some thought he was preparing for nuclear war. Others thought he was angry with President Yoon Suk-yeol. But it is possible he was distracting us from something else. I wonder, is he making the long-awaited change to Chinese-style economic growth and acting tough against

May 31, 2024

Southeast Asia leaning toward China as US-China rivalry intensifies

SEOUL, May 31 (AJU PRESS) - More than half of Southeast Asians now favor China over the U.S. if they had to choose between the two countries, a recent survey revealed. Their preference for China has increased by over 20 percentage points compared to a year ago, while their favorable view toward the U.S. has declined by more than 11 percentage points. It is the first time China has surpassed the U.S. in terms of preference since the annual survey began in 2020, reflecting Beijing'

May 31, 2024

LG Chem set to sign massive wind power purchase deal

SEOUL, May 31 (AJU PRESS) - LG Chem is set to sign one of the largest-ever wind power purchase deals in Korea as the leading chemical company steps up efforts to strengthen its renewable energy supply chain. The company said Friday it will enter into a contract with ST International, a local energy company, and Shinhan Asset Management to purchase up to 615 gigawatt-hours of energy annually from repowered wind farms in the eastern counties of Yeongdeok and Yeongyang for 20 years s

May 31, 2024