South Korean bakery giant SPC Group announced Monday that it has nominated Executive Managing Director Lim Byung-sun as its new CEO. Lim, a business management specialist, has previously served as an executive at Shinsegae Group and its affiliates, including Shinsegae Casa and its department stores. SPC is set to appoint Lim as CEO by the end of this week. Lim will manage the group's business sectors including human resources, legal, corporate relations, compliance and public relations. Lim

Industry Oct. 14, 2024

Korean logistics company LX Pantos announced Thursday that its CEO Lee Yong-ho met with Marat Karabaev, Kazakhstan’s minister of industry and infrastructure development, in Astana last month, to strengthen logistics networks across Central Asia. According to the company, the consultation centered on enhancing cooperation on cargo transport along the Trans-Caspian International Transport Route. The TITR links Europe and Central Asia via the Caspian Sea, bypassing Russian territorial waters.

Industry Oct. 10, 2024

Korean travel platform operator Yanolja said Tuesday that it is ramping up global efforts to enhance its artificial intelligence-based travel solutions by securing extensive travel data. Its data solutions affiliate Yanolja Cloud Solution has recently relocated its headquarters to an information technology hub in Surat, India, to recruit local tech talent and advance its travel solutions. The decision comes as the Indian unit plays a key role in collecting travel data from numerous transactions

Industry Oct. 8, 2024

South Korea's leading contract development and manufacturing organization Samsung Biologics said Monday it will participate in Europe’s largest bio conference, the Convention on Pharmaceutical Ingredients Worldwide 2024. The CPHI, one of the biggest bio conferences, is held annually in major European markets. This year, it takes place in Milan from Tuesday to Thursday, with over 2,400 companies from 166 countries and 62,000 attendees expected to join. Samsung has been setting up its e

Industry Oct. 7, 2024

McDonald's Korea said Sunday that it has received a commendation from the Ministry of Health and Welfare for its ongoing efforts to improve job security for senior citizens. The award ceremony was held Wednesday in Seoul to mark the 28th National Day of Older Persons here. The hamburger chain has established “inclusivity” as one of its core corporate values, aiming to promote diversity and equal opportunities. Since 2011, in particular, the company has developed jobs specificall

Industry Oct. 6, 2024

Serenity Golf and Resort said Monday that it will serve as a venue for the second annual junior golf tournament, Seri Pak & Annika Invitational Asia, in Cheongju, North Chungcheong Province, from Oct.1 to 3. Aiming to nurture young talent, the event is jointly organized by the Seri Pak Hope Foundation and the Annika Foundation with support from the Royal and Ancient and the Korea Golf Association. The 78 participants, aged 13 to 18, include top Asian players from the World Amateur Golf Ranki

Industry Sept. 30, 2024

South Korean energy, retail and construction giant GS Group said Friday it hosted its GenAI Connect Day workshop at its Yeoksam headquarters to share global trends in artificial intelligence. The event was jointly organized with LlamaIndex, a San Francisco-based company specializing in AI services for large language model applications. In Silicon Valley, LlamaIndex is acknowledged as one of the key innovators in the generative AI industry. Pierre-Loic Doulcet, founding engineer of LlamaIndex, an

Industry Sept. 27, 2024

South Korean steel giant Posco Group said Friday that it hosted two work camps for university students in North Gyeongsang Province and South Jeolla Province from July to August. The company annually recruits university students for its volunteer group, called Beyond. This year, 50 students from 40 Korean universities worked in various voluntary activities to address environmental and social issues. In July, the volunteers planted 400 magnolia seedlings at Baekdudaegan National Arboretum, creati

Industry Sept. 27, 2024

Posco International, the trading and energy arm of Posco Group, said Thursday that it has signed a memorandum of understanding with the East Asian-Australasian Flyway Partnership to join forces for biodiversity. Under the agreement signed Wednesday at the Songdo Posco Tower in Incheon, Posco will partner with the EAAFP to carry out projects that preserve domestic and foreign habitats of black-faced spoonbills. EAAFP, established in 2006, is an international organization dedicated to the conserva

Industry Sept. 26, 2024

The Citi Foundation, affiliated with Citibank Korea, announced Wednesday it has chosen Habitat for Humanity Korea as a recipient of the 2024 Global Innovation Challenge, which supports solutions that combat homelessness. Habitat for Humanity Korea, one of the recipient 50 community organizations worldwide, will receive $500,000 in catalytic funding. In total, the Citi Foundation will donate $25 million to address the global issue. “Since launching the inaugural Global Innovation Challenge

Industry Sept. 25, 2024

South Korea’s top battery-maker LG Energy Solution has unveiled a new brand for its battery management total solutions, dubbed B.around. The brand name aligns with the company’s corporate slogan, “Be around your side,” signifying its continuous commitment to partners and customers. The company explained that the name reflects its advanced battery management total solutions technology, which monitors battery conditions in real time to handle any kind of situation. As safet

Industry Sept. 25, 2024

South Korean bakery giant SPC Group said Tuesday it hosted a conference in Prague last week to explore strategies for expanding its global business in Europe. SPC Group held the Paris Baguette Europe Conference in the Czech capital on Thursday and Friday. Chairman Hur Jin-soo and Jack F. Moran, head of SPC's European operations, put their heads together for ways to penetrate the Eastern European market. On the first day, Hur met with CzechInvest CEO Jan Michal to discuss investment strategi

Industry Sept. 24, 2024

Standard Chartered Bank Korea said Tuesday that it launched a new savings account offering eligible customers a special annual interest rate of up to 4 percent. The name of the product, Hi account, reflects both a greeting to new customers and the promise of a high interest rate. The account adds a maximum of 3.9 percentage points to the base rate of 0.1 percent. For up to one year from the account opening, new SC Bank customers can get an additional interest rate ranging from 2.4 to 3.4 percent

Industry Sept. 24, 2024

Yanolja Cloud, a South Korean provider of AI-based Software as a Service solutions, announced on Monday the appointment of Moon Byung-deok as its new chief financial officer. Moon, a seasoned financial expert, previously offered accounting audit and financial advice to both domestic and overseas companies at Samil PricewaterhouseCoopers. Since joining Yanolija in 2021, Moon has served as its chief accounting officer in charge of managing business and tax accounting. As it has been rapidly expand

Industry Sept. 23, 2024

South Korean biotech firm SK Bioscience said Friday it hosted a topping-out ceremony at the construction site of its Global Research and Process Development Center in Songdo, Incheon, Monday. In 2021, SK Bioscience signed a land contract with the Incheon Free Economic Zone authority to acquire part of the Incheon Technopark Expansion Complex. The company has invested 325.7 billion won ($244 million) in building the Global R&PD Center. With the project, SK plans to relocate its headquarters a

Industry Sept. 13, 2024