LS Materials breaks ground for EV aluminum parts factory in southern city

SEOUL, April 18 (AJU PRESS) - LS Materials, the materials-processing wing of Korea's LS Group, has broken the ground for an electric vehicle battery case component. Aluminum parts produced at the factory will provide protection for EV batteries that are vulnerable to external impacts. High-performance lithium-ion batteries, mainly used in EVs, can contain high levels of energy but they can easily combust when the battery casing is breached and internal components are damaged.

April 18, 2024

Samsung to implement six-day workweek for executives 

SEOUL, April 18 (AJU PRESS) - Amid the sluggish global market, Samsung Group will implement its six-day workweek initiative for its executives. All executive personnel of Samsung's affiliates, except those in financial service units, will be required to work six days. This initiative aims to motivate executive management during crises, particularly considering the underperformance of major affiliates. In 2023, Samsung Electronics reported an operating loss of 15 trillion won (

April 18, 2024

Opinion: Will global oil supply be at risk if Iran and Israel pull the Middle East into war?

SEOUL, April 18 (AJU PRESS) - Tensions in the Middle East have escalated following Iran's weekend missile and drone attacks on Israel, heightening concerns of a wider conflict. As with the Russian invasion of Ukraine, further conflict has the potential to destabilize oil prices and disrupt supply chains. In Australia, already grappling with a cost-of-living crisis, the ripple effects could soon be felt. Rising oil prices lead to increased inflation, first affecting fuel

April 18, 2024

Tech firms present AI solutions at 'World IT Show 2024' in Seoul

SEOUL, April 18 (AJU PRESS) - The "World IT Show 2024," the largest ever information and communications technology (ICT) exhibition in South Korea featuring 445 exhibitors from 10 countries, kicked off in Seoul on Wednesday for a three-day run. Hosted by the country's science ministry, the show embraces the theme "Innovation in Everyday Life, Created by AI." South Korean conglomerates are at the forefront, showcasing a variety of high-tech AI-powered soluti

April 18, 2024

Opinion: Ukraine is losing the war and the west faces a stark choice: help now or face a resurgent and aggressive Russia

SEOUL, April 18 (AJU PRESS) - Ukraine is now experiencing a level of existential threat comparable only to the situation immediately after the full-scale Russian invasion in February 2022. But in contrast to then, improvements are unlikely – at least not soon. Not only have conditions along the frontline significantly worsened, according to the Ukrainian commander-in-chief, Oleksandr Syrsky, but the very possibility of a Ukrainian defeat is now discussed in public by people

April 18, 2024

LS Eco Energy to supply ultra-high-voltage cables to Danish energy firm

SEOUL, April 17 (AJU PRESS) - LS Eco Energy, a Korean power cable maker, said Wednesday it has signed a contract to supply extra-high voltage cables to a public energy company in Denmark. The $30.51 million deal involves LS Eco Energy providing ultra-high-capacity cables to Energinet for three years. The product is in high demand in Denmark driven by construction projects for offshore wind farms and underground power transmission lines, according to the Korean company. Over

April 17, 2024

Korea increasingly losing AI talent abroad: report

SEOUL, April 17 (AJU PRESS) - Korea has experienced a significant decline in the migration index for AI developers compiled by Stanford University as the country is increasingly losing talent, lured by higher pay and better opportunities abroad. According to the AI Index 2024, published by the U.S. university's Human-Centered AI Institute on Monday (local time), in 2022, Korea had 10.26 AI patents per 100,000 people, ahead of Luxembourg (8.73), the United States (4.23) and Jap

April 17, 2024

HD Hyundai signs deal to build 4 warships for Peruvian Navy

SEOUL, April 17 (AJU PRESS) - HD Hyundai Heavy Industries (HHI), the world's largest shipbuilder, has signed a contract with Peru's state-run company to jointly construct four warships for the Peruvian Navy, the Korean company said Wednesday. Under the agreement, HHI will work together with SIMA Peru S.A., a shipbuilder affiliated with the Peruvian Navy, to build a 3,400-ton frigate, a 2,200-ton offshore patrol vessel and two 1,400-ton landing ships. They are scheduled to be

April 17, 2024

Opinion: Once enemies, Japan and U.S. strengthen their alliance – and it goes beyond AUKUS

SEOUL, April 17 (AJU PRESS) - Japanese Prime Minister Fumio Kishida's state visit to the White House has already resulted in one of the most ambitious boosts to the United States-Japan alliance. This alliance is now at the core of American strategy to strengthen a regional coalition to counter China's geopolitical rise. In a joint press conference following a welcoming ceremony on April 10, U.S. President Joe Biden announced a range of measures to intensify the already clo

April 17, 2024

BLACKPINK's Jennie stays on Billboard chart for 16 consecutive weeks

SEOUL, April 17 (AJU PRESS) - BLACKPINK member Jennie's "One of the Girls" ranked 76th on Billboard's Hot 100 chart released Tuesday, extending its run on the chart to 16 consecutive weeks. The 28-year-old artist collaborated with Lily-Rose Depp and The Weeknd for the song, which serves as the soundtrack for the American TV series "The Idol." The song's official audio on YouTube has accumulated over 121 million views. In June 2023, Jennie

April 17, 2024