Exports of S. Korean beverage products soar to new high

SEOUL, April 01 (AJU PRESS) - Exports of South Korean beverage products, including non-alcoholic drinks such as soft drinks and fruit-flavored dairy products, soared to a record $572.3 million in 2023. This surge in exports can be attributed to the growing recognition and popularity of South Korean products on the global stage. The export volume of South Korean beverage products has seen a consistent upward trend since 2020, reaching new highs each year. The increasing popularity

April 1, 2024

LG Energy Solution anticipates growing ties on 20th anniversary of Chile FTA

SEOUL, April 01 (AJU PRESS) - LG Energy Solution, the battery-making affiliate of South Korea's LG Group, is seeking to strengthen collaboration with Chile, which is integral to the firm's global battery supply chain. The battery maker highlighted Chile's pivotal role as a key partner in the lithium industry on the 20th anniversary of the free trade agreement that took effect on April 1, 2004, between Chile and South Korea. Since becoming South Korea's inaugural F

April 1, 2024

President Yoon stresses importance of increasing medical school admissions by 2,000

SEOUL, April 01 (AJU PRESS) - Amid prolonged chaos in major hospitals caused by resident doctors' mass resignation movement, South Korean President Yoon Suk Yeol stressed that the government's decision to increase the number of medical school admissions by 2,000 per year is a minimum increase rate to nurture at least 15,000 new doctors by 2035. In recent years, there has been a decline in the number of trainee doctors applying for essential departments such as internal m

April 1, 2024

S. Korean food maker provides plant-based dumplings to grocery stores in US military bases 

SEOUL, April 01 (AJU PRESS) - South Korea's major food company CJ Cheiljedang will sell plant-based dumplings at grocery stores within the United States military bases in South Korea. The plant-based products, designed for easy microwave cooking, are included in Cheiljedang's premium ready-to-cook product brand "Bibigo." When supplying vegan dumplings to the U.S. military bases, the company has been using meat produced in the U.S. "Because the U.S. has stric

April 1, 2024

[OPINION] Local elections in Türkiye

SEOUL, March 31 (AJU PRESS) - Fair, transparent, and regular elections are the most fundamental components of modern democracies. In democratic systems, it is fundamental that the authority and power of those in power be derived from the electorate or the governed. These powers are renewed through regular elections. Through elections, the governed vote on the governors' poli

March 31, 2024

Ruling camp on edge as South Korea's April 10 polls approach

SEOUL, March 29 (AJU PRESS) - South Korea's upcoming general elections, scheduled for April 10, are shaping up to be a nail-biter, with pre-election surveys painting a conflicting picture and a resurgent third party threatening to shake the traditional two-party dominance. While the ruling People Power Party (PPP) is vying to regain control of the National Assembly, its position appears precarious. Discrepancies among major polling firms highlight the uncertainty: Hankook Rese

March 29, 2024

HD Hyundai selected to support Peruvian Navy's modernization project

SEOUL, March 29 (AJU PRESS) - South Korea's HD Hyundai Heavy Industries (HHI) has been chosen as the preferred bidder to assist in constructing four naval warships for the Peruvian Navy, worth $462.9 million. The project is the largest defense export by a South Korean company to South America. Peru's state-run SIMA Peru S.A. said on Thursday HHI was selected as the preferred negotiator for its joint project to build a 3400-ton frigate, a 2200-ton offshore patrol vessel, an

March 29, 2024

London-based investment firm to acquire S. Korean solar energy company

SEOUL, March 28 (AJU PRESS) - Investment firm Actis announced Thursday it is set to acquire Argo Energy, a South Korean company specializing in solar energy, as part of its initiatives to strengthen renewable energy projects in Asia. Based in London, the company aims to generate solar energy capable of powering over 85,000 households annually in South Korea, the eighth largest energy consumer in the world. Argo Energy specializes in developing small-sized solar panels and rooftop

March 28, 2024

Brazilian fintech company looking for deals with S. Korean content firms

SEOUL, March 28 (AJU PRESS) - Brazilian financial technology company EBANX is seeking partnerships with South Korean companies in the content industry to expand its business in countries in Latin America. The fintech firm, which provides payment services in 17 Latin American countries, has emphasized the importance of adopting local payment systems to launch businesses in Latin America, at a business forum in Seoul. During this forum on March 21, EBANX's Chief Marketing Offic

March 28, 2024

Seoul's bus labor union launches strike for first time in 12 years

SEOUL, March 28 (AJU PRESS) -- The operation of about 98 percent of buses running in Seoul came to a halt, Thursday, as unionized bus drivers began a general strike for the first time in 12 years, since 2012. Despite extensive negotiations lasting more than 11 hours, they failed to reach an agreement with management authorities. The two parties had been engaged in talks since 3 p.m. (0600 GMT) on Wednesday and continued for over 11 hours. However, they failed to reach an agreement

March 28, 2024