The U.S. competition authority has decided to conduct an additional review of a business combination between Korean Air and Asiana Airlines beyond the announced review period. Concerns are growing that the merger process between two airlines may be extended. Previously, the UK competition authority
British competition authorities has suspended its review of the proposed combination between Korean Air and Asiana Airlines. Experts expect that approval will depend on additional data from Korean Air.The U.K. Competition and Markets Authority (CMA) said on its website on Nov. 15 that a merger betwe
Coway Co. announced on Nov. 16 the construction of a new solar power plant at iOBED, a global sleep technology subsidiary owned by Coway, in Paju, Gyeonggi Province, South Korea.The solar power plant, which has an estimated annual capacity of 800 KWh, is being constructed on the roof of the iOBED bu
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced on Nov. 16 that it will work hand in hand with its wholesalers to recruit participants in the December class for its sustainable bar operation training program ‘Bar World of Tomorrow,’ which has been
WeMakePrice and Google Cloud have launched a large-scale project to move all service systems of WeMakePrice from its IDC to a container-based cloud environment.The two companies announced the project at a vision share workshop at WeMakePrice’s headquarters in Gangnam-gu, Seoul on Nov. 11.Under the c
Catch Table, the No. 1 restaurant reservation service in Korea used by more than 2 million Koreans, has launched an English version of its reservation app to help foreign travelers easily find great restaurants in Korea.The English version of the app can be downloaded from various app stores. "We de
EOFlow Co. announced financial results for the third quarter on Nov. 14.The company posted 3.5 billion won in sales in the third quarter, an increase of 916% compared to 342 million won in the prior year. The company recorded the highest quarterly earnings of all time.“Exports of EOPatch production
The Korea National Council of Consumer Organizations recently said that the daily coffee consumption and monthly coffee cost of 70 percent of South Korean adults are at least one cup and 103,978 won on average, respectively. In its survey, 12.2 percent of respondents said they have coffee five to si
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, offers its Bar World of Tomorrow professional training to members of the Millennial and Gen Z generations age 19 or older in an effort to build a culture of sustainability across the entire hospitality industr
Pulmuone announced on Nov. 11 that it has participated in the fifth China International Import Expo (CIIE) held in Shanghai, China from Nov. 5 to 10.Pulmuone set up an exclusive booth, which was 22 square meters larger than its booth last year, in preparation for the revitalization of Chinese domest
Daewoong Pharmaceutical will launch a phase 1 clinical trial of a new drug for autoimmune diseases in the United States. It is a first-in-class medication in the autoimmune disease family that simultaneously inhibits two enzymes involved in immune cell activation. The clinical trial on 72 patients i
Coupang succeeded in turning a profit in the third quarter of this year, the first profit in eight years since the e-commerce giant introduced a “rocket-speed” delivery service in 2014.According to an earnings report submitted to the U.S. Securities and Exchange Commission (SEC) on Nov. 10, Coupang
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard Group, has donated 28 iPads to the Yurak Social Welfare Center in Jung-gu, Seoul in an attempt to help strengthen digital literacy among neighbors excluded from online classes due to a lack of IT devices.The iP
An increasing number of orphan drugs developed by South Korean companies are entering the U.S. market, where more incentives are given to such drugs than in South Korea.Examples of such drugs recently approved by the U.S. FDA include MedPacto’s Vactosertib, HLB Therapeutics’ RGN-259, Hanmi Pharmaceu
Pernod Ricard Korea has released the new high-end collection of the prestige whisky ‘Royal Salute’, ‘Royal Salute 30 Year Old (Royal Salute 30YO – Key to the Kingdom)’.Royal Salute has been leading the innovation of Scotch whiskey based on the know-how accumulated over many years, presenting the lin
Daewoong Pharmaceutical’s “SAY PAIN!” campaign nabbed the top prize in the international PR sector at KPRA Awards 2022 hosted by the Korea PR Association (KPRA) on Nov. 9.The “SAY PAIN!” campaign is a social contribution campaign spearheaded by Daewoong Pharmaceutical in Indonesia. It aims to contri
Dong-A ST announced on Nov. 9 that it has attracted US$32.3 million in investment from NeuroBo Pharmaceuticals under a technology licensing-out and equity investment deal with the U.S. company.In September, Dong-A ST transferred to NeuroBo its exclusive worldwide development and sales rights for DA-
Coway Co. announced financial results for the third quarter of 2022 on Nov. 9."We had a steady third quarter thanks to opportunities from our digital transformation (DX) and innovative product launches," said Kim Soon-tae, the company's chief financial officer. "To continue our stable trajectory
WiseApp recently conducted a survey and announced on Nov. 8 that Instagram is this year’s most popular SNS for South Koreans in their 10s and 20s.According to the app market research firm, the number of South Korean Instagram users in that age group increased from 7.1 million to 8.48 million from Oc
SK Group and the Korean Committee for UNICEF jointly held the 2022 Child-Friendly Enterprises Forum at the Kensington Hotel in Yeouido, Seoul on Nov. 7 to explore ways to integrate children's rights into business.The group has been leading the Happy Alliance, a social contribution network commit