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
Daesang announced on Nov. 7 that it would establish a joint venture with a Polish company to set up a kimchi plant in Poland and enter the kimchi market in Europe. The Korean food giant plans to make Poland a production base in Europe. It built a kimchi plant in Los Angeles in March this year to pen
FILA Holdings Corp., which operates the global sports brand, FILA, announced on Nov. 8 its reorganization of key global teams, heralding a shift in marketing and design leadership.The new structure aims to strengthen the company’s organizational capabilities in order to successfully execute its five
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced on Nov. 8 that it is teaming up with head bartender Odd Strandbakken from Charles H. in the Four Seasons Hotel Seoul to offer a special lecture on building a sustainable bar culture.The special lectu
Lotte Mart announced on Nov. 6 that it opened the Food Innovation Lab in Indonesia in October this year to develop home meal kits, including Korean meals, for local consumers.The lab is modeled after the Food Innovation Center in Korea, which is led by chef Kang Leo. It is designed to drive a K-food
SK Bioscience announced on Nov. 2 that it has conducted training on vaccine manufacturing processes for students on a WHO manpower training program at Andong L House, its manufacturing base in Andong, North Gyeongsang Province.The training program was jointly organized by the Korean Ministry of Heal
The Ministry of Land, Infrastructure and Transport announced that a self-driving mobility service was launched in Jeju on Nov. 3.The service on the coastal roads near the airport of the island and in and around its Jungmun Tourist Complex is free until next year. The same service is scheduled to be