Daewoong Pharmaceutical said Friday it has signed a contract with Russian pharmaceutical company JSC Pharmasyntez to export Envlo, an SGLT-2 inhibitor for diabetes treatment developed by the South Korean pharmaceutical company, to five member countries of the Commonwealth of Independent States, including Russia. Under the agreement, Daewoong Pharmaceutical will supply its SGLT-2 inhibitor to Kazakhstan, Uzbekistan, Belarus, Azerbaijan and Armenia, as well as Russia, once JCS Pharmasyntez compl

Companies Dec. 1, 2023

The Korea International Trade Association held the Korea Grand Sourcing Fair 2023 at Coex in southern Seoul on Wednesday and Thursday as part of its efforts to help domestic exporters enter overseas markets. According to KITA, this year’s event was attended by 152 buyers from 26 countries, who conducted more than 2,300 consultations with nearly 800 Korean companies. In particular, the proportion of buyers from the US, Vietnam, India, China and Japan, all key export markets, made up more th

Industry Nov. 30, 2023

Hyundai Elevator has joined hands with Erbud, the third-largest constructor in Poland, to cooperate on a reconstruction project in Ukraine, the Korean company said Wednesday. Hyundai Elevator and Erbud signed a memorandum of understanding in Warsaw, Poland, on Tuesday. The signing ceremony was attended by Hyundai Elevator’s Managing Director of Global Sales Division Cho Cheol-ho, Erbud’s Vice President Jacek Leczkowski and other company officials. Erbud specializes in commercial and

Industry Nov. 29, 2023

South Korean liquor giant HiteJinro said Tuesday it is expanding its distribution network of soju products in the UK as part of efforts to strengthen its market presence in Europe. Since last week, HiteJinro has started selling its Jinro Green Grape Soju and Jinro Peach Soju at 88 Sainsbury's stores and via online shopping portals, including Sainsbury's Online and Ocado, the company said. According to HiteJinro, the company's distilled spirit exports to the UK have been increasing

Market Nov. 28, 2023

The Korean Intellectual Property Office has moved to strength relations with authorities in the Middle East to pursue cooperation in intellectual property fields, ranging from manpower training to patent information utilization. According to the KIPO, its commissioner, Lee Insil, held a series of meetings with her Middle Eastern counterparts during an official visit to the United Arab Emirates and Saudi Arabia on Oct. 20-22. Lee and Abdulla Al Saleh, the UAE's undersecretary for the Economy

Industry Nov. 28, 2023

Director Ryoo Seung-wan’s blockbuster “Smugglers” on Friday won best picture at the 44th Blue Dragon Film Awards, a prestigious film awards show in South Korea. The 130-minute crime action film tells the story of a group of “haenyeo”-- female divers from Jeju Island -- who become involved in illegal smuggling to make ends meet. “Smugglers” secured an additional three trophies, including best supporting actor for Zo In-sung, best new actress for Go Min-

Film Nov. 26, 2023

Enjoy luminous night view at Seokchon Lake With the days getting shorter, more light festivals illuminating the long dark nights of winter are on their way. Seokchon Lake -- a popular destination for watching cherry blossoms in spring --- in Jamsil, southeastern Seoul, seeks to become a beautiful night view spot. The lake’s 4.17-kilometer circular walking trail is decorated with various lamps, lanterns and media art, entertaining those who stop by. While strolling along the path, you can s

Culture Nov. 24, 2023

Westin Josun Seoul presents ‘Warner Bros-themed’ package Westin Josun Seoul is offering the “J & Warner Bros. 100th Anniversary Celebration” package until Feb. 29. The package covers one night’s stay and two complimentary tickets for the “Warner Bros. 100th: Celebrating Every Story” exhibition at the DDP in central Seoul. The exhibition features special goods featuring the film production company’s symbolic movie works such as the Harry Potter

Food Nov. 24, 2023

Convenience food ruled at 2023 Coex Food Week, an expo that focuses on the food industry as well as culture and trends in South Korea. While dedicated to promoting business-to-business opportunities, the food expo is also open to the public. This year, it kicked off Wednesday and runs through Saturday at Coex in southern Seoul. On Wednesday, visitors flocked to booths offering free samples. Perennial favorites included tteokbokki, dakbal, or fried chicken feet, dumplings and pizza. Convenience w

Food Nov. 23, 2023

Nakwon Tteok House, a rice cake store in Nakwon-dong in Jongno-gu, central Seoul, traces its roots back to the waning years of the Joseon era (1392-1910). The story of Nakwon Tteok House begins with Go I-ppo, who sold rice cakes as a street vendor after learning to make tteok from the court ladies of nearby palace Changdeokgung. Go's rice cake business continued with her daughter Kim In-dong, who was born in 1919. After the 1950-1953 Korean War, Kim moved the business to its current locatio

Culture Nov. 20, 2023

Candidates who completed this year's college entrance exam in South Korea, known as Suneung, on Thursday, will be given free entry and discounts for special exhibitions and cultural performances, the Ministry of Culture, Sports and Tourism announced Friday. The Seoul Arts Center is offering a half-price discount for the "SAC Saturday Concert" and "SAC Heart Classic Concert with KT," scheduled for Saturday and Nov. 24, respectively. Discounted tickets can be purchased o

Culture Nov. 18, 2023

Fuerza Bruta Wayra, the renowned Argentinian theater production known for its captivating dance performances and circus-like acrobatics, has made its return to Seoul. The show is set for its first run on Friday and will continue until Feb. 15. This marks the fourth appearance of the Argentinian spectacle in Korea, following its previous presentations in 2005, 2018 and 2019. The show means "brutal force" in Spanish, and its signature "360-degree performance" uses not only the

Performance Nov. 17, 2023

South Korea has been elected to the executive board of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for a four-year term from 2023 to 2027, the Foreign Ministry announced Thursday. The country's election to the 58-member body for the 2023-2027 term took place during the 42nd session of the general conference held at UNESCO headquarters in Paris, Wednesday. South Korea joined UNESCO in 1950 and has served as an executive board member nine times since its firs

Culture Nov. 17, 2023

Cozy, warm tearoom in Huam-dong For imbibers of among the oldest aromatic beverages, a cozy and quiet place to enjoy afternoon tea time can be found in Huam-dong in Yongsan, central Seoul. TeaRoom Rossetti is a small, friendly place where the owner offers freshly baked scones with clotted cream and strawberry jam. Try the afternoon tea set that includes hand-made sandwiches, scones with clotted cream and madeleines served for at least two people. If you plan to visit alone, the tearoom has an

Culture Nov. 17, 2023

Four Seasons Hotel to showcase special cocktails Four Seasons Hotel’s bar OUL will offer special cocktails from Nov. 22 to Jan 6. The bar will present ‘Bang 98’ featuring French 75, Korean spirits, Yakult, a sweetened probiotic milk beverage, and yuzu punch. “1872 Dalgona” and “Berry Danish” will also be available. “1872 Dalgona” is an eggnog infused with Korean rum, oak-aged soju and rice wine. “Berry Danish” is a milk punch cock

Food Nov. 17, 2023