Hanwha Ocean has emblazoned the Hanwha logo on the world’s largest Goliath crane. This marks the conclusion of the three-month-long corporate identity (CI) integration work at Hanwha Ocean’s Geoje business site, the Seoul Namdaemun office, and the Siheung R&D campus.The Geoje business site of Hanwha
POSCO International has successfully exported a swine pneumonia vaccine to NAVETCO, Vietnam’s largest animal vaccine company. The exported product, named “InnoMHP,” was developed by the Korean startup INNOVAC and is enough to be administered to approximately 100,000 pigs.INNOVAC, established in 2016
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company has entered into a collaboration agreement with Vaxxas, an Australian biotechnology company developing a unique vaccine patch platform technology, to
HD Korea Shipbuilding & Offshore Engineering, a core subsidiary of HD Hyundai, has delivered the world’s first ship equipped with an “AI engineer.” Recently, HD Korea Shipbuilding & Offshore Engineering announced that it delivered a 180,000-ton Liquid Natural Gas (LNG) powered bulk carrier equipped
Hanwha Ocean decided on a capital increase of approximately 2 trillion won during its board meeting on Aug. 23. Concurrently, the company also set forth a goal to achieve 30 trillion won in sales and 5 trillion won in operating profit by 2040.Out of the funds secured from this capital raise, about 9
On Aug. 22, JW Pharmaceutical announced that it has received approval for the Phase 3 clinical trial plan (IND) of the gout drug “Epanewrad” (code name URC102) from the Taiwan Food and Drug Administration (TFDA).Epanewrad, which JW Pharmaceutical is developing as an oral medication, is a uric acid e
LG Chem is accelerating the development of its gout treatment, Tigulixostat. After the United States, the company has submitted a plan for phase 3 clinical trials in Europe.According to the electronic disclosure system of the Financial Supervisory Service on Aug. 21, LG Chem has applied for the glob
Global leading tire company Hankook Tire & Technology (Hankook Tire) has published its 2022/23 ESG Report, highlighting its sustainability activities, performance, and mid- and long-term strategies for the year.Based on Hankook Tire’s environmental, social, and governance (ESG) vision system – “Inno
With the increasing utilization of renewable energy sources such as solar and wind power, which generate varying outputs depending on weather conditions, the frequency of “curtailment,” which means generating less power than planned, in nuclear power generation has risen fourfold compared to two yea
In the first half of this year, the combined research and development (R&D) investments of Korea’s leading battery manufacturers, LG Energy Solution, Samsung SDI, and SK innovation, surpassed 1 trillion won for the first time on a half-year basis.According to industry sources on Aug. 16, the R&D inv
Kolmar BNH announced on Aug. 16 that its Eumseong plant, located in North Chungcheong Province, has received GMP certification from the Australian Therapeutic Goods Administration (TGA). Previously, Kolmar BNH’s Sejong plant was certified by TGA GMP in 2021. The TGA oversees pharmaceuticals and medi
A Korean Air passenger plane that was headed to the city of New York in the U.S. had to return to Incheon International Airport due to an aircraft malfunction.According to Korean Air on Aug. 14, its flight with the number KE081 and carrying around 400 passengers took off from Incheon Airport at 10 a
The United States is accelerating its resurgence in the manufacturing sector. While the rivalry with China is one factor, there is also an awareness that maintaining a nation’s competitiveness requires establishing a supply chain based on manufacturing. On the other hand, as South Korea, a nation th
SK telecom (SKT) today announced that it is investing additional USD 100 million in Anthropic, an AI safety and research company based in San Francisco. This follows the previous investment from SK Telecom Venture Capital (SKTVC), the Silicon Valley-based venture capital arm of SKT. SKT has entered
An international standard for liquefied petroleum gas-powered ships was approved at the International Maritime Organization’s 107th Maritime Safety Committee (MSC) meeting in London, the United Kingdom, in June.According to sources in the shipbuilding industry on Aug. 10, LPG ship safety guidelines
China has launched counterattacks against U.S. economic restrictions on the Chinese market. The counterattacks include three measures implemented last month and this month.“As the U.S.-China conflict escalates and China announced legislative initiatives and export control measures to secure economic
A total of approximately 14,000 vehicles across 8 different brands and 21 models, including Kia and Mercedes-Benz, have been identified for a recall.The Ministry of Land, Infrastructure and Transport has revealed that a total of 14,057 vehicles from 21 different models, produced or imported and sold
Postbiotics specialist company bereum Co., Ltd. (CEO Han Kwon-il) announced on July 27 that it has registered a U.S. patent for the prevention and improvement of muscle loss from the Enterococcus faecalis bacterial strain (EF-2001).As we age, we become weaker and slower than when we were young. This
Convenience store GS25 and food company Ourhome, who participated in the 25th World Scout Jamboree held in Saemangeum, Jeollabuk-do, have come under fire for their poor management.According to industry sources on the 8th, Ourhome, who operated the catering and concession stands, food trucks, etc., a
Problems with power loss while driving continue to plague electric vehicles from several major brands. The issues have mostly been detected in their Integrated Power Control Units (ICCU), but other causes have also been identified. Although the history of electric vehicles is still short and require