LS ELECTRIC is establishing its first North American production base in the state of Texas in the U.S. This move comes as demand for distribution systems, an essential power infrastructure for factories, is rapidly increasing. This is due to Korean companies in the semiconductor, automobile, seconda
Medipost, a Korean pharmaceutical company specializing in stem cell therapeutics, is acquiring a stake in OmniaBio Inc., a subsidiary of CCRM which is a global, public-private partnership headquartered in Canada. CCRM receives funding from the Government of Canada, the Province of Ontario, and leadi
General Motors recognized Hankook Tire & Technology as a 2021 Supplier of the Year. GM celebrated honorees at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, earlier this week.GM’s Supplier of the Year award recognizes global suppliers that distinguish themselves by exceedi
A luxury brand reputation survey carried out in Korea in June 2021 ranked Louis Vuitton first, Gucci second and Chanel third.The survey, based on a big data analysis, was jointly conducted by Business Korea and the Korea Reputation Center, which periodically publishes brand reputation indices on a w
GC MS announced on Feb. 25 that it recently signed a contract with MCM EVASRL, a Romanian medical device distributor, to export COVID-19 rapid antigen diagnosis kits.GC MS will ship diagnostic kits worth 6.1 billion won in early March. It intends to expand its supply volume to more than 50 billion w
LG Group is tapping into artificial intelligence (AI) and robot technologies to develop new chemical materials such as eco-friendly catalysts and next-generation materials.LG Science Park announced on Sept. 11 that it has launched the Alliance for AI-Accelerated Materials Discovery (A3MD) together w
Samsung BioLogics has won its patent invalidation trial against Lonza Group, a Swiss multinational, chemicals and biotechnology company headquartered in Basel. The Korean company announced on Oct. 1 that the Intellectual Property Trial and Appeal Board ruled in favor of it on Aug. 29.The suit, which
MCM, a subsidiary of Chungho Nais, a major Korean producer of living appliances, announced on October 16 that it has set up M&TE with Toray of Japan. The joint venture is to research, manufacture and sell air filter products.The initial investment is six billion won (US$5.4 million) and MCM and Tora
A new home appliance factory built by Samsung Electronics in the state of South Carolina started operation. The Korean home electronics giant began to run the factory in a hurry for the purpose of minimizing damage as US President Donald Trump will finally decide on a safeguard on Korean washers by
On December 6 (local time), the Office of the United States Trade Representative (USTR) held a public hearing on photovoltaic cell and module import safeguards. The South Korean government attended the public hearing with South Korean companies and expressed their opposition to the import restrictio
Hankook Tire put a new plant into operation in Clarksville, Tennessee on October 17. The opening ceremony for the plant was attended by Tennessee Governor Bill Haslam, Clarksville Mayor Kim McMillan, Hankook Tire Worldwide CEO Cho Hyun-shik, Hankook Tire Vice Chairman Seo Seung-hwa, Tennessee Depart
There are growing concerns over the different voices of the two heads of the United States and South Korea with the North Korean threat escalating.“South Korea is finding, as I have told them, that their talk of appeasement with North Korea will not work.” US President Donald Trump twitted on Septem
Samsung BioLogics filed a patent invalidation lawsuit against multinational drug maker Lonza.According to related industries on July 5, Samsung BioLogics filed a lawsuit to the Korean Patent Tribunal for the invalidation of Swiss pharmaceutical company Lonza’s patent on a mammalian gene expression v
The ramp has been built, the snow is in place, the crowds are ready to come and cheer, and now the athletes are in PyeongChang ahead of the FIS Snowboard World Cup which takes place on 25-26 November at the Alpensia Ski Jumping Center.This is the first of the 2016/2017 season’s test events ahead of
SK Engineering & Construction (SK E&C) announced on June 1 that it has donated CA$100,000 (US$76,418 or 91.13 million won) to help restore damages in Fort McMurray of the Canadian province of Alberta in where a huge wildfire raged.The company’s Fort Hills project team visited Red Cross Canada in Cal
YouTube, a popular multi-channel network (MCN) allows individual creators to inform the world of their content via the Internet. This overwhelming power has brought more than one billion visitors to the site a year since its launch in May 2005. Even now, 300 hours of video are being uploaded to YouT