Economy
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Lotte Rental achieves 'Baa3' credit rating from Moody's
SEOUL, March 26 (AJU PRESS) -- Lotte Rental, the rental service wing of South Korea's Lotte Group, has earned a prestigious "Baa3" investment-grade rating from Moody's, a renowned global credit rating agency. This achievement holds significance in South Korea's rental industry. Moody's is recognized as one of the top three credit rating agencies globally, alongside Standard & Poor's (S&P) and Fitch. Moody's evaluation of Lotte Rental began
March 26, 2024 -
LS Cable embarks on construction of plant for new copper foil material
SEOUL, March 25 (AJU PRESS) -- South Korea's major cable maker LS Cable & System has embarked on a journey to build a new plant for the mass production of a new copper foil material. The cable maker said that the new material is made with copper flakes instead of wires, to reduce the production process and costs. Copper foils are mainly used for the production of high-performance batteries for electric vehicles and energy storage systems. Copper foils are applied to batter
March 25, 2024 -
'Coffee Expo Seoul' highlights innovative technology from coffee industry
SEOUL, March 22 (AJU PRESS) -- A total of 250 South Korean and foreign coffee-related companies are participating in the "Coffee Expo Seoul," an annual coffee business exhibition held in Seoul from March 21 to March 24. Exhibitors are showcasing coffee beans, equipment, and packaging materials at the COEX Convention & Exhibition Center located in Gangnam District, the fashion and finance hub of Seoul. According to data released by the Korea Agro-Fisheries & Food
March 22, 2024 -
S. Korean power supplier joins UAE's 1.5 gigawatt-class solar power infrastructure project
SEOUL, March 22 (AJU PRESS) -- Korea Western Power, a power supplier in South Korea, has partnered with Électricité de France, a Paris-based state electric utility company, to build a 1.5 gigawatt solar power generation infrastructure in the United Arab Emirates. The construction of the solar power facilities will be completed in 2027 and operated for 30 years. Korea Western Power (KOWEPO) signed an agreement with Électricité de France (EDF) to establis
March 22, 2024 -
LG Chem to supply reverse osmosis membranes to world's largest fertilizer production site in Morocco
SEOUL, March 21 (AJU PRESS) -- South Korea's LG Chem will supply about 18,000 reverse osmosis membranes to the world's largest fertilizer production site in Morocco. The industrial complex operated by Morocco's state fertilizer producer, OCP Group, will incorporate LG Chem's components to desalinate water necessary for fertilizer production as well as for providing potable water to around 1.5 million residents in the nearby area. Reverse osmosis (RO) is used to rem
March 21, 2024 -
Affordable private brand products garner popularity at GS25 stores
SEOUL, March 21 (AJU PRESS) -- Private brand products, designed to attract consumers who seek products with more affordable prices, are garnering popularity at "GS25" convenience stores, operated by GS Retail. The convenience store operator analyzed the popularity attributed to consumer demands for cheap and high-quality products. Private brand (PB) products are affordable items that were created by benchmarking popular or bestselling products. Companies normally provid
March 21, 2024 -
Naver ranked third-most innovative company in Asia-Pacific region
SEOUL, March 21 (AJU PRESS) -- South Korea's web service giant Naver has been recognized by the prominent American business news magazine "Fast Company" as the third-most innovative company in the Asia-Pacific region among 606 companies. The business news outlet highlighted "CLOVA X," an artificial intelligence solution that understands and generates human-like conversations in text. In Fast Company's 2024 ranking of the most innovative Asia-Pacific co
March 21, 2024 -
S. Korean instant noodles Ramyeon hits highest-ever exports of $93 mln in February 2024
SEOUL, March 21 (AJU PRESS) -- Exports of South Korean instant noodles, known as Ramyeon, reached a record high of $93 million in February 2024, up 31.5 percent from the same period a year ago. The surge in popularity of South Korean instant noodles can be attributed to the global recognition of South Korean cultural content, including K-pop, films, and dramas. According to data released by South Korea's customs office, Ramyeon exports totaled $93 million in February of this y
March 21, 2024 -
S. Korean food maker Nongshim partners with agriculture ministry to help young farmers
SEOUL -- Nongshim, a major South Korean food company recognized globally mainly for its popular instant noodle and snack products, has partnered with an agricultural information service agency operated by the agriculture ministry to provide support for young farmers who plan to build up their professional farming careers. South Korea's farming sector is heavily affected by the country's rapidly aging phenomenon. Farming villages are being depopulated due to young people leav
March 20, 2024
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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US political turmoil reflects our wider society – in 2024 and earlier elections
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Life expectancy in South Korea decreases for first time since 2000
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Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
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Lotte Rental achieves 'Baa3' credit rating from Moody's