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5G at Winter Olympics

16 March 2015 - 12:15pm

KT will participate in the 1st 2018 PyeongChang Paralympic Day as an official partner. 

The event will be held every year for three years until 2017, in order to attract public interest in the PyeongChang Paralympics. 

KT is planning to allow the disabled, who participate in Paralympic Day, to indirectly experience winter sports using ICT. 

In particular, the company opened a virtual reality zone enabling the disabled to vividly experience virtual skiing by exposing to clips that were filmed by skiers wearing 360-degree rotating cameras.

Also, KT will unveil...

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Polish visitors to the new Missha store.

Beauty Presence in Poland

11 March 2015 - 9:15am

Missha, which runs 1,500 stores in 29 countries around the world, has advanced into the market in Poland, after entering Germany.

Able C&C (www.able-cnc.com) has recently opened the first Missha store in Poznan, Poland. Poznan is the center of industry and culture in western Poland, with industrial plants for metals, machinery, and chemicals, and 8 universities including Mickiewicz University.

The first Missha store opened in a large shopping mall called King Cross Marcelin, where a majority of customers are younger people, including...

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Hanmi Pharmaceutical's headquarters building in Songpa-gu, Seoul.

Human Growth Hormone

10 March 2015 - 10:15am

A new long-acting sustained-release human growth hormone LAPSrhGH, which Hanmi Pharmaceutical has been developing, was presented at an international medical organization. 

Hanmi Pharmaceutical announced the findings of Phase 1 clinical trials with LAPSrhGH in Korea, and the interim results of Phase 2 in multiple countries at the Endocrine Society (ENDO) being held in San Diego, U.S., from March 5 to 8. 

LAPSrhGH is a long-acting human growth hormone candidate for the treatment of growth hormone deficiency, developed as a bi-weekly or monthly administration therapy using Hanmi...

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Stem Cell Cures

10 March 2015 - 9:45am

With new technology, Green Cross is expanding its business in China, following its expansion to the North American market, which is the largest pharmaceutical market in the world. 

On March 6, Green Cross signed an MOU with the Guizhou Province in China for investment in a project related to cell cures. Under the agreement, the company will invest in order to produce and distribute the cell cure products in China. 

The MOU was possible, since the interests of both Green Cross and Guizhou Province corresponded. Green Cross has been trying to tap the global cell treatment...

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Uh Jin, president of Ahngook Pharmaceutical, shakes hands with a representative of Koushan Pharmed after signing an exclusive contract for Synatura Syrup product distribution.

Antitussive Expectorant

6 March 2015 - 12:45pm

Ahngook Pharmaceutical has signed an exclusive contract with Iranian pharmaceutical company Koushan Pharmed to supply them with its “Synatura Syrup” cough medicine.

Under the contract, Koushan Pharmed will deal with the licensing and sale of Synatura Syrup in Iran. Ahngook Pharmaceutical is expected to see exports worth nearly US$3 million (3.3 billion won) annually after the Iran release.

Koushan Pharmed is one of the top ten drug companies in Iran, focusing on the respiratory field. 

Synatura is a natural drug made of active ingredients extracted from medicinal herbs...

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Representatives of the Guinness World Records and Kolon Sport pose with shoes laces with award-winning laces.

Heraclace

6 March 2015 - 12:30pm

After they lifted 714 kilograms, Kolon Sport’s “Heraclace” shoelaces entered the Guinness Book of Records as the world’s longest and toughest shoelaces. 

Recognized for its tensile and abrasion forces, the Heraclace shoelaces were officially certified as The Toughest Shoelaces in the world by Guinness World Records (GWR). 

The Heraclace is a shoelace made of Heracron, a fiber that offers ultimate high strength, developed by Kolon Industries.

After the product was certified by the Korea Record Institute for the best record in Korea last year, it also officially received...

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Visitors to a tasting event smile and hold their free Ottogi Cheese Ramen packages at the Interfood Indonesia Exhibit in November 2014.

Cheese Ramen

5 March 2015 - 3:41pm

Ottogi (CEO Lee Kang-hoon) is trying to tap into the overseas market with its Cheese Ramen.

...

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The opening ceremony for PT. Hanwha Life Insurance Indonesia at the Kempinski Hotel Jakarta on October 24. CEO Chan Nam-kyu (middle) and head of the local corporation Hyeon Jeong-seop (fifth from the right) give a thumbs-up with the local employees.

Overseas Expansion Results

5 March 2015 - 8:45am

Hanwha Life Insurance, which is Korea’s first life insurance company and symbolizes all Korean life insurance companies, has sequentially succeeded in entering the global markets of China, Vietnam, and Indonesia.

Hanwha Life Insurance is the first Korean life insurance company to enter the Vietnamese insurance market, which it did in April 2009. This is also the first time that a domestic life insurance company invested a 100 percent share and established a local subsidiary.

Through its localization strategy, the company employed nearly 230 locals, including a chief sales...

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KT President Hwang Chang-gyu (center) and President of Coway Kim Dong-hyun (left) listen to an explanation of Smart Home Care IOT at the MWC 2015 in Barcelona, Spain.

Smart Home Health

4 March 2015 - 3:23pm

As water purifiers, air purifiers, and bidets will be connected to the Internet in the future, they will be able to automatically clean the home. They will even be able to be controlled from outside the home. On Mar. 2 (local time), KT and Coway announced an agreement to jointly launch a smart home care business based on the Internet of Things (IoT) at the ongoing Mobile World Congress (MWC) 2015 in Barcelona, Spain.

According to the agreement, they will cooperate to develop an IoT services platform for Coway’s smart air care business, search for business models of converged home...

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The Kingdom Centre towers over Riyadh, Saudi Arabia.

Middle East Medicine

4 March 2015 - 3:16pm

With President Park Geun-hye’s visit to 4 countries in the Middle East, cooperation for the health and medical fields between Korea and the Middle East has strengthened. Accordingly, domestic pharmaceutical companies are expected to pick up momentum to make inroads into the Middle East.

According to pharmaceutical industry sources, on Mar. 3 officials from domestic pharmaceutical companies, including JW Pharmaceutical and BCworld Pharm, which are preparing to enter the market in Saudi Arabia, visited Saudi Arabia and discussed cooperation on the “Korea-Saudi Arabia Specialized...

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