Latest news
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Korean football team fails to qualify for Olympics for first time in 40 years
SEOUL, April 26 (AJU PRESS) - Korea's hopes of securing a spot in the men's football in the Paris Olympics were shattered Thursday after they lost to Indonesia in a penalty shootout in Doha, Qatar. This is the first time in 40 years that Korea has missed the men's football tournament at the Olympics since the 1984 Los Angeles games. Korea faced Indonesia in the quarterfinals of the Asian Football Confederation (AFC) Under-23 Asian Cup at Abdullah bin Khalifa Stadium i
April 26, 2024 -
Seoul aims to revitalize Han River into leisure, tourism hub
SEOUL, April 25 (AJU PRESS) - The Seoul city government is pushing for a major development plan for the Han River and its waterfront areas, including the construction of a floating hotel, a water-ski slope, urban marinas and various leisure activity facilities. Mayor Oh Se-hoon announced the initiative, dubbed "River City Seoul," on Wednesday as part of efforts to revitalize the river into a vibrant hub of leisure and tourism by 2030. A total of 550 billion won ($400
April 25, 2024 -
Education startup Mathpresso makes TIME's top edutech company list
SEOUL, April 25 (AJU PRESS) - South Korean startup Mathpresso has been listed on the "World's Top Edtech Companies of 2024" by TIME Magazine. Mathpresso was ranked 136th on the list released on Tuesday. The magazine collaborated with market research firm Statista to select 250 education technology firms from among 7,000 candidates. "The ranking is built on two pillars: financial strength and industry impact," TIME said on its official website. The Korean s
April 25, 2024 -
Vietnamese schools adopt AI-based Korean learning platform
SEOUL, April 25 (AJU PRESS) – Visang Education, a Korean educational company, said Thursday its artificial intelligence-based Korean-language learning platform has been adopted by seven schools in Viet Nam. The platform, called Master K, incorporates various smart learning solutions, such as virtual learning and AI pronunciation tests, to enable remote lectures. The Southeast Asian country has designated Korean as one of its first foreign languages but has yet to secure enough
April 25, 2024 -
VISUALS: Premier electric vehicle fair underway in Seoul
SEOUL, April 25 (AJU PRESS) - The 37th International Electric Vehicle Symposium and Exhibition (EVS37) is under way at COEX in Seoul. About 160 companies from 12 countries are participating in the world's largest and oldest EV conference and exposition running from Tuesday to Friday. The 37th event is hosted by the World Electric Vehicle Association and the Electric Vehicle Association of Asia Pacific and organized by the Korean Society of Automotive Engineers. Established in 1969, EVS st
April 25, 2024 -
HYBE takes legal action against NewJeans agency CEO amid management control feud
SEOUL, April 25 (AJU PRESS) - Entertainment giant HYBE plans to file a complaint Thursday against Min Hee-jin, the CEO of its affiliated label behind popular K-pop girl band NewJeans, on charges including breach of trust. HYBE said this week's audit confirmed that Min had devised plans to take over management control of the subsidiary, ADOR, and break away from the K-pop powerhouse. Auditors secured a computer file from an ADOR executive that showed Min's side con
April 25, 2024 -
Korea reports world's first demonstration of integrated operation of urban air mobility systems
SEOUL, April 24 (AJU PRESS) - A Korean consortium said Wednesday it has successfully demonstrated the integrated operation of urban air mobility (UAM) systems, marking progress in the nation’s plan to commercialize flying taxis by 2025. The K-UAM One Team, consisting of Hyundai Motor, KT, Korean Air, Incheon International Airport Corporation, and Hyundai E&C, conducted the test involving aircraft flight, safety, operational systems and traffic management, in an aviation
April 24, 2024 -
SNU professor to spearhead Korea's inaugural space agency
SEOUL, April 24 (AJU PRESS) - President Yoon Suk Yeol appointed an aerospace professor at Seoul National University as the inaugural chief to oversee Korea's forthcoming space agency, the presidential office said Wednesday. Yoon Young-bin will spearhead the Korean equivalent of the U.S. National Aeronautics and Space Administration (NASA), called the Korea Aerospace Administration (KASA), slated for launch in late May. Obtained his Ph.D. from the University of Michigan in
April 24, 2024 -
HD Hyundai establishes new headquarters for marine energy businesses
SEOUL, April 24 (AJU PRESS) - HD Hyundai Heavy Industries, the world's largest shipbuilder, plans to launch a new headquarters specializing in marine energy harvesting businesses next month, industry sources said. The company notified staff on Wednesday that the current shipbuilding and marine business division will be split into two segments and the new headquarters for the fast-growing marine energy industry will be established on May 1. The new entity will focus on the c
April 24, 2024 -
Video streaming services in Korea sharply raise subscription fees
Netflix, TVING and other popular over-the-top (OTT) video streaming services in Korea have increased subscription fees by an average of about 40 percent over the past six months, as the companies are striving to improve the bottom line despite consumer complaints of financial burdens. According to the state-run Korea Creative Content Agency (KOCCA), 55.2 percent of the country’s 52 million population subscribed to paid video streaming services as of December 2023. With the m
April 24, 2024
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Korea's Ramyeon exports hit record high in first quarter
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Yoon, opposition leader sit down for talks for first time
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Price of Korean seaweed skyrockets amid growing demand overseas
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Dongwon F&B, Konkuk University join hands to develop safe pet food
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Korea sees 22% surge in moonlighting workers during 1st quarter
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Korea Western Power secures electricity supply deal in UAE
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Seoul unveils new slogan for iconic landmark 'Dongdaemun Design Plaza'
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VIDEO: Dongdaemun Design Plaza celebrates 10th anniversary
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Korean e-commerce firms vying to lure customers quitting Coupang over fee hike
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N. Korean leader inspects test-firing of new multiple rocket launcher shell