The sale of Humira biosimilars in the United States is scheduled to start next month. This market is expected to be as huge as US$17.3 billion. More than 10 global biopharmaceutical companies are focusing on it, including Amgen, Samsung Bioepis, and Celltrion. Samsung Bioepis' biosimilar will be
South Korean convenience store companies are expanding their business abroad. They are currently running more than 700 stores in Vietnam, Malaysia, Mongolia, etc.GS25’s first overseas store opened in Vietnam in 2018, when CU opened its first overseas store in Mongolia. CU is currently running 280 in
MBK Partners chairman Michael ByungJu Kim has been selected by Forbes Asia as one of Asia's representative philanthropists for the second consecutive year following 2021.Forbes Asia announced the list of 15 Asian philanthropists for 2022 on Dec. 6, which included chairman Kim once again.The list
Coupang hosted U.S. and Korean government officials at its Daegu Fulfillment Center (FC) on Dec. 7 to discuss the company’s latest contributions to the Korean society. The event was attended by Philip S. Goldberg, the U.S. ambassador to the Republic of Korea, and officials from the government and lo
Statistics Korea announced on Dec. 6 that Switzerland/Iceland and Japan are the OECD member states where the life expectancies of men and women are the longest, respectively.According to the announcement related to 2021, the life expectancy of men is 81.9 years in Switzerland and Iceland, followed b
Korea Tobacco & Ginseng Corporation(KT&G) has built an elementary school in Nonkeo, Vientiane of Laos, together with the Sharing Culture and Arts Association, and held a ceremony to mark the completion of the school on Dec. 1.KT&G has been promoting the construction of an elementary school in Nonkeo
K-CAB, a new drug within the P-CAB category developed by HK inno.N for the treatment of GERD, has a 27 percent lower risk of hepatotoxicity compared with other treatments, HK inno.N said, citing a study conducted by a Korean scholar.The study, undertaken by Professor Kim Jeong-seung of the Ear, Nose
Nongshim announced on Nov. 30 that its sales in North America are expected to reach a record high this year at US$486 million, up 23 percent from the previous year.Nongshim’s big growth in the North American market this year has been driven by its second plant in the United States, which started ope
The entire ‘Gourmet 494 Hannam’ located in Yongsan, Seoul is transforming into a one-of-kind pop-up station for Ballantine’s Single Malts Glenburgie.Pernod Ricard Korea announced on Dec. 1 that it would run ‘Ballantine’s Single Malts Glenburgie Station’ at a premium lifestyle platform ‘Gourmet 494 H
Spotify - the world’s most popular audio streaming subscription service - released its annual Wrapped campaign this year, unveiling a series of data on how fans worldwide listened this year. And as part of the 2022 Wrapped, Spotify also disclosed how the world listened to the K-pop genre specificall
CJ CheilJedang launched the plant-based food brand PlanTable in December last year. The new brand has posted cumulative sales of about 3 million units within 10 months of its launch. The average monthly sales growth rate stood at 20 percent.In particular, export destinations have increased from 10 c
NH Nonghyup Bank announced on Nov. 25 that it publicized Korean agricultural products, including kimchi, in a national holiday event hosted by the Korean Embassy in London on Nov. 24.The event attracted some 300 people, including key figures from the British government, international organizations i
Chivas announced on Nov. 25 the exclusive drop of its iconic Chivas 18 limited-edition, a collaboration with the brand’s Asia Ambassador Lisa that captures the signature style of the global music sensation.The limited-edition bottle is the next move in Chivas’ partnership with LISA, who earlier this
Chong Kun Dang announced on Nov. 23 that the results of a phase 3 clinical trial of LucenBS, a biosimilar referencing Lucentis to treat wet age-related macular degeneration (AMD) have been published in PLOS One, an SCI-level international academic journal.LucenBS is a high-purity Lucentis biosimilar
Korea Ginseng Corp. (KGC) has entered Qatar to introduce red ginseng products of its CheongKwanJang brand to soccer fans from all over the world.CheongKwanJang red ginseng products are available at more than 200 stores in Qatar, including Holland & Barrett, Europe’s No. 1 health food shop.Holland &
The Fair Trade Commission (FTC) has slapped a fine of 240 million won on KyungDong Pharm for providing rebates to doctors through golf entertainment to drive drug sales.The drugmaker provided unfair economic benefits, such as paying golf expenses worth about 1.22 billion won, to doctors at hospitals
EOFlow Co. announced on Nov. 22 that it has developed a 7-day wearable insulin pump prototype and is moving it to productization.EOFlow has successfully completed various tests with samples that can operate for 7 days based on the company’s ultra-low-power, high-performance pumping technology. Based
Amorepacific announced on Nov. 17 that it has won two Innovation Awards at CES 2023. The company has won the CES Innovation Awards for four consecutive years.The company won an Innovation Award in the robotics category with Authentic Color Master by TONEWORK, a solution for a smart customized makeup
‘KAHLUA’ coffee liqueur of Pernod Ricard Korea announced on Nov. 18 that it will run the ‘K-AFÉ Kahlua’ booth at the 21st Café Show Seoul 2022, scheduled to be held for four days from Nov. 23-26 at COEX.At the expo, Kahlua will offer diverse programs for consumer experience and barista-targeted B2B
The Ministry of Land, Infrastructure and Transport announced on Nov. 17 that it inspected 24 A330s of Korean Air and 15 of Asiana Airlines and microcracks were found in the engines of 21 in total.The 21 are divided into 10 of Korean Air and 11 of Asiana Airlines. “One of the planes of Korean Air exc