Samsung Bioepis's biosimilar Renflexis, SK Biopharmaceuticals' epilepsy drug Xcopri, and Daewoong Pharmaceutical's botulinum toxin Nabota, are expected to exceed US$200 million in U.S. sales this year.The Renflexis sales added up to US$196 million last year. According to industry sources
George Mason University Korea (Mason Korea) announced on Feb. 22 that it held a New Student Convocation ceremony for Spring 2023 freshmen and new students at the Incheon Global Campus Auditorium.The convocation ceremony was held without masks for the first time in three years with the easing of Kore
Korea Water Resources Corp. (K-water) has nabbed the Best Green Bond Award in the sustainable capital category at The Asset Triple A Awards 2022, which was hosted by The Asset, a global financial magazine based in Hong Kong.The awards program selects financial institutions or financial transactions
Her Chul-ho, CEO of Korea Ginseng Corporation (KGC)., visited Jilin, Shanghai, and Shenzhen for 10 days to discuss business cooperation with Chinese officials.On Feb. 16 and 17, Her held talks with the governor of Jilin Province in China and the secretary of the Communist Party in Yanbian Korean Aut
Lotte Property & Development (P&D) announced on Feb. 20 that it has invited 10 officials of Lotte P&D Vietnam, the company's subsidiary in Vietnam, to Lotte World Tower in Seoul for a five-day training from Feb. 20-24.This program is designed to share Lotte World Tower Mall’s expertise and opera
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