South Korean energy, retail and construction conglomerate GS Group announced Thursday that it has officially launched the GS Cultural Foundation, a move aimed at enriching the nation's cultural and artistic landscape. Chaired by GS Group Chairman Huh Tae-soo, the board comprises prominent figures including Kang Sue-jin, artistic director of the Korean National Ballet, Eugene H J Bang, former head of DBS Bank Korea, Rha Wan-bae, former vice chairman of GS Energy, and Lee Joon-myung, an attor

Industry Aug. 29, 2024

LG Chem, South Korea’s leading chemicals company, announced on Thursday the official opening of its new Customer Solution Center in Ravenna, Ohio, as part of its strategy to expand its presence in North America. The 8,300-square-meter, three-story facility is designed to provide comprehensive technical support to customers across the region, including product development, quality enhancement and productivity enhancement for LG Chem’s customers and suppliers. The center, which began c

Industry Aug. 29, 2024

South Korean beauty tech company APR, known for its Medicube brand, announced Wednesday that it has signed a supply agreement with The TJX Companies, a global retail giant operating nearly 5,000 stores across nine countries, including the United States and Canada. With this agreement, Medicube's popular skin care products and AGE-R beauty devices will now be available in TJX-owned stores like TJ Maxx and Marshalls, both well-established names in the North American retail landscape. The prod

Companies Aug. 28, 2024

South Korean biotech company GI Innovation announced Monday a new partnership with Merck Sharp & Dohme, a subsidiary of pharmaceutical company Merck & Co., to test its drug GI-102 in combination with MSD’s anti-PD-1 therapy Keytruda (pembrolizumab) for treating patients with immunotherapy-resistant liver cancer, melanoma and renal cell carcinoma. This marks GI Innovation’s second collaboration with MSD, building on their earlier work for GI-101A. The trial will specifically t

Companies Aug. 26, 2024

South Korean biopharmaceutical firm Celltrion announced Monday that it has received the European Commission’s final approval for Steqeyma, a Stelara (ustekinumab) biosimilar used to treat various autoimmune conditions. Steqeyma, or CT-P43, has been approved for use in all indications of reference product Stelara, including plaque psoriasis, psoriatic arthritis and Crohn's disease, following recent approvals in Korea and Canada in June and July, respectively. According to market resear

Companies Aug. 26, 2024

Hyundai Steel, Korea’s second-largest steelmaker, is moving to target the global low-emission steel market amid increasing demand from carmakers moving toward net zero emissions. Hyundai Steel recently signed a memorandum of understanding to supply low-emission steel plates to Tawesco, a leading Czech auto parts manufacturer, and Eusider, an Italian firm specializing in automotive steel plate processing. Both companies supply major European automakers, such as Volkswagen and Stellantis, an

Industry Aug. 25, 2024

LG Chem is leading the nation's growth hormone market with its award-winning mobile app, EuDi. According to the company, EuDi won the iF Design Award 2024 in the user experience category in March. It was the only pharmaceutical company to win the honor among 521 winners since 2021, in an arena traditionally dominated by consumer electronics, telecoms and automotive sectors. Launched in 2019, the EuDi app was designed to streamline daily injections for children and their caregivers. The app

Technology Aug. 22, 2024

The inaugural Automation World Vietnam, a trade show dedicated to smart factory solutions and automation, will be held in Binh Duong Province, north of Vietnam's Ho Chi Minh City, from Sept. 25 to 27, event host Coex said Wednesday. The upcoming event will be the first Automation World expo held outside Korea. AW, hosted by Coex, which operates a convention center under the same name in Seoul, is one of the largest gatherings of the smart factory industry. The Seoul event in March this year

Technology Aug. 21, 2024

South Korean cosmetic giant Amorepacific announced Tuesday that its high-end beauty brand Hera has entered the Thai market. Hera opened its first store in Central Chidlom, a stylish 7-story department store in Bangkok, earlier this month. Over 200 guests, including media representatives and influencers, were invited to celebrate the debut at an event that also introduced the brand’s signature makeup and beauty routines. Alongside the store opening, Hera hosted a pop-up event at Central Chi

Companies Aug. 20, 2024

South Korean biopharmaceutical firm Celltrion Pharm unveiled Monday a new vision to become one of South Korea’s top five pharmaceutical companies by 2023. Under Vision 2030, Celltrion Pharm said the company aims to make a quantum leap by enhancing its core business strengths and implementing differentiated growth strategies across its manufacturing, research and sales divisions. Celltrion plans to boost production at its Cheongju plant, which holds Good Manufacturing Practice certification

Companies Aug. 19, 2024