Latest News

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  [OPINION] "The Nuclear Genie and Averting Armageddon" KENOSHA -- "Disarmament … is a continuing imperative." That public statement is not from an ideologue on the left, but rather from President Dwight D. Eis 2023-03-17
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  Southern resort island of Jeju to start first commercial drone delivery service SEOUL -- South Korea's first commercial drone delivery service will be kicked off in the southern resort island of Jeju, the transport ministry said. The delivery service targets some 130 households in Gapado, a remote island in the southwestern part of Jeju. During the last five years, South Korea's government and private companies tested and demonstrated various drone delivery services for snacks and small parcels including medicines and daily necessities for people liv 2023-03-17
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  S. Korea's arms procurement agency discusses cooperation in defense sector with U.S. think tank SEOUL -- South Korea's arms procurement agency has discussed cooperation methods with the United States at a conference held in Washington D.C. At the annual meeting, government and industry officials from both countries brought up the U.S. Defense Department's foreign comparative testing program, which demonstrates various items and technologies of U.S. allies to see if they could be adopted by the U.S. armed forces. The Defense Acquisition Program Administration (DAPA) 2023-03-17
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  ​Top S. Korean conglomerate heads visit Tokyo to discuss cooperation with Japanese counterparts SEOUL -- Samsung Electronics Chairman Jay Y. Lee, SK Group Chairman Choi Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, LG Group Chairman Koo Kwang-mo, and Lotte Group Chairman Shin Dong-bin have joined the ranks of other major South Korean conglomerate leaders on a trip to Tokyo in a bid to engage in discussions with their Japanese counterparts on the cooperation in various sectors including semiconductors, batteries, and electric components. According to industry sources 2023-03-17
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  Pinkfong to work with Saudi Arabian government for expansion of content business SEOUL -- The Pinkfong Company, famous for its children's YouTube mega-hit song "Baby Shark, has partnered with a Saudi Arabian ministry in charge of issuing licenses to foreign investors, to expand its business in the Middle Eastern country. Saudi Arabia accounts for the largest portion in terms of cumulative viewing time on Pinkfng's YouTube channel in the Middle East and North Africa region. Pinkfong has gained global popularity for its Baby Shark content. Baby Sha 2023-03-17
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  [SUMMIT] ​S. Korean President Yoon and Japanese Prime Minister Kishida agree to resume 'shuttle diplomacy' SEOUL -- During a summit meeting in Tokyo, South Korean President Yoon Seok-yeol and Japanese Prime Minister Kishida Fumio have reached a consensus on resuming "shuttle diplomacy," a diplomatic action in which international leaders frequently visit each other's country to strengthen diplomatic relations. Yoon met Kishida at his official residence on March 16 for two meeting sessions during his two-day visit to Japan. The two leaders attended the first 23-minute-long m 2023-03-16
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  [COLUMN] President Yoon and Korea's new posture in the world SEOUL -- After what many people in Korea considered a wobbly start as president of this country, President Yoon Suk-yeol this month stepped up and, in a brief, bold, five-minute speech, made history. Not only did he reframe the relationship with Japan, but he also articulated a new posture for Korea in the world. “We must stand in solidarity with countries 2023-03-16
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  SGC Energy to convert Vietnam's coal power plants to biomass-based generating facilities SEOUL -- SGC Energy, a green energy solution provider in South Korea, will work with a Vietnamese power engineering consulting firm to carry out projects to convert coal power plants into biomass-based generating facilities. The partnership was made followed by Vietnam’s state project to phase out coal power generation which accounts for 40 percent of the country's total power supply. Biomass is a renewable organic material based on plants and animals. It is used as fuel 2023-03-16
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  ​South Korea to inject $228 bln to create mega-sized semiconductor cluster by 2042 SEOUL -- In a bid to beef up the country's competitiveness in the global semiconductor sector, South Korea will invest 300 trillion won ($228.7 billion) to create the world's largest semiconductor research and development center complex in Yongin City south of Seoul by 2042. The Ministry of Trade, Industry and Energy revealed the "National Advanced Industry Promotion Strategy" at the Emergency Economic and Livelihoods Council, chaired by President Yoon Suk-yeol on 2023-03-16
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  Mars Auto's self-driving solution to be demonstrated through cargo trucks in S. Korea SEOUL -- A self-driving solution developed by Mars Auto, a South Korean autonomous truck developer, will be used for freight transport service through urban roads that connect Seoul and the southeastern province of Gyeongsang. The level 3 self-driving system with seven cameras and a minicomputer can detect driving environments and autonomously control cargo trucks. The current law does not allow autonomous commercial cargo transport services between different cities and provinces. 2023-03-16
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  South Korea's theme park & amusement fair to be held in KINTEX in July SEOUL -- "2023 Korea Theme Park & Amusement Fair" (KAAFAIR), one of South Korea's largest annual theme park exhibitions, will be held in KINTEX in Ilsan northeast of Seoul for three days in July. Various companies from South Korea and the global theme park and amusement park industries will participate in the event. After its first successful event held in the southern port city of Busan in 2020, KAAFAIR will be held for the first time in three years for three day 2023-03-16
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  Sales of fashion items at W Concept's offline stores increase 30 percent year-on-year SEOUL -- Sales of 65 brands at offline stores run by W Concept, the online fashion platform wing of South Korea's retail giant Shinsegae, increased 30 percent between January 2022 and January 2023, compared to same period a year ago. The company, which attracted many young female consumers through its online platform, has showcased three offline stores targeting young consumers who like to express themselves with unique apparel items. W Concept said in a statement on March 16 t 2023-03-16
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  [SUMMIT] President Yoon heads to Japan for summit meeting with Prime Minister Kishida SEOUL -- South Korean President Yoon Seok-yeol has departed for a two-day visit to Japan to attend a summit meeting with Japanese Prime Minister Kishida Fumio. Yoon and his delegation including staff members departed from Seoul Airport in Seongnam south of the capital city on an Air Force presidential jet at around 9:50 a.m. (0050 GMT) on March 16. After arriving in Japan, Yoon's first schedule will be to attend a meeting with South Korean residents in Tokyo before participatin 2023-03-16
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  [SUMMARY] Daily News Selection by Aju Daily on March 15, 2023 The following stories are the daily summary of news in South Korea on March 15. SEOUL -- Grandson of ex-President Chun Doo-hwan accuses family of corruption A former president's grandson, Chun Woo-won, referred to his grandfather as a "slaughterer." The family of Chun Doo-Hwan, ex-President of South Korea, who brutally put down a pro-democracy rebellion in 1980, has been accused of using funds from stashed assets by the former president’s grandson. The gr 2023-03-15
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  [OPINION] Germany is a Positive as well as Powerful Leader KENOSHA -- On March 3, Chancellor Olaf Scholz of united Germany visited with President Joe Biden at the White House. The visit brought no public disagreement. Some misguid 2023-03-15
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  S. Korean President to have dinner with Japan's Prime Minister at Omurice restaurant during summit SEOUL -- President Yoon Suk-yeol will visit Japan on March 16 for two days to meet Japan's Prime Minister Kishida Fumio for a summit meeting. The two leaders will engage in discussions to find solutions to improve bilateral relations and have dinner at an Omurice restaurant in Ginza, Tokyo's shopping district filled with department stores and restaurants. It would be the first visit by a South Korean president to Japan in about four years since ex-President Moon Jae-in attended 2023-03-15
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  ​American battery startup ONE opens South Korean office SEOUL -- American battery startup Our Next Energy, backed by Bill Gates and BMW, has set up an office in South Korea. The CEO of the South Korean office is Shazad Butt, the Chief Operating Officer of the battery startup. Aju Daily found through its news covering process that Our Next Energy (ONE) chose to nest inside an information technology industry center in Hwaseong southwest of Seoul. The American startup is busily moving to start a business in South Korea. The company had rec 2023-03-15
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  KT to work with camping service startups for outdoor autonomous robot delivery business SEOUL -- South Korea's major telecom company KT will work with camping service startups to provide autonomous delivery robot services at various campsites. Camping has been rising in popularity in South Korea, especially among people in their 30s and 40s. According to data released by South Korea's statistics office, the number of campers skyrocketed to 6.8 million in 2020 from 5.3 million in 2019. The national statistics office predicts that the number of campers surpass 2023-03-15
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  ​Hyundai Motor company becomes world's third-largest carmaker: market data SEOUL -- South Korea's Hyundai auto group has become the world's third-largest carmaker, thanks to the motor group's clean energy vehicles including electric vehicles which became popular in major car markets in North America and Europe, investor relations data released by various car companies showed. Also, increased sales of Hyundai's luxury car brand Genesis played a vital role in boosting the company's global recognition around the world. Hyundai entered the 2023-03-15
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  Bio-venture firm GI Innovation hopes to be listed in S. Korean version of NASDAQ SEOUL -- As a promising unicorn in South Korea's bio-venture sector, GI Innovation aims to be listed on KOSDAQ, the South Korean version of the U.S stock market NASDAQ. At an initial public offering briefing held on March 13, the bio-venture company unveiled its scheme to transfer five additional technologies by 2028. During the briefing session, the company's CEO Rhee Byung-geon proudly introduced GI-SMART, a smart screening system capable of detecting optimal dual fusion 2023-03-14