SK Group is looking to bolster its core businesses and seek new growth by actively pursuing global expansion in partnerships with major companies from around the world. Faced with unfavorable market conditions and stagnant growth, SK has pledged to overcome such economic hurdles by stepping up its efforts to widen its presence in overseas markets this year.Participants celebrate the completion of SABIC SK Nexlene’s new polyethylene plant in a ceremony at the plant site in Ulsan on Wednesday. Fr

Industry Oct. 19, 2015

　SK Group has been stepping up its efforts to support the growth of new venture firms in the field of information and communications technology as part of its aim to support South Korea’s ongoing drive to establish a creative economy.　In collaboration with the Ministry of Science, ICT and Future Planning, the group operates two provincial Creative Economy Innovation Centers, one in Daejeon and another in Sejong.Venture firms participating in SK’s Dream Venture Star program at the Daejeon Creativ

Industry Oct. 19, 2015

　When the patent for U.S.-based Eli Lilly’s blockbuster erectile dysfunction treatment drug Cialis (tadalafil) expired in South Korea early last month, 60 domestic pharmaceutical companies immediately rolled out more than 150 cheaper, generic copies of the drug.　About a month has since passed, and data shows that generics launched by Hanmi Pharmaceutical and Chong Kun Dang Pharm have risen above their competition to take the lead in the segment, shaking up the market previously dominated by Cial

Industry Oct. 18, 2015

AMORE BREAST CANCER AWARENESS CAMPAIGN — AmorePacific, in partnership with the Korea Breast Cancer Foundation, kicked off the 2015 Pink Ribbon Love Seoul Marathon in western Seoul on Sunday. Attended by some 10,000 participants this year, the event aims to spread awareness on breast cancer -- the most common form of cancer among women -- and raise funds for low-income breast cancer patients. (AmorePacific)

Industry Oct. 18, 2015

　Lotte Chemical, the petrochemicals manufacturing unit of South Korea’s Lotte Group, is seeking to expand its global business as production begins at its newly-established gas field and chemical complex in Surgil, Uzbekistan.　“Based on our success in Uzbekistan, we will continue to expand our ongoing businesses at home and abroad to rise up as a global petrochemicals company,” said Lotte Chemical CEO Huh Soo-young at a news conference in Seoul Thursday to mark the completion of the new plant.Lot

Industry Oct. 15, 2015

　CJ Cheil Jedang’s online foods store CJ ONMart is looking to target overseas customers in China by launching a Chinese version of its store.　The website, which kicked off on Oct. 10, has put forward CJ’s best-selling products in the beauty, skin care and health categories -- such as Inner B, Defat and BYO Skin Lactobacillus CJLP-133 -- which have been enjoying high popularity among the Chinese.　CJ said it plans to first promote its service with these flagship products and later expand its produ

Industry Oct. 15, 2015

　Pulmuone Health & Living, a subsidiary of South Korea’s fresh foods giant Pulmuone, has joined hands with German kitchenware brand Oranier to launch a series of new pots.　The Oranier Dillenburg series includes four differently sized pots made with the firm’s “core copper” technology which delivers heat evenly to the entire surface of the pots. 　The pots have been finished with SUS316, a durable, and safe stainless steel that does not corrode easily under heat or salt. It also excludes a steam h

Industry Oct. 15, 2015

　Nike is launching its flagship Nike+ Run Club program, aimed at offering continued expert running guidance and training sessions to runners around the world, in Seoul, South Korea on Oct. 24.　The service program is aimed at offering detailed coaching session tailored for every runner with differing running goals and athletic abilities. 　A variety of programs including the “Ready-Set-Go Run” for beginners, the “Speed Run” and “Long Run” for endurance running as well as the “Local Run” and “Home

Industry Oct. 15, 2015

　Uniqlo has joined hands with Disney to introduce a limited edition Mickey Mouse doll made with materials that go into making its flagship fleece and flannel products.　The doll was born as part of the “Magic for All” collaborative project between Disney and Uniqlo. Since 2009, Uniqlo has been introducing a variety of clothes designed in partnership with Disney.　In addition to the Mickey Mouse doll, the clothing brand is featuring Disney characters on a number of its best-selling products, includ

Industry Oct. 15, 2015

　Steve Madden, a New York-based footwear brand, has introduced an upgraded version of its bestselling Troopa boots for this year’s fall and winter season.　The Troopa 2.0 boots have been designed with a looser fit, a rounder frontal design and a chunkier rugged sole, in comparison to the regular model as a more casual rendition of the brand’s signature boots.　Like the regular model, the upgraded boots can be laced up all the way or tied down low for a looser fit around the ankle, for a different

Industry Oct. 15, 2015

　Beanpole, Samsung C&T’s fashion unit, has introduced the “Gadget Down,” a down jacket with adjustable sleeves for the Fall/Winter season. 　　Beanpole said it developed the padded jacket -- with sleeves that can be adjusted by up to 4 centimeters in length -- for children who tend to quickly grow out of their sizes.　The jacket, designed with Beanpole Kids’ classic features, has been made with flexible and stretchable material to increase mobility and is filled with goose down feathers for warmth.

Industry Oct. 15, 2015

　McDonald’s coffee brand McCafe has newly launched the “caramel macchiato,” a coffee drink made by mixing espresso with milk and caramel.　The new drink comes in three sizes -- small, medium and large -- and is available in hot and ice types. Prices range from 2,400 won ($2.10) to 3,400 won. 　In addition to the new drink, McDonald’s plans to begin offering a large-sized version of its existing drinks in a move to diversify its customer choices.　“Our McCafe menu has been widened to meet the changi

Industry Oct. 15, 2015

　Hyundai Motor, Korea’s largest automaker, is looking to pursue shared growth with its suppliers and partners through its annual R&D tech festival, taking place at the company’s Namyang R&D Center until Saturday.　The event, which kicked off Wednesday at the center in Hwaseong, Gyeonggi Province, is a forum for showcasing, analyzing and sharing insights on the latest auto component technologies and trends in the automobile industry, according to Hyundai.Visitors to this year’s Hyundai Motor R&D M

Mobility Oct. 14, 2015

LG BEEFS UP BUSINESS FOR VEHICLE PARTS -- LG Electronics said Tuesday it had earned the ISO 22301 standardization certification, which recognizes the ability to keep operating in emergent situations including natural disasters and accidents. (LGE)

Technology Oct. 13, 2015

NEXUS 5X READY TO DEBUT IN KOREA -- South Korea’s major mobile carriers -- KT, LG Uplus and SK Telecom -- started receiving preorders for Google’s Nexus 5X smartphone Tuesday. The Google phone manufactured by LG Electronics is fitted with the latest version of the Internet giant’s Android 6.0 Marshmallow operating system and a fingerprint sensor. (KT)

Technology Oct. 13, 2015