South Korea’s Celltrion said Friday that it had tapped Baxter BioPharma Solutions as its new contract manufacturing partner for Remsima in a move to cover growing demand and ensure stable supplies in the US.Under the new CMO agreement, the US-based biopharma company will produce Celltrion’s Remsima in the form of finished drugs. Celltrion’s headquarters in Songdo, Incheon (Park Hyun-koo/The Korea Herald)Remsima is Celltrion’s biosimilar drug referencing Johnson & Johnson’s autoimmune disease tre

Industry Nov. 3, 2017

GS Group Chairman Huh Chang-soo and affiliate CEOs visited India to discuss the group‘s business strategies overseas, the group said Thursday. Starting in 2011, GS Group has been holding overseas meetings as a means to find future growth engines outside of Korea. This year, GS Group decided to hold meetings in India where the group aims to increase its footing down the road.  GS Group Chairman Huh Chang-soo (center) visits HomeShop18, an Indian on-air shopping channel that GS Group has a 15 perc

Industry Nov. 2, 2017

A consortium led by Hanwha General Chemical has been selected as a preferred bidder by the Korea Rural Community Corporation to build a 100-megawatt floating solar power plant in Dangjin, South Chungcheong Province, Hanwha Group said Thursday. The construction of the floating solar power farm is expected to start in 2019 after a series of licensing procedures and begin operations in 2020, Hanwha Group said. The consortium of Hanwha General Chemical and Korea Midland Power will be responsible for

Industry Nov. 2, 2017

Town Life, a utility vehicle business unit owned by the Lamborghini family, is looking to use LG Chemical’s batteries for its new electric vehicles, the Italian carmaker‘s local partner company in Korea said Wednesday.“The company is thinking of using LG batteries for an electric version of Town Life vehicle model,” said Harrison Lee, Green Power Circuit Corporation Korea CFO.  Town Life Chairman Ferruccio Lamborghini introduced Town Life's new electric motorcycle Tuesday at a press conference h

Industry Nov. 1, 2017

South Korean food manufacturer and distributor SPC Group will add three more Paris Baguette branches at Singapore Changi Airport, the company said Wednesday.The three bakery-cafe branches will be located at newly built Terminal No.4, which has been designed to cover 16 million passenger movements a year. The terminal was opened to the public Tuesday.  (SPC Group)Singapore Changi Airport annually handles some 52 million passengers as of last year, listed as the world’s sixth-busiest airport in te

Industry Nov. 1, 2017

Town Life, a utility vehicle business unit owned by the Lamborghini family, introduced its new electric motorcycle model Iso Moto Ferruccio Lamborghini in Korea on Tuesday.Town Life and its co-developer Green Power Circuit Corporation Korea will begin commercial sales of the electric motorcycle in Korea within this year, Town Life Chairman Ferruccio Lamborghini said during the press conference.  Town Life Chairman Ferruccio Lamborghini (right) introduces Town Life's new electric motorcycle Tuesd

Mobility Oct. 31, 2017

SK Planet‘s online shopping platform 11st has upgraded its online shopping platform for overseas customers, the company said Tuesday. Available in both English and Chinese, the newly launched 11st Global gives overseas shoppers access to a wider range of products listed by Korean sellers.  (SK Planet)The renewed website allows customers to combine multiple orders into the same parcel, according to the company. Overseas customers can also choose payment options including PayPal and Alipay, it add

Industry Oct. 31, 2017

CJ Healthcare opened a research center that will specifically focus on developing hangover cures, the company said Monday. With the newly opened research center, the pharmaceutical unit of Korea‘s CJ Group aims to invest more resources into the business, the company explained. (CJ Healthcare)CJ Healthcare currently plans to roll out a premium hangover cure product next month while developing new ingredients that can relieve hangover symptoms. CJ Healthcare commercialized the nation’s first hango

Industry Oct. 30, 2017

S-Oil joined last week’s events to mark the 55th anniversary of diplomatic ties between South Korea and Saudi Arabia and the direction of further cooperation, with a cultural event on the Han River on Saturday.Sponsored by S-Oil, the Embassy of the Kingdom of Saudi Arabia hosted the event at Chevit under the theme of “As-Salamu Alaikum,” meaning “peace be with you.” The event offered a taste of Saudi cuisine, costumes, henna tattoos, Arabic calligraphy and Arabic carpets, among other things. “Th

Industry Oct. 29, 2017

Amorepacific and LG Household and Health Care are vying for the top spot in the herbal cosmetics segment, market data showed Sunday. According to data collected by the Korea Customs Services, sales of Amorepacific‘s Sulwhasoo and LG Household and Health Care’s the History of Whoo both passed 1 trillion won ($890 million) in the third quarter this year.  (Yonhap)While Amorepacific highlights its Sulwhasoo was the first to exceed 1 trillion won in sales, LG underscores sales of Whoo at duty-free s

Industry Oct. 29, 2017

Hyundai Motor representatives and Korean government officials on Thursday held an inauguration ceremony for its new hydrogen-powered bus. Hyundai Motor will give its new hydrogen fuel cell buses a first test in Ulsan early next year after going through government authentication procedures. If approved, Hyundai Motor will become the first company to deploy a hydrogen bus in a commercial bus line. (Hyundai Motor)

Mobility Oct. 26, 2017

Korean E-commerce firm Coupang has become an exclusive carrier of pet products that feature French cartoon characters Gaspard and Lisa, the company said Thursday. Gaspard and Lisa are globally renowned fictional characters from a series of picture books created by a French couple, story writer Anne Gutman and illustrator Georg Hallensleben. The characters are introduced through books and a television show. A promotional image for Coupang’s pet products featuring French cartoon characters Gaspard

Industry Oct. 26, 2017

Hyundai Motor Group will invest $5 million in a US-based vehicle research center, the company said Wednesday.The Korean carmaker’s research and development unit, Hyundai America Technical Center Inc., signed a long-term partnership agreement with the American Center for Mobility on Tuesday, local time, it said.  Andy Freels (left), president of the Hyundai America Technical Center, and John Maddox, president and CEO of the American Center for Mobility, shake hands after signing a partnership agr

Industry Oct. 25, 2017

Storage efficiency sets apart Renault Samsung’s New QM3 from other small sport utility vehicles, the company said Wednesday in its promotion of the urban crossover.The vehicle’s boot capacity can reach up to 1,235 liters when its adjustable seats are fully folded, according to the firm. The new model’s trunk has up to 455 liters of space when the seats are pushed forward, 78 liters more than the previous model.  Renault Samsung’s New QM3’s boot space (Renault Samsung)Renault Samsung’s New QM3 al

Mobility Oct. 25, 2017

German luxury car brand BMW’s sales unit in Korea is moving to upgrade dealership spaces to offer customers hands-on experience with the brand’s products.BMW Korea currently operates two BMW MINI City Lounges in the country. The German carmaker’s showrooms allow customers to check out both BMW and MINI vehicles, as well as the brands’ products, the company said. A customer experiences a BMW vehicle using virtual technology at BMW MINI City Lounge at Starfield Hanam (BMW Korea)“Customers will be

Industry Oct. 24, 2017