EOFlow Co., a provider of wearable drug delivery systems (DDS), announced on Oct. 24 that it would invest 36.9 billion won in its U.S. subsidiary EOFlow, Inc.The majority of this investment in EOFlow, Inc., approximately 31 billion won, will be used for collecting loans given by EOFlow to its U.S. s
Pernod Ricard Korea has launched the Royal Salute 21YO Richard Quinn Edition, created by a collaboration between two British icons: Royal Salute, a prestige whisky brand, and Richard Quinn, a rising star in the British fashion world.Fashion designer Richard Quinn has captivated the world with his bo
EOFlow Co., a Korean pharmaceutical company specializing in wearable drug delivery solutions, announced on Dec. 28 that its wholly owned U.S. subsidiary, EOFlow Inc. has signed an agreement to establish a joint venture in the U.S. with the U.K. biotech firm Zihipp Limited, a spin-off from Imperial C
Jung-gu District of Incheon is the economic and cultural center of Incheon, Korea’s third largest city which is growing rapidly. This part of the city was a quiet little fishing village before Korea opened itself to the world by signing a trade and amity treaty with the United States in 1882. The fo
The Incheon Free Economic Zone (IFEZ) Authority has recently discussed cooperation with Imperial College London on its plan to build a startup/venture town in Songdo International City in Incheon, Korea.IFEZ Commissioner Lee Won-jae met with Prashanthini Jeyarajan, an industry partnerships and comme
Teachers around the world are undergoing a truly challenging time as they have to prepare their students for the future that is getting increasingly difficult to define. Technological innovation is so rapid that by the time their students graduate, they will face a world of work that is totally diff
Whisky sales in Korea have been on a continuous downturn over the past decade mainly due to changes in lifestyle of Koreans. The domestic sales of the spirit recorded some 1.49 million boxes (a box containing 500ml bottles) in 2018. Industry watchers attribute it to the reduced chances of get-togeth
Incheon International Airport Corp. (IIAC) is likely to be selected as the operator of a 17-trillion-won new airport being promoted in the Philippines.The corporation said on Nov. 25 that it concluded an MOU with San Miguel of the Philippines at the Imperial Hotel in Tokyo on Nov. 23 for participati
Imperial Palace Seoul, a member of the world-class hotel brand “Preferred Hotels & Resorts (PH&R),” offers a supplementary service for guests who have a PH&R membership.The PH&R comprises more than 700 independent hotels, resorts and residential hotels across 85 countries.Guests can participate in t
The Hyundai Motor Group will enter the energy storage system (ESS) business by reusing batteries from scrapped electric vehicles (EVs). The automotive group announced that it has signed a strategic partnership agreement with Wartsila Corporation, a global energy company headquartered in Finland, at
The decision made by President Donald Trump based on the inputs given by his intellectual lieutenant Secretary of Commerce Wilbur Ross to apply twenty five per cent and ten percent tariff on steel and aluminum imports respectively will have a cascading effect across the world. There were similar saf
As the South Korean hotel industry has been directly hit by the steep decline in the number of Chinese tourists due to China’s retaliation over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) system, five-star hotels has been recently making every effort to attract 1.7 billion
Despite the acceleration of policies for nuclear and coal phase-outs, electric power generated from new and renewable energy source was, in fact, only marginal. Although the production volume of electric power based on new and renewable energy sources reached a record high last year, its half came f
CJ Korea Express Co., South Korea’s largest courier service company, said on September 8 that it has bought a stake in Century Logistics Holdings Berhad, No. 2 logistics company in Malaysia. The company bought a 31.4 percent stake in Century Logistics through its Singapore-based wholly owned subsidi
The Small and Medium Business Administration (SMBA) and the Korea Venture Business Association (KOVA) held a ceremony for venture businesses at Imperial Palace Hotel Seoul on July 21 to encourage new venture firms surpassing 100 billion won (US$87.76 million) in sales last year.According to an analy
Daewoo Engineering & Construction signed a memorandum of understanding (MOU) with global resort complex developer Pacific Palace Korea at its headquarters in Sinmunno, Seoul, to construct Pacific Palace Resort Complex in Midan City on Yeongjongdo Island, Incheon.Pacific Palace Korea is wholly owned
In 2015, LG Household and Healthcare (H&H), the nation's second-largest cosmetics maker, delivered the highest sales, operating profits and net profits of all time. The company reported 5.3 trillion won in sales (13.9 percent growth year-on-year) and 684 billion won in operating profits (33 percent
The Financial Consumer Agency (FCA), a public consumer organization, announced on Aug. 13 that it has banded together with Small Business Association of Korea (SBAK) to indefinitely boycott the Lotte Group’s products.The FCA and KSBA jointly released a statement saying, “By more actively carrying ou
Imperial Palace Seoul Hotel boasts a unique interior reminiscent of a luxurious European boutique hotel. The hotel furnishings are known to impress visitors with numerous antique items and artwork. Foreign tourists wanting to stay at a hotel with a classical European interior can book rooms directly
p { margin-bottom: 0.1in; direction: ltr; line-height: 120%; text-align: left; }a:link { color: rgb(0, 0, 255); } Samsung C&T will take part in a project worth 2 trillion won (US$1.71 billion) to build a combined cycle power plant in Qatar.The company announced on July 28 that it has received a let