Shen Minjuan Appointed as New Head of Asia Division at China's Foreign Ministry
Shen Minjuan has been appointed as the new head of the Asia Division at China's Foreign Ministry.According to the Foreign Ministry on July 30, Shen succeeds Liu Jinsong, who previously held the position.Born in 1972, Shen has served as a counselor at the Chinese Embassy in Indonesia and as deputy director of the Asia Division at the Foreign Ministry. Since October 2023, she has been the Chinese Ambassador to Mongolia. The Chinese Embassy in Mongolia announced that a farewell ceremony for the amb
20th Cheorwon Hwagang Snail Festival Completes Safety Inspections Ahead of Opening
Cheorwon County conducted safety inspections in collaboration with the Ministry of the Interior and Safety ahead of the 20th Cheorwon Hwagang Snail Festival, which opens on July 30. As a popular summer water festival, the focus was on water safety, crowd management, and emergency response systems to ensure a safe event.On July 29, officials from the Ministry of the Interior and Safety, Gangwon Special Self-Governing Province, Cheorwon County, Cheorwon Police Station, Cheorwon Fire Station, the 3
LG Energy Solution Reports 77% Drop in Q2 Operating Profit Without Subsidies
LG Energy Solution successfully transitioned to profitability in the second quarter of this year compared to the previous quarter; however, it remains in the red when excluding North American production subsidies. Despite growth in revenue and a return to profit, the company still faces challenges in restoring profitability in its core operations.On July 30, LG Energy Solution announced that its consolidated operating profit for the second quarter was 113.3 billion won, a 77% decrease from the s
HD Hyundai to Share Expertise in Building and Operating Shipyards in the U.S.
HD Hyundai is set to embark on a significant shipyard modernization project in the United States.HD Korean Shipbuilding & Marine Engineering, a mid-holding company of HD Hyundai's shipbuilding division, announced on July 30 that it has signed a memorandum of understanding (MOU) with Fraser Industries to collaborate on modernizing shipyards as part of the revival of the U.S. shipbuilding industry.The signing ceremony, held in Washington, D.C., was attended by key executives from both companies, i
BTS Declares Boycott of 2027 Grammy Awards Amid Controversy
South Korean group BTS has announced that it will not submit entries for the 2027 Grammy Awards, sparking controversy over the Recording Academy's response. Some fans have expressed outrage after noticing that certain BTS performance videos were removed from the Grammy's official YouTube channel following the boycott announcement.However, high-view count performance videos uploaded on BTS's official channels remain available.On July 29, all members of BTS shared a statement on their Instagram ac
Hyangji Restructures Real Estate Assets to Boost Senior Tech Investments
Hyangji Fashion Group is restructuring its major real estate assets in Songdo and Busan to secure investment funds and foster future growth in senior tech and other emerging sectors.On July 30, Hyangji announced its plans for a strategic rebalancing of its real estate holdings. The company aims to enhance the utilization of non-core assets to increase cash liquidity, which will be redirected into new business ventures.The rebalancing includes the Hyangji Global Fashion Complex in Songdo and the
Samsung Electronics: Mobile Sales Expected to Struggle Despite New Product Launches
Samsung Electronics announced during its second-quarter earnings conference call that while smartphone demand has decreased due to a shortage of memory supply, the overall revenue has increased thanks to a rise in premium sales. However, the company noted that rising component costs have led to a decline in business profits.The company projected that smartphone market demand would continue to slow in the second half of the year, resulting in an overall decrease in annual shipments.To overcome th
Chinese GPU Company Cambrian Expects Revenue of 13 Trillion Won by 2028
Chinese artificial intelligence (AI) semiconductor company Cambrian (Hanwuj, 寒武紀) has projected that it will achieve revenue of 13 trillion won by 2028.Cambrian announced its stock option plan through a disclosure on the Shanghai Stock Exchange, revealing its revenue forecast, according to Chinese IT media outlet Kuai Ke Ji on July 30.In the disclosure, Cambrian stated that its revenue for this year is expected to reach at least 13.5 billion yuan, more than double last year's revenue of 6.5 b
Samsung Welstory Confirms Improvements from Blood Sugar Management Program Linked to Cafeteria Meals
Samsung Welstory announced improvements in participants' blood sugar and physical indicators through a blood sugar management program linked to cafeteria meal records and continuous glucose monitoring (CGM) data.The healthcare solution from Samsung Welstory analyzes health data and meal records of cafeteria users to provide customized meal plans and coaching. Since its introduction in 2024 as a weight loss and strength enhancement program, the solution has expanded and advanced into the blood su
Hyundai Motor Group Hires AI Expert Kwon Jeong-hyun from Samsung Electronics
Hyundai Motor Group has hired Kwon Jeong-hyun, an artificial intelligence (AI) expert from Samsung Electronics and NVIDIA.On July 30, Hyundai Motor Group announced the appointment of Kwon as the head of its AVP Division's Autonomous Driving Development Center. Kwon previously served as a vice president at Samsung Electronics, where he led the development of intelligent robots. Before that, he was recognized as an expert in autonomous driving AI, responsible for software development and productiz