Korea Expressway Corp. and its labor union announced that they have donated 150 million won for emergency relief and reconstruction in Turkey and Syria, which were severely damaged by massive earthquakes.They raised the money with donations from employees and social contribution funds raised by unio
SPC Paris Baguette announced on Feb. 21 that it has offered 20 college students an opportunity to intern at its subsidiary in the United States.Paris Baguette signed an MOU with Woosong College to provide an on-the-job training program to Paris Baguette Bakery class students in the United States whi
Kolmar BNH announced on Feb. 20 that it has isolated lactic acid bacterium lactiplantibacillusplantarum SKO-001 from an Angelica root, an herbal medicine, and confirmed its effectiveness in helping to reduce body fat.Angelica roots are used as the main ingredient for Hemo HIM, a health functional fo
Statistics Korea announced on Feb. 20 that South Koreans’ 2019 to 2021 life satisfaction is 5.9 on a scale of 1 to 10. The OECD average is 6.7 and South Korea’s figure is the 36th in the group of 38 countries. Colombia and Türkiye recorded 5.8 and 4.7, respectively.According to the agency, South Kor
New Incheon International Airport duty-free shop operators are about to be selected and China Duty Free Group (CDFG) is likely to participate in the tender, the deadline of which is Feb. 28.According to industry sources, its participation is likely to cause bidding prices to soar. “CDFG is aiming at
Daewoong Pharmaceutical announced on Feb. 15 that it has filed for a court injunction to suspend the execution of the court's first trial ruling in a lawsuit filed by Medytox claiming that Daewoong stole its trade secrets regarding botulinum toxin.Earlier, on Feb. 10, the Seoul Central District
Aramco Korea, a fully-owned subsidiary of Aramco, one of the world’s leading integrated energy and chemicals companies, announced on Feb. 18 that it held the Aramco Coding Hackathon, a nationwide coding competition, for Korea’s elementary and middle school students in partnership with the Seoul Metr
The world is focusing on the 2023 Genesis Invitational, which began on Feb. 16 (local time), as Tiger Woods has chosen the event for his comeback after seven months. Woods’ decision is drawing attention to his special friendship with Chung Eui-sun, chairman of Hyundai Motor Group.Woods has decided t
SPC announced on Feb. 16 that it will donate US$100,000 through the Korean Red Cross to help support recovery operations in Turkey and Syria.The company plans to raise the funds through the Happy Share campaign, one of its social contribution programs.It will use the Happy Point App, a smartphone ap
POSCO International's pharmaceutical business in Sudan is generating profits while at the same time contributing to improving people's health in the African country.General Medicines Co. (GMC) in Sudan, a joint venture between POSCO International and Shinpoong Pharmaceutical, posted operatin
KT announced on Feb. 16 that it will donate 1 billion won to the Community Chest of Korea for the victims of the massive disasters in Turkey and Syria.KT will receive recommendations for relief organizations in dire need of on-site support from Turk Telekom, the No. 1 mobile carrier in Turkey. Then
Coway Co. reported its financial results for the fourth quarter and fiscal year 2022 on Feb. 15.In the fourth quarter, the company earned 163.7 billion won (+17.5% YoY) in operating profit and 76.1 billion won (-12.9% YoY) in net profit on sales of 980.2 billion won (+3.6% YoY).For the whole of 2022
The Incheon Free Economic Zone (IFEZ) Authority announced on Feb. 14 that Sartorius Korea Operations broke ground for production and research facilities in Songdo International City.Sartorius Korea Operations is a company set up by Sartorius AG, an international pharmaceutical and laboratory equipme
HK Innoen inno.N said on Feb. 14 that its gastroesophageal reflux disease drug K-CAB Tab. has been approved by Mexico's Federal Commission for the Protection against Sanitary Risk (COFEPRIS).In 2018, HK inno.N signed a contract with Laboratorios Carnot, the No. 1 pharmaceutical company in the pe
Hyosung Group announced on Feb. 13 that it will donate US$100,000 for Turkey’s recovery from earthquake damage.The relief funds will be delivered to the Disaster and Emergency Management Presidency of Turkey (AFAD) through Hyosung Turkey for earthquake damage recovery and support for victims.“I conv
EOFlow Co. announced on Feb. 14 that GulfDrug LLC of the United Arab Emirates (UAE), its partner in the Gulf region, launched its tubeless, wearable, and disposable insulin pump “EOPatch” in the UAE.Beginning in February 2023, it becomes possible in the UAE to control and manage insulin infusions wi
Pernod Ricard Korea donated 100 million won in scholarships to 54 Gugak talented students at the National Gugak School to foster performers who will lead the next generation of Korean traditional arts and music culture.Frantz Hotton, CEO of Pernod Ricard Korea, congratulated scholarship recipients a
SK bioscience announced on Feb. 8 that the company’s board of directors has officially decided to initiate the establishment of the ‘Songdo Global Research & Process Development (R&PD) Center.’The R&PD Center will be built on a 30,413.8 square meter site in Songdo, Incheon, with a total investment o
A delegation of the Ministry for Foreign Affairs of Finland visited Daewoong Pharmaceutical on Feb. 7.The delegation headed by Health and Wellness Ambassador Päivi Sillanaukee looked around the South Korean company’s facilities and they shared information on the two countries’ health-related industr
Samsung Biologics announced on Feb. 8 that it has received awards in all six categories of the 2023 CDMO Leadership Awards. CDMO stands for contract development and manufacturing organization, a company that provides pharmaceutical development and manufacturing services to drug companies.The biotech