Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Woman gets suspended term for injuring boyfriend with knife
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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HD Hyundai to bolster ties with Saudi Arabia
South Korean shipbuilding and heavy industries conglomerate HD Hyundai is looking to further strengthen its business ties with Saudi Arabia. HD Hyundai Vice Chairman Chung Ki-sun on Wednesday met with two high-ranking officials from Saudi Arabia -- Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and Saudi Industrial Development Fund CEO Sultan Bin Khalid Al Saud -- at the headquarters of HD Hyundai Heavy Industries in Ulsan. Chung was accompanied by HD Hyundai Oilbank CEO
Dec. 13, 2023
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SK Ecoplant completes battery recycling plant in China
South Korean energy and environmental solutions provider SK Ecoplant has completed the construction of a new battery recycling plant in eastern China together with its e-waste recycling subsidiary TES, the company said Wednesday. It comes after SK Ecoplant’s Nanjing subsidiary and the local battery recycling joint venture ZCycle joined forces in April to build a pretreatment facility in Yancheng, Jiangsu province. ZCycle is a joint venture established in 2019, under the partnership between
Dec. 13, 2023
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Samsung C&T to join Oman’s green ammonia project
Samsung C&T, the construction and energy arm of Samsung Group, announced Tuesday that it has won business rights for Oman’s megasized green ammonia project by joining forces with global partners. Samsung C&T has formed a consortium together with Japan’s Marubeni Middle East and Africa Power, Oman’s state-owned oil company OQ Alternative Energy and the United Arab Emirates-based Dutco Group, embarking on the joint development of Oman's green hydrogen plan called &
Dec. 13, 2023
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Hyundai Engineering aims to export Korean-made SMRs
Hyundai Engineering and the Korea Atomic Energy Research Institute on Monday formalized an agreement to export Korean-made small modular reactors internationally, beginning with a project in Canada. Hyundai Engineering CEO Hong Hyeon-sung and KAERI President Joo Han-gyu signed the agreement at the institute's Daejeon headquarters to globally promote Korea’s System-integrated Modular Advanced Reactor, or "Smart." Under this partnership, Hyundai Engineering will spearhead busi
Dec. 13, 2023
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Celltrion's Avastin biosimilar listed on Ventegra's formulary
Celltrion Healthcare, Celltrion Group’s overseas sales unit, announced Tuesday that Vegzelma, Celltrion’s biosimilar referencing Roche's Avastin (bevacizumab), has been listed as a preferred drug on a formulary managed by Ventegra. “Through Ventegra's proprietary formulary program, which covers 13 million members in the US, Vegzelma will be able to increase its share in the US bevacizumab market,” an official from Celltrion Healthcare said. The latest signing be
Dec. 12, 2023
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[KH Explains] How Netherlands has become a top K-food destination
In a surprising but pleasant twist to the global wave of Korean cultural influence, the Netherlands has emerged as a formidable player in its love for Korean instant noodles, kimchi and K-food overall. According to customs data, the Netherlands imported $48.64 million of ramen from Korea in the January-November period this year, becoming the fourth-largest importer in the category, following China, the US and Japan. In a separate report, the country also ranked third in kimchi imports, total
Dec. 12, 2023
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Samsung, ASML agree to build W1tr research fab for chip equipment in Korea
Samsung Electronics and ASML, a Dutch semiconductor equipment supplier, agreed on Tuesday to jointly invest about 1 trillion won ($762 million) to build a research facility in South Korea for the development of "ultra-microscopic" level semiconductor production technology, using next-generation extreme ultraviolet photolithography equipment. SK hynix also forged an agreement with the Dutch firm to collaborate on developing an eco-friendly technology aimed at minimizing energy consumpti
Dec. 12, 2023
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Korea to build cold chain logistics center in Netherlands by 2027
South Korea’s Busan Port Authority will build a cold chain logistics center in the Netherlands by 2027 in order to accelerate food exports to Europe, Seoul’s presidential office said Tuesday. The Busan Port Authority and its Dutch counterpart, the Rotterdam Port Authority, plan to sign a letter of intent on the new facilities upon President Yoon Suk Yeol’s state visit to the Netherlands. Under the agreement, Busan’s port operator will lease a site within the Port of Rotte
Dec. 12, 2023
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SK C&C showcases digital net-zero solutions at COP28
SK Inc. C&C, the IT solutions unit of SK Group, attended the United Nations Climate Change Conference to showcase the South Korean industry’s efforts and technology-based solutions to achieving net-zero emissions, the company said Tuesday. COP28, an annual international conference focused on climate change, wrapped up Tuesday in Dubai, United Arab Emirates. The primary goals of the 13-day summit were to limit global warming to 1.5 degrees Celsius, help vulnerable communities adapt to c
Dec. 12, 2023
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[Photo News] Warmth for foreign workers
Hanwha Ocean said Tuesday that it has handed out neck warmers and earmuffs to some 3,000 foreign employees working at its Geoje shipyard in South Gyeongsang Province. The South Korean shipbuilder has come up with various support measures for its foreign workers, including offering daily guidance books in seven languages and hiring global coordinators to help shipyard workers with everyday communication and safety training. (Hanwha Ocean)
Dec. 12, 2023
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Posco Future M joins top ESG performers in Asia Pacific
Posco Future M, a South Korean producer of battery materials, has newly joined the 2023 Dow Jones Sustainability Indices Asia Pacific Index in recognition of its commitment to sustainability and responsible business practices, the company said Tuesday. The DJSI, published annually by S&P Global, serves as a benchmark for investors globally, evaluating companies based on their economic, environmental, social and governance performance. The inclusion in the Asia Pacific Index positions Posco
Dec. 12, 2023
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Korea Forest Service vows to join global reforestration efforts at COP28
South Korea’s forest agency said Tuesday that it attended the United Nations Climate Change Conference held in the United Arab Emirates, to discuss various ways to ramp up global cooperation on reforestation and carbon reduction. An annual multilateral decision-making forum on climate change marking its 28th edition, this year’s COP28 forum was held in Dubai from Nov. 30 through Tuesday under the theme of “Unite. Act. Deliver.” During the event, the Korea Forest Service
Dec. 12, 2023
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SK donates W12b in year-end charity giving
SK Group, the country's second-largest conglomerate, has donated 12 billion won ($9.11 million) to the Community Chest of Korea in a gesture to help underprivileged people, the group said Tuesday. Despite the challenging economic environment, the conglomerate has maintained its annual tradition of giving that started in 1999. SK’s cumulative donation amount to the local charity organization came in at 234.5 billion won to date. SK Supex Council’s Social Value Committee President
Dec. 12, 2023
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Daewoong, Zydus ink $92m deal to develop generic drug in US
Daewoong Pharmaceutical announced Monday that the company has signed an exclusive licensing agreement with Zydus Worldwide DMCC to co-develop leuprolide acetate for depot suspension, DWJ108U, a generic of AbbVie’s prostate cancer, endometriosis and uterine fibroids treatment, Lupron Depot. Based in the UAE, Zydus Worldwide DMCC is a wholly-owned subsidiary of Zydus Lifesciences, which was also formerly known as Cadila Healthcare Limited. “Together with Zydus, Daewoong Pharmaceutical
Dec. 11, 2023
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China’s Alipay+ posts whopping 700% growth in Korea this year
Alipay+, the cross-border payments solutions run by China's Ant Group, saw phenomenal growth in its usage in Korea this year -- almost a 700 percent jump in the monthly numbers -- with the return of foreign tourists and the expansion of its service among the local stores. Danny Chung, the general manager of Ant Group in Korea, Australia, New Zealand and Mongolia, shared the performance and the company's plans Monday during a roundtable meeting with local journalists held in Seoul. Duri
Dec. 11, 2023
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Korea to set up commission to combat supply chain disruptions
The government said Monday it would establish a commission to coordinate and oversee the country’s policies on critical industrial supply chains by June next year. Together with the Ministry of Foreign Affairs, the Korea Customs Service and the Public Procurement Service, authorities will work to identify risks to supply chains that are highly dependent on specific countries. Each related ministry will operate a supply chain early warning system for materials essential to economic activi
Dec. 11, 2023
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Daewoo E&C chief visits Cambodia for new business opportunities
Daewoo Engineering & Construction said Monday that Chairman Jung Won-ju met with Say Sam Al, the Cambodian minister of land management, to discuss new business opportunities in the Southeast Asian country. Cambodia was the last destination of Jung’s overseas business trip that started last month. During his trip, Jung visited Nigeria, Malaysia, Singapore and Indonesia. “(Daewoo E&C) wants to take the lead in contributing to the betterment of Cambodian people through introduci
Dec. 11, 2023
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Samsung sets out in search of ‘unprecedented’ technology
Samsung Electronics has established new teams devoted to forging new ideas for the future of its smartphones and home appliances businesses, according to the company on Monday. The latest organizational restructuring of the tech giant comes as its chairman, Lee Jae-yong, has emphasized technological development as the key to survival amid growing uncertainties in the global economy. To strengthen its device experience division that oversees the company's mobile devices together with home ap
Dec. 11, 2023
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LG Innotek to showcase mobility, AI tech at CES
LG Innotek said Monday that it will double the size of its exhibition booth compared to last year at the annual CES tech show held in Las Vegas in January to showcase its latest mobility and artificial intelligence technologies. The booth, spanning 330 square meters, will be set up at the entrance of the West Hall, where booths from major global automobile companies are commonly found. Given its location, the booth will be the first to welcome visitors to the tech show, the company added. Alon
Dec. 11, 2023
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S-Oil honors Korea's firefighters
South Korean oil refiner S-Oil on Monday recognized eight firefighters for their heroic rescue efforts, handing out a total of 90 million won ($68,240) in prizes at the awards ceremony in Seoul, as part of the company's ongoing campaign to support the nation's firefighters. The ceremony was co-hosted by the Korea National Council on Social Welfare at 63 Square, near the Han River in Seoul, earlier in the day. Lieutenant Kwon Tae-jin from the Seoul Special Rescue Team was selected as
Dec. 11, 2023